We record the benchmarks Peters set for his decision to choose the Labour/Greens option
19th Oct 17, 9:06pm
by
Winston Peters' speech made some claims about the state of the New Zealand economy and its immediate prospects.
That means it is a good time to record just where things are at so it can be used as a benchmark in the future.
Here are some of the markers he referred to, plus a number others that are equally relevant:
| Benchmark: 19-Oct-17 | Source | NZ$ | NZ$ | US$ | |
| 2008 | 2017 | ||||
| Consumer confidence | ANZ-Roy Morgan | 102.3 | 126.3 | ||
| Crown surplus (bln) | Treasury | -$0.5 | +$12.3 | +$8.8 | |
| Exchange rate TWI-17 | RBNZ | 63.3 | 75.6 | ||
| Government net debt bln | Treasury | $10.2 | $66.3 | $47.5 | |
| Country's net overseas liabilities % GDP | RBNZ | -80.4% | -58.5% | ||
| Exports (Goods + Services) bln pa | Stats NZ | $45.0 | $71.8 | $51.4 | |
| Current account deficit bln | Stats NZ | -$14.1 | -$7.5 | -$5.4 | |
| C/A as % of GDP | Stats NZ | -7.5% | -2.8% | ||
| Unemployment rate | Stats NZ | 4.1% | 4.6% | ||
| Employment rate | Stats NZ | 65.4% | 67.8% | ||
| Participation rate | Stats NZ | 68.0% | 70.6% | ||
| Inflation / CPI | Stats NZ | +5.1% | +1.9% | ||
| Official cash rate | RBNZ | 7.50% | 1.75% | ||
| 2 year fixed mortgage rate (avg) | interest.co.nz | 8.56% | 4.78% | ||
| GDP growth | Stats NZ | -1.7% | +2.7% | ||
| Median income, week | Stats NZ | $919 | $1,807 | $1,294 | |
| Median house price $(000) | REINZ | $335 | $525 | $376 | |
| Median rent $/week 3br house | MBIE | $295 | $400 | $286 | |
| Health spending (bln) pa | Treasury | $11.9 | $16.8 | $12.0 | |
| Income tax rate (max) | IRD | 39% | 33% | ||
| GST | IRD | 12.5% | 15% | ||
| Annual net permanent migration (000) | Stats NZ | +4.3 | +72.1 | ||
| Core public service (000) FTE | SSC | 45.9 | 48.9 | ||
| Number of people on a benefit (000) | MSD | 269.6 | 277.2 | ||
| Population (mln) | Stats NZ | 4.270 | 4.818 | ||
The US dollar equivalents are recorded so that these benchmarks can be assessed on an exchange-rate adjusted basis. (NZ$1 = U$0.7163)
8 Comments
by
Ex Expat
|
20th Oct 17, 11:35am
Good idea on Public Service staffing levels. The June 2017 data is due to be released in December 2017 sometime. As at June 2016 it was 45,895. I will add the 2017 data to this benchmark table when it becomes available.
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