National leaves Labour 3% annual GDP growth
StatsNZ reports:
Gross domestic product increased 0.6 percent in the September 2017 quarter, following an increase of 1.0 percent (revised) in the June 2017 quarter, Stats NZ said today.
GDP per capita increased 0.2 percent this quarter, following a 0.5 percent increase in the June quarter.
Annual GDP growth for the year ended September 2017 was 3.0 percent. The size of the economy in current prices was $278 billion.
So will GDP growth remain at 3%? It will be interesting to see.
Here’s the data for March years from 2008/2009 on:
- 08/09 -1.0%
- 09/10 -0.3%
- 10/11 +1.6%
- 11/12 +2.3%
- 12/13 +2.3%
- 13/14 +2.6%
- 14/15 +3.7%
- 15/16 +3.6%
- 15/17 +3.7%