The level of economic activity seen in New Zealand’s over the last year increased, but not by as much as the government had forecast. On March 22nd Statistics New Zealand released the latest quarterly report on the Gross Domestic Product (GDP) of New Zealand, which showed mild levels of economic growth throughout 2011. According to [...]

The level of economic activity seen in New Zealand’s over the last year increased, but not by as much as the government had forecast. On March 22nd Statistics New Zealand released the latest quarterly report on the Gross Domestic Product (GDP) of New Zealand, which showed mild levels of economic growth throughout 2011. According to Statistics New Zealand, the national GDP level rose by 1.4 percent over the year ended December 2011, and the level of economic activity in New Zealand grew by ... Read More

New Zealand’s GDP could be calculated to be as much as 10 percent higher than it currently is, if valuations methods were in sync with those used in Australia. In a speech given at the Trans Tasman Business Circle on February 17th the Governor of the Reserve Bank of New Zealand Alan Bollard said that [...]

New Zealand’s GDP could be calculated to be as much as 10 percent higher than it currently is, if valuations methods were in sync with those used in Australia. In a speech given at the Trans Tasman Business Circle on February 17th the Governor of the Reserve Bank of New Zealand Alan Bollard said that the New Zealand GDP per capita could be much higher if it was calculated using a different methodologies and took into account more aspects of the economy. According ... Read More

The New Zealand Budget cash deficit was below previously forecasted levels, for the 11 months ended May 31st. On July 12th the New Zealand Treasury Department released a statement revealing the country’s latest financial figures. According to the release, the total cash deficit for the period totaled NZD 7.73 billion, approximately NZD 86 million better [...]

The New Zealand Budget cash deficit was below previously forecasted levels, for the 11 months ended May 31st. On July 12th the New Zealand Treasury Department released a statement revealing the country’s latest financial figures. According to the release, the total cash deficit for the period totaled NZD 7.73 billion, approximately NZD 86 million better than forecasted in the national budget. Excluding gains and losses the deficit was NZD 4.7 billion, an estimated NZD 1.1 billion below forecasts. The improvement has been attributed ... Read More

The New Zealand Government has reported a fourth quarter of Gross Domestic Product (GDP) growth for the economy, but emphases the need to ensure sustainability. On June 24th the New Zealand Government released a statement announcing a GDP growth figure of 0.6 percent for the March quarter. Additionally, the Government revised its growth estimates for [...]

The New Zealand Government has reported a fourth quarter of Gross Domestic Product (GDP) growth for the economy, but emphases the need to ensure sustainability. On June 24th the New Zealand Government released a statement announcing a GDP growth figure of 0.6 percent for the March quarter. Additionally, the Government revised its growth estimates for the December quarter, from 0.8 percent to 0.9 percent. Bill English, Finance Minister of New Zealand, commented on the economic results, saying, "The continuing recovery is good news. ... Read More