Stats NZ

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

The National accounts (industry production and investment) release contains a full reconciled set of detailed industry data on production, investment, and capital stock. It is used to update and maintain the quality of quarterly GDP statistics.

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).

Which industries contributed to New Zealand’s GDP? visually presents the changing structure of the economy from 1972.

Created with Highcharts 5.0.14PercentSee metadata tab for notes about this graph.Percent contributions to nominal GDP by broad industry, year ended March 1972–2020Taxes (%)Primary industries (%)Goods-producing industries (%)Service industries (%)19721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920200255075100125Stats NZ

Percent contributions to nominal GDP by broad industry, year ended March 1972–2020

Created with Highcharts 5.0.14PercentPercent contributions to nominal GDP by broad industry, year ended March 1972–2020Taxes (%)Primary industries (%)Goods-producing industries (%)Service industries (%)19721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920200255075100125Stats NZ
YearTaxes (%)Primary industries (%)Goods-producing industries (%)Service industries (%)
19721.26914660812.1225382934.7483588651.87454413
19731.29573170713.8719512233.6636178951.20680894
19741.55417889412.466036333.3115965752.67905662
19751.592482698.95153313635.4203758754.03560831
19761.25570776310.7218124333.5616438454.46961714
19771.24606130111.9593239834.1377828752.65683185
19781.10592597310.9314070234.2006009153.7620661
19791.07163000610.1015228434.0157924454.79977439
19801.15964437612.2680711333.78913852.78797835
19811.11267956510.9399651333.6170389454.33861995
19821.3366066569.57446808534.9768139754.10870158
19831.2448007728.48152390135.6320453354.63861595
19841.3355321858.64040660734.802238555.22452621
19851.6393442629.68529376634.4501615454.22520043
19861.3223071988.94733569632.0421148657.68824224
19873.8634755757.31627353230.0415854258.78039101
19886.8038265787.49831360827.3762801358.32464586
19895.8799207277.7633773926.5166745159.83860159
19906.9395785057.97040909826.5037999358.58621247
19917.1393855017.58600759324.9359622760.34127182
19927.0596443198.36942356624.506693760.06555478
19937.0709133858.2376970724.437352460.25148401
19947.0540939998.70115282324.587644159.65119716
19957.384105967.71964679925.3278145759.56843267
19967.3932831797.57201047424.6030591560.42956898
19977.4598668667.67252549423.8256792761.04291748
19987.3310117837.26899775823.6216190461.77932548
19996.9758298547.01514612622.7416546563.26456106
20006.9628805347.33292707723.0011746162.70213461
20016.8458515188.90611570522.4367693361.81126345
20026.7903536589.08695381922.0049412662.11775126
20037.0823562486.94550269622.7650335563.20636776
20047.1071680676.64489072822.3415592963.90568989
20057.1914285166.35744278922.5609637763.89081192
20067.2328568715.62241848122.8370474564.30644973
20077.688774686.17660054421.8029813364.33106207
20087.5576007248.09918949220.9387538663.40445592
20097.4142318627.25056228421.0056703664.3295355
20107.3013324287.87671056619.2782555465.54318681
20117.8375347948.64602492419.1165622564.39840269
20128.3675624938.16523882219.1137190564.35488792
20138.4574392277.23760741919.2032700565.10260289
20148.2472411118.57113401218.7505638164.43149064
20158.3112869336.25334816819.9006881865.53344048
20168.4127046295.40338372420.2287146665.95441372
20178.6562883616.4684393119.1793446465.69666496
20188.4892229826.88883234119.4852890665.13699949
20198.3753635826.62951682419.3525219865.64292407
20208.377087796.53029475219.5201980565.57303676

Percent contributions to nominal GDP by broad industry, year ended March 1972–2020

GDP production measure: total market value of goods and services produced in New Zealand, minus the cost of goods and services used in the production process.

Goods-producing industries: manufacturing; electricity, gas, water, and waste services; and construction industries.

Primary industries: agriculture, forestry, fishing, and mining industries.

Service industries: wholesale trade; accommodation and food services; retail trade; transport, postal, and warehousing; information, media, and telecommunications; finance and insurance services; rental, hiring, and real estate services; professional, scientific, technical, and admin support services; government administration; health; education; and other service industries.

Taxes: includes GST, import duties, and stamp duties.

More data

This release contains revisions arising from new and more-up-to-date information. 

Revisions – DataInfo+ shows and explains these revisions. 

Use Infoshare to access national accounts time series.

Subject category: Economic indicators
Group: National accounts

ISSN 2537-8023

Next release

National accounts (Industry production and investment): Year ended March 2021 will be released in November 2022.

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