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.
Data files
| Gross domestic product ($m) | Saving ($m) | |||||
|---|---|---|---|---|---|---|
| Date | Production-based | Expenditure-based | National | General government | Households | Household saving rate (%) |
| 2016 | 255,340 | 255,340 | 16,970 | 4,533 | -1,077 | -0.8 |
| 2017 | 271,271 | 271,271 | 17,983 | 8,401 | -634 | -0.4 |
| 2018 | 290,709 | 290,709 | 20,272 | 10,087 | -819 | -0.5 |
| 2019 | 306,231 | 306,231 | 16,407 | 8,342 | 604 | 0.3 |
| 2020 | 323,447 | 323,447 | 24,385 | 5,320 | 4,929 | 2.6 |
| 2021 | 327,795 | 327,795 | 20,036 | -17,634 | 17,839 | 8.9 |
| 2022 | 361,299 | 357,338 | 19,476 | -6,599 | 6,929 | 3.3 |
2022 National Accounts release
18 November 2022
The release of the National saving (M6) table on 18 November 2022 includes revised data up until March 2021. Data for 2022 will be available from 19 January 2023.
For more information see National accounts (income and expenditure): Year ended March 2022
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
We release the annual national accounts in November.
Access by the public
Statistics release calendar
The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar on the first working day of the month.
View the statistics release calendar
Integrity
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses
We have reproduced the data with the permission of Statistics New Zealand.
Provision of information about revisions and advance notice of major changes in methodology
We generally publish revisions when we update and release a table. New or revised data is in bold font.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics
We sourced data from Statistics New Zealand.
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).
Symbols and conventions for summary table
| Symbol or convention | Definition |
|---|---|
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| Light grey background | Historical |
General notes
- Individual figures may not sum to the totals due to rounding
- Percentage changes are calculated on unrounded numbers
- You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.
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