Key Facts for Taxpayers (Part 2)
New Zealand’s nominal GDP
- New Zealand's nominal GDP
Consensus forecasts of trading partner growth fall over time
- Consensus forecasts of trading partner growth fall over time
Consensus forecasts for 2009 growth of New Zealand's trading partners. The annual average percentage change in real production GDP for the 2009 calendar year is presented above.
Where do core Crown expenses go?
2009/10: $65.3b (37.3% of GDP)
- Where do core Crown expenses go?
Social security & welfare includes New Zealand Superannuation, the Accommodation Supplement and the Domestic Purposes, Unemployment, Sickness & Invalid's benefits.
Where does core Crown revenue come from?
2009/10: $56.8b (32.4% of GDP)
- Where does core Crown revenue come from?
Expenses and revenue are on a core Crown basis and so exclude Crown entities and state-owned enterprises.
Core Crown expenditure excluding losses
- Core Crown expenditure excluding losses
Line represents total core Crown expenditure as a % of GDP shown on right-hand axis.
Core Crown revenue
- Core Crown revenue
Line represents total core Crown revenue as a % of GDP shown on right-hand axis.
Operating balance before gains and losses
2009/10: -$7.6b (-4.3% of GDP)
- Operating balance before gains and losses
Net Debt
2009/10: $27.3b (15.6% of GDP)
- Net Debt
The no policy response projections are based on policies as at the 2008 Pre-Election Update, and the economic outlook of the 2009 Budget Update.
