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Half Year Economic and Fiscal Update 2014

Detailed Economic Forecast Information

This section includes a series of tables to provide additional detail on the economic forecasts presented in the Half Year Update.

The economic numbers and forecasts in this document pre-date the release of annual national accounts data for the March 2014 year by Statistics New Zealand on 21 November 2014. These new data incorporated revisions and measurement changes which resulted in GDP in current prices for the March 2014 year being revised higher by $5.1 billion (2.2%). The revised data will be fully incorporated into the 2015 Budget Update.

To reflect best practice, however, the revised nominal GDP data have been used in the calculation of the fiscal ratios to GDP (eg, tax-to-GDP).

Table 1 Real Gross Domestic Product

Table 2 Consumers Price Index and Exchange Rates

Table 3 Expenditure onGross Domestic Product and Gross Domestic Product (income) in current prices

Table 4 Labour Market Indicators

Table 5 Exports - SNA basis

Table 6 Imports - SNA basis

Table 7 Balance of Payments - Current Account

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