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National Accounts: Year ended March 2009
Embargoed until 10:45am  –  19 November 2009
Highlights
Please note: The National Accounts ended March 2009 income from the rest of the world (current transfers received) estimate shows a minor discrepancy when compared with the Balance of Payments statistics. The GDP estimate is not affected and the discrepancy will be corrected in the next annual release which is scheduled for November 2010.
 
  • Current price gross domestic product (GDP) increased 2.0 percent, while GDP per capita increased 1.0 percent.
  • National saving was $0.5 billion, compared with $4.1 billion in the March 2008 year.
  • National disposable income increased 1.5 percent, with compensation of employees (mainly wages and salaries) up 4.0 percent and business profits (gross operating surplus) up 0.3 percent.
  • Total capital investment decreased 4.8 percent, mainly due to investment in fixed assets decreasing 3.8 percent.
  • Final consumption expenditure increased 4.2 percent, with household spending up 2.7 percent. Central and local government expenditure increased 8.9 percent and 7.0 percent, respectively.
  • Net borrowing from overseas increased from $14.9 billion in the March 2008 year to $15.2 billion in the year ended March 2009.
  • Detailed industry GDP estimates are now available from 1972 to 2007.

 Graph, Gross Domestic Product and Gross Domestic Product per Capita

Geoff Bascand
Government Statistician

19 November 2009
ISSN 1178-0568

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