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National Accounts: Year ended March 2011
Embargoed until 10:45am  –  18 November 2011
Key facts

 In the year ended March 2011:

  • Current price gross domestic product (GDP) increased 4.2 percent, while GDP per capita increased 3.1 percent.
  • National saving was $1.2 billion (compared with $2.0 billion in the March 2010 year).
  • National disposable income increased 3.0 percent, with compensation of employees (mainly wages and salaries) up 3.2 percent and business profits (gross operating surplus) up 4.2 percent.
  • Total capital investment increased 11.2 percent (mainly due to investment in fixed assets rising 5.9 percent).
  • Final consumption expenditure increased 3.6 percent, with household spending up 3.9 percent.
  • Central and local government expenditure increased 2.2 percent and 6.6 percent, respectively.
  • Net lending to the rest of the world was $4.3 billion, (compared to net borrowing of $3.9 billion in the March 2010 year).

This is the first release of the national accounts incorporating a new industry classification, ANZSIC06. Detailed ANZSIC06 industry GDP estimates are now available from 1987 to 2009.

 Graph, Gross domestic product and gross domestic product per capita, current price, annual change, 1995 to 2011.

Geoff Bascand
Government Statistician

18 November 2011
ISSN 1178-0568 

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