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National Accounts (Industry Benchmarks): Year ended March 2010
Embargoed until 10:45am  –  21 November 2012
Key facts

The National Accounts (Industry Benchmarks) provide comprehensive industry data on production, investment, and capital stock. This data was analysed in a supply-use balancing framework to reconcile the production, expenditure, and income measures of gross domestic product (GDP). This release is the first time this detailed data is available to analyse the impacts of the global financial crisis on the New Zealand economy. 

In the year ended March 2010:

  • Current price GDP increased 2.2 percent, while GDP per capita increased 1.0 percent.
  • Compensation of employees (mainly wages and salaries) increased 0.6 percent and business profits (gross operating surplus) increased 3.5 percent.
  • Total investment in fixed assets decreased 10.5 percent, after falling 4.5 percent in the March 2009 year.
  • Imports dropped 16.1 percent, while exports decreased 7.7 percent, resulting in a trade surplus of $3.1 billion.
  • Final consumption expenditure increased 2.8 percent, with household spending also up 2.8 percent.
  • The implementation of financial intermediation services indirectly measured (FISIM) shows an average increase of 0.7 percent to GDP in the last 10 years.

Graph, Gross domestic product and gross domestic product per capita, current price, annual change, 2000–10.

Geoff Bascand
Government Statistician

21 November 2012
ISSN 2324-190X  

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