New Zealand Economy

NZ GDP per capita lower in Q4, but income rises

Leith van Onselen
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By Leith van Onselen

Statistics New Zealand has today released national accounts figures for the December quarter of 2016, with Gross domestic product (GDP) rising by 0.4% over the quarter to be up 3.1% year-on-year. However, GDP per capita fell by 0.2% in the December quarter to be up 0.9% year-on-year.

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Services drove the growth in real GDP, whereas agriculture and manufacturing contracted:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.