- Security Type:Rate
New Zealand Production Based Real GDP YoY SA+ Add to Watchlist
As of 12/31/2014.
Snapshot for New Zealand Production Based Real GDP YoY SA (NZNTGDPY)
- NZNTGDPY:IND 3.50
Rate Profile Information for NZNTGDPY
Real GDP is a chain-volume series expressed in 1995/96 prices. Statistics New Zealand publishes both a production- and expenditure-based GDP series. Conceptually, both series are the same. However, as each series uses independent data and estimation techniques, some differences between the alternative measures arise. The expenditure-based series has historically shown more quarterly volatility and is more likely to be subject to timing and valuation problems. For these reasons the production-based measure is the preferred measure for quarter-on-quarter and annual changes.