Gross Domestic Product: March 2012 quarter

Embargoed until 10:45am  –  21 June 2012

Key facts

Gross domestic product (GDP):

  • Economic activity increased 1.1 percent in the March 2012 quarter.
  • Manufacturing (up 1.8 percent) was the largest contributor to economic growth this quarter.
  • Business services (up 2.0 percent) and agriculture (up 2.3 percent) also contributed to growth.
  • Economic activity for the year ended March 2012 was up 1.7 percent.  

Expenditure on gross domestic product:

  • The expenditure measure of GDP was up 0.8 percent in the March 2012 quarter.
  • Gross fixed capital formation was up 1.7 percent.
  • For the year ended March 2012, expenditure on GDP was up 1.0 percent.  
  • In current prices, expenditure on GDP was $202 billion for the year ended March 2012.

 Graph, Gross domestic product, quarterly change, March 2006 to March 2012.

Dallas Welch (Mrs)
Acting Government Statistician

21 June 2012
ISSN 1178-0290