Period-specific information: Year ended March 2019 publication

Period-specific information Revisions year ended March 2019 This release contains revisions arising from new and more up-to-date information. The most notable changes include: industry output and expenditure item benchmarks updated to 2019, reflecting the annual reconciliation of goods and services flows incorporation of housing cost data from the latest Household Economic Survey incorporation of Census 2018 data trade data revisions, including improved measurement of digital services imports. Changes on high-level nominal GDP and expenditure on GDP year on year change The following tables show the revisions to nominal GDP year on year change from figures we published last year (Nov 2019) to this release (Nov 2020). GDP revisions summary Percentage change from previous year Year ended March Gross operating surplus and gross mixed income Compensation of employees GDP Published Nov 2019 Published Nov 2020 Published Nov 2019 Published Nov 2020 Published Nov 2019 Published Nov 2020 2017 7.0 7.1 5.2 5.2 6.2 6.3 2018 8.3 9.1 6.0 6.1 6.9 7.3 2019 3.7 4.4 6.2 6.1 5.0 5.3 Expenditure on GDP revisions summary Percentage change from previous year Year ended March Gross fixed capital formation Private final consumption expenditure Expenditure on GDP Published Nov 2019 Published Nov 2020 Published Nov 2019 Published Nov 2020 Published Nov 2019 Published Nov 2020 2017 5.3 5.0 7.1 7.5 6.2 6.3 2018 9.0 9.4 5.8 6.4 6.9 7.3 2019 6.2 8.2 5.1 6.0 4.1 5.3 Key drivers of the revisions in all three years were: incorporation of Census 2018 dwelling benchmarks updates to residential maintenance costs from the 2019 Household Economic Survey. These revisions affected property operation industries, household consumption expenditure, and investments in residential buildings. See 2020 national accounts improvements preview for more information on the improvements affecting annual industry components for this release. This includes information about revisions before the March 2017 year. en-NZ