External balance on goods and services in New Zealand
New Zealand: External balance on goods and services was -3.69 billion constant LCU in 2024. ◆ Volatile
Latest (2024)
-3.69 billion constant LCU
Change on year
up 28.6%
World rank
83rd
of 162 countries
All-time high
18.04 billion constant LCU
in 2002
All-time low
-13.25 billion constant LCU
in 2021
Years of data
55
1970–2024
External balance on goods and services in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, external balance on goods and services in New Zealand stood at -3.69 billion constant LCU.
That represents a change of up 28.6% on the previous year and down 193.3% over ten years.
Over the whole period, external balance on goods and services in New Zealand peaked at 18.04 billion constant LCU in 2002 and was at its lowest, -13.25 billion constant LCU, in 2021.
New Zealand ranks 83rd of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 2.90 billion constant LCU | — |
| 1971 | 4.10 billion constant LCU | +41.3% |
| 1972 | 3.42 billion constant LCU | -16.5% |
| 1973 | 687.55 million constant LCU | -79.9% |
| 1974 | -1.56 billion constant LCU | -326.6% |
| 1975 | 3.66 billion constant LCU | -335.0% |
| 1976 | 5.62 billion constant LCU | +53.6% |
| 1977 | 5.47 billion constant LCU | -2.8% |
| 1978 | 5.70 billion constant LCU | +4.1% |
| 1979 | 4.93 billion constant LCU | -13.5% |
| 1980 | 6.50 billion constant LCU | +32.0% |
| 1981 | 5.52 billion constant LCU | -15.2% |
| 1982 | 5.62 billion constant LCU | +1.8% |
| 1983 | 6.98 billion constant LCU | +24.2% |
| 1984 | 7.31 billion constant LCU | +4.8% |
| 1985 | 7.46 billion constant LCU | +2.0% |
| 1986 | 8.22 billion constant LCU | +10.3% |
| 1987 | 8.60 billion constant LCU | +4.5% |
| 1988 | 9.13 billion constant LCU | +6.3% |
| 1989 | 5.68 billion constant LCU | -37.9% |
| 1990 | 7.92 billion constant LCU | +39.5% |
| 1991 | 11.45 billion constant LCU | +44.6% |
| 1992 | 11.38 billion constant LCU | -0.6% |
| 1993 | 12.20 billion constant LCU | +7.2% |
| 1994 | 11.85 billion constant LCU | -2.9% |
| 1995 | 11.61 billion constant LCU | -2.0% |
| 1996 | 11.47 billion constant LCU | -1.1% |
| 1997 | 12.63 billion constant LCU | +10.1% |
| 1998 | 13.15 billion constant LCU | +4.1% |
| 1999 | 13.94 billion constant LCU | +6.0% |
| 2000 | 16.52 billion constant LCU | +18.5% |
| 2001 | 16.72 billion constant LCU | +1.2% |
| 2002 | 18.04 billion constant LCU | +7.9% |
| 2003 | 14.35 billion constant LCU | -20.5% |
| 2004 | 10.20 billion constant LCU | -28.9% |
| 2005 | 7.44 billion constant LCU | -27.1% |
| 2006 | 10.46 billion constant LCU | +40.5% |
| 2007 | 7.37 billion constant LCU | -29.5% |
| 2008 | 7.46 billion constant LCU | +1.1% |
| 2009 | 15.32 billion constant LCU | +105.5% |
| 2010 | 11.31 billion constant LCU | -26.2% |
| 2011 | 9.13 billion constant LCU | -19.3% |
| 2012 | 10.45 billion constant LCU | +14.5% |
| 2013 | 5.54 billion constant LCU | -47.0% |
| 2014 | 3.96 billion constant LCU | -28.6% |
| 2015 | 7.04 billion constant LCU | +78.0% |
| 2016 | 4.49 billion constant LCU | -36.2% |
| 2017 | 1.82 billion constant LCU | -59.5% |
| 2018 | 958.88 million constant LCU | -47.3% |
| 2019 | -144.94 million constant LCU | -115.1% |
| 2020 | -1.61 billion constant LCU | +1012.2% |
| 2021 | -13.25 billion constant LCU | +722.1% |
| 2022 | -12.92 billion constant LCU | -2.5% |
| 2023 | -5.17 billion constant LCU | -60.0% |
| 2024 | -3.69 billion constant LCU | -28.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.49 billion constant LCU | -1.56 billion constant LCU | 5.70 billion constant LCU | 10 |
| 1980s | 7.10 billion constant LCU | 5.52 billion constant LCU | 9.13 billion constant LCU | 10 |
| 1990s | 11.76 billion constant LCU | 7.92 billion constant LCU | 13.94 billion constant LCU | 10 |
| 2000s | 12.39 billion constant LCU | 7.37 billion constant LCU | 18.04 billion constant LCU | 10 |
| 2010s | 5.46 billion constant LCU | -144.94 million constant LCU | 11.31 billion constant LCU | 10 |
| 2020s | -7.33 billion constant LCU | -13.25 billion constant LCU | -1.61 billion constant LCU | 5 |
Countries ranked near New Zealand
- 80 Sao Tome and Principe -2.57 billion constant LCU compare
- 81 South Sudan -2.80 billion constant LCU compare
- 82 Guam -3.30 billion constant LCU compare
- 84 Portugal -3.84 billion constant LCU compare
- 85 Palestine, State of -3.92 billion constant LCU compare
- 86 Seychelles -4.14 billion constant LCU 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 (current US$), per unit of GDP 0.0827 current US$ per US$ of GDP (2023)
- Manufacturing, value added (current US$), per capita 4,076 current US$ per person (2023)
- Manufacturing, value added (current LCU), per unit of GDP 0.1346 current LCU per US$ of GDP (2023)
- Manufacturing, value added (current LCU), per capita 6,637 current LCU per person (2023)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0749 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 3,702 constant 2015 US$ per person (2024)
- 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)
Frequently asked questions
- What is external balance on goods and services in New Zealand?
- External balance on goods and services in New Zealand was -3.69 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in New Zealand?
- The highest recorded value was 18.04 billion constant LCU in 2002.
- What is the lowest external balance on goods and services recorded in New Zealand?
- The lowest recorded value was -13.25 billion constant LCU in 2021.
- How does New Zealand rank for external balance on goods and services?
- New Zealand ranks 83rd out of 162 countries with data for 2024.
- Is external balance on goods and services rising or falling in New Zealand?
- Over the last ten years it is down 193.3%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.