Annual GDP growth in New Zealand
New Zealand: Annual GDP growth was 1.3% in 2024. ◆ Volatile
Latest (2024)
1.3%
Change on year
down 7.6%
World rank
152nd
of 196 countries
All-time high
4.7%
in 2003
All-time low
-1.0%
in 2008
Years of data
25
2000–2024
Annual GDP growth in New Zealand, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
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 152nd out of 196 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 | Value | 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% |
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
- 149 Australia 1.4% compare
- 150 Australia and New Zealand 1.4% compare
- 151 Switzerland 1.3% compare
- 153 Czechia 1.2% compare
- 154 France 1.2% compare
- 155 United Kingdom of Great Britain and Northern Ireland 1.1% compare
More economy & growth data for New Zealand
- 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)
- Manufacturing, value added (constant LCU), per capita 5,489 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 1.63 % change on previous year (2023)
- Industry (including construction), value added (current US$), per 0.1944 current US$ per US$ of GDP (2023)
- Industry (including construction), value added (current US$), per 9,582 current US$ per person (2023)
- Industry (including construction), value added (current LCU), annual 4.94 % change on previous year (2023)
- Industry (including construction), value added (current LCU), per 0.3165 current LCU per US$ of GDP (2023)
- Industry (including construction), value added (current LCU), per 15,604 current LCU per person (2023)
- Industry (including construction), value added (constant 2015 US$) -4.66 % change on previous year (2024)
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 152nd out of 196 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).