Final consumption expenditure in New Zealand
New Zealand: Final consumption expenditure was 277.24 billion constant LCU in 2024. ▲ Rising
Final consumption expenditure in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, final consumption expenditure in New Zealand stood at 277.24 billion constant LCU. That is the highest value across all 55 years on record.
The figure is up 36.9% over ten years.
Over the whole period, final consumption expenditure in New Zealand peaked at 277.24 billion constant LCU in 2024 and was at its lowest, 71.16 billion constant LCU, in 1970.
New Zealand ranks 103rd of 176 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure in New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 71.16 billion constant LCU | — |
| 1971 | 71.76 billion constant LCU | +0.9% |
| 1972 | 76.68 billion constant LCU | +6.9% |
| 1973 | 82.45 billion constant LCU | +7.5% |
| 1974 | 86.47 billion constant LCU | +4.9% |
| 1975 | 86.86 billion constant LCU | +0.4% |
| 1976 | 84.49 billion constant LCU | -2.7% |
| 1977 | 83.14 billion constant LCU | -1.6% |
| 1978 | 85.19 billion constant LCU | +2.5% |
| 1979 | 84.61 billion constant LCU | -0.7% |
| 1980 | 84.64 billion constant LCU | +0.0% |
| 1981 | 86.33 billion constant LCU | +2.0% |
| 1982 | 85.55 billion constant LCU | -0.9% |
| 1983 | 88.11 billion constant LCU | +3.0% |
| 1984 | 91.06 billion constant LCU | +3.4% |
| 1985 | 92.36 billion constant LCU | +1.4% |
| 1986 | 95.35 billion constant LCU | +3.2% |
| 1987 | 97.62 billion constant LCU | +2.4% |
| 1988 | 99.75 billion constant LCU | +2.2% |
| 1989 | 101.92 billion constant LCU | +2.2% |
| 1990 | 102.64 billion constant LCU | +0.7% |
| 1991 | 100.61 billion constant LCU | -2.0% |
| 1992 | 101.19 billion constant LCU | +0.6% |
| 1993 | 104.31 billion constant LCU | +3.1% |
| 1994 | 109.18 billion constant LCU | +4.7% |
| 1995 | 113.65 billion constant LCU | +4.1% |
| 1996 | 118.30 billion constant LCU | +4.1% |
| 1997 | 121.61 billion constant LCU | +2.8% |
| 1998 | 124.77 billion constant LCU | +2.6% |
| 1999 | 128.26 billion constant LCU | +2.8% |
| 2000 | 130.09 billion constant LCU | +1.4% |
| 2001 | 134.10 billion constant LCU | +3.1% |
| 2002 | 139.67 billion constant LCU | +4.1% |
| 2003 | 147.75 billion constant LCU | +5.8% |
| 2004 | 155.37 billion constant LCU | +5.2% |
| 2005 | 163.34 billion constant LCU | +5.1% |
| 2006 | 168.52 billion constant LCU | +3.2% |
| 2007 | 175.30 billion constant LCU | +4.0% |
| 2008 | 176.23 billion constant LCU | +0.5% |
| 2009 | 177.87 billion constant LCU | +0.9% |
| 2010 | 181.63 billion constant LCU | +2.1% |
| 2011 | 186.74 billion constant LCU | +2.8% |
| 2012 | 189.86 billion constant LCU | +1.7% |
| 2013 | 196.22 billion constant LCU | +3.4% |
| 2014 | 202.52 billion constant LCU | +3.2% |
| 2015 | 210.07 billion constant LCU | +3.7% |
| 2016 | 221.29 billion constant LCU | +5.3% |
| 2017 | 231.37 billion constant LCU | +4.6% |
| 2018 | 241.28 billion constant LCU | +4.3% |
| 2019 | 248.95 billion constant LCU | +3.2% |
| 2020 | 254.05 billion constant LCU | +2.0% |
| 2021 | 269.55 billion constant LCU | +6.1% |
| 2022 | 276.30 billion constant LCU | +2.5% |
| 2023 | 277.23 billion constant LCU | +0.3% |
| 2024 | 277.24 billion constant LCU | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 81.28 billion constant LCU | 71.16 billion constant LCU | 86.86 billion constant LCU | 10 |
| 1980s | 92.27 billion constant LCU | 84.64 billion constant LCU | 101.92 billion constant LCU | 10 |
| 1990s | 112.45 billion constant LCU | 100.61 billion constant LCU | 128.26 billion constant LCU | 10 |
| 2000s | 156.82 billion constant LCU | 130.09 billion constant LCU | 177.87 billion constant LCU | 10 |
| 2010s | 210.99 billion constant LCU | 181.63 billion constant LCU | 248.95 billion constant LCU | 10 |
| 2020s | 270.87 billion constant LCU | 254.05 billion constant LCU | 277.24 billion constant LCU | 5 |
Countries ranked near New Zealand
- 100 Austria 304.22 billion constant LCU compare
- 101 Bolivia, Plurinational State of 290.78 billion constant LCU compare
- 102 Yemen 281.66 billion constant LCU compare
- 104 Singapore 274.73 billion constant LCU compare
- 105 Qatar 258.43 billion constant LCU compare
- 106 Honduras 255.89 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)
- Net primary income (Net income from abroad) (current LCU), annual 4.9 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 1.85 % change on previous year (2023)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0832 current US$ per US$ of GDP (2023)
- Taxes less subsidies on products (current US$), per capita 4,103 current US$ per person (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 5.16 % change on previous year (2023)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1355 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), per capita 6,682 current LCU per person (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.4227 (2025)
Frequently asked questions
- What is final consumption expenditure in New Zealand?
- Final consumption expenditure in New Zealand was 277.24 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in New Zealand?
- The highest recorded value was 277.24 billion constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in New Zealand?
- The lowest recorded value was 71.16 billion constant LCU in 1970.
- How does New Zealand rank for final consumption expenditure?
- New Zealand ranks 103rd out of 176 countries with data for 2024.
- Is final consumption expenditure rising or falling in New Zealand?
- Over the last ten years it is up 36.9%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.