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National Accounts (Income and Expenditure): Year ended March 2012
Embargoed until 10:45am  –  21 November 2012
Key facts

 In the year ended March 2012:

  • Current price gross domestic product (GDP) increased 3.7 percent, while GDP per capita increased 2.9 percent.
  • National disposable income increased 3.9 percent, with compensation of employees (mainly wages and salaries) up 4.0 percent and business profits (gross operating surplus) up 1.7 percent.
  • Final consumption expenditure increased 4.8 percent, with household spending up 5.0 percent.
  • Investment in fixed assets (gross fixed capital formation) increased 0.7 percent, with a decrease in residential and non-residential building offset by increases in plant, machinery, and equipment, and other construction (infrastructure).
  • National saving was $1.4 billion, compared with $2.8 billion in 2011.
  • Household saving decreased to negative $144 million.
  • Government saving increased $0.6 billion but remains negative at -$2.5 billion.

Graph, Gross domestic product and gross domestic product per capita, current price, annual change, 1996 to 2012.

Geoff Bascand
Government Statistician
21 November 2012
ISSN 2324-1896
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