National saving (M6)
This data, sourced from Stats NZ, shows the savings made by different sectors of industry, the Government and by households. Saving is defined as income less expenditure and consumption of fixed capital.
|Gross domestic product ($m)||Saving ($m)|
|Date||Production-based||Expenditure-based||National||General government||Households||Household saving rate (%)|
The data: coverage, periodicity and timeliness
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
- non-profit institutions serving households
- rest of the world.
Important economic indicators can be derived from the sector accounts such as saving.
Annual (for the year ended March).
We release the annual national accounts in November.
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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 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.
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.
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.
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).
Symbols and conventions for summary table
|Symbol or convention||Definition|
|0||Zero or value rounded to zero|
|Light grey background||Historical|
- Individual figures may not sum to the totals due to rounding
- Percentage changes are calculated on unrounded numbers
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View other related Economic Indicators tables.