Gross Domestic Product — Value Standard Local Currency, annual growth in New Zealand
New Zealand: Gross Domestic Product — Value Standard Local Currency, annual growth was 3.47 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in New Zealand, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in New Zealand stood at 3.47 % change on previous year.
Compared with earlier readings it is down 40.0% on the previous year and down 18.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in New Zealand peaked at 21.44 % change on previous year in 1976 and was at its lowest, -0.2376 % change on previous year, in 1991.
That places New Zealand 183rd out of 218 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 18.19 % change on previous year | — |
| 1972 | 15.58 % change on previous year | -14.4% |
| 1973 | 15.88 % change on previous year | +1.9% |
| 1974 | 8.98 % change on previous year | -43.4% |
| 1975 | 12.76 % change on previous year | +42.1% |
| 1976 | 21.44 % change on previous year | +68.0% |
| 1977 | 12.12 % change on previous year | -43.5% |
| 1978 | 13.68 % change on previous year | +12.8% |
| 1979 | 15.37 % change on previous year | +12.4% |
| 1980 | 16.75 % change on previous year | +8.9% |
| 1981 | 21.01 % change on previous year | +25.5% |
| 1982 | 15.15 % change on previous year | -27.9% |
| 1983 | 11.45 % change on previous year | -24.5% |
| 1984 | 13.4 % change on previous year | +17.1% |
| 1985 | 15.47 % change on previous year | +15.5% |
| 1986 | 18.81 % change on previous year | +21.6% |
| 1987 | 12.45 % change on previous year | -33.8% |
| 1988 | 8.38 % change on previous year | -32.7% |
| 1989 | 5.67 % change on previous year | -32.3% |
| 1990 | 2.05 % change on previous year | -63.8% |
| 1991 | -0.2376 % change on previous year | -111.6% |
| 1992 | 3.06 % change on previous year | -1385.9% |
| 1993 | 7.86 % change on previous year | +157.1% |
| 1994 | 6.96 % change on previous year | -11.4% |
| 1995 | 6.53 % change on previous year | -6.2% |
| 1996 | 5.06 % change on previous year | -22.5% |
| 1997 | 3.67 % change on previous year | -27.4% |
| 1998 | 1.92 % change on previous year | -47.7% |
| 1999 | 5.99 % change on previous year | +212.0% |
| 2000 | 5.84 % change on previous year | -2.5% |
| 2001 | 7.4 % change on previous year | +26.8% |
| 2002 | 5.03 % change on previous year | -32.1% |
| 2003 | 6.89 % change on previous year | +37.1% |
| 2004 | 6.96 % change on previous year | +1.0% |
| 2005 | 5.42 % change on previous year | -22.1% |
| 2006 | 5.56 % change on previous year | +2.6% |
| 2007 | 8.53 % change on previous year | +53.3% |
| 2008 | 1.46 % change on previous year | -82.8% |
| 2009 | 2.59 % change on previous year | +76.8% |
| 2010 | 4.65 % change on previous year | +79.7% |
| 2011 | 4.77 % change on previous year | +2.5% |
| 2012 | 2.1 % change on previous year | -56.0% |
| 2013 | 7.04 % change on previous year | +235.8% |
| 2014 | 4.25 % change on previous year | -39.5% |
| 2015 | 5.23 % change on previous year | +23.0% |
| 2016 | 6.25 % change on previous year | +19.4% |
| 2017 | 7.14 % change on previous year | +14.2% |
| 2018 | 5.31 % change on previous year | -25.6% |
| 2019 | 5.52 % change on previous year | +3.9% |
| 2020 | 1.52 % change on previous year | -72.4% |
| 2021 | 9.33 % change on previous year | +513.5% |
| 2022 | 8.25 % change on previous year | -11.6% |
| 2023 | 5.79 % change on previous year | -29.9% |
| 2024 | 3.47 % change on previous year | -40.0% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1992 | +1385.9% | -0.2376 % change on previous year | 3.06 % change on previous year |
| 2021 | +513.5% | 1.52 % change on previous year | 9.33 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.89 % change on previous year | 8.98 % change on previous year | 21.44 % change on previous year | 9 |
| 1980s | 13.85 % change on previous year | 5.67 % change on previous year | 21.01 % change on previous year | 10 |
| 1990s | 4.29 % change on previous year | -0.2376 % change on previous year | 7.86 % change on previous year | 10 |
| 2000s | 5.57 % change on previous year | 1.46 % change on previous year | 8.53 % change on previous year | 10 |
| 2010s | 5.23 % change on previous year | 2.1 % change on previous year | 7.14 % change on previous year | 10 |
| 2020s | 5.67 % change on previous year | 1.52 % change on previous year | 9.33 % change on previous year | 5 |
Countries ranked near New Zealand
- 180 Panama 3.53 % change on previous year compare
- 181 France 3.51 % change on previous year compare
- 182 Thailand 3.48 % change on previous year compare
- 184 Estonia 3.46 % change on previous year compare
- 185 Equatorial Guinea 3.43 % change on previous year compare
- 186 Bahrain 3.34 % 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 — value standard local currency, annual growth in New Zealand?
- Gross domestic product — value standard local currency, annual growth in New Zealand was 3.47 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in New Zealand?
- The highest recorded value was 21.44 % change on previous year in 1976.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in New Zealand?
- The lowest recorded value was -0.2376 % change on previous year in 1991.
- How does New Zealand rank for gross domestic product — value standard local currency, annual growth?
- New Zealand ranks 183rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in New Zealand?
- Over the last ten years it is down 18.4%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.