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New Zealand Economic and Financial Overview 2015

Selected Statistical and Financial Data

Table 2 - Statistical Data
Statistical Data
(dollar amounts in millions)
2010 2011 2012 2013 2014
Gross Domestic Product at Current Prices (1)(2) 192,855 201,630 210,300 215,735 230,498
Annual % Increase (Decrease) in Real GDP (1)(2)(3) (0.3) 1.4 2.2 2.2 2.5
Population (4) 4,342 4,379 4,404 4,435 4,494
Unemployment Rate (5) 6.3 6.4 7.1 6.1 5.4
Change in Consumer Price Index (6) 4.0 1.8 0.9 1.6 0.8
Exchange Rate (7) 0.7578 0.7768 0.8236 0.8281 0.7822
90-Day Bank Bill Rate (8) 3.18 2.71 2.64 2.69 3.67
10 Year Government Loan Stock Rate (8) 5.47 4.20 3.51 4.71 3.95
Terms of Trade Index (2)(9) 1246 1288 1170 1355 1352
Current Account Deficit as a % of GDP (2)(10) (2.4) (3.3) (3.7) (3.9) (2.6)

Source: Statistics New Zealand

Table 3 - Government Finance(11)
Year ended 30 June
(dollar amounts in millions)
2009/10 2010/11 2011/12 2012/13 2013/14 2014/15(12)
Total Revenue 74,725 81,563 83,483 86,655 89,396 94,300
Total Expenses 81,040 99,959 92,723 91,007 92,170 94,517
OBEGAL(13) (6,315) (18,369) (9,240) (4,414) (2,933) (572)
Gains/(Losses) 1,806 5,036 (5,657) 11,339 5,741 2,472
Operating Balance (4,509) (13,360) (14,897) 6,925 2,808 1,900
Operating Balance % of GDP (2.3%) (6.6%) (7.0%) 3.2% 1.2% 0.6%
Total Assets 223,355 245,215 240,318 244,416 256,083 259,923
Total Liabilities 128,367 164,328 180,538 174,405 175,304 177,363
Minority interests 402 308 432 1,940 5,211 5,184
Net Worth 94.586 80,579 59,348 68,071 75,568 77,376
Net Direct Domestic Borrowing 8,016 18,362 8,557 76 4,764 -
Net Direct Overseas Borrowing 409 787 (1,450) (1,010) 278 -

Source: The Treasury

Table 4 - Direct Public Debt
Year ended 30 June
(dollar amounts in millions)
2009/10 2010/11 2011/12 2012/13 2013/14 2014/15
Internal Funded Debt 38,575.5 60,519.9 64,006.2 67,587.3 73,121.6 -
Internal Floating Debt 8,065.0 7,326.0 10,081.0 4,735.0 3,800 -
External Debt 2,197.2 214.0 (308.5) (1222.5) (342.7) -
Total Direct Public Debt 48,837.7 68,059.9 73,078.7 71,099.8 76,598.9 -

Source: The Treasury

1) Year ended 31 March.

2) 2014 data provisional. Prior years' data revised.

3) Production based - chain volume series expressed in 2009/10 prices.

4) September year resident population estimate.

5) September quarter, seasonally adjusted.

6) Annual percentage change, December quarter.

7) US$ per NZ$ December quarter average.

8) December quarterly average.

9) Year ended 30 September. Base: June quarter 2002 = 1000.

10) Year ended 30 September.

11) Financial Statements of the Government of New Zealand for the Year Ended 30 June 2014

12) Half-Year Update announced 16 December 2014.

13) Operating Balance Excluding Gains and Losses (OBEGAL). 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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