Gross Domestic Product: December 2011 quarter (new industry classification)

Embargoed until 10:45am  –  15 May 2012

Key facts

  • Economic activity grew 0.3 percent in the December 2011 quarter, unchanged from previously published.
  • Economic activity for the year ended December 2011 increased 1.1 percent (revised from 1.4 percent).  
  • Gross domestic product (GDP) from the June 1987 quarter to the December 2011 quarter has been updated to incorporate the new industry classification, ANZSIC06. This classification better represents the current economy. 
  • New annual benchmarks have been incorporated up to the year ended March 2009 for quarterly GDP, and up to the year ended March 2011 for the expenditure measure of GDP (GDE). These annual benchmarks provide a more up-to-date picture of the New Zealand economy.  
  • More than 60,000 new pieces of data have been created as a result of this upgrade to the national accounts.

 

Geoff Bascand
Government Statistician

15 May 2012
ISSN 1178-0290