This release contains revisions arising from new and more up-to-date information. The revisions result from balancing the production and expenditure estimates of gross domestic product (GDP) within a supply and use framework.
Before balancing, updated and new benchmarks (mainly based on the 2010 and 2011 annual economic surveys) were adopted for the production-based estimates. In addition, updated and new information from other data sources was included, which resulted in revisions to the estimates for the years ended March 2010 and March 2011.
Changes are included in the international and national accounts in 2013. These affect some of our information releases, including this one.
The key changes are:
- spending by international visitors to New Zealand
- imports of low-value goods purchased directly by households
- revisions to dairy cattle farming and dairy product manufacturing industries.
See Data quality for more information.
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Gross domestic product revisions summary
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Percentage change from previous year
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Year ended March
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Gross operating surplus
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Compensation of employees
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Gross domestic product
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Published Nov 2012
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Published Nov 2013
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Published Nov 2012
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Published Nov 2013
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Published Nov 2012
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Published Nov2013
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2008
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9.2
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9.2
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8.3
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8.3
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8.3
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8.3
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2009
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-3.2
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-3.2
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5.2
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5.2
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0.8
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0.8
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2010
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3.5
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4.0
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0.6
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1.1
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2.2
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2.6
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2011
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5.6
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6.0
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3.0
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3.2
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5.0
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4.6
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Expenditure on GDP revisions summary
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Percentage change from previous year
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Year ended March
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Gross fixed capital formation
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Private final consumption expenditure
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Expenditure on GDP
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Published Nov 2012
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Published Nov2013
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Published Nov 2012
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Published Nov2013
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Published Nov 2012
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Published Nov 2013
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2008
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8.4
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8.4
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5.3
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5.2
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8.3
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8.3
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2009
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-4.5
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-4.5
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2.4
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2.4
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0.8
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0.8
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2010
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-10.5
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-9.1
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2.8
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3.2
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2.2
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2.6
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2011
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2.1
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1.2
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4.2
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4.3
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4.6
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4.6
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Trade revisions summary
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Year ended March
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Imports of goods and services
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Exports of goods and services
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Published Nov 2012
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Published Nov2013
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Published Nov 2012
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Published Nov 2013
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2008
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5.5
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5.4
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7.2
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7.3
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2009
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12.5
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12.5
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11.6
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11.2
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2010
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-16.1
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-16.2
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-7.7
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-8.1
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2011
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11.0
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10.9
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10.3
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10.3
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