gdp tagged posts
October 6, 2015 New Zealand Finance
Weakening economic conditions in New Zealand and around the world have led to a slow down in economic growth over the course of 2015.
Economic growth in New Zealand over the June quarter has been lower than expected, with GDP growth only reaching 0.4 percent, according to a new statement issued on October 6th by the Treasury of New Zealand.
The weak GDP growth has been attributed to a slow-down in underlying economic activity, being further reflected in rising unemployment rates and weak levels of inflation in non-tradables.
The 0.4 percent GDP growth follows a GDP growth of only 0.2 percent in the March quarter.
Looking forward to the rest of 2015, the Treasury expects that over the rest of the year the GDP growth will be approximately 0...Read More
March 23, 2012 New Zealand Finance
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 0.3 percent during the December quarter of 2011. Analysis completed by Statistics New Zealand also indicates that the level of economic activity during the quarter was nearly 1.8 percent higher compared to the same period in 2010.
The newly released report shows that the agriculture industry experience...Read More
February 20, 2012 New Zealand Finance
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 to the Governor, if consistent methods of measuring GDP were used across all OECD countries then the perceived economic gap between New Zealand and Australia would be significantly smaller...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 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 to several delays by the Government in its capital expenditures.
The tax revenue for the period was also NZD 243 million above projections...Read More