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Gross Domestic Product: December 2012 quarter
Embargoed until 10:45am  –  21 March 2013
Key facts

Gross domestic product (GDP):

  • Economic activity increased 1.5 percent in the December 2012 quarter.
  • Growth was widespread, with 15 of the 16 industries up.
  • Agriculture, forestry, and fishing (up 2.6 percent), retail trade and accommodation (up 2.3 percent), and wholesale trade (up 2.1 percent) had the largest increases.
  • Economic activity for the year ended December 2012 was up 2.5 percent.

Expenditure on gross domestic product:

  • The expenditure measure of GDP was up 1.4 percent in the December 2012 quarter.
  • The volume of expenditure by New Zealand households was up 1.6 percent. 
  • Exports of goods and services increased (up 0.9 percent) while imports fell (down 2.0 percent).
  • In current prices, expenditure on GDP was $209 billion for the year ended December 2012.

 Graph, Gross domestic product, quarterly change, December 2006 to December 2012.

Geoff Bascand
Government Statistician

21 March 2013
ISSN 1178-0290
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