Gross domestic savings in New Zealand
New Zealand: Gross domestic savings was 22.0% in 2024. ▬ Flat
Latest (2024)
22.0%
Change on year
up 2.3%
World rank
86th
of 188 countries
All-time high
26.6%
in 2001
All-time low
19.7%
in 1975
Years of data
55
1970–2024
Gross domestic savings in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
New Zealand recorded 22.0% for gross domestic savings in 2024.
That represents a change of up 2.3% on the previous year and down 8.2% over ten years.
Over the whole period, gross domestic savings in New Zealand peaked at 26.6% in 2001 and was at its lowest, 19.7%, in 1975.
That places New Zealand 86th out of 188 countries with data for 2024, putting it in the middle of the range.
Gross domestic savings in New Zealand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 20.9% | — |
| 1971 | 23.3% | +11.2% |
| 1972 | 24.3% | +4.5% |
| 1973 | 25.6% | +5.3% |
| 1974 | 21.8% | -15.0% |
| 1975 | 19.7% | -9.4% |
| 1976 | 24.7% | +25.2% |
| 1977 | 23.5% | -4.8% |
| 1978 | 22.5% | -4.4% |
| 1979 | 22.8% | +1.6% |
| 1980 | 20.9% | -8.7% |
| 1981 | 23.3% | +11.6% |
| 1982 | 22.8% | -2.2% |
| 1983 | 25.0% | +9.7% |
| 1984 | 25.3% | +1.5% |
| 1985 | 23.8% | -6.1% |
| 1986 | 25.6% | +7.6% |
| 1987 | 25.0% | -2.5% |
| 1988 | 24.4% | -2.4% |
| 1989 | 23.5% | -3.5% |
| 1990 | 21.3% | -9.3% |
| 1991 | 21.2% | -0.6% |
| 1992 | 21.8% | +3.0% |
| 1993 | 25.0% | +14.5% |
| 1994 | 25.6% | +2.4% |
| 1995 | 25.5% | -0.3% |
| 1996 | 24.7% | -3.1% |
| 1997 | 24.3% | -1.6% |
| 1998 | 22.1% | -8.9% |
| 1999 | 23.7% | +7.2% |
| 2000 | 25.0% | +5.4% |
| 2001 | 26.6% | +6.3% |
| 2002 | 25.8% | -3.0% |
| 2003 | 25.9% | +0.4% |
| 2004 | 25.6% | -1.3% |
| 2005 | 24.0% | -6.3% |
| 2006 | 23.4% | -2.5% |
| 2007 | 24.9% | +6.5% |
| 2008 | 22.7% | -9.0% |
| 2009 | 22.2% | -1.8% |
| 2010 | 22.7% | +1.9% |
| 2011 | 22.2% | -2.0% |
| 2012 | 22.0% | -0.9% |
| 2013 | 23.8% | +8.3% |
| 2014 | 23.9% | +0.4% |
| 2015 | 24.3% | +1.5% |
| 2016 | 24.1% | -0.9% |
| 2017 | 24.8% | +2.9% |
| 2018 | 24.1% | -2.8% |
| 2019 | 24.1% | +0.1% |
| 2020 | 22.8% | -5.5% |
| 2021 | 21.5% | -5.7% |
| 2022 | 21.3% | -0.7% |
| 2023 | 21.5% | +0.8% |
| 2024 | 22.0% | +2.3% |
New Zealand compared with similar countries
- New Zealand's 22.0% is below the median for high income countries, which is 25.7%, 86% of the median. (67 countries reporting)
- New Zealand's 22.0% is above the median for East Asia & Pacific, which is 22.0%, 1.0× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.9% | 19.7% | 25.6% | 10 |
| 1980s | 23.9% | 20.9% | 25.6% | 10 |
| 1990s | 23.5% | 21.2% | 25.6% | 10 |
| 2000s | 24.6% | 22.2% | 26.6% | 10 |
| 2010s | 23.6% | 22.0% | 24.8% | 10 |
| 2020s | 21.8% | 21.3% | 22.8% | 5 |
Countries ranked near New Zealand
- 83 Canada 22.3% compare
- 84 Burkina Faso 22.2% compare
- 85 Costa Rica 22.0% compare
- 87 Bangladesh 22.0% compare
- 88 Portugal 22.0% compare
- 89 France 21.5% 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 savings in New Zealand?
- Gross domestic savings in New Zealand was 22.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in New Zealand?
- The highest recorded value was 26.6% in 2001.
- What is the lowest gross domestic savings recorded in New Zealand?
- The lowest recorded value was 19.7% in 1975.
- How does New Zealand rank for gross domestic savings?
- New Zealand ranks 86th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in New Zealand?
- Over the last ten years it is down 8.2%. The long-run trend across the full record is flat.
- Where does this New Zealand data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.