Experimental annual balance sheet
We’re developing new balance sheet estimates that will provide annual estimates of assets, liabilities, and net worth held by New Zealand institutional sectors, such as businesses, households, and government. These balance sheets will be released on an ‘experimental’ basis in March 2017. In the meantime we’re publishing work-in-progress data to show how we’re using the input data, and to get feedback on the approach and methodology we’re adopting.
Having brought together data from a range of sources, we will update the estimates periodically as methods are developed to reconcile the source data into a coherent picture of the economy.
What you’ll see
A table of assets/liabilities by sectors for March 2013 is presented (June 2013 for central and local government sectors). This is accompanied by comments on each asset/liability type about source, method, and issues.
We have concorded various balance sheet data sources into standard classifications of assets, liabilities, and institutional sectors. Work is continuing to select data and methodologies that can reconcile the data into a coherent picture. We will provide updates on our progress on this website. These updates will probably include changes to the way existing data has been classified.
You will see the challenges involved in compiling coherent estimates, and have the opportunity to tell us which challenges are the most critical to resolve, and comment on possible solutions.
Download Experimental annual balance sheet 2013: released October 2016 (Excel, 26 sheets, 122kB)
We’d like your feedback about
- how useful this information is
- the data sources we have used
- data compilation and methods used
- our assumptions.
If you would like to discuss your feedback further or would like to speak to us directly please email NationalAccountsResearch@stats.govt.nz.
As methodologies are still being developed, transparency is critical. A summary of feedback received will be publicly available.
To provide feedback, click on the ‘Give feedback’ button above.
This experimental annual balance sheet information uses data from a range of sources. For more information on each of the data sources, click on the following text.
- Annual Enterprise Survey
- RBNZ central bank balance sheet
- RBNZ Standard Statistical Return – registered banks
- RBNZ Standard Statistical Return – other financial organisations
- RBNZ Managed Funds Survey
- Crown Financial Information System (CFIS)
- Local Authority Census (LAC)
- RBNZ household balance sheet
- International Investment Position
These estimates are a work-in-progress. They have not been fully analysed, and do not yet use the full range of methodology that we anticipate needing. This data is subject to significant change as our methodologies for compiling the data change and data sources are updated (the largest change likely to be over $100b). This data should not be considered final and we advise against using the data in decision-making.
We do encourage running this data through analysis systems if possible, which may help identify any problems.
The first formal release of estimates will occur in March 2017, and will be based on full methodology and analysis. The March release will be labelled ‘experimental’, as the project will then continue to develop related national accounting information that might lead to improvements to balance sheet estimates.
Balance sheets are being developed as part of New Zealand’s suite of national accounts. A primary purpose of national accounts is to bring together various data sources with partial coverage of the economy into a full coherent picture of the economy. This coherence has not yet been attempted in the estimates presented here, though should develop in subsequent updates.
At this stage, initial balance sheet estimates don’t balance across asset/liability classes; however, the structure of the economy, and weak parts of the estimates are fairly obvious. Imbalances will disappear as work continues. The estimates will change materially over coming months, probably on several occasions.
Version 1 released 31 October 2016
This information is being provided to enable feedback on data selections and methodologies. We consider that this information is not currently appropriate for use in decision-making. Results will be revised, potentially frequently, by larger margins than other Statistics NZ statistics.
Published 31 October 2016