National saving (year ended March) - M6

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

The national accounts statistics provide production, income and outlay, and capital accounts for the nation and the six sectors of the economy

• producer enterprises
• financial intermediaries
• government
• non-profit institutions serving households
• households
• rest of the world

Important economic indicators can be derived from the sector accounts such as saving.

Periodicity

Annual (for the year ended March)

Timeliness

The annual national accounts are released in November.

Access by the public

Statistics release calendar

The Statistics Release Calendar is updated monthly and provides releases dates up to six-months ahead.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

The data has been reproduced with the permission of Statistics New Zealand.

Provision of information about revisions and advance notice of major changes in methodology

Revisions are generally published when a table is next due to be updated and released. New or revised data is in bold font.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

Data is sourced from Statistics New Zealand.

• National accounts (income and expenditure)

Gross domestic product (production based)

The production approach to GDP measures the total value of goods and services produced in New Zealand, after deducting the cost of goods and services used in the production process. This is also known as the value-added approach.

Net saving

Corporations – net saving is equal to the gross income receivable by corporations less income payable and consumption of fixed capital. Income receivable by corporations includes gross operating surplus, property income, and current transfers.

General government – net saving is the surplus of general government gross income over current use of income. Current use of income includes final consumption expenditure and current transfers.

Households – net saving is equal to gross household disposable income less household final consumption expenditure and consumption of fixed capital. Household saving is estimated as the balancing item in the household income account.

Institutional sector

The five broad economic sectors that make up the total economy, as classified under New Zealand Standard Institutional Sector Classification (NZISC):

• producer enterprises (sector 1)
• financial intermediaries (sector 2)
• general government (sector 3)
• private non-profit organisations serving households (sector 4)
• the household sector (sector 5).