National Accounts: September 2024 Quarter

This is our experimental section. The data used here is provisional and may be subject to more updates than other releases.

We have developed experimental quarterly estimates for institutional sector accounts and balance sheets, to provide more timely data on New Zealand's economy. We have published these experimental estimates on a quarterly basis since the first release for the March 2021 quarter.

The quarterly income measure of gross domestic product (GDPI), along with total economy compensation of employees, gross operating surplus and gross mixed income, taxes on production and imports, and subsidies became official in the December 2023 quarter and were most recently published in Gross domestic product: September 2024 quarter on 19 December 2024.

These previously published measures are also included in Table 1.1 (Consolidated accounts of the nation, gross domestic product and expenditure account) of the consolidated accounts tables in this release, in actual and seasonally adjusted terms. All other series in the consolidated accounts tables of this release remain as previously published.

Key facts

Quarterly income and outlay accounts

In the September 2024 quarter, compared with the June 2024 quarter (in seasonally adjusted terms):

  • household saving decreased $443 million to -$1.8 billion
  • household net disposable income fell 0.2 percent ($144 million):
    • compensation of employees rose 0.3 percent ($122 million)
    • income of self-employed businesses (entrepreneurial income) received by households rose 1.9 percent ($183 million) after a fall in the previous quarter
    • income tax paid by households rose 1.2 percent ($195 million)
  • household final consumption expenditure rose 0.5 percent ($299 million)
  • non-financial business enterprises saving fell $399 million to $67 million
  • interest received by financial business enterprises fell 1.2 percent ($181 million)
  • interest paid by financial business enterprises fell 2.7 percent ($393 million).

Quarterly balance sheets

Quarterly balance sheet values are not seasonally adjusted.

In the September 2024 quarter, compared with the June 2024 quarter:

  • household net worth decreased $21.7 billion (0.9 percent), led by falls in land (down $20.0 billion) and equity and investment share assets (down $16.5 billion)
  • non-financial business enterprises net worth decreased $2.9 billion (23.9 percent)
  • central government net worth increased $765 million (0.3 percent):
    • central government total financial assets rose $13.5 billion (4.1 percent), led by rises in debt security assets and equity and investment fund shares
    • central government total financial liabilities rose $14.1 billion (5.6 percent), led by an increase in debt security liabilities.

More data

Use Infoshare to access national accounts time series.

Subject category: Economic indicators
Group: National accounts - SNA 2008

CSV files for download - the latest data from our information releases.

Definitions and metadata

Quarterly national accounts (income, saving, assets, and liabilities) - data collection and methodology - DataInfo+ provides the data sources and general methodology used to produce these statistics.

Quarterly national accounts (income, saving, assets, and liabilities) - concepts - DataInfo+ provides the definitions of terms used in this release.

Quarterly national accounts (income, saving, assets, and liabilities): September 2024 quarter - changes and data updates - DataInfo+ has details of data updates for this release.

Technical enquiries

Lindsay Beck
04 931 4600
[email protected]

Next release

National accounts (income, saving, assets, and liabilities): December 2024 quarter will be released on 3 April 2025.

/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.