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National Accounts (Income and Expenditure): Year ended March 2016
Embargoed until 10:45am  –  08 December 2016
Key facts

The National Accounts (Income and Expenditure) release provides information on domestic production and the resulting income that is available for spending and saving. It also provides an insight into how saving is used and invested between different sectors of the economy.

Provisional estimates for the year ended March 2016:

  • New Zealand’s gross domestic product (GDP) was $251.8 billion up 4.1 percent from 2015.
  • National saving continued to increase up 8.8 percent to $15.2 billion.
  • Sustained weakness in global milk prices continued to result in low household income from farming.
  • Household saving continued its decline since 2012 falling to negative $3.0 billion.
  • Household disposable income increased by 2.8 percent to $138.4 billion, led by growth in salaries and wages.
  • Household spending was up 3.6 percent, with increases across all expenditure categories.
  • Government saving was steady at $4.61 billion, a slight decrease from the $4.71 billion in 2015.
  • Sustained levels of investment were seen across most asset types, with investment in residential building showing the largest increase.

Data now available on Infoshare, 13 December 2016

Infoshare data was affected during the restoration of computer systems following the 14 November earthquake, but is now available.

Liz MacPherson, Government Statistician, 8 December 2016, ISSN 2324-1896

Page updated 13 December 2016

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