Economic Fact File on New Zealand Economy

1Real GDP, SNZ 2Growth in real GDP per capita, SNZ 3Real average weekly earnings, SNZ 4Labour productivity growth, SNZ 5Unemployment rate, SNZ 6Inflation, SNZ 7Balance of payments, SNZ 8Annual saving and accumulated net worth 8A National Saving, SNZ 8B Household net worth, RBNZ 9Government spending 9A - Core Crown expenses, NZ Treasury 9B - Total government outlays, OECD 10Crown operating balance, NZ Treasury 11Net migration from New Zealand to Australia, SNZ 12NZ competitiveness: relative unit labour costs, OECD 13External trade ratios to real GDP SNZ Table of Contents Part A: New Zealand Statistical Series

Part B: International Comparisons 1GDP capita in OECD countries 2006 OECD 2NZ GDP per capita relative to the OECD OECD Part C: Other analyses 1 Click here for ‘OECD ladder too steep for NZ to climb’, National Business Review BR October 2008Click here for ‘OECD ladder too steep for NZ to climb’, National Business Review BR October Click here for ‘New Zealand’s economic growth prospects: Too much snake oil’, NZIER, November Trans Tasman per capita incomes, 2007SNZ & Australian Bureau of Statistics 4 Real GDP per capita growth rates Australia and NZ, IMF 5 United Nations Human Development Index, 2005United Nations 6 Country scores for Economic FreedomHeritage Foundation/Wall St Journal 7 Global Competitiveness scores World Economic Forum 8 Burden of government indicators, 2008 World Economic Forum

(a) New Zealand in the World 3Click here for the United Nations Human Development Index Click here for the IMF World Economic Outlook October Click here for the World Bank World Development Indicators Click here for the World Bank Doing Business Click here for the Economist Intelligence Unit Quality of Life Index 8Click here for Global Competitiveness explained by Wikipedia 9Click here for the World Economic Forum Global Competitiveness Report Click here for Economic Freedom explained by Wikipedia 11Click here for the Heritage-Wall St Journal Index of Economic Freedom Click here for the Economic Freedom of the World Fraser Institute (b) New Zealand in the OECD 13Click here for OECD in Figures Click here for OECD Factbook Click here for OECD Statistical Annex Economic Outlook June Click here for OECD Compendium of Productivity Measures 17Click here for Statistics New Zealand New Zealand in the OECD (c) Other New Zealand sources 18Click here for Statistics New Zealand datasets 19Click here for the Treasury-MED Economic Development Indicators Click here for the Pre-Election Click here for the Pre-Election Economic and Fiscal Update Click here for Treasury's Fiscal Strategy Model Forecasts for the Pre-Election Click here for Treasury's Fiscal Strategy Model Forecasts for the Pre-Election Economic and Fiscal Update Click here for the table of contents for the Reserve Bank's Economic Indicators 23Click here for 9 key graphs on the Reserve Bank's website Part D: Links

Part A: New Zealand Statistical Series

Source: Statistics New Zealand, series SNBA.S2AZAT linked to SNCA.S1RB01 at 1988 Figure 1: Real Gross Domestic Product (GDP)

Annual percentage change 3 year mov avg (annual percentage change) Source: Statistics New Zealand, Table E.1.2 in long-term series (col AK) linked at 1988 to SNCA.S6RB01NZ Figure 2: Growth in Real GDP Per Capita Years Ended March

Source: Statistics New Zealand, EESQ.SBAZ9Z & CPIQ.SE9A Figure 3: Real Average Weekly Earnings (full-time equivalent basis)

Figure 4: Labour Productivity Growth Source: Statistics New Zealand, measured sector, S1LMSI Years Ended March

Statistics New Zealand: Household Labour Force Survey: HLFQ.S1F3S Figure 5: Unemployment Rate (seasonally adjusted) Sept % % % % % % %

Figure 6: Consumer Price Inflation and Inflation Expectations Source: Statistics New Zealand, CPIQ.SE9A & Reserve Bank of NZ Survey

Source: Statistics New Zealand: BoP BOPA.S5AC3, GDP (E) SNCA.S1NB15 Figure 7: Balance of Payments: Current Account Balance as a Percent of GDP Years Ended March

Figure 8A: National Savings as a Percent of GDP Source: Statistics New Zealand: Savings SNCA.S2NB08Z; GDP (E) SNCA.S1NB15 Percent of nominal GDP Years Ended March

Source: Reserve Bank of New Zealand, table 2 in household financial assets and liabilities: annual series 1978 to December values for net worth. Figure 8B: Household Net Worth as a Percent of Net Disposable Income Source: Reserve Bank of New Zealand, table 2 in household financial assets and liabilities: annual series 1978 to 2007

Source: New Zealand Treasury, fiscaltimeseries linked to Medium Term Fiscal Strategy Pre-Election Update 2008 Forecast Actuals IFRS Figure 9A: Core Crown Expenses GAAP Years Ended June Percent of nominal GDP

Figure 9B: New Zealand General Government Total Outlays (includes local government spending and capital outlays) % % % % % % % % % Source: OECD: Economic Outlook No 83, June 2008

Forecast Actual GAAP series Source: New Zealand Treasury, fiscaltimeseries linked to Medium Term Fiscal Strategy Pre-Election Update 2008 Figure 10: Total Crown balance as a percentage of GDP Operating Balances before Gains and Losses ( ) IFRS series Percent of nominal GDP Years Ended June

Source: Statistics New Zealand, EMIM.S1DEA & EMIM.S2DEA Figure 11: Net Permanent & Long-term Loss to Australia Years Ended September The cumulative net outflow during these 30 years is 495,883

Figure 12: New Zealand Competitiveness: Relative Unit Labour Costs (an increase in this index is a reduction in competitiveness) Source: OECD, Economic Outlook, No 83, June 2008, annex table 43

Figure 13: External Trade Ratios to Real GDP Source: Statistics New Zealand, SNCQ.S4RP60, SNCQ.S4RP61 & SNCQ.S1RB15

Part B: International Comparisons

Figure 1: GDP Per Capita in OECD Countries 2006 Source: OECD in Figures 2007

Figure 2: New Zealand GDP per Capita Relative to the Member Countries of the OECD Source: OECD Fact Book 2008, current prices, US dollars converted using purchasing power parity exchange rates

Figure 3: Trans Tasman Per Capita Incomes 2007

Figure 4: Real GDP Per Capita Growth Rates (in home currencies) Source: IMF World Economic Outlook October 2008

Figure 5: United Nations Human Development Index 2005 (Top 40 countries) (encompasses longevity, health, knowledge and GDP per capita) Source: United Nations Source: United Nations

Figure 6: Country Scores for Economic Freedom Source: Heritage - Wall Street Journal 2008 Report

Figure 7: Global Competitiveness Scores (Top 30 countries) Source: World Economic Forum, Global Competitiveness Report Units: 7= best possible score, 1 = worst possible score

Figure 8: Burden of Government Source: World Economic Forum, Global Competitiveness Report