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Source: MIL-OSI Submissions

National accounts (industry production and investment): Year ended March 2020 – information release

19 November 2021

Key facts

Industry breakdowns of production and investment data are now available up to 2020 and will be used to maintain the quality of quarterly GDP statistics.

This release includes the complete detail reflecting a reconciled set of data on industry production and investment that updates structural economic change over time.

In the year ended March 2020:

  • The total size of the New Zealand economy was $324 billion, in nominal terms. This represents an increase of $17.6 billion compared with the year ended March 2019.
  • Total investment in the New Zealand economy was $75.8 billion, up from $72.0 billion in the year ended March 2019.
  • Service industries increased their share of total GDP to 65.6 percent (up from 51.9 percent in 1972). Over the same period, goods-producing industries decreased their contribution to 19.5 percent (down from 34.7 percent); primary industries contributed 6.5 percent (down from 12.1 percent).
  • Service industries increased their share of total investment to 76.2 percent (up from 62.9 percent in 1972). Over the same period, goods-producing industries decreased their share to 18.1 percent (down from 27.8 percent), and primary industries decreased to 5.8 percent (down from 9.5 percent).

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MIL OSI