Annual gdp growth in New Zealand
New Zealand: Annual gdp growth was 0.73 in 2023. ◆ Volatile
Latest (2023)
0.73
Change on year
down 73.6%
World rank
165th
of 211 countries
All-time high
4.73
in 2003
All-time low
-1.24
in 2008
Years of data
24
2000–2023
Annual gdp growth in New Zealand, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in New Zealand stood at 0.73.
Compared with earlier readings it is down 73.6% on the previous year and down 73.6% over ten years.
Over the whole period, annual gdp growth in New Zealand peaked at 4.73 in 2003 and was at its lowest, -1.24, in 2008.
New Zealand ranks 165th of 211 countries on this measure, 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 | 2.87 | — |
| 2001 | 3.41 | +18.8% |
| 2002 | 4.71 | +38.1% |
| 2003 | 4.73 | +0.4% |
| 2004 | 4.09 | -13.5% |
| 2005 | 3.35 | -18.1% |
| 2006 | 2.78 | -17.0% |
| 2007 | 3.05 | +9.7% |
| 2008 | -1.24 | -140.7% |
| 2009 | -0.05 | -96.0% |
| 2010 | 1.44 | -2980.0% |
| 2011 | 2.24 | +55.6% |
| 2012 | 2.29 | +2.2% |
| 2013 | 2.76 | +20.5% |
| 2014 | 3.75 | +35.9% |
| 2015 | 3.73 | -0.5% |
| 2016 | 3.75 | +0.5% |
| 2017 | 3.4 | -9.3% |
| 2018 | 3.5 | +2.9% |
| 2019 | 2.36 | -32.6% |
| 2020 | -0.42 | -117.8% |
| 2021 | 4.55 | -1183.3% |
| 2022 | 2.77 | -39.1% |
| 2023 | 0.73 | -73.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.77 | -1.24 | 4.73 | 10 |
| 2010s | 2.92 | 1.44 | 3.75 | 10 |
| 2020s | 1.91 | -0.42 | 4.55 | 4 |
Countries ranked near New Zealand
- 162 Micronesia, Federated States of 0.78 compare
- 162 Republic of Moldova 0.78 compare
- 164 Yemen 0.75 compare
- 165 Syrian Arab Republic 0.73 compare
- 167 Switzerland 0.72 compare
- 168 Italy 0.7 compare
- 168 South Africa 0.7 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)
- GDP (constant 2015 US$), annual growth rate 0.4628 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8335 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 41,336 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 0.4627 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.36 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 67,519 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 4.38 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.2198 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is annual gdp growth in New Zealand?
- Annual gdp growth in New Zealand was 0.73 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in New Zealand?
- The highest recorded value was 4.73 in 2003.
- What is the lowest annual gdp growth recorded in New Zealand?
- The lowest recorded value was -1.24 in 2008.
- How does New Zealand rank for annual gdp growth?
- New Zealand ranks 165th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in New Zealand?
- Over the last ten years it is down 73.6%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).