National accounts (industry production and investment)
The National accounts (industry production and
investment) release contains a full reconciled set of
detailed industry data on production, investment, and
capital stock. It is used to update and maintain the quality
of quarterly GDP statistics.
Key facts
Industry benchmark data is now available up to 2018 and will be used to maintain the quality of quarterly GDP statistics.
In the year ended March 2018,
compared with the year ended March 2017:
• The total
size of the New Zealand economy was $289 billion, in nominal
terms, an increase of $18.7 billion.
• Total
investment in the New Zealand economy was $67 billion, up
from $61 billion.
Over the last 40 years:
• Service
industries increased their contribution to total GDP to 65
percent (from 54 percent in 1978). Over the same period,
goods-producing industries decreased their contribution to
19 percent (down from 34 percent), and primary industries
contributed 7 percent in 2018 (down from 11 percent).
• Taxes on production increased in contribution to 9
percent (up from 1 percent in 1978). This rise was mainly
due to the introduction of the goods and services tax (GST)
in 1986 at 10 percent, and later increases to 15 percent.
• Service industries increased their share of total
investment to 80 percent (up from 61 percent in 1978). Over
the same period, goods-producing industries decreased their
share to 14 percent (down from 25 percent), and primary
industries to 6 percent (down from 14 percent).