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Gross Domestic Product: June 2015 quarter
Embargoed until 10:45am  –  17 September 2015
Key facts

Economic activity, as measured by gross domestic product (GDP), grew 0.4 percent in the June 2015 quarter.

The main movements by industry were:

  • agriculture was up 3.0 percent, due to increased dairy production
  • mining was up 2.5 percent, due to an increase in oil and gas extraction
  • business services was up 2.3 percent, due to widespread increases
  • rental, hiring, and real estate services was up 1.1 percent, due to an increase in real estate services
  • transport was down 1.8 percent, due to decreases in road transport and transport support services.

Expenditure on gross domestic product grew 0.2 percent in the June 2015 quarter.

The main movements in GDE were:

  • household consumption expenditure was up 0.9 percent, due to increased spending on durable goods, non-durable goods, and services
  • investment in fixed assets was up 1.7 percent, due to increases in plant, machinery, and equipment, and other construction
  • exports of goods and services was down 1.1 percent, while imports of goods and services was up 2.3 percent.

Graph, GDP grew 0.4% in the June 2015 quarter. Primary increased 2.1%, goods-producing increased 0.4%, and services increased 0.5%. Primary made up about 10% of the economy, while goods-producing was about 20% and services was about 70%. Primary contributed 0.2% to GDP growth for the quarter, while goods-producing contributed 0.1% and services contributed 0.3%.

Graph, Size of New Zealand economy was about $240 billion in the June 2015 year. Household spending was about $135 billion, government spending was about $45 billion, investment was about $55 billion. Exports were about $65 billion, while imports were about $65 billion.

Graph, Gross domestic product, quarterly and annual growth, June 2009 to June 2015.

Liz MacPherson, Government Statistician
ISSN 1178-0290
17 September 2015

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