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New Zealand Economic and Financial Overview 2010

Selected Statistical and Financial Data

Statistical Data
  (dollar amounts in millions)
  2005 2006 2007 2008 2009
Gross Domestic Product at Current Prices (1)(2) 151,701 160,273 168,328 181,259 84,802
Annual average % change in Real GDP (1)(2)(3) 3.7 3.2 0.9 2.9 (1.4)
Population (thousands) (4) 4,134 4,185 4,228 4,269 4,316
Unemployment Rate (5) 3.8 3.7 3.7 4.0 6.0
Change in Consumer Price Index (6) 2.8 4.0 2.0 4.0 1.9
Exchange Rate (7) 0.7085 0.6190 0.7559 0.7607 0.6374
90-Day Bank Bill Rate (8) 7.03 7.47 8.32 8.68 2.78
10 Year Government Loan Stock Rate (8) 5.71 5.84 6.72 6.42 5.98
Terms of Trade Index (2)(9) 1,091 1,097 1,122 1,242 1,185
Current Account Deficit as a % of GDP (1)(2) (6.7%) (9.0%) (8.0%) (7.8%) (7.9%)
Government Finance (10)
  (dollar amounts in millions)
Year ended 30 June
  2004/05 2005/06 2006/07 2007/08 2008/09 2009/10(11)
Total Revenue 65,367 71,425 74,589 81,479 79,928 75,972
Total Expenses 58,292 64,334 68,729 75,842 83,821 83,437
OBEGAL (12) 7,075 7,091 5,860 5,637 (3,893) (7,465)
Gains/(Losses) (1,144) 2,451 2,162 (3,253) (6.612) 2,671
Operating Balance 5,931 9,542 8,022 2,384 (10,505) (4,794)
% of GDP 3.9% 6.1% 4.8% 1.3% (5.8%) (2.6)
Net Worth 54,240 83,971 96,827 105,514 99,515 94,809
Net Direct Domestic Borrowing (662) (1,221) (3,917) 1,721 8,454 -
Net Direct Overseas Borrowing 559 (16) 312 (1,296) 717 -
Direct Public Debt
 
(dollar amounts in millions)
Year ended 30 June
 
2004/05 2005/06 2006/07 2007/08 2008/09 2009/10(11)
Internal Funded Debt 26,555.3 25,346.9 26,860.4 28,210.4 29,614.5 -
Internal Floating Debt 5,595.0 5,057.0 2,303.4 1,655.0 7,505.0 -
External Debt 3,931.3 5,116.4 2,048.0 2,048.5 4,718.7 -
Total Direct Public Debt 36,081.6 35,520.3 31,211.4 31,913.9 41,298.2 -

(1) Year ended 31 March.

(2) 2009 data provisional. Prior years’ data revised.

(3) Production based – chain volume series expressed in 1995/96 prices.

(4) June year resident population estimate.

(5) June quarter, seasonally adjusted.

(6) Annual percentage change, June quarter.

(7) US$ per NZ$ monthly average for June.

(8) June monthly average.

(9) Year ended 30 June. Base: June quarter 2002 = 1,000.

(10) This table is prepared in accordance with New Zealand Generally Accepted Accounting Practice (GAAP).

(11) Half-Year Economic and Fiscal Update published 17 December 2009.

(12) Operating Balance Excluding Gains and Losses. The OBEGAL is the operating balance excluding gains and losses on assets and liabilities of institutions such as the Accident Compensation Corporation, Earthquake Commission and the Government Superannuation Fund.

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