National Accounts: June 2026 Quarter

This is our experimental section. The data presented here is provisional and may be subject to more updates than other releases.

We have developed experimental quarterly estimates for institutional sector accounts and balance sheets, to provide more timely data on New Zealand’s economy. We have published these experimental estimates on a quarterly basis since the first release for the March 2021 quarter.

The quarterly income measure of gross domestic product (GDPI), along with total economy compensation of employees, gross operating surplus and gross mixed income, taxes on production and imports, and subsidies became official in the December 2023 quarter and were most recently published in Gross domestic product: June 2026 quarter on 17 September 2026.

These previously published measures are also included in Table 1.1 (Consolidated accounts of the nation, gross domestic product and expenditure account) of the consolidated accounts tables in this release, in actual and seasonally adjusted terms. All other series in the consolidated accounts tables of this release remain as previously published.

Key facts

Quarterly income and outlay accounts

In the June 2026 quarter, compared with the March 2026 quarter (in seasonally adjusted terms):

household saving decreased $117 million to $2.5 billion
household net disposable income rose 0.7 percent ($436 million):
- compensation of employees rose 1.0 percent ($515 million)
- social assistance benefits in cash rose 1.2 percent ($145 million)
- income of self-employed businesses (entrepreneurial income) received by households rose 1.9 percent ($245 million)
- dividends received by households increased 43.3 percent ($646 million)
- income tax paid by households increased 5.9 percent (up $942 million)
household final consumption expenditure rose 0.9 percent ($553 million)
financial business enterprises saving decreased $672 million to -$1.1 billion
central government saving increased from -$2.6 billion to -$778 million.

Quarterly balance sheets

Quarterly balance sheet values are not seasonally adjusted.

In the June 2026 quarter, compared with the March 2026 quarter:

household net worth decreased $8.4 billion (0.3 percent):
- equity and investment share assets fell 0.8 percent ($9.5 billion)
- buildings rose 1.8 percent ($9.6 billion)
- currency and deposits rose 1.8 percent ($5.0 billion)
- loan liabilities rose 1.1 percent ($3.5 billion)
- land fell 3.8 percent ($26.2 billion)
- insurance, pension and standardised guarantee schemes rose 8.6 percent ($15.9 billion)
financial business enterprises net worth fell 10.5 percent ($1.9 billion):
- financial liabilities (including equity liabilities) rose 1.8 percent ($33.6 billion)
- financial assets rose 1.7 percent ($30.0 billion)
central government net worth rose 5.1 percent ($14.4 billion):
- financial assets rose 1.4 percent (up $5.1billion)
- non-financial assets (land and buildings) rose 1.2 percent ($2.7 billion)
- financial liabilities decreased 2.2 percent ($6.6 billion).