Gross Domestic Product (GDP)

Why is this important?

Gross Domestic Product (GDP) is New Zealand’s official measure of economic growth, calculating the value added from all economic activity.  Production of goods and services nationally is measured against purchases and exports of goods and services (with deductions for imports), to derive the final figure.

Key points

  • Gross Domestic Product (GDP) remains at a high level in Christchurch and Canterbury, and continues to grow, albeit at a modest rate compared to recent highs.
  • Estimates from Infometrics indicate that GDP in Christchurch grew by 1.4 percent in the year to March 2018, reaching $20.6 billion. Canterbury grew by 1.2 percent, reaching $30.3 billion. The national economy is strong, growing 2.7 percent over the same period.

 

Note this is an interactive chart and you can click on the legend items to change what is shown on the graph.

Commentary 

The value of economic output in Christchurch represents 8.5 percent of New Zealand GDP, down slightly from 8.6 percent in the year to March 2017. Output from Canterbury overall reached 12.5 percent of national output, down from 12.6 percent in the year to March 2017.

The preceding period of strong growth (2012-2015) was largely due to the rebuild. Construction activity has now tapered off to a sustained level, while the underlying economy begins to take control.

Note: this information is adapted from the Christchurch and Canterbury Economic Report (December quarter). Reproduced with permission.

Data notes

The national accounts record all types of transactions. They do so for the economy as a whole, and for certain groups or sectors within it. This provides information on economic activities such as:

  • the production of goods and services and the costs involved in producing them;
  • the incomes earned by various groups within the economy, and what they do with them;
  • the economic relationship with the rest of the world.

The main outputs are:

  • gross domestic product (GDP) – the measure of the value added from all economic activity in New Zealand.
  • real gross national disposable income – the net income of New Zealand residents from both domestic and overseas sources after taking into account income redistribution by way of international transfers, or gross national income plus net international transfers. The real gross national disposable income statistics are published with the quarterly GDP information release.
  • government sector statistics – a measure of the financial performance of central and local government operations. Notes from Statistics New Zealand(external link).

Data information and downloads

Data Source

Household Labour Force Survey, Statistics New Zealand. Tailored data for ChristchurchNZ, Christchurch and Canterbury Economic Report(external link).

Data Access

Report freely available, tables on request

Date updated

Quarterly (to Dec 2017)

Data downloads

Geographic  Area

Christchurch, Canterbury and New Zealand

Other download variables

None

Data Table Download

Download tables here [XLS, 52 KB]

Links to other information and reports