Gross Domestic Product — Value Standard Local Currency, 2015 prices in New Zealand
New Zealand: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 318,506 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in New Zealand, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in New Zealand is 318,506 million SLC, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and up 30.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in New Zealand peaked at 318,909 million SLC in 2023 and was at its lowest, 85,287 million SLC, in 1970.
That places New Zealand 107th out of 194 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in New Zealand, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 85,287 million SLC | — |
| 1971 | 88,515 million SLC | +3.8% |
| 1972 | 93,047 million SLC | +5.1% |
| 1973 | 100,304 million SLC | +7.8% |
| 1974 | 106,316 million SLC | +6.0% |
| 1975 | 104,475 million SLC | -1.7% |
| 1976 | 105,445 million SLC | +0.9% |
| 1977 | 101,295 million SLC | -3.9% |
| 1978 | 101,617 million SLC | +0.3% |
| 1979 | 103,844 million SLC | +2.2% |
| 1980 | 105,178 million SLC | +1.3% |
| 1981 | 110,074 million SLC | +4.7% |
| 1982 | 111,097 million SLC | +0.9% |
| 1983 | 114,977 million SLC | +3.5% |
| 1984 | 120,488 million SLC | +4.8% |
| 1985 | 122,433 million SLC | +1.6% |
| 1986 | 118,009 million SLC | -3.6% |
| 1987 | 120,156 million SLC | +1.8% |
| 1988 | 122,710 million SLC | +2.1% |
| 1989 | 123,264 million SLC | +0.5% |
| 1990 | 124,088 million SLC | +0.7% |
| 1991 | 122,110 million SLC | -1.6% |
| 1992 | 123,713 million SLC | +1.3% |
| 1993 | 131,711 million SLC | +6.5% |
| 1994 | 139,353 million SLC | +5.8% |
| 1995 | 144,862 million SLC | +4.0% |
| 1996 | 149,809 million SLC | +3.4% |
| 1997 | 154,541 million SLC | +3.2% |
| 1998 | 156,464 million SLC | +1.2% |
| 1999 | 164,580 million SLC | +5.2% |
| 2000 | 168,318 million SLC | +2.3% |
| 2001 | 174,848 million SLC | +3.9% |
| 2002 | 183,678 million SLC | +5.1% |
| 2003 | 192,259 million SLC | +4.7% |
| 2004 | 198,491 million SLC | +3.2% |
| 2005 | 204,812 million SLC | +3.2% |
| 2006 | 209,494 million SLC | +2.3% |
| 2007 | 217,478 million SLC | +3.8% |
| 2008 | 213,770 million SLC | -1.7% |
| 2009 | 218,129 million SLC | +2.0% |
| 2010 | 220,131 million SLC | +0.9% |
| 2011 | 225,875 million SLC | +2.6% |
| 2012 | 231,720 million SLC | +2.6% |
| 2013 | 236,393 million SLC | +2.0% |
| 2014 | 244,991 million SLC | +3.6% |
| 2015 | 255,398 million SLC | +4.2% |
| 2016 | 265,193 million SLC | +3.8% |
| 2017 | 276,641 million SLC | +4.3% |
| 2018 | 287,341 million SLC | +3.9% |
| 2019 | 294,457 million SLC | +2.5% |
| 2020 | 294,655 million SLC | +0.1% |
| 2021 | 308,379 million SLC | +4.7% |
| 2022 | 316,588 million SLC | +2.7% |
| 2023 | 318,909 million SLC | +0.7% |
| 2024 | 318,506 million SLC | -0.1% |
New Zealand compared with similar countries
- New Zealand's 318,506 million SLC is above the median for high income countries, which is 171,974 million SLC, 1.9× the median. (68 countries reporting)
- New Zealand's 318,506 million SLC is below the median for East Asia & Pacific, which is 437,060 million SLC, 73% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 99,014 million SLC | 85,287 million SLC | 106,316 million SLC | 10 |
| 1980s | 116,839 million SLC | 105,178 million SLC | 123,264 million SLC | 10 |
| 1990s | 141,123 million SLC | 122,110 million SLC | 164,580 million SLC | 10 |
| 2000s | 198,128 million SLC | 168,318 million SLC | 218,129 million SLC | 10 |
| 2010s | 253,814 million SLC | 220,131 million SLC | 294,457 million SLC | 10 |
| 2020s | 311,407 million SLC | 294,655 million SLC | 318,909 million SLC | 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)
- 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 — value standard local currency, 2015 prices in New Zealand?
- Gross domestic product — value standard local currency, 2015 prices in New Zealand was 318,506 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in New Zealand?
- The highest recorded value was 318,909 million SLC in 2023.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in New Zealand?
- The lowest recorded value was 85,287 million SLC in 1970.
- How does New Zealand rank for gross domestic product — value standard local currency, 2015 prices?
- New Zealand ranks 107th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in New Zealand?
- Over the last ten years it is up 30.0%. The long-run trend across the full record is rising.
- Where does this New Zealand data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).