Goods and Services June 2019 Revisions

Goods and services trade by country: Year ended June 2019 – updates to previously published figures. The goods and services trade by country releases are subject to revision when new data becomes available, and when methodology is improved to ensure the accuracy of our statistics. For the year ended June 2019 release, we made revisions to include both new and updated data. June 2019 annual revisions to services data Services data is revised in line with the balance of payments revisions cycle. This means that on a quarterly basis, we revise the previous quarter's published data. On an annual basis (in the June quarter each year), we introduce and publish revisions to multiple quarters. There is no specified time period for how far back revisions will apply. We assess each revision on a case-by-case basis to identify the magnitude and number of periods affected. The following sections outline the revisions we made for the year ended June 2019 release. These revisions affected previously published year-ended-in-quarter figures. Revisions to spending by international students in New Zealand We update estimates for spending by international students annually, based on tuition fee data from the Ministry of Education. Tuition fee data is only available for the latest December year, so we calculate estimates for the following year, and replace them with actual data when it becomes available. Improved trade data We included improvements in trade data, particularly exports, due to new or updated information becoming available. Significant changes are: • increases in film exports, due to incorporating new data from the 2017/18 screen industry survey, affects the June 2017 to March 2018 quarters 'personal, cultural and recreational services' • increases in IT exports, due to incorporating new data from the ICT supply survey 2017 and the annual enterprise surveys for the three years from 2016 to 2018. This affects the June 2015 to March 2019 quarters 'telecommunications, computer, and information services' and 'charges for use of intellectual property.' Cruise ship expenditure We incorporated the latest cruise ship expenditure data from the cruise ship traveller and expenditure statistics for the September 2018 quarter to the June 2019 quarter. We also incorporated revisions to the cruise ship data from the December 2014 and June 2018 quarters. en-NZ