Data tables for summary fiscal indicators (continued)

Table 16 - Core Crown fiscal impulse with alternative output gap and elasticity values (% of GDP)
June year	Fiscal impulse	Fiscal impulse using alternative output gaps			Fiscal impulse using alternative elasticities
		RBNZ	IMF	OECD	Low	High
1998	0.3	0.2	0.3	0.4	0.6	-0.5
1999	1.0	0.7	1.1	1.3	1.2	0.7
2000	0.6	0.6	-0.1	-0.1	0.2	1.5
2001	-1.3	-1.1	-0.4	-0.5	-1.0	-1.8
2002	-0.8	-0.6	-0.8	-0.7	-0.8	-0.6
2003	-0.3	0.0	-0.2	-0.2	-0.4	-0.1
2004	0.4	0.5	0.2	0.2	0.3	0.8
2005	-1.7	-1.7	-1.4	-1.5	-1.7	-1.7
2006	0.6	0.4	0.2	0.1	0.5	0.6
2007	0.5	0.4	0.2	0.2	0.4	0.8
2008	0.2	0.1	0.2	0.2	0.2	0.2
2009	3.5	3.4	4.0	4.1	4.1	2.4
2010	2.1	2.2	1.9	2.0	2.2	2.0
2011	0.6	0.7	0.9	0.6	0.7	0.4
2012	-0.6	-0.4	-0.6	-0.9	-0.7	-0.5
2013	-0.8	-0.9	-0.8	-1.0	-0.9	-0.6
2014	-0.5	-0.4	-0.6	-0.6	-0.6	-0.4
2015	-1.2	-1.2			-1.3	-1.1
2016	-0.9	-1.1			-0.9	-0.9
2017	-0.7				-0.7	-0.7

Source: The Treasury

Table 17 - Terms-of-trade adjustment to the cyclically-adjusted balance (% of GDP)
June year	Baseline CAB	Terms-of-trade adjustment (impact on CAB)				CAB with terms-of-trade adjustment
		50-year average	30-year average	20-year average	Statistical filter	50-year average	30-year average	20-year average	Statistical filter
1998	2.6	0.4	0.1	0.5	0.0	2.9	2.7	3.1	2.6
1999	1.0	0.5	0.3	0.7	0.1	1.4	1.2	1.6	1.0
2000	0.1	0.5	0.3	0.7	0.2	0.7	0.4	0.9	0.3
2001	1.5	0.2	-0.1	0.4	-0.2	1.7	1.4	2.0	1.3
2002	2.1	0.2	0.0	0.5	0.0	2.3	2.0	2.6	2.1
2003	3.1	0.2	-0.1	0.4	0.2	3.2	3.0	3.5	3.3
2004	3.1	-0.6	-0.8	-0.3	-0.3	2.5	2.3	2.8	2.8
2005	4.0	-0.8	-1.1	-0.6	-0.3	3.1	2.9	3.4	3.6
2006	3.7	-0.5	-0.8	-0.3	0.2	3.1	2.9	3.4	3.8
2007	2.3	-0.9	-1.1	-0.6	0.0	1.4	1.1	1.6	2.3
2008	1.9	-2.0	-2.3	-1.7	-0.9	-0.1	-0.4	0.2	1.0
2009	-1.5	-1.1	-1.4	-0.8	0.2	-2.6	-2.9	-2.4	-1.4
2010	-2.6	-1.2	-1.4	-1.0	0.0	-3.8	-4.1	-3.6	-2.6
2011	-3.7	-1.9	-2.2	-1.6	-0.3	-5.5	-5.9	-5.3	-4.0
2012	-2.8	-1.6	-1.9	-1.4	0.0	-4.4	-4.7	-4.2	-2.8
2013	-1.8	-1.3	-1.5	-1.1	0.3	-3.1	-3.4	-2.9	-1.6
2014	-0.7	-2.0	-2.3	-1.8	-0.3	-2.7	-3.0	-2.5	-1.0
2015	0.1	-2.1	-2.3	-1.9	-0.3	-2.0	-2.3	-1.8	-0.2
2016	0.3	-2.2	-2.5	-2.0	-0.2	-1.9	-2.2	-1.7	0.0
2017	1.0	-2.1	-2.4	-1.9	0.1	-1.1	-1.4	-0.8	1.1

Source: The Treasury

Page top

Global Navigation