Improvements to gross domestic product September 2024 quarter ? updated ? Stats NZ methods paper

Improvements to gross domestic
product September 2024 quarter – updates to methods paper

6 December 2024

We have updated the 2024 annual
growth rate of central government expenditure due to the incorporation
of an additional annual data input. This has resulted in updates to 2024
annual growth rates for general government expenditure and total expenditure
on gross domestic product (GDPE) in Table 4.

The official 2024 annual growth
rates will be published in Gross domestic product: September 2024
quarter
 on 19 December 2024.

Greenhouse gas emissions (consumption-based): Year ended 2022 (provisional) ? Stats NZ information release

Source: Statistics New Zealand

Greenhouse gas emissions (consumption-based): Year ended 2022 (provisional) – information release – 6 December 2024 – Consumption-based greenhouse gas emissions statistics link the emissions from production, whether domestic or overseas, that become embodied in goods and services – including the extraction, manufacturing, and transport activities that take place throughout the entire supply chain – to the final consumer.

Emissions are reported by the domestic final consumption groups of households, government, non-profit institutions serving households, and investment in physical assets. Consumption-based emissions are often referred to as a nation’s carbon footprint. Values are in carbon dioxide equivalents (CO2-e), based on the Intergovernmental Panel on Climate Change’s Fifth Assessment Report.

Key facts

In the year ended December 2022:

  • total consumption-based emissions were 57,254 kilotonnes, down 4.4 percent from 2021 and 7.7 percent (4,777 kilotonnes) lower than pre-COVID-19 levels in 2019
  • household consumption was the largest contributor, accounting for 67 percent (38,592 kilotonnes) of total emissions
  • the carbon footprint of households decreased the most, by 1,401 kilotonnes (3.5 percent), driven by lower emissions embodied in housing and household utilities (down 16 percent, 878 kilotonnes)
  • total emissions embodied in the consumption of international tourists increased 1,717 kilotonnes, as border restrictions eased
  • emissions embodied in imports increased 1.0 percent (275 kilotonnes)
  • emissions embodied in exports was largely unchanged
  • New Zealand was a net exporter of greenhouse gas emissions in 2022, with emissions embodied in exports 79 percent greater than emissions embodied in imports
  • emissions embodied in gross fixed capital formation decreased 2.7 percent (352 kilotonnes), driven by a 3.6 percent (138 kilotonnes) decrease in emissions from residential buildings.

Visit our website to read this information release:

 

Agricultural production statistics: Year to June 2024 (provisional) – Stats NZ information release

Source: Statistics New Zealand

Agricultural production statistics: Year to June 2024 (provisional)information release – 5 December 2024 – Agricultural production statistics include results for key livestock, forestry, and arable crops.

Key facts

At 30 June 2024, the provisional number of:

  • beef cattle was 3.7 million, no change from 2023
  • sheep was 23.6 million, down 3 percent from 2023
  • dairy cattle was 5.9 million, up 1 percent from 2023.

During the year ended 30 June 2024, the provisional area of:

 

Building activity down 3.2 percent in September 2024 quarter – Stats NZ media and information release: Value of building work put in place: September 2024 quarter

Source: Statistics New Zealand

Building activity down 3.2 percent in September 2024 quarter5 December 2024 – The seasonally adjusted volume of building work in New Zealand was $7.8 billion in the September 2024 quarter, down 3.2 percent compared with the June 2024 quarter, according to figures released by Stats NZ today.

Residential building work fell 3.5 percent to $4.8 billion and non-residential building work fell 2.8 percent to $2.9 billion over the same period.

“Quarterly residential building activity reached its lowest level in four years, in seasonally adjusted terms,” economic indicators spokesperson Michael Heslop said.

Seasonally adjusted volume estimates remove the effects of price changes and typical seasonal patterns.

More people estimated to be severely housing deprived in 2023 – Stats NZ media and information release: 2023 Census severe housing deprivation (homelessness) estimates

Source: Statistics New Zealand

More people estimated to be severely housing deprived in 20234 December 2024 – At the time of the 2023 Census, at least 112,496 people (2.3 percent of the census usually resident population) were estimated to be severely housing deprived. This is an increase of around 13,000 on the 99,462 people (2.1 percent of the population) estimated for 2018, according to figures released by Stats NZ today.

Severe housing deprivation refers to people living in severely inadequate housing who don’t have the means or the option to access a private dwelling to rent or own that has all basic amenities. It includes a range of situations from living without shelter to living in uninhabitable housing.

2023 Census severe housing deprivation (homelessness) estimates has more information.

“Getting a sense of how many New Zealanders are living in severe housing deprivation is an important step towards addressing the challenge of homelessness,” principal analyst Dr Rosemary Goodyear said.

Data about people, families and households, location, and housing from 2023 Census – 50 tables released – Stats NZ media advisory

Source: Statistics New Zealand

Data about people, families and households, location, and housing from 2023 Census – 50 tables released3 December 2024 – Stats NZ today released data tables on a broad range of 2023 Census topics that provide rich insights into society in Aotearoa New Zealand.

These 50 tables allow people to explore the relationship between various census topics, geographic breakdowns, and time periods to get a broader understanding of the make-up of our cultural diversity and how we live. Historically they have been the most popular tables across all census topics.

Examples of these tables in Aotearoa Data Explorer that include data by region are:

  • heating used and tenure of household
  • industry and occupation by gender and age
  • languages spoken, ethnicity, and age
  • main means of travel to work and workplace address by age and gender
  • household crowding index by ethnicity and age.
  • 2023 Census product and release finder contains details of all tables published today, as well as other 2023 Census releases: https://www.stats.govt.nz/tools/2023-census-product-and-release-finder/

Upcoming 2023 Census releases

  • 4 December 2024: 2023 Census severe housing deprivation (homelessness) estimates.

From February 2025, topic-based releases will come out monthly. Themes include:

  • iwi affiliation and Mâori descent – February
  • ethnicity, culture, and identity – March
  • housing, families and households (including by ethnicity) – April
  • activity limitations and disability indicator – May
  • work; income; education and training; transport; relationship status; health (smoking); location and internal migration – June.

Imports of transportation services pick up – Stats NZ media and information release: International trade: September 2024 quarter

Source: Statistics New Zealand

Imports of transportation services pick up3 December 2024 – The value of imported international transportation services was $1.7 billion in the September 2024 quarter, according to data released by Stats NZ today.

Transportation services comprise expenditures for carrying goods and people into and out of New Zealand, other supporting services, as well as postal and courier services.

New Zealand spending on transportation services in the September 2024 quarter was slightly up ($11 million or 0.7 percent) compared with the September 2023 quarter. The two main components of transportation services, sea and air transportation, had contrasting movements over the same period.

Imported air transport services values were up $41 million, while sea transport was down $28 million when compared with the same quarter last year.

Sea transport services include freight and other sea transport. Air transport services include passenger (international airfares), freight, and other air transport.

Home consents down 6.9 percent in the month of October – Stats NZ media and information release: Building consents issued: October 2024

Source: Statistics New Zealand

Home consents down 6.9 percent in the month of October 2 December 2024 – There were 2,850 new homes consented in New Zealand in the month of October 2024, down 6.9 percent compared with October 2023, according to figures released by Stats NZ today.

In October 2024 1,487 multi-unit homes were consented, down 18 percent compared with October 2023.

Multi-unit homes include townhouses, apartments, retirement village units, and flats.

There were 1,363 stand-alone houses consented, up 8.6 percent compared with October 2023.

“Since July 2024, the number of stand-alone houses consented each month has been higher than the same month of the previous year,” economic indicators spokesperson Michael Heslop said.

Stats NZ information release: Government finance statistics (general government): Year ended June 2024

Source: Statistics New Zealand

Government finance statistics (general government): Year ended June 2024 – information release – 29 November 2024 – Government finance statistics (general government) gives an economic representation of New Zealand’s central and local government financial activity.

Key facts
In the year ended June 2024:

  • general government net operating deficit was $3.1 billion, following a $6.7 billion deficit in the year ended June 2023
  • total operating income increased by 9.7 percent, compared with the year ended June 2023, led by increases in tax revenue
  • total operating expenditure increased by 7.0 percent, following a 3.4 percent increase in the year ended June 2023
  • operating expenditure growth was driven by increases in social benefits (up $4.3 billion), employee expenses (up $3.5 billion), interest expenses (up $1.7 billion), and depreciation (up $1.2 billion)
  • net acquisition of non-financial assets rose by $1.2 billion to $10.3 billion, compared with the year ended June 2023, driven by a rise in buildings and structures
  • net worth increased by $20.6 billion to $464.6 billion, following a $19.4 billion increase in the year ended June 2023
  • net debt rose by $4.1 billion to $88.9 billion, compared with the year ended June 2023.

 

Stats NZ information release: Annual balance sheets: 2023 (provisional)

Source: Statistics New Zealand

Annual balance sheets: 2023 (provisional) – information release – 29 November 2024 – Annual balance sheets provide estimates of assets, liabilities, and net worth held by New Zealand institutional sectors at a point in time. These sectors include businesses, households, and government.

This release also records the flows between the annual stock balances of non-financial assets, financial assets, and financial liabilities, known as the accumulation accounts.

Key facts

In the year ended March 2023: