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Gross Domestic Product: December 2014 quarter
Embargoed until 10:45am  –  19 March 2015
Key facts

Gross domestic product (GDP):

  • Economic activity grew 0.8 percent in the December 2014 quarter.
  • Retail trade and accommodation up 2.3 percent, due to increased tourist spending.
  • Rental, hiring, and real estate services up 1.2 percent, due to more house sales.
  • Financial and insurance services up 1.1 percent, due to increased banking activity.

Expenditure on gross domestic product:

  • Expenditure on GDP grew 1.1 percent in the December 2014 quarter.
  • Exports of goods and services up 6.1 percent, driven by increased spending from overseas visitors.
  • Household consumption expenditure up 0.6 percent, due to increased spending on services and durable goods.
  • Inventories were built up $409 million, due to manufacturing and distribution inventories.

Image, Gross Domestic Product: December 2014 quarter – visualisation.  

Liz MacPherson, Government Statistician
ISSN 1178-0290
19 March 2015

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