| Information about the Personal Transfers |
Availability
| Valid From: .. | 06/30/1997 |
| To: .. | Ongoing |
| Frequency: .. | Quarterly |
Design
Purpose: Personal transfers (remittances) is a component of Current Transfers. It is an estimate of transfers between resident individual and non-official organisations and non resident individuals and non official organisations. The credit entries record the offsetting entry to resources received by residents without payment required. Conversely, the debit entries record the offsetting entry to the resources supplied to foreign residents without payment required. In order to capture these transactions, models for credits and debits are used.
General Information ..Personal transfers include inheritances and gifts from overseas, money sent overseas by residents and non-governmental foreign aid. Money received from abroad by New Zealanders for pensions, stakemoney, inheritances and gifts are estimated using Household Economic Survey data.
Money sent overseas by recent immigrants to New Zealand is estimated using a model based on immigration data. The assumptions for this model were updated with new survey data in June 2002. The private sector aid estimate is obtained from an annual survey of New Zealand aid organisations, which since 1994 has been conducted by the Ministry of Foreign Affairs and Trade.
Not applicable.
Output Variables
Output variables are pieces of individual information that can be extracted from the survey/output data. Often output variables can be cross tabulated with other output variables, for example sales by industry classification. The list below contains all current and past output variables which have been released for this survey/output.
| Variable Name | Description |
 | |
| Personal transfers received from overseas | Transfers including gifts, inheritances and contributions to religious and charitable organisations received from overseas. |
| |
| Personal transfers from New Zealand immigrants overseas | Transfers including gifts, inheritances and contributions to religious and charitable organisations received from New Zealand immigrants overseas. |
| |
| Personal transfers as foreign aid | Private sector foreign aid. |
| |
| Personal transfers from individual New Zealanders | Transfers including gifts, inheritances and contributions to religious and charitable organisations received from New Zealand residents to non-residents. |
Changes in Output Variables over time
Guide to Interpreting Data
Summary of Changes to Survey/Output ..Prior to the deregulation of the foreign exchange market, the transfers component for both credits and debits was primarily based on OET record. A small annual survey of those companies carrying out aid transactions supplemented the OET record for debits.
All the cash transactions in foreign currency for aid and donations, personal remittances (including workers remittances) and migrants funds were recorded.
In 1989/90, the annual survey to capture aid transactions was updated in terms of the population.
In June 2002 the OET data used to estimate personal transfers credits was replaced by data from the HES. The HES is an ongoing data source whereas the OET was ceased in 1986.
Base level remittances estimates were removed from personal transfers debits, also in June 2002. An error in the model for workers' remittances was corrected, and assumptions were updated using Longitudinal Immigration Survey data.
These changes made to personal transfers credits and debits in June 2002 were backcast to the June 1996 quarter.
Usage and Limitations of the Data ..None
Related Data Sources ..None.
Sampling Errors ..Not applicable.
Non-sampling errors Not applicable.
Caveats on Release ..None
Catalogue & Reference Numbers
| INFOS: | BOPQ.S4AD1B11, BOPQ.S4AC1B11 |
Other Comments
Classification(s) used
Glossary of Terms
| Term | Description |
| |
| Personal Remittances or Workers remittances | Workers remittances cover current transfers by migrants who are employed in new economies and considered residents there. These remittances often occur between related persons. |
Contact Details
Liability
Statistics New Zealand gives no warranty that the information or data supplied contains no errors. However, all care and diligence has been used in processing, analysing and extracting the information. Statistics New Zealand shall not be liable for any loss or damage suffered by the customer consequent upon the use directly, or indirectly, of the information supplied in this product.