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Table 3 - Gross Domestic Expenditure and Income

Table 3 - Gross Domestic Expenditure and Income
March
Year		 2010
Actual 		2011
Estimate 		2012
Forecast 		2013
Forecast 		2014
Forecast 		2015
Forecast
$ mill %vol %pr $ mill %vol %pr $ mill %vol %pr $ mill %vol %pr $ mill %vol %pr $ mill
Consumption:
  • Private
110,838 1.5 2.0 114,803 1.4 3.4 120,351 2.6 2.4 126,342 3.4 2.1 133,343 2.9 1.9 139,927
  • Public
38,212 2.4 1.9 39,878 1.0 2.9 41,440 -0.8 2.7 42,218 -0.4 2.6 43,111 0.6 2.3 44,363
Gross Fixed Capital Formation:
  • Residential
8,208 0.9 0.2 8,300 0.8 2.8 8,603 53.5 4.1 13,752 17.4 6.1 17,121 2.7 6.3 18,696
  • Market *
25,605 7.5 -1.0 27,241 4.3 2.2 29,032 13.0 2.6 33,656 9.8 1.9 37,648 2.5 1.7 39,244
  • Non-market **
3,036 -5.2 4.0 3,011 10.0 3.2 3,414 -6.7 2.4 3,260 -3.1 2.4 3,238 4.7 2.4 3,474
  • Total all sectors
36,845 5.3 -0.6 38,548 5.6 0.8 41,049 18.8 3.9 50,668 11.0 3.2 58,007 3.0 2.8 61,413
Change in Stocks -1,444 1,293 1,431 766 261 218
Gross National Expenditure 184,451 4.5 0.9 194,524 1.7 3.3 204,270 5.3 2.3 219,994 4.5 2.1 234,721 2.5 2.2 245,922
Exports 52,424 1.9 7.1 57,154 3.0 5.3 61,977 2.9 2.1 65,177 2.2 5.8 70,501 2.1 8.8 78,331
Imports 49,690 10.5 -0.9 54,485 2.5 6.9 59,732 6.9 2.6 65,506 6.8 5.3 73,669 1.7 8.6 81,300
Expenditure on GDP 187,185 2.1 3.2 197,192 1.6 3.1 206,515 4.0 2.3 219,666 3.0 2.4 231,553 2.7 2.1 242,952
Statistical Discrepancy 617     623     629     637     645     652
Gross Domestic Product 187,802     197,815     207,144     220,303     232,198     243,604
Compensation of employees 84,486 3.3 87,245 4.5 91,133 6.5 97,074 5.9 102,835 5.3 108,307
Operating Surplus, net:
  • Agriculture
6,036 19.7 7,222 7.2 7,739 0.1 7,744 3.1 7,985 8.1 8,628
  • Other
45,768 5.2 48,157 1.2 48,755 7.1 52,233 4.2 54,406 3.3 56,183
  • Total all sectors
51,804   6.9 55,379   2.0 56,494   6.2 59,977   4.0 62,391   3.9 64,811
Consumption of fixed capital 28,391 6.0 30,094 5.5 31,750 5.5 33,496 5.5 35,338 5.5 37,282
Indirect Taxes 23,775 8.3 25,751 10.4 28,422 7.0 30,410 6.2 32,288 4.9 33,858
Less subsidies 654 0.0 654 0.0 654 0.0 654 0.0 654 0.0 654
Gross Domestic Product 187,802 5.3 197,815 4.7 207,144 6.4 220,303 5.4 232,198 4.9 243,604

* Includes Local Government and Non-profit Organisations
** Central Government (includes Crown entities but not SOEs)

Source: Statistics New Zealand, The Treasury

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