Final consumption expenditure in New Zealand
New Zealand: Final consumption expenditure was 337.09 billion current LCU in 2024. ◆ Volatile
Final consumption expenditure in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, final consumption expenditure in New Zealand stood at 337.09 billion current LCU. That is the highest value across all 55 years on record.
That represents a change of up 2.8% on the previous year and up 82.5% over ten years.
Over the whole period, final consumption expenditure in New Zealand peaked at 337.09 billion current LCU in 2024 and was at its lowest, 4.59 billion current LCU, in 1970.
New Zealand ranks 114th of 187 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.19 billion current LCU | 4.59 billion current LCU | 15.97 billion current LCU | 10 |
| 1980s | 36.48 billion current LCU | 19.06 billion current LCU | 56.76 billion current LCU | 10 |
| 1990s | 70.84 billion current LCU | 59.86 billion current LCU | 86.36 billion current LCU | 10 |
| 2000s | 120.10 billion current LCU | 89.87 billion current LCU | 151.45 billion current LCU | 10 |
| 2010s | 195.15 billion current LCU | 157.65 billion current LCU | 245.50 billion current LCU | 10 |
| 2020s | 302.11 billion current LCU | 254.05 billion current LCU | 337.09 billion current LCU | 5 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- External balance on goods and services as a percent of GDP -1.3% (2024)
- Inflation of consumer prices 2.8% (2025)
- GDP per capita 41,336 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2023)
- Gross domestic product (GDP) 220.10 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 41,336 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -1.25 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -754.10 million current US$ (2024)
- Taxes less subsidies on products 34.74 billion current LCU (2023)
Frequently asked questions
- What is final consumption expenditure in New Zealand?
- Final consumption expenditure in New Zealand was 337.09 billion current 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 337.09 billion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in New Zealand?
- The lowest recorded value was 4.59 billion current LCU in 1970.
- How does New Zealand rank for final consumption expenditure?
- New Zealand ranks 114th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in New Zealand?
- Over the last ten years it is up 82.5%. 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 Final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.