Time Series of Fiscal and Economic Indicators (continued)
|
March Years Annual average % change |
2001 Actual |
2002 Actual |
2003 Actual |
2004 Actual |
2005 Actual |
2006 Actual |
2007 Actual |
2008 Actual |
2009 Actual |
2010 Actual |
2011 Actual |
2012 Actual |
2013 Forecast |
2014 Forecast |
2015 Forecast |
2016 Forecast |
2017 Forecast |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Private consumption | 1.5 | 2.7 | 4.6 | 6.2 | 4.4 | 4.4 | 2.7 | 3.4 | -1.7 | 0.4 | 1.6 | 1.9 | 1.5 | 2.8 | 2.6 | 1.9 | 1.7 |
| Public consumption | -2.0 | 4.2 | 1.4 | 4.9 | 4.6 | 4.7 | 4.1 | 5.2 | 4.6 | 0.2 | 0.4 | 0.6 | 0.7 | 0.2 | 0.8 | 0.7 | 0.4 |
| TOTAL CONSUMPTION | 0.7 | 3.1 | 3.9 | 5.9 | 4.5 | 4.5 | 3.0 | 3.8 | -0.3 | 0.3 | 1.3 | 1.6 | 1.3 | 2.2 | 2.2 | 1.7 | 1.4 |
| Residential investment | -13.6 | 2.2 | 23.6 | 14.8 | 2.3 | -5.0 | -1.9 | 1.6 | -22.5 | -12.0 | 3.7 | -11.6 | 19.5 | 33.0 | 22.4 | 7.4 | -0.6 |
| Non-market investment | -13.5 | 22.0 | 10.7 | 15.5 | 10.8 | 5.7 | 1.8 | -8.0 | 22.6 | -1.8 | -14.7 | -12.1 | -13.1 | 9.2 | 2.4 | 2.4 | 2.4 |
| Market investment | 7.1 | 7.1 | 2.8 | 12.4 | 11.6 | 11.0 | -2.9 | 10.6 | -5.1 | -16.0 | 9.3 | 5.4 | 13.0 | 9.4 | 4.4 | 2.3 | 1.9 |
| TOTAL INVESTMENT | -0.3 | 7.1 | 7.9 | 13.2 | 8.3 | 6.6 | -2.7 | 7.0 | -8.5 | -13.3 | 6.2 | -1.0 | 12.9 | 14.4 | 7.7 | 3.5 | 1.5 |
| Stock change (contribution to growth) | -0.3 | 0.1 | -0.1 | 0.3 | 0.3 | -0.5 | -1.2 | 1.2 | -0.5 | -1.3 | 1.2 | 0.7 | -1.2 | 0.0 | 0.1 | 0.1 | 0.1 |
| GROSS NATIONAL EXPENDITURE | 0.2 | 3.9 | 4.6 | 7.6 | 5.6 | 4.6 | 0.3 | 5.6 | -2.3 | -3.6 | 2.6 | 2.2 | 1.6 | 5.1 | 3.7 | 2.3 | 1.5 |
| Exports | 6.3 | 3.1 | 7.8 | 1.0 | 4.9 | -0.1 | 3.2 | 3.6 | -2.6 | 4.9 | 2.7 | 2.6 | 1.9 | 0.5 | 1.2 | 2.1 | 2.7 |
| Imports | -0.4 | 4.2 | 7.0 | 12.9 | 12.3 | 4.4 | -1.4 | 10.6 | -4.1 | -9.0 | 11.5 | 6.3 | 2.0 | 6.6 | 4.2 | 1.6 | 0.3 |
| EXPENDITURE ON GDP | 2.3 | 3.6 | 4.9 | 4.0 | 3.5 | 3.3 | 1.7 | 3.6 | -1.9 | 0.9 | 0.3 | 1.1 | 1.7 | 3.0 | 2.5 | 2.4 | 2.4 |
| GDP (production measure) | 2.5 | 3.8 | 4.6 | 4.2 | 3.6 | 3.3 | 2.2 | 2.5 | -1.3 | -1.3 | 1.6 | 1.6 | 2.3 | 2.9 | 2.5 | 2.4 | 2.4 |
| - annual % change | 0.7 | 5.0 | 4.0 | 5.2 | 2.3 | 3.1 | 2.9 | 1.4 | -3.1 | 1.2 | 1.1 | 2.3 | 2.1 | 3.0 | 2.5 | 2.4 | 2.4 |
| Real GDP per capita | 1.9 | 3.1 | 3.0 | 2.2 | 2.0 | 2.1 | 1.0 | 1.4 | -2.3 | -2.3 | 0.4 | 0.7 | 1.5 | 2.1 | 1.6 | 1.4 | 1.4 |
| Nominal GDP (expenditure basis) | 5.7 | 7.5 | 5.2 | 6.9 | 7.1 | 5.6 | 5.0 | 8.4 | 0.8 | 1.5 | 4.7 | 3.4 | 3.6 | 5.9 | 4.7 | 4.1 | 4.1 |
| GDP deflator | 3.3 | 3.8 | 0.3 | 2.8 | 3.5 | 2.2 | 3.3 | 4.7 | 2.7 | 0.5 | 4.5 | 2.3 | 1.9 | 2.8 | 2.1 | 1.7 | 1.7 |
| Output gap (% deviation, March year average) | -0.9 | -0.7 | 0.2 | 0.7 | 1.1 | 1.6 | 1.5 | 2.1 | -0.4 | -2.6 | -2.2 | -2.0 | -1.6 | -0.7 | -0.4 | -0.3 | -0.1 |
| Employment | 2.0 | 2.9 | 2.8 | 3.0 | 3.6 | 2.8 | 2.2 | 1.3 | 0.9 | -1.3 | 1.2 | 1.4 | 0.2 | 1.7 | 1.9 | 1.4 | 1.4 |
| Unemployment (% March quarter s.a.) | 5.5 | 5.3 | 5.0 | 4.3 | 3.9 | 4.0 | 3.9 | 3.9 | 5.1 | 6.1 | 6.5 | 6.7 | 6.9 | 6.2 | 5.9 | 5.6 | 5.1 |
| Wages (average ordinary-time hourly, ann % change) | 3.2 | 3.7 | 2.3 | 3.5 | 3.6 | 5.3 | 4.6 | 4.7 | 5.5 | 1.0 | 2.6 | 3.8 | 2.1 | 2.4 | 2.7 | 2.6 | 2.6 |
| CPI inflation (ann % change) | 3.1 | 2.6 | 2.5 | 1.5 | 2.8 | 3.3 | 2.5 | 3.4 | 3.0 | 2.0 | 4.5 | 1.6 | 1.5 | 1.9 | 2.2 | 2.2 | 2.2 |
| Merchandise terms of trade (SNA basis) | 3.5 | 3.8 | -5.5 | 4.4 | 3.4 | -1.9 | -1.2 | 8.4 | 0.0 | -7.6 | 10.2 | 1.2 | -2.6 | 5.2 | 1.2 | 0.8 | 0.9 |
| Current account balance - $billion | -4.5 | -3.6 | -4.2 | -6.2 | -9.5 | -14.0 | -13.5 | -14.6 | -14.6 | -3.4 | -7.2 | -9.1 | -10.7 | -10.2 | -12.9 | -15.1 | -16.3 |
| Current account balance - % of GDP | -3.8 | -2.9 | -3.1 | -4.4 | -6.2 | -8.7 | -8.0 | -8.0 | -7.9 | -1.8 | -3.7 | -4.5 | -5.1 | -4.6 | -5.5 | -6.2 | -6.5 |
| TWI (March quarter) | 50.5 | 51.6 | 60.6 | 66.9 | 69.6 | 68.3 | 68.8 | 71.9 | 53.7 | 65.3 | 67.2 | 72.5 | 73.0 | 72.8 | 70.6 | 67.3 | 63.2 |
| 90-day bank bill rate (March quarter) | 6.4 | 5.0 | 5.8 | 5.5 | 6.9 | 7.6 | 7.8 | 8.8 | 3.7 | 2.7 | 3.0 | 2.7 | 2.7 | 3.1 | 4.1 | 4.6 | 4.8 |
| 10-year bond rate (March quarter) | 6.0 | 6.7 | 6.0 | 5.9 | 6.0 | 5.7 | 5.9 | 6.4 | 4.6 | 5.9 | 5.6 | 4.0 | 3.6 | 3.6 | 4.5 | 5.0 | 5.2 |
Data for 2013 and subsequently are forecasts. Data for 2012 and prior years are those that were available on 19 November when the forecasts were finalised.
