General government final consumption expenditure in New Zealand
New Zealand: General government final consumption expenditure was -1.3% in 2024. ◆ Volatile
General government final consumption expenditure in New Zealand, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, general government final consumption expenditure in New Zealand stood at -1.3%.
Compared with earlier readings it is down 210.3% on the previous year and down 141.4% over ten years.
Over the whole period, general government final consumption expenditure in New Zealand peaked at 8.3% in 1974 and was at its lowest, -1.3%, in 1979.
New Zealand ranks 154th of 174 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in New Zealand, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 2.4% | — |
| 1972 | 6.1% | +152.6% |
| 1973 | 4.0% | -33.5% |
| 1974 | 8.3% | +103.9% |
| 1975 | 4.9% | -40.8% |
| 1976 | -0.8% | -115.9% |
| 1977 | 4.1% | -625.1% |
| 1978 | 4.7% | +14.5% |
| 1979 | -1.3% | -128.3% |
| 1980 | 0.9% | -169.5% |
| 1981 | 1.8% | +100.2% |
| 1982 | 0.6% | -69.6% |
| 1983 | 2.7% | +388.9% |
| 1984 | 1.8% | -33.3% |
| 1985 | 1.7% | -4.7% |
| 1986 | 0.7% | -60.9% |
| 1987 | 1.3% | +92.6% |
| 1988 | 0.0% | -100.0% |
| 1989 | 5.3% | +1259979.2% |
| 1990 | 1.1% | -80.0% |
| 1991 | -1.0% | -193.5% |
| 1992 | 1.1% | -215.6% |
| 1993 | 1.6% | +40.5% |
| 1994 | 2.9% | +79.9% |
| 1995 | 1.8% | -39.2% |
| 1996 | 1.8% | +0.3% |
| 1997 | 3.3% | +89.5% |
| 1998 | 3.0% | -11.0% |
| 1999 | 1.6% | -47.6% |
| 2000 | 1.1% | -26.9% |
| 2001 | 3.9% | +245.1% |
| 2002 | 1.6% | -60.4% |
| 2003 | 5.3% | +240.4% |
| 2004 | 4.7% | -11.0% |
| 2005 | 6.2% | +32.5% |
| 2006 | 2.8% | -55.2% |
| 2007 | 4.7% | +68.7% |
| 2008 | 3.8% | -18.6% |
| 2009 | -0.5% | -112.4% |
| 2010 | 2.0% | -522.5% |
| 2011 | 1.6% | -19.9% |
| 2012 | -0.3% | -117.1% |
| 2013 | 1.9% | -800.5% |
| 2014 | 3.0% | +58.1% |
| 2015 | 2.1% | -32.7% |
| 2016 | 1.9% | -9.1% |
| 2017 | 3.8% | +102.6% |
| 2018 | 3.1% | -17.4% |
| 2019 | 5.4% | +74.2% |
| 2020 | 7.0% | +29.0% |
| 2021 | 8.0% | +13.6% |
| 2022 | 2.6% | -66.8% |
| 2023 | 1.1% | -56.7% |
| 2024 | -1.3% | -210.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | -1.3% | 8.3% | 9 |
| 1980s | 1.7% | 0.0% | 5.3% | 10 |
| 1990s | 1.7% | -1.0% | 3.3% | 10 |
| 2000s | 3.4% | -0.5% | 6.2% | 10 |
| 2010s | 2.5% | -0.3% | 5.4% | 10 |
| 2020s | 3.5% | -1.3% | 8.0% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 2.59 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.9411 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 46,522 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.0126 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5156 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 25,486 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 1.35 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7802 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is general government final consumption expenditure in New Zealand?
- General government final consumption expenditure in New Zealand was -1.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in New Zealand?
- The highest recorded value was 8.3% in 1974.
- What is the lowest general government final consumption expenditure recorded in New Zealand?
- The lowest recorded value was -1.3% in 1979.
- How does New Zealand rank for general government final consumption expenditure?
- New Zealand ranks 154th out of 174 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in New Zealand?
- Over the last ten years it is down 141.4%. 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 General government final consumption expenditure (annual % growth). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.