Annual GDP growth (%) in New Zealand
New Zealand: Annual GDP growth (%) was 1.3% in 2024. ◆ Volatile
Annual GDP growth in New Zealand, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in New Zealand stood at 1.3%.
The figure is down 7.6% on the previous year and down 66.3% over ten years.
Over the whole period, annual gdp growth in New Zealand peaked at 4.7% in 2003 and was at its lowest, -1.0%, in 2008.
That places New Zealand 176th out of 230 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.9% | — |
| 2001 | 3.4% | +18.8% |
| 2002 | 4.7% | +38.2% |
| 2003 | 4.7% | +0.3% |
| 2004 | 4.1% | -13.5% |
| 2005 | 3.4% | -18.0% |
| 2006 | 2.8% | -17.1% |
| 2007 | 3.1% | +10.0% |
| 2008 | -1.0% | -133.3% |
| 2009 | -0.0% | -96.3% |
| 2010 | 1.5% | -3993.2% |
| 2011 | 2.1% | +43.5% |
| 2012 | 2.4% | +13.0% |
| 2013 | 2.6% | +9.4% |
| 2014 | 3.8% | +47.8% |
| 2015 | 3.7% | -3.6% |
| 2016 | 3.8% | +2.4% |
| 2017 | 3.4% | -10.6% |
| 2018 | 3.5% | +2.7% |
| 2019 | 2.3% | -33.2% |
| 2020 | -0.3% | -113.3% |
| 2021 | 4.5% | -1576.1% |
| 2022 | 3.5% | -22.9% |
| 2023 | 1.4% | -60.1% |
| 2024 | 1.3% | -7.6% |
New Zealand compared with similar countries
- New Zealand's 1.3% is below the median for high income countries, which is 2.1%, 61% of the median. (80 countries reporting)
- New Zealand's 1.3% is below the median for East Asia & Pacific, which is 3.5%, 36% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +3993.2% | -0.0% | 1.5% |
| 2021 | +1576.1% | -0.3% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.8% | -1.0% | 4.7% | 10 |
| 2010s | 2.9% | 1.5% | 3.8% | 10 |
| 2020s | 2.1% | -0.3% | 4.5% | 5 |
Countries ranked near New Zealand
- 173 Australia 1.4% compare
- 174 Australia and New Zealand 1.4% compare
- 175 Switzerland 1.3% compare
- 177 Czechia 1.2% compare
- 178 France 1.2% compare
- 179 United Kingdom of Great Britain and Northern Ireland 1.1% compare
- 179 United Kingdom 1.1% compare
More economy & growth data for New Zealand
- Real gdp growth, annual growth rate 161.32 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.11 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 552.02 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8628 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 403.08 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.49 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in New Zealand?
- Annual gdp growth in New Zealand was 1.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in New Zealand?
- The highest recorded value was 4.7% in 2003.
- What is the lowest annual gdp growth recorded in New Zealand?
- The lowest recorded value was -1.0% in 2008.
- How does New Zealand rank for annual gdp growth?
- New Zealand ranks 176th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in New Zealand?
- Over the last ten years it is down 66.3%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).