Provides information on domestic production and the resulting income that is available for spending and saving.
The National Accounts (Income and Expenditure) release provides information on domestic production and the resulting income that is available for spending and saving. It also provides an insight into how saving is used and invested between different sectors of the economy.
Provisional estimates for the year ended March 2014:
- New Zealand’s gross domestic product (GDP) was $231.0 billion.
- Growth was reflected in higher operating profits for businesses, which drove up national income and saving.
- Higher global milk prices resulted in higher business profits, export earnings, and household income from farming.
- Revised estimates show positive household saving since 2010.
- Government saving increased, due to higher tax revenue, driven by higher salaries and wages, household consumption, and business profits.
- Investment in residential building and other construction continued to grow strongly due to the Canterbury rebuild.