General government final consumption expenditure in New Zealand
New Zealand: General government final consumption expenditure was 55.07 billion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for general government final consumption expenditure in New Zealand is 55.07 billion current US$, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 45.6% over ten years.
Over the whole period, general government final consumption expenditure in New Zealand peaked at 55.07 billion current US$ in 2024 and was at its lowest, 986.40 million current US$, in 1970.
New Zealand ranks 43rd of 186 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in New Zealand, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 986.40 million current US$ | — |
| 1971 | 1.17 billion current US$ | +18.5% |
| 1972 | 1.41 billion current US$ | +20.7% |
| 1973 | 1.86 billion current US$ | +31.5% |
| 1974 | 2.28 billion current US$ | +22.6% |
| 1975 | 2.24 billion current US$ | -1.5% |
| 1976 | 2.22 billion current US$ | -1.2% |
| 1977 | 2.70 billion current US$ | +21.8% |
| 1978 | 3.47 billion current US$ | +28.7% |
| 1979 | 3.83 billion current US$ | +10.2% |
| 1980 | 4.54 billion current US$ | +18.8% |
| 1981 | 4.69 billion current US$ | +3.1% |
| 1982 | 4.62 billion current US$ | -1.3% |
| 1983 | 4.44 billion current US$ | -3.9% |
| 1984 | 3.83 billion current US$ | -13.8% |
| 1985 | 4.41 billion current US$ | +15.2% |
| 1986 | 5.42 billion current US$ | +23.0% |
| 1987 | 7.08 billion current US$ | +30.6% |
| 1988 | 7.95 billion current US$ | +12.2% |
| 1989 | 7.82 billion current US$ | -1.6% |
| 1990 | 8.39 billion current US$ | +7.3% |
| 1991 | 7.99 billion current US$ | -4.8% |
| 1992 | 7.85 billion current US$ | -1.7% |
| 1993 | 8.29 billion current US$ | +5.6% |
| 1994 | 9.29 billion current US$ | +12.0% |
| 1995 | 10.74 billion current US$ | +15.6% |
| 1996 | 11.67 billion current US$ | +8.6% |
| 1997 | 11.12 billion current US$ | -4.7% |
| 1998 | 9.87 billion current US$ | -11.3% |
| 1999 | 10.15 billion current US$ | +2.9% |
| 2000 | 8.99 billion current US$ | -11.4% |
| 2001 | 9.10 billion current US$ | +1.2% |
| 2002 | 11.17 billion current US$ | +22.7% |
| 2003 | 14.83 billion current US$ | +32.8% |
| 2004 | 17.74 billion current US$ | +19.6% |
| 2005 | 20.59 billion current US$ | +16.1% |
| 2006 | 20.48 billion current US$ | -0.5% |
| 2007 | 25.28 billion current US$ | +23.4% |
| 2008 | 26.34 billion current US$ | +4.2% |
| 2009 | 24.01 billion current US$ | -8.9% |
| 2010 | 28.87 billion current US$ | +20.2% |
| 2011 | 32.96 billion current US$ | +14.2% |
| 2012 | 34.16 billion current US$ | +3.6% |
| 2013 | 35.79 billion current US$ | +4.8% |
| 2014 | 37.81 billion current US$ | +5.6% |
| 2015 | 32.96 billion current US$ | -12.8% |
| 2016 | 34.30 billion current US$ | +4.1% |
| 2017 | 37.05 billion current US$ | +8.0% |
| 2018 | 38.59 billion current US$ | +4.2% |
| 2019 | 40.11 billion current US$ | +3.9% |
| 2020 | 43.48 billion current US$ | +8.4% |
| 2021 | 53.47 billion current US$ | +23.0% |
| 2022 | 52.61 billion current US$ | -1.6% |
| 2023 | 53.98 billion current US$ | +2.6% |
| 2024 | 55.07 billion current US$ | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.22 billion current US$ | 986.40 million current US$ | 3.83 billion current US$ | 10 |
| 1980s | 5.48 billion current US$ | 3.83 billion current US$ | 7.95 billion current US$ | 10 |
| 1990s | 9.54 billion current US$ | 7.85 billion current US$ | 11.67 billion current US$ | 10 |
| 2000s | 17.85 billion current US$ | 8.99 billion current US$ | 26.34 billion current US$ | 10 |
| 2010s | 35.26 billion current US$ | 28.87 billion current US$ | 40.11 billion current US$ | 10 |
| 2020s | 51.72 billion current US$ | 43.48 billion current US$ | 55.07 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 US$), annual growth 2.74 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9168 current US$ per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current US$), per capita 45,199 current US$ per person (2023)
- 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)
Frequently asked questions
- What is general government final consumption expenditure in New Zealand?
- General government final consumption expenditure in New Zealand was 55.07 billion current US$ 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 55.07 billion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in New Zealand?
- The lowest recorded value was 986.40 million current US$ in 1970.
- How does New Zealand rank for general government final consumption expenditure?
- New Zealand ranks 43rd out of 186 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in New Zealand?
- Over the last ten years it is up 45.6%. 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 (current US$). 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 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.