Gross Domestic Product — Value US$ in New Zealand
New Zealand: Gross Domestic Product — Value US$ was 257,157 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in New Zealand, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in New Zealand stood at 257,157 million USD. That is the highest value across all 55 years on record.
The figure is up 2.0% on the previous year and up 27.7% over ten years.
Over the whole period, gross domestic product — value us$ in New Zealand peaked at 257,157 million USD in 2024 and was at its lowest, 6,624 million USD, in 1970.
That places New Zealand 50th out of 203 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in New Zealand, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 6,624 million USD | — |
| 1971 | 7,938 million USD | +19.8% |
| 1972 | 9,656 million USD | +21.6% |
| 1973 | 12,706 million USD | +31.6% |
| 1974 | 14,262 million USD | +12.2% |
| 1975 | 13,823 million USD | -3.1% |
| 1976 | 13,904 million USD | +0.6% |
| 1977 | 15,205 million USD | +9.4% |
| 1978 | 18,466 million USD | +21.4% |
| 1979 | 20,998 million USD | +13.7% |
| 1980 | 23,365 million USD | +11.3% |
| 1981 | 25,181 million USD | +7.8% |
| 1982 | 25,084 million USD | -0.4% |
| 1983 | 24,889 million USD | -0.8% |
| 1984 | 23,948 million USD | -3.8% |
| 1985 | 24,108 million USD | +0.7% |
| 1986 | 30,292 million USD | +25.7% |
| 1987 | 38,457 million USD | +27.0% |
| 1988 | 46,271 million USD | +20.3% |
| 1989 | 44,634 million USD | -3.5% |
| 1990 | 45,440 million USD | +1.8% |
| 1991 | 43,834 million USD | -3.5% |
| 1992 | 42,061 million USD | -4.0% |
| 1993 | 45,641 million USD | +8.5% |
| 1994 | 53,565 million USD | +17.4% |
| 1995 | 63,151 million USD | +17.9% |
| 1996 | 69,492 million USD | +10.0% |
| 1997 | 69,302 million USD | -0.3% |
| 1998 | 57,180 million USD | -17.5% |
| 1999 | 59,921 million USD | +4.8% |
| 2000 | 54,444 million USD | -9.1% |
| 2001 | 54,109 million USD | -0.6% |
| 2002 | 62,521 million USD | +15.5% |
| 2003 | 83,909 million USD | +34.2% |
| 2004 | 102,446 million USD | +22.1% |
| 2005 | 114,724 million USD | +12.0% |
| 2006 | 111,541 million USD | -2.8% |
| 2007 | 137,192 million USD | +23.0% |
| 2008 | 133,129 million USD | -3.0% |
| 2009 | 121,375 million USD | -8.8% |
| 2010 | 146,517 million USD | +20.7% |
| 2011 | 168,296 million USD | +14.9% |
| 2012 | 176,211 million USD | +4.7% |
| 2013 | 190,909 million USD | +8.3% |
| 2014 | 201,338 million USD | +5.5% |
| 2015 | 178,105 million USD | -11.5% |
| 2016 | 188,898 million USD | +6.1% |
| 2017 | 206,568 million USD | +9.4% |
| 2018 | 211,847 million USD | +2.6% |
| 2019 | 212,847 million USD | +0.5% |
| 2020 | 212,696 million USD | -0.1% |
| 2021 | 253,644 million USD | +19.3% |
| 2022 | 246,128 million USD | -3.0% |
| 2023 | 252,176 million USD | +2.5% |
| 2024 | 257,157 million USD | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13,358 million USD | 6,624 million USD | 20,998 million USD | 10 |
| 1980s | 30,623 million USD | 23,365 million USD | 46,271 million USD | 10 |
| 1990s | 54,959 million USD | 42,061 million USD | 69,492 million USD | 10 |
| 2000s | 97,539 million USD | 54,109 million USD | 137,192 million USD | 10 |
| 2010s | 188,154 million USD | 146,517 million USD | 212,847 million USD | 10 |
| 2020s | 244,360 million USD | 212,696 million USD | 257,157 million USD | 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)
- Industry (including construction), value added (constant 2015 US$) -4.66 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1554 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 7,681 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual -4.66 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.2426 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 11,994 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 3.93 % change on previous year (2023)
- Services, value added (current US$), per unit of GDP 0.6823 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross domestic product — value us$ in New Zealand?
- Gross domestic product — value us$ in New Zealand was 257,157 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in New Zealand?
- The highest recorded value was 257,157 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in New Zealand?
- The lowest recorded value was 6,624 million USD in 1970.
- How does New Zealand rank for gross domestic product — value us$?
- New Zealand ranks 50th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in New Zealand?
- Over the last ten years it is up 27.7%. 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 US$. 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).