Expense in New Zealand
New Zealand: Expense was 35.5% in 2022. ▬ Flat
Expense in New Zealand, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in New Zealand is 35.5%, measured in 2022.
That represents a change of up 5.5% on the previous year and up 1.5% over ten years.
Over the whole period, expense in New Zealand peaked at 41.1% in 1987 and was at its lowest, 25.9%, in 1972.
That places New Zealand 32nd out of 157 countries with data for 2022, putting it in the top quarter.
Expense in New Zealand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 25.9% | — |
| 1973 | 26.1% | +0.6% |
| 1974 | 27.7% | +6.2% |
| 1975 | 31.4% | +13.6% |
| 1976 | 28.5% | -9.3% |
| 1977 | 31.4% | +10.1% |
| 1978 | 34.2% | +8.8% |
| 1979 | 33.8% | -0.9% |
| 1980 | 35.0% | +3.3% |
| 1981 | 36.2% | +3.6% |
| 1982 | 37.3% | +2.9% |
| 1983 | 36.6% | -1.8% |
| 1984 | 37.2% | +1.6% |
| 1985 | 36.1% | -2.8% |
| 1986 | 37.5% | +3.7% |
| 1987 | 41.1% | +9.6% |
| 1988 | 39.2% | -4.6% |
| 2001 | 31.6% | -19.5% |
| 2002 | 30.7% | -2.6% |
| 2003 | 31.2% | +1.6% |
| 2004 | 30.4% | -2.5% |
| 2005 | 31.0% | +1.8% |
| 2006 | 31.4% | +1.3% |
| 2007 | 31.3% | -0.2% |
| 2008 | 32.6% | +4.0% |
| 2009 | 34.1% | +4.6% |
| 2010 | 34.1% | +0.3% |
| 2011 | 40.0% | +17.3% |
| 2012 | 35.0% | -12.7% |
| 2013 | 33.1% | -5.4% |
| 2014 | 32.3% | -2.3% |
| 2015 | 31.5% | -2.5% |
| 2016 | 30.7% | -2.6% |
| 2017 | 29.9% | -2.6% |
| 2018 | 29.7% | -0.7% |
| 2019 | 30.1% | +1.1% |
| 2020 | 36.3% | +20.8% |
| 2021 | 33.6% | -7.3% |
| 2022 | 35.5% | +5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.9% | 25.9% | 34.2% | 8 |
| 1980s | 37.3% | 35.0% | 41.1% | 9 |
| 2000s | 31.6% | 30.4% | 34.1% | 9 |
| 2010s | 32.7% | 29.7% | 40.0% | 10 |
| 2020s | 35.1% | 33.6% | 36.3% | 3 |
Countries ranked near New Zealand
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)
- Gross capital formation (constant 2015 US$), annual growth rate -3.46 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1924 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 9,511 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 0.9117 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.2596 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 12,830 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 2.39 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.4289 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is expense in New Zealand?
- Expense in New Zealand was 35.5% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in New Zealand?
- The highest recorded value was 41.1% in 1987.
- What is the lowest expense recorded in New Zealand?
- The lowest recorded value was 25.9% in 1972.
- How does New Zealand rank for expense?
- New Zealand ranks 32nd out of 157 countries with data for 2022.
- Is expense rising or falling in New Zealand?
- Over the last ten years it is up 1.5%. The long-run trend across the full record is flat.
- Where does this New Zealand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.