Gross domestic product (GDP), annual growth rate in New Zealand
New Zealand: Gross domestic product (GDP), annual growth rate was 1.94 % change on previous year in 2023. ◆ Volatile
Latest (2023)
1.94 % change on previous year
Change on year
down 16.5%
World rank
104th
of 184 countries
All-time high
13.22 % change on previous year
in 1960
All-time low
-8.07 % change on previous year
in 1951
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in New Zealand, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in New Zealand is 1.94 % change on previous year, measured in 2023.
Compared with earlier readings it is down 16.5% on the previous year and down 25.4% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in New Zealand peaked at 13.22 % change on previous year in 1960 and was at its lowest, -8.07 % change on previous year, in 1951.
That places New Zealand 104th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | -8.07 % change on previous year | — |
| 1952 | 4.69 % change on previous year | -158.2% |
| 1953 | 3.62 % change on previous year | -22.8% |
| 1954 | 9.9 % change on previous year | +173.4% |
| 1955 | 3.74 % change on previous year | -62.2% |
| 1956 | 2.34 % change on previous year | -37.5% |
| 1957 | 4.43 % change on previous year | +89.4% |
| 1958 | 3.5 % change on previous year | -21.0% |
| 1959 | 4.79 % change on previous year | +36.9% |
| 1960 | 13.22 % change on previous year | +176.1% |
| 1961 | 6.04 % change on previous year | -54.3% |
| 1962 | 2.86 % change on previous year | -52.6% |
| 1963 | 5.9 % change on previous year | +106.2% |
| 1964 | 4.44 % change on previous year | -24.8% |
| 1965 | 6.32 % change on previous year | +42.5% |
| 1966 | 6.47 % change on previous year | +2.2% |
| 1967 | -4.52 % change on previous year | -170.0% |
| 1968 | -0.0897 % change on previous year | -98.0% |
| 1969 | 10.38 % change on previous year | -11675.2% |
| 1970 | -2.19 % change on previous year | -121.1% |
| 1971 | 3.05 % change on previous year | -239.5% |
| 1972 | 5.71 % change on previous year | +86.9% |
| 1973 | 7.71 % change on previous year | +35.0% |
| 1974 | 3.86 % change on previous year | -49.9% |
| 1975 | -1.68 % change on previous year | -143.4% |
| 1976 | 2.71 % change on previous year | -261.6% |
| 1977 | -3.86 % change on previous year | -242.5% |
| 1978 | -0.5495 % change on previous year | -85.8% |
| 1979 | -0.4303 % change on previous year | -21.7% |
| 1980 | 0.9411 % change on previous year | -318.7% |
| 1981 | 3.22 % change on previous year | +242.2% |
| 1982 | 0.8832 % change on previous year | -72.6% |
| 1983 | 5.76 % change on previous year | +551.8% |
| 1984 | 4.63 % change on previous year | -19.6% |
| 1985 | -1.35 % change on previous year | -129.3% |
| 1986 | 7.16 % change on previous year | -629.0% |
| 1987 | 4.5 % change on previous year | -37.1% |
| 1988 | 4.74 % change on previous year | +5.4% |
| 1989 | 0.8803 % change on previous year | -81.4% |
| 1990 | 0.9537 % change on previous year | +8.3% |
| 1991 | -2.12 % change on previous year | -321.9% |
| 1992 | 2.7 % change on previous year | -227.6% |
| 1993 | 7.43 % change on previous year | +175.4% |
| 1994 | 6.42 % change on previous year | -13.6% |
| 1995 | 5.27 % change on previous year | -17.9% |
| 1996 | 5.02 % change on previous year | -4.9% |
| 1997 | 2.93 % change on previous year | -41.7% |
| 1998 | 2.36 % change on previous year | -19.3% |
| 1999 | 6.04 % change on previous year | +155.9% |
| 2000 | 2.34 % change on previous year | -61.3% |
| 2001 | 3.31 % change on previous year | +41.4% |
| 2002 | 3.09 % change on previous year | -6.6% |
| 2003 | 2.87 % change on previous year | -7.2% |
| 2004 | 0.6198 % change on previous year | -78.4% |
| 2005 | 3.97 % change on previous year | +540.9% |
| 2006 | 1.54 % change on previous year | -61.2% |
| 2007 | 7.24 % change on previous year | +369.4% |
| 2008 | 1.16 % change on previous year | -84.0% |
| 2009 | 1.2 % change on previous year | +3.5% |
| 2010 | 4.26 % change on previous year | +254.5% |
| 2011 | 4.98 % change on previous year | +16.8% |
| 2012 | 0.8159 % change on previous year | -83.6% |
| 2013 | 2.61 % change on previous year | +219.3% |
| 2014 | 3.43 % change on previous year | +31.5% |
| 2015 | 1.2 % change on previous year | -64.8% |
| 2016 | 6.54 % change on previous year | +442.5% |
| 2017 | 3.82 % change on previous year | -41.6% |
| 2018 | -0.014 % change on previous year | -100.4% |
| 2019 | 6.44 % change on previous year | -46006.4% |
| 2020 | 0.6551 % change on previous year | -89.8% |
| 2021 | 2.08 % change on previous year | +218.2% |
| 2022 | 2.33 % change on previous year | +11.5% |
| 2023 | 1.94 % change on previous year | -16.5% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | +46006.4% | -0.014 % change on previous year | 6.44 % change on previous year |
| 1969 | +11675.2% | -0.0897 % change on previous year | 10.38 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 3.22 % change on previous year | -8.07 % change on previous year | 9.9 % change on previous year | 9 |
| 1960s | 5.1 % change on previous year | -4.52 % change on previous year | 13.22 % change on previous year | 10 |
| 1970s | 1.43 % change on previous year | -3.86 % change on previous year | 7.71 % change on previous year | 10 |
| 1980s | 3.14 % change on previous year | -1.35 % change on previous year | 7.16 % change on previous year | 10 |
| 1990s | 3.7 % change on previous year | -2.12 % change on previous year | 7.43 % change on previous year | 10 |
| 2000s | 2.73 % change on previous year | 0.6198 % change on previous year | 7.24 % change on previous year | 10 |
| 2010s | 3.41 % change on previous year | -0.014 % change on previous year | 6.54 % change on previous year | 10 |
| 2020s | 1.75 % change on previous year | 0.6551 % change on previous year | 2.33 % change on previous year | 4 |
Countries ranked near New Zealand
- 101 Japan 2.13 % change on previous year compare
- 102 Mauritius 2 % change on previous year compare
- 103 Slovakia 1.96 % change on previous year compare
- 105 Suriname 1.82 % change on previous year compare
- 106 Malawi 1.78 % change on previous year compare
- 107 Albania 1.76 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.48 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.61 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 104.98 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 677.46 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 27.59 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in New Zealand?
- Gross domestic product (gdp), annual growth rate in New Zealand was 1.94 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in New Zealand?
- The highest recorded value was 13.22 % change on previous year in 1960.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in New Zealand?
- The lowest recorded value was -8.07 % change on previous year in 1951.
- How does New Zealand rank for gross domestic product (gdp), annual growth rate?
- New Zealand ranks 104th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in New Zealand?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.