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National Accounts (Industry Benchmarks): Year ended March 2011
Embargoed until 10:45am  –  21 November 2013
Revisions

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.

Gross domestic product revisions summary

Percentage change from previous year

Year ended March

Gross operating surplus

Compensation of employees

Gross domestic product

Published Nov 2012

Published Nov 2013

Published Nov 2012

Published Nov 2013

Published Nov 2012

Published Nov2013

2008

9.2

9.2

8.3

8.3

8.3

8.3

2009

-3.2

-3.2

5.2

5.2

0.8

0.8

2010

3.5

4.0

0.6

1.1

2.2

2.6

2011

5.6

6.0

3.0

3.2

5.0

4.6

 

Expenditure on GDP revisions summary

Percentage change from previous year

Year ended March

Gross fixed capital formation

Private final consumption expenditure

Expenditure on GDP

Published Nov 2012

Published Nov2013

Published Nov 2012

Published Nov2013

Published Nov 2012

Published Nov 2013

2008

8.4

8.4

5.3

5.2

8.3

8.3

2009

-4.5

-4.5

2.4

2.4

0.8

0.8

2010

-10.5

-9.1

2.8

3.2

2.2

2.6

2011

2.1

1.2

4.2

4.3

4.6

4.6

 

Trade revisions summary

Year ended March

Imports of goods and services

Exports of goods and services

Published Nov 2012

Published Nov2013

Published Nov 2012

Published Nov 2013

2008

5.5

5.4

7.2

7.3

2009

12.5

12.5

11.6

11.2

2010

-16.1

-16.2

-7.7

-8.1

2011

11.0

10.9

10.3

10.3

 

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