External balance on goods and services in New Zealand
New Zealand: External balance on goods and services was -5.40 billion current LCU in 2024. ◆ Volatile
Latest (2024)
-5.40 billion current LCU
Change on year
up 50.3%
World rank
107th
of 192 countries
All-time high
4.67 billion current LCU
in 2001
All-time low
-20.14 billion current LCU
in 2022
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 current LCU.
Analysis
The most recent figure for external balance on goods and services in New Zealand is -5.40 billion current LCU, measured in 2024.
That represents a change of up 50.3% on the previous year and down 374.5% over ten years.
Over the whole period, external balance on goods and services in New Zealand peaked at 4.67 billion current LCU in 2001 and was at its lowest, -20.14 billion current LCU, in 2022.
That places New Zealand 107th out of 192 countries with data for 2024, putting it 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 | current LCU | Change |
|---|---|---|
| 1970 | -173.35 million current LCU | — |
| 1971 | 55.00 million current LCU | -131.7% |
| 1972 | 240.00 million current LCU | +336.4% |
| 1973 | 14.00 million current LCU | -94.2% |
| 1974 | -1.24 billion current LCU | -8985.7% |
| 1975 | -789.00 million current LCU | -36.6% |
| 1976 | -360.00 million current LCU | -54.4% |
| 1977 | -251.00 million current LCU | -30.3% |
| 1978 | 132.00 million current LCU | -152.6% |
| 1979 | -321.00 million current LCU | -343.2% |
| 1980 | -261.00 million current LCU | -18.7% |
| 1981 | -887.00 million current LCU | +239.8% |
| 1982 | -986.00 million current LCU | +11.2% |
| 1983 | -435.00 million current LCU | -55.9% |
| 1984 | -1.08 billion current LCU | +147.6% |
| 1985 | -1.03 billion current LCU | -4.4% |
| 1986 | 292.00 million current LCU | -128.3% |
| 1987 | 1.46 billion current LCU | +400.0% |
| 1988 | 2.79 billion current LCU | +91.3% |
| 1989 | 536.00 million current LCU | -80.8% |
| 1990 | 697.00 million current LCU | +30.0% |
| 1991 | 2.80 billion current LCU | +301.9% |
| 1992 | 2.47 billion current LCU | -11.9% |
| 1993 | 3.09 billion current LCU | +25.2% |
| 1994 | 2.48 billion current LCU | -19.6% |
| 1995 | 1.80 billion current LCU | -27.5% |
| 1996 | 1.60 billion current LCU | -11.3% |
| 1997 | 1.46 billion current LCU | -8.6% |
| 1998 | 1.43 billion current LCU | -2.1% |
| 1999 | 566.00 million current LCU | -60.4% |
| 2000 | 3.56 billion current LCU | +529.7% |
| 2001 | 4.67 billion current LCU | +31.0% |
| 2002 | 4.11 billion current LCU | -12.1% |
| 2003 | 2.55 billion current LCU | -37.9% |
| 2004 | 444.00 million current LCU | -82.6% |
| 2005 | -2.36 billion current LCU | -631.5% |
| 2006 | -664.00 million current LCU | -71.9% |
| 2007 | 226.00 million current LCU | -134.0% |
| 2008 | -476.00 million current LCU | -310.6% |
| 2009 | 4.51 billion current LCU | -1047.9% |
| 2010 | 4.67 billion current LCU | +3.5% |
| 2011 | 3.30 billion current LCU | -29.3% |
| 2012 | 1.51 billion current LCU | -54.2% |
| 2013 | 3.75 billion current LCU | +147.7% |
| 2014 | 1.97 billion current LCU | -47.5% |
| 2015 | 2.60 billion current LCU | +32.0% |
| 2016 | 2.12 billion current LCU | -18.2% |
| 2017 | 2.64 billion current LCU | +24.0% |
| 2018 | -301.00 million current LCU | -111.4% |
| 2019 | 580.00 million current LCU | -292.7% |
| 2020 | -1.61 billion current LCU | -377.9% |
| 2021 | -13.50 billion current LCU | +737.7% |
| 2022 | -20.14 billion current LCU | +49.2% |
| 2023 | -10.88 billion current LCU | -46.0% |
| 2024 | -5.40 billion current LCU | -50.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -269.73 million current LCU | -1.24 billion current LCU | 240.00 million current LCU | 10 |
| 1980s | 40.50 million current LCU | -1.08 billion current LCU | 2.79 billion current LCU | 10 |
| 1990s | 1.84 billion current LCU | 566.00 million current LCU | 3.09 billion current LCU | 10 |
| 2000s | 1.66 billion current LCU | -2.36 billion current LCU | 4.67 billion current LCU | 10 |
| 2010s | 2.28 billion current LCU | -301.00 million current LCU | 4.67 billion current LCU | 10 |
| 2020s | -10.31 billion current LCU | -20.14 billion current LCU | -1.61 billion current LCU | 5 |
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)
- Services, value added (current US$), annual growth rate 3.93 % change on previous year (2023)
- Services, value added (current US$), per unit of GDP 0.6823 current US$ per US$ of GDP (2023)
- Services, value added (current US$), per capita 33,641 current US$ per person (2023)
- Services, value added (current LCU), annual growth rate 7.31 % change on previous year (2023)
- Services, value added (current LCU), per unit of GDP 1.11 current LCU per US$ of GDP (2023)
- Services, value added (current LCU), per capita 54,782 current LCU per person (2023)
- Services, value added (constant 2015 US$), annual growth rate -0.1121 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5794 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is external balance on goods and services in New Zealand?
- External balance on goods and services in New Zealand was -5.40 billion current 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 4.67 billion current LCU in 2001.
- What is the lowest external balance on goods and services recorded in New Zealand?
- The lowest recorded value was -20.14 billion current LCU in 2022.
- How does New Zealand rank for external balance on goods and services?
- New Zealand ranks 107th out of 192 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 374.5%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.