External balance on goods and services in New Zealand
New Zealand: External balance on goods and services was -3.27 billion current US$ in 2024. ◆ Volatile
Latest (2024)
-3.27 billion current US$
Change on year
up 51.0%
World rank
143rd
of 192 countries
All-time high
3.36 billion current US$
in 2010
All-time low
-12.77 billion current US$
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 US$.
Analysis
The most recent figure for external balance on goods and services in New Zealand is -3.27 billion current US$, measured in 2024.
Compared with earlier readings it is up 51.0% on the previous year and down 300.3% over ten years.
Over the whole period, external balance on goods and services in New Zealand peaked at 3.36 billion current US$ in 2010 and was at its lowest, -12.77 billion current US$, in 2022.
New Zealand ranks 143rd of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in New Zealand, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | -194.14 million current US$ | — |
| 1971 | 63.47 million current US$ | -132.7% |
| 1972 | 291.69 million current US$ | +359.5% |
| 1973 | 19.48 million current US$ | -93.3% |
| 1974 | -1.72 billion current US$ | -8906.1% |
| 1975 | -891.12 million current US$ | -48.1% |
| 1976 | -350.74 million current US$ | -60.6% |
| 1977 | -247.85 million current US$ | -29.3% |
| 1978 | 137.96 million current US$ | -155.7% |
| 1979 | -321.55 million current US$ | -333.1% |
| 1980 | -251.88 million current US$ | -21.7% |
| 1981 | -738.49 million current US$ | +193.2% |
| 1982 | -718.13 million current US$ | -2.8% |
| 1983 | -285.88 million current US$ | -60.2% |
| 1984 | -558.44 million current US$ | +95.3% |
| 1985 | -526.85 million current US$ | -5.7% |
| 1986 | 154.20 million current US$ | -129.3% |
| 1987 | 903.75 million current US$ | +486.1% |
| 1988 | 1.80 billion current US$ | +99.1% |
| 1989 | 317.22 million current US$ | -82.4% |
| 1990 | 416.54 million current US$ | +31.3% |
| 1991 | 1.58 billion current US$ | +278.4% |
| 1992 | 1.31 billion current US$ | -16.8% |
| 1993 | 1.71 billion current US$ | +30.2% |
| 1994 | 1.52 billion current US$ | -11.2% |
| 1995 | 1.20 billion current US$ | -21.1% |
| 1996 | 1.11 billion current US$ | -7.3% |
| 1997 | 921.01 million current US$ | -17.0% |
| 1998 | 752.67 million current US$ | -18.3% |
| 1999 | 293.74 million current US$ | -61.0% |
| 2000 | 1.57 billion current US$ | +432.8% |
| 2001 | 1.95 billion current US$ | +24.9% |
| 2002 | 2.02 billion current US$ | +3.6% |
| 2003 | 1.56 billion current US$ | -23.1% |
| 2004 | 298.49 million current US$ | -80.8% |
| 2005 | -1.66 billion current US$ | -656.7% |
| 2006 | -430.58 million current US$ | -74.1% |
| 2007 | 166.09 million current US$ | -138.6% |
| 2008 | -334.57 million current US$ | -301.4% |
| 2009 | 2.82 billion current US$ | -942.4% |
| 2010 | 3.36 billion current US$ | +19.3% |
| 2011 | 2.61 billion current US$ | -22.5% |
| 2012 | 1.23 billion current US$ | -53.0% |
| 2013 | 3.07 billion current US$ | +150.7% |
| 2014 | 1.63 billion current US$ | -46.9% |
| 2015 | 1.81 billion current US$ | +10.9% |
| 2016 | 1.48 billion current US$ | -18.3% |
| 2017 | 1.87 billion current US$ | +26.6% |
| 2018 | -208.27 million current US$ | -111.1% |
| 2019 | 382.11 million current US$ | -283.5% |
| 2020 | -1.05 billion current US$ | -373.6% |
| 2021 | -9.55 billion current US$ | +813.6% |
| 2022 | -12.77 billion current US$ | +33.7% |
| 2023 | -6.68 billion current US$ | -47.7% |
| 2024 | -3.27 billion current US$ | -51.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -320.82 million current US$ | -1.72 billion current US$ | 291.69 million current US$ | 10 |
| 1980s | 9.45 million current US$ | -738.49 million current US$ | 1.80 billion current US$ | 10 |
| 1990s | 1.08 billion current US$ | 293.74 million current US$ | 1.71 billion current US$ | 10 |
| 2000s | 795.75 million current US$ | -1.66 billion current US$ | 2.82 billion current US$ | 10 |
| 2010s | 1.72 billion current US$ | -208.27 million current US$ | 3.36 billion current US$ | 10 |
| 2020s | -6.66 billion current US$ | -12.77 billion current US$ | -1.05 billion current US$ | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.08 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.49 current LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current LCU), per capita 73,604 current LCU per person (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -0.7477 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.768 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 37,966 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -0.7477 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1.26 constant LCU 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 -3.27 billion current US$ 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 3.36 billion current US$ in 2010.
- What is the lowest external balance on goods and services recorded in New Zealand?
- The lowest recorded value was -12.77 billion current US$ in 2022.
- How does New Zealand rank for external balance on goods and services?
- New Zealand ranks 143rd 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 300.3%. 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 (current US$). 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 indicator is expressed in United States dollars.