Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

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 (%)
2016 255,397 255,398 17,022 4,579 -2,484 -1.8
2017 271,357 271,357 18,034 8,487 -2,711 -1.8
2018 290,724 290,724 20,145 10,203 -3,275 -2.0
2019 306,173 306,173 16,344 8,492 -2,177 -1.3
2020 323,075 323,075 24,196 5,500 2,599 1.4
2021 327,992 327,992 19,829 -17,125 15,107 7.6
2022 358,602 358,602 16,123 -6,154 5,547 2.7

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.


Annual (for the year ended March).


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


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.


Dissemination of documentation on methodology and sources used in preparing statistics

We sourced data 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


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.


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.