27, Jan 2021, EST.

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Country or Region: New Zealand › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all New Zealand indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: New Zealand Dollar
Currency Symbol: NZD

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) for New Zealand in year 2015 is 0.264 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes New Zealand No. 8 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; New Zealand is 1.15 more than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for New Zealand was 0.06 % General Government Structural Balance (% Potential GDP) for New Zealand in 2015 was or will be 355.17% more than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for New Zealand was or will be -0.05 %, which is 120.08% less than the 2015 figure.