Statistics New Zealand

Net worth has fluctuated due to shifting asset values, particularly in property and investment holdings.

2 weeks ago

Household spending surpasses income as net worth drops by $47 billion

New Zealand households spent more than they earned in the June 2024 quarter, with savings dipping into negative territory at -$479 million,

The statistics reveal a dynamic shift, with a 7.5 percent increase in the total number of trips taken by households over the four-year period. Notably, domestic travel has surged, with a 29.7 percent increase in domestic trips.

Statistics New Zealand

8 months ago

New Zealand households shift spending towards domestic travel amid global changes

The big picture: In light of the challenges presented by the COVID-19 pandemic, increased living costs, extreme weather, and global events, New Zealand households...

Housing and household utilities were the next largest contributors, with new house construction costs rising 11% in the 12 months to March 2023, following a 14% increase in the 12 months to December 2022. Rents increased by 4.3% in the same period.

Statistics New Zealand

1 year ago

New Zealand housing crisis: decrease in new home consents threatens affordability

New Zealand's housing and property market has been facing challenges, as evident in the latest figures released by Stats NZ. This decrease...

The decline in household net worth can be attributed to a $12.3 billion or 1.0% drop in owner-occupied property values during the December quarter.

Statistics New Zealand

1 year ago

New Zealand household net worth declines by $10.3 billion in December 2022 quarter

New Zealand's household net worth experienced a $10.3 billion decrease in the December 2022 quarter, according to Stats NZ's quarterly data published...

Multifactor productivity, which captures the effects of unobserved inputs such as technological progress, efficiency gains, and economies of scale, also saw an increase of 1.2%.

Statistics New Zealand

1 year ago

New Zealand's labour productivity surges 2.2% in 2022: Statistics New Zealand

Statistics New Zealand has released data showing a 2.2% increase in New Zealand's labour productivity in the year ended March 2022, the...

Household spending surpasses income as net worth drops by $47 billion

New Zealand households shift spending towards domestic travel amid global changes

New Zealand housing crisis: decrease in new home consents threatens affordability

New Zealand household net worth declines by $10.3 billion in December 2022 quarter

New Zealand's labour productivity surges 2.2% in 2022: Statistics New Zealand

Featured News

Household spending surpasses income as net worth drops by $47 billion

Food prices see smallest annual increase since 2018

Record surge in migrant arrivals and departures for New Zealand in April 2024

Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

Total gross earnings in New Zealand up by 8.6% in year to March 2024