Income Shortfall - Income Survey

Income survey data from Statistics New Zealand, is used to find the shortfall between prices and incomes!

$56,074,000,000.00
The counter increases by $107 per second based on the average debt growth since May 2014.

Income Shortfall Data

Data is sourced from: Statistics New Zealand; Reserve Bank of New Zealand; and The Treasury - for more specific links click here.


Income Shortfall Graph

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Income Shortfall Data

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Income Shortfall Per Person Graph

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Income Shortfall Per Person Data

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Income Shortfall Comments

For more information about GDP and the national accounts, go to the GDP landing page on the Statistics NZ website (www.stats.govt.nz).

THE Shortfall BETWEEN GDP AND PURCHASING POWER:


The $203.496 billion GDP minus $127.914 billion of purchasing power from incomes equals $75.582 billion. From an orthodox point of view this shows us, quite simply, that we do not earn enough income to buy what we produce. If we look at this situation from a different standpoint we could explain that the New Zealand economy is currently the most productive it has been in its history. We have used the skills, technology and accumulated knowledge developed over decades to produce a surplus of goods to purchase.

Since we have produced our GDP with such low labour costs, $75.582 billion of surplus goods should be seen as our New Zealand (Citizens) dividend - but no it is seen as a shortfall because it still appears in prices.

It is a given that the entire $203.496 billion worth of goods and services need to be paid for. This is currently achieved by you the consumer spending the $127.914 billion of income purchasing power and by supplementing it with debt. You must borrow to be able to purchase the $75.582 shortfall between GDP and income purchasing power. This is one of the processes which causes our nation’s debt levels to increase year by year.

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