Appendix: Selected data tables

Gross Domestic Product (GDP)

Year ended March 2022

Year ended March 2023

Real GDP (in 2009/2010 prices) NZD millions 16,898  18,106
  annual % change -2.40% 2.1%
Real residential investment (in 2009/2010 prices) NZD millions 16,799 16,726
  annual % change 3.1% -0.4%
Real non-residential investment (in 2009/2010 prices) NZD millions 6,693 7,491
  annual % change 3.1%  11.9%
Building consents and activity
Residential dwelling consents consents issued 50,736 44,529
  annual % change 14.40% -12.20%
stand-alone houses consents issued 23,913 18,498
  annual % change -2.50% -22.60%
multi-unit homes consents issued 26,823 26,031
  annual % change 35.50% -3.0%
Value of total building work put in place NZD$ millions 30,490 37,073
  annual % change 21.60% 10.80%
Residential building work put in place NZD$ millions 20,862 24,718
  annual % change 12.50% 18.50%
Non-residential building work put in place NZD$ millions 12,355 9,628
  annual % change 7.30% 28.3%
Prices
Consumers price index (CPI) – home ownership index % change from the same quarter of the previous year 18.30% 7.80%
Producers price index (PPI) – construction input index 13.10% 5.70%
Producers price index (PPI) – construction output index 12.70% 6.80%
Wood and timber price index 17.10% -9.0%
Ready-mixed concrete index 6.00% 15.50%

Labour market

Year ended June 2022

Year ended June 2023

Employment (HLFS) no. of employees 294,800 308,500
  annual % change 7.1% 4.6%
LCI salary and wage rates
construction sector % change from the same quarter of the previous year 3.00% 4.20%
all industries 2.10% 3.40%
QES average hourly earnings 
construction sector NZD 33.99 36.88
  % change from the same quarter of the previous year 5.90% 8.50%
all industries NZD 37.04 39.60
  % change from the same quarter of the previous year 6.40% 6.90%

Labour productivity index    

Year ended March 2021

Year ended March 2022

construction sector annual % change -0.5% -0.7%
all industries annual % change 0.00% 0.20%

Health and safety

Year ended December 2021

Year ended December 2022

Injury incidence rates  
construction sector claims per 1,000 FTEs 144 135
all industries claims per 1,000 FTEs 91 87