Real GDP per capita can be decomposed into labour utilisation (the number of hours worked per capita per year) and labour productivity (output per hour worked). Increases in GDP per capita can come from either. Figure 1 depicts how the indicators covered in this report show New Zealand to be performing across a number of key areas, and the recent direction of any change relative to the OECD. New Zealand’s performance relative to other OECD countries is low for a number of the indicators presented, which is to be expected given that New Zealand’s income per capita is below the.
