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New Zealand Economic and Financial Overview 2009

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Selected Statistical and Financial Data

Statistical Data
   (dollar amounts in millions)
  2004 2005 2006 2007 2008
Gross Domestic Product at Current Prices (1)(2) 139,939 149,984 157,335 166,244 178,058
Annual % Increase in Real GDP (1)(2)(3) 5.1% 3.5% 3.8% 2.7% 1.7%
Annual % Increase in Real GDP (1)(2)(3) 4.3 3.8 2.9 1.8 3.2
Population (thousands) (4) 4,079 4,127 4,176 4,223 4,264
Unemployment Rate (5) 4.1 3.8 3.9 3.7 3.7
Change in Consumer Price Index (6) 1.5 2.8 3.3 2.5 3.4
Exchange Rate (7) 0.6293 0.7085 0.6190 0.7559 0.7607
90-Day Bank Bill Rate (8) 6.07 7.03 7.47 8.32 8.68
10 Year Government Loan Stock Rate (8) 6.29 5.71 5.84 6.72 6.42
Terms of Trade Index (2)(9) 1,057 1,105 1,069 1,117 1,247
Current Account Deficit as a % of GDP (1)(2) (4.8%) (6.8%) (9.3%) (8.3%) (8.0%)
Government Finance(10)
  (dollar amounts in millions)
Year ended 30 June
  2003/04 2004/05 2005/06 2006/07 2007/08 2008/09(11)
Total Revenue 59,271 65,367 71,425 74,589 81,479 81,690
Total Expenses 53,698 58,292 64,334 68,729 75,842 81,754
OBEGAL (12) 5,573 7,075 7,091 5,860 5,637 (64)
Gains/(Losses) 1,736 (1,144) 2,451 2,162 (3,253) 1,973
Operating Balance (13) 7,309 5,931 9,542 8,022 2,384 1,909
% of GDP 5.1% 3.9% 6.1% 4.8% 1.3% 1.0%
Net Worth 39,595 54,240 83,971 96,827 105,514 107,769
Net Direct Domestic Borrowing (682) (662) (1,221) (3,917) 1,721 -
Net Direct Overseas Borrowing (654) 559 (16) 312 (1,296) -
Direct Public Debt
  (dollar amounts in millions)
Year ended 30 June
  2003/04 2004/05 2005/06 2006/07 2007/08 2008/09(11)
Internal Funded Debt 26,632.0 26,555.3 25,346.9 26,860.4 28,210.4 -
Internal Floating Debt 5,815.0 5,595.0 5,057.0 2,303.4 1,655.0 -
External Debt 4,315.2 3,931.3 5,116.4 2,048.0 2,048.5 -
Total Direct Public Debt 36,762.2 36,081.6 35,520.3 31,211.4 31,913.9 -

(1) Year ended 31 March.

(2) 2008 data provisional. Prior years' data revised.

(3) Production based - chain volume series expressed in 1995/96 prices.

(4) June year resident population estimate.

(5) June quarter, seasonally adjusted.

(6) Annual percentage change, June quarter.

(7) US$ per NZ$ monthly average for June.

(8) June monthly average.

(9) Year ended 30 June. Base: June quarter 2002 = 1,000.

(10) This table is prepared in accordance with New Zealand Generally Accepted Accounting Practice (GAAP).

(11) Pre-Election Budget Update announced 6 October 2008. Equivalent data was not calculated for the December Update.

(12) Operating Balance Excluding Gains and Losses. The OBEGAL is the operating balance excluding gains and losses on assets and liabilities of institutions such as the Accident Compensation Corporation, Earthquake Commission and the Government Superannuation Fund.

(13) The forecast for 2008/09 was revised to an operating deficit of $4.3 billion in the December Update 2008 (main scenario).

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