NEW ZEALAND OUTPUT GAP IN PERCENT OF POTENTIAL GDP


THE OUTPUT GAP IN PERCENT OF POTENTIAL GDP IN NEW ZEALAND WAS REPORTED AT -3.71 PERCENT OF POTENTIAL GDP IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). OUTPUT GAPS FOR ADVANCED ECONOMIES ARE CALCULATED AS ACTUAL GDP LESS POTENTIAL GDP AS A PERCENT OF POTENTIAL GDP. ESTIMATES OF OUTPUT GAPS ARE SUBJECT TO A SIGNIFICANT MARGIN OF UNCERTAINTY. FOR A DISCUSSION OF APPROACHES TO CALCULATING POTENTIAL OUTPUT; SEE PAULA R. DE MASI; IMF ESTIMATES OF POTENTIAL OUTPUT: THEORY AND PRACTICE; IN STAFF STUDIES FOR THE WORLD ECONOMIC OUTLOOK (WASHINGTON: IMF; DECEMBER 1997); PP. 40-46. IN 2009, NEW ZEALAND'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 0.17 PERCENT. IN 2015, NEW ZEALAND'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 0.15 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR NEW ZEALAND'S OUTPUT GAP IN PERCENT OF POTENTIAL GDP.



 new zealand output gap in percent of potential gdp imf data




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IMF Data Specifications


CountryNew Zealand
Subject DescriptorOutput gap in percent of potential GDP
Subject NotesOutput gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. For a discussion of approaches to calculating potential output; see Paula R. De Masi; IMF Estimates of Potential Output: Theory and Practice; in Staff Studies for the World Economic Outlook (Washington: IMF; December 1997); pp. 40-46.
UnitsPercent of potential GDP
Scale 
Country/Series-specific NotesSee notes for: Gross domestic product; constant prices (National currency).
Estimates Start After2009
TitleNew Zealand Output gap in percent of potential GDP
KeywordsNew Zealand Output gap in percent of potential GDP, New Zealand Output gap in percent of potential GDP data,New Zealand Output gap in percent of potential GDP chart,New Zealand Output gap in percent of potential GDP historical data,New Zealand Output gap in percent of potential GDP graph,New Zealand Output gap in percent of potential GDP forecast.