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National accounts (income and expenditure): Year ended March 2025 – Stats NZ information release

National accounts (income and expenditure): Year ended March 2025 – information release

14 November 2025

National accounts (income and expenditure) provides information on domestic production and the resulting income that is available for spending and saving. It also provides an insight into how saving is used and invested between different sectors of the economy.

Estimates updated
The National accounts (income and expenditure): Year ended March 2025 release provides updated estimates, up to and including the year ended March 2024. The exceptions to this are the gross fixed capital formation and capital stocks tables, which provide provisional estimates for the March 2025 year. Estimates beyond March 2024 are included in the quarterly National accounts (income, savings, assets and liabilities) release, which will next be published on 15 January 2026. Provisional data for the household sector has been incorporated in this release annually since National accounts (income, saving, assets, and liabilities): September 2022 quarter.

The January 2026 release will integrate these new annual estimates up to March 2024 as benchmarks, and provide a consistent time series through to the September 2025 quarter. This includes provisional annual estimates for the March 2025 year.

Visit our website to read this information release and to download CSV files:

For media enquiries contact: Media team, Wellington, media@stats.govt.nz“>media@stats.govt.nz, 021 285 9191

The Government Statistician authorises all statistics and data we publish.

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National accounts (industry production and investment): Year ended March 2024 – Stats NZ information release

National accounts (industry production and investment): Year ended March 2024 – information release

14 November 2025

The National accounts (industry production and investment) release contains a full reconciled set of detailed industry data on production, investment, and capital stock. It is used to update and maintain the quality of quarterly GDP statistics.

Visit our website to read this information release and to download CSV files:


The Government Statistician authorises all statistics and data we publish.

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Retail – Back in Black: Kiwis Brace Themselves for a Big Black Friday

Source: PriceMe

Back in Black: Kiwis Brace Themselves for a Big Black Friday
94% of Kiwis are now aware of Black Friday – but experts urge caution
Auckland, New Zealand – 14 November 2025 – It’s shaping up to be another massive year for Black Friday sales, with Kiwi retailers expected to take in hundreds of millions as shoppers hunt for deals, despite the fact that more than half of Kiwis are worried about the current state of their personal finances.
New research from PriceMe shows that Kiwi shoppers are increasingly strategic – waiting for major sale events to buy both Christmas gifts and everyday items, with the biggest motivators being lower prices, great deals, and shopping with trusted local retailers.
The upcoming Black Friday – Cyber Monday sales period, which runs from 28 November to 1 December, is continuing to grow in popularity. Once seen as a mainly overseas trend, Black Friday has now become a key moment on the New Zealand retail calendar – and an important boost for local businesses heading into the peak trading season.
PriceMe CEO, Gavin Male, said the event now plays a pivotal role for retailers and small businesses looking to lift sales after a slower period of consumer spending.
“Black Friday has firmly cemented its place in New Zealand’s retail landscape,” Male said. “In 2024, Black Friday ranked second only to Boxing Day for shopper activity on the PriceMe website. This year, even more consumers are planning their big-ticket purchases around major sales events. With growing shopper interest comes greater competition – and retailers are responding with stronger offers and sharper pricing than ever before.”
94% of all New Zealanders aged 18+ are now aware of Black Friday, with over a third (38%) already planning to shop the Black Friday event and an additional 31% not sure at this stage. This research of a nationally representative sample of n=1,200 Kiwis aged 18+ confirms the popularity of the sales event, that saw 33% of New Zealanders shop the event last year. This strategic shopping is hardly a surprise with 35% of those surveyed saying they are ‘living pay check to pay check’, and 20% ‘very worried’ about their personal finances.
Male explains: “We commissioned this research as we kept seeing an increasing need for Kiwi households to find everyday value and the numbers coming through confirmed this. We’ve got 56% of Kiwis saying they’re relying on Black Friday savings to afford Christmas gifts, 47% saying they’re going to use the event to buy / replace much needed items for the home and a massive 62% waiting to use Black Friday deals to make big-ticket purchases”
Top Planned Categories intend to purchase on Black Friday listed below in order of popularity
1. Technology and electronics
2. Toys and games
3. Perfume and beauty
4. Fashion and clothing
5. Household appliances
6. Mobile phones
7. Home décor and furniture
8. Outdoor and gardening appliances or furniture
9. Sports and hobbies
10. Pet supplies
11. Car and auto accessories
12. Baby care and equipment
While the shopping event now has universal recognition, the popularity of Black Friday is still being driven by the younger Kiwi, with 62% of New Zealanders aged 18-34 planning on shopping the event, compared to only 13% of Kiwis aged 65+.
Spend with care… and stay mindful of what you can afford
The PriceMe research shows that there’s no question that Black Friday will be massive for retailers, there are already adverts on TV and early Black Friday sales are underway online and in store, but it’s also a time for consumers to shop smart.
“While it’s evident there’s genuine excitement about the main Black Friday sales event, there needs to be some caution,” said Male. “Our research shows that while 55% of shoppers plan to pay for their purchases from regular household spending, 29% have said they intend to use credit, and a similar percentage will rely on Buy Now, Pay Later services that are becoming increasingly popular. These numbers highlight the need to pause and think before hitting the checkout button or tapping the credit card.”
Male says that for many Kiwis, the event provides genuine value – but it’s very easy to get swept up in the hype and suffer from a fear of missing out.
“Black Friday deals can be a really great opportunity to save, especially on larger items or Christmas gifts, but it’s important to stay mindful of what you actually need and, what you can actually afford.” Male continues, “With that in mind, we’re seeing more Kiwis taking the time to compare prices and check product reviews before committing to a purchase, which is a great sign that shoppers are becoming more informed – and that’s a positive step.”
So as retailers gear up for one of the busiest retail weekends of the year, PriceMe encourages consumers to shop smart, compare prices before buying, and avoid unnecessary debt, while still enjoying the excitement of the season.
PriceMe.co.nz is a part of NZ Compare, New Zealand's leading price comparison business. Dedicated to helping consumers make informed purchasing decisions. With a vast database of products, unbiased reviews, and up-to-date pricing information, PriceMe.co.nz empowers shoppers to find the best deals across a wide range of categories.
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Australian visitor arrivals increase – International travel: September 2025 – Stats NZ news story and information release


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Electronic card transactions: October 2025 – Stats NZ information release


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Net migration gain of 12,400 – International migration: September 2025 – Stats NZ news story and information release


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Health – Productivity Commission final report – Mental Health and Suicide Prevention Agreement Review

Source: National Mental Health Commission

13 November 2025 – The National Mental Health Commission (the Commission) has welcomed the release of the final report of the Productivity Commission’s review of the National Mental Health and Suicide Prevention Agreement (the National Agreement).

The report contributes to improving how governments can work together now and in the future for person-centred, integrated mental health care and suicide prevention in Australia.

It makes recommendations for the National Agreement that aim to enhance the effectiveness, accessibility, affordability and safety of the mental health and suicide prevention system.

The Commission provides an Annual National Progress Report on the implementation of the National Agreement, which has contributed to the review findings. The Productivity Commission made recommendations to improve monitoring and progress reporting on the National Agreement, to better meet the needs of local decision makers, service providers and consumers.

CEO of the Commission, David McGrath, said, “we welcome recommendations to strengthen the National Agreement to better support people experiencing mental health challenges and suicidal distress.”

“We look forward to working with the key stakeholders, including the Department of Health, Disability and Ageing, state and territories, and sector stakeholders regarding the future arrangements stemming from the review’s findings.”

“The Commission welcomes the call for the current Agreement to be extended until June 2027 to allow sufficient time to co-design changes to improve outcomes,” said Mr McGrath.

The Commission and National Suicide Prevention Office provided a joint response to the Productivity Commission’s review in March. Read the submission on our website: http://www.mentalhealthcommission.gov.au/nspo/publications/productivity-commission-submission-mental-health-and-suicide-prevention-agreement-review

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Greenpeace – Winston Peters and NZ First Hand Victory to ACT over Corporate Bill of Rights

Source: Greenpeace

Despite ACT failing to pass three earlier versions of the Regulatory Standards Bill, they have succeeded passing it into law today, due to the backing of NZ First and the National Party.
“With one vote, Winston Peters has undermined his and NZ First’s entire legacy,” says Greenpeace campaigner Gen Toop. “Today, he helped pass a law that sells Aotearoa and its people out to foreign corporations to use and abuse.”
The new Regulatory Standards Act creates an unprecedented expectation that the Crown compensates corporations if environmental or public interest laws impact their property rights. It also creates a set of controversial “principles” which lawmakers must follow.
Greenpeace warns that this will open the door to multinational corporations demanding payouts for laws that protect Aotearoa’s drinking water, wildlife, and environment.
“The Regulatory Standards Act is a corporate bill of rights, designed to ensure that from now on the Government will be forced to serve corporate interests instead of people, nature, and Te Tiriti o Waitangi,” says Toop
“Clean drinking water, safe food and a liveable climate should never be made subservient to the so-called property rights of corporations.
“But, thanks to NZ First, from today multinational corporations will expect New Zealanders to hand over their taxpayer money whenever the government takes even the most basic steps to protect workers, people or the environment,” says Toop.
The bill was highly controversial, attracting 159,000 submissions, with over 98% opposed to it. It was also condemned by several government agencies, with the Ministry for the Environment issuing a stark warning:
“We consider that core aspects conflict with the fundamental principles of the environmental management system, posing risks to the health, safety, economic, social, and environmental interests of current and future New Zealanders.”
“David Seymour might have got his dangerous corporates-first law passed today but civil society in Aotearoa is not going anywhere. We are undeterred and we will continue to defend nature and Aotearoa from corporate exploitation,” says Toop.
During the reading of the bill into law the Labour Party restated their commitment to repeal the Regulatory Standards Act in the first 100 days of a Labour-led government.
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Economy – Reserve Bank welcomes Government response to FEC banking inquiry

Source: Reserve Bank of New Zealand (RBNZ)

13 November 2025 – The Reserve Bank of New Zealand (RBNZ) welcomes the Government's formal response to the recent Finance and Expenditure Committee (FEC) inquiry into banking competition.

“As the Government response notes, some of the FEC recommendations are directed to areas where The Reserve Bank of New Zealand – Te Pūtea Matua is the decision maker,” said Angus McGregor, Acting Assistant Governor of Financial Stability.

“We see a stable, competitive and efficient banking system as a vital part of a healthy economy and we are pleased that we have already made progress on many of the FEC's recommendations.”

Key parts of the RBNZ's ongoing work programme highlighted in the Government's response include the in-progress review of capital settings; consultation on the use of the term 'bank'; and leading the development of a payments modernisation strategy as a part of our Future of Money and Payments work.

Recently completed work includes establishing a Financial Policy Committee to make key financial stability decisions; reducing the minimum capital requirement for deposit takers from the current $30m to $5m when the Deposit Takers Act comes into force; expanding access to our settlement systems; and published guidelines for managing climate related risks.

“We have noted the request from FEC for regular progress updates and look forward to contributing to that process. We are also looking forward to working with our fellow regulators and Treasury to continue to promote a financial system that supports a productive economy and the wellbeing of all New Zealanders,” said Mr McGregor.

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Defence News – RNZAF returns to Fiji and takes opportunity to show MC-12K King Air capability to Tongan military

Source: New Zealand Defence Force (NZDF)

A return trip to Fiji for maritime patrols by the Royal New Zealand Air Force’s (RNZAF) MC-12K King Air has provided a further opportunity to demonstrate the aircraft’s ability to operate in the South West Pacific region.

Aircrews on the MC-12K King Air regularly provide maritime patrols to detect and deter illegal, unreported and unregulated (IUU) fishing in New Zealand’s exclusive economic zone.

Earlier this year, an MC-12K King Air flew to Fiji in what was a first for RNZAF’s No 42 Squadron deploying the aircraft to the South West Pacific region.

The aircrew worked in support of the Fijian Maritime Essential Services Centre, conducting patrols searching for IUU fishing and also pleasure craft activity in Fijian waters as Fijian authorities strive to combat transnational organised crime in their region.

On the aircraft’s second deployment to Fiji, patrols were carried out in various locations including a small island chain approximately 150 nautical miles south of Nausori, and also over an area of approximately 9500 square kilometres spanning Yasawa to Kia Island.

The recent return to Fiji enabled the aircrew to also demonstrate the aircraft’s capabilities to neighbouring Tonga. At the end of the Fijian operation, the crew and aircraft departed for its first visit to Tonga, and took two members of His Majesty’s Armed Forces, with experience in maritime surveillance operations, on board as the aircraft patrolled in the vicinity of Pangai Island in the Ha’apai group.

Air Component Commander, Air Commodore Andy Scott, said it was great to build on the success of the first deployment with another into the region.

“The South West Pacific provides an excellent operating environment for our crews and enhances the strong partnerships between New Zealand and our friends in the region.”

Squadron Leader Craig Graham, who was the detachment commander for the deployment, said the return visit to Fiji was also important for the crew as it provided an opportunity for more junior pilots to step up. Flight Lieutenant Jamie Hull deployed on both operations captaining patrols in Fiji and the international transit flights back to New Zealand.

Squadron Leader Graham said Flight Lieutenant Hull had only been flying in the MC-12K King Air for two years and this deployment provided an opportunity for him to gain valuable experience by leading his crew on a complex operation.