Gross Domestic Product — Value Standard Local Currency in New Zealand
New Zealand: Gross Domestic Product — Value Standard Local Currency was 424,902 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency 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 in New Zealand is 424,902 million SLC, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 75.1% over ten years.
Over the whole period, gross domestic product — value standard local currency in New Zealand peaked at 424,902 million SLC in 2024 and was at its lowest, 5,914 million SLC, in 1970.
That places New Zealand 123rd out of 218 countries with data for 2024, 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 — Value Standard Local Currency in New Zealand, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,914 million SLC | — |
| 1971 | 6,990 million SLC | +18.2% |
| 1972 | 8,079 million SLC | +15.6% |
| 1973 | 9,362 million SLC | +15.9% |
| 1974 | 10,203 million SLC | +9.0% |
| 1975 | 11,505 million SLC | +12.8% |
| 1976 | 13,972 million SLC | +21.4% |
| 1977 | 15,666 million SLC | +12.1% |
| 1978 | 17,809 million SLC | +13.7% |
| 1979 | 20,547 million SLC | +15.4% |
| 1980 | 23,988 million SLC | +16.7% |
| 1981 | 29,029 million SLC | +21.0% |
| 1982 | 33,427 million SLC | +15.2% |
| 1983 | 37,253 million SLC | +11.4% |
| 1984 | 42,244 million SLC | +13.4% |
| 1985 | 48,780 million SLC | +15.5% |
| 1986 | 57,954 million SLC | +18.8% |
| 1987 | 65,167 million SLC | +12.4% |
| 1988 | 70,628 million SLC | +8.4% |
| 1989 | 74,635 million SLC | +5.7% |
| 1990 | 76,167 million SLC | +2.1% |
| 1991 | 75,986 million SLC | -0.2% |
| 1992 | 78,308 million SLC | +3.1% |
| 1993 | 84,460 million SLC | +7.9% |
| 1994 | 90,338 million SLC | +7.0% |
| 1995 | 96,235 million SLC | +6.5% |
| 1996 | 101,101 million SLC | +5.1% |
| 1997 | 104,814 million SLC | +3.7% |
| 1998 | 106,827 million SLC | +1.9% |
| 1999 | 113,228 million SLC | +6.0% |
| 2000 | 119,840 million SLC | +5.8% |
| 2001 | 128,712 million SLC | +7.4% |
| 2002 | 135,183 million SLC | +5.0% |
| 2003 | 144,500 million SLC | +6.9% |
| 2004 | 154,558 million SLC | +7.0% |
| 2005 | 162,939 million SLC | +5.4% |
| 2006 | 172,003 million SLC | +5.6% |
| 2007 | 186,674 million SLC | +8.5% |
| 2008 | 189,406 million SLC | +1.5% |
| 2009 | 194,307 million SLC | +2.6% |
| 2010 | 203,341 million SLC | +4.6% |
| 2011 | 213,031 million SLC | +4.8% |
| 2012 | 217,494 million SLC | +2.1% |
| 2013 | 232,796 million SLC | +7.0% |
| 2014 | 242,699 million SLC | +4.3% |
| 2015 | 255,398 million SLC | +5.2% |
| 2016 | 271,356 million SLC | +6.2% |
| 2017 | 290,725 million SLC | +7.1% |
| 2018 | 306,173 million SLC | +5.3% |
| 2019 | 323,075 million SLC | +5.5% |
| 2020 | 327,990 million SLC | +1.5% |
| 2021 | 358,602 million SLC | +9.3% |
| 2022 | 388,189 million SLC | +8.3% |
| 2023 | 410,651 million SLC | +5.8% |
| 2024 | 424,902 million SLC | +3.5% |
New Zealand compared with similar countries
- New Zealand's 424,902 million SLC is above the median for high income countries, which is 257,567 million SLC, 1.6× the median. (72 countries reporting)
- New Zealand's 424,902 million SLC is below the median for East Asia & Pacific, which is 725,630 million SLC, 59% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,005 million SLC | 5,914 million SLC | 20,547 million SLC | 10 |
| 1980s | 48,310 million SLC | 23,988 million SLC | 74,635 million SLC | 10 |
| 1990s | 92,746 million SLC | 75,986 million SLC | 113,228 million SLC | 10 |
| 2000s | 158,812 million SLC | 119,840 million SLC | 194,307 million SLC | 10 |
| 2010s | 255,609 million SLC | 203,341 million SLC | 323,075 million SLC | 10 |
| 2020s | 382,067 million SLC | 327,990 million SLC | 424,902 million SLC | 5 |
Countries ranked near New Zealand
- 120 Ireland 533,444 million SLC compare
- 121 Austria 481,940 million SLC compare
- 122 Mauritania 426,551 million SLC compare
- 124 China, Macao SAR 403,314 million SLC compare
- 125 Zimbabwe 369,182 million SLC compare
- 126 Bolivia (Plurinational State of) 343,208 million SLC 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 in New Zealand?
- Gross domestic product — value standard local currency in New Zealand was 424,902 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 recorded in New Zealand?
- The highest recorded value was 424,902 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in New Zealand?
- The lowest recorded value was 5,914 million SLC in 1970.
- How does New Zealand rank for gross domestic product — value standard local currency?
- New Zealand ranks 123rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in New Zealand?
- Over the last ten years it is up 75.1%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
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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).