External balance on goods and services (current LCU) in New Zealand
New Zealand: External balance on goods and services (current LCU) was -5.40 billion current LCU in 2024. ◆ Volatile
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 108th out of 193 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 (current LCU) 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% |
New Zealand compared with similar countries
- New Zealand's -5.40 billion current LCU is below the median for high income countries, which is 3.18 billion current LCU. (72 countries reporting)
- New Zealand's -5.40 billion current LCU is below the median for East Asia & Pacific, which is -190.00 million current LCU, 28.4× the median. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | -8985.7% | 14.00 million current LCU | -1.24 billion current LCU |
| 2009 | +1047.9% | -476.00 million current LCU | 4.51 billion current LCU |
| 2021 | -737.7% | -1.61 billion current LCU | -13.50 billion current LCU |
| 2005 | -631.5% | 444.00 million current LCU | -2.36 billion current LCU |
| 2000 | +529.7% | 566.00 million current LCU | 3.56 billion current LCU |
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)
- SDRs holdings, US dollar, annual growth rate 4.11 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 552.02 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8628 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 403.08 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.49 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
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 108th out of 193 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.
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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.