New Zealand Economy

NZ GDP per capita lower in Q4, but income rises

Leith van Onselen
Thursday 16 March 2017
Advertisement

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.

ScreenHunter_17966 Mar. 16 09.15

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

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.