Gross national expenditure in New Zealand
New Zealand: Gross national expenditure was 436.87 billion current LCU in 2024. ◆ Volatile
Latest (2024)
436.87 billion current LCU
Change on year
up 2.0%
World rank
115th
of 185 countries
All-time high
436.87 billion current LCU
in 2024
All-time low
6.00 billion current LCU
in 1970
Years of data
55
1970–2024
Gross national expenditure in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross national expenditure in New Zealand stood at 436.87 billion current LCU. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 81.4% over ten years.
Over the whole period, gross national expenditure in New Zealand peaked at 436.87 billion current LCU in 2024 and was at its lowest, 6.00 billion current LCU, in 1970.
That places New Zealand 115th out of 185 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 national expenditure in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 6.00 billion current LCU | — |
| 1971 | 6.93 billion current LCU | +15.7% |
| 1972 | 7.84 billion current LCU | +13.0% |
| 1973 | 9.35 billion current LCU | +19.2% |
| 1974 | 11.45 billion current LCU | +22.5% |
| 1975 | 12.29 billion current LCU | +7.4% |
| 1976 | 14.33 billion current LCU | +16.6% |
| 1977 | 15.92 billion current LCU | +11.1% |
| 1978 | 17.68 billion current LCU | +11.1% |
| 1979 | 20.87 billion current LCU | +18.1% |
| 1980 | 24.25 billion current LCU | +16.2% |
| 1981 | 29.92 billion current LCU | +23.4% |
| 1982 | 34.41 billion current LCU | +15.0% |
| 1983 | 37.69 billion current LCU | +9.5% |
| 1984 | 43.32 billion current LCU | +14.9% |
| 1985 | 49.81 billion current LCU | +15.0% |
| 1986 | 57.66 billion current LCU | +15.8% |
| 1987 | 63.71 billion current LCU | +10.5% |
| 1988 | 67.83 billion current LCU | +6.5% |
| 1989 | 74.10 billion current LCU | +9.2% |
| 1990 | 75.47 billion current LCU | +1.9% |
| 1991 | 73.19 billion current LCU | -3.0% |
| 1992 | 75.84 billion current LCU | +3.6% |
| 1993 | 81.37 billion current LCU | +7.3% |
| 1994 | 87.85 billion current LCU | +8.0% |
| 1995 | 94.43 billion current LCU | +7.5% |
| 1996 | 99.50 billion current LCU | +5.4% |
| 1997 | 103.35 billion current LCU | +3.9% |
| 1998 | 105.40 billion current LCU | +2.0% |
| 1999 | 112.66 billion current LCU | +6.9% |
| 2000 | 116.28 billion current LCU | +3.2% |
| 2001 | 124.04 billion current LCU | +6.7% |
| 2002 | 131.08 billion current LCU | +5.7% |
| 2003 | 141.95 billion current LCU | +8.3% |
| 2004 | 154.11 billion current LCU | +8.6% |
| 2005 | 165.30 billion current LCU | +7.3% |
| 2006 | 172.67 billion current LCU | +4.5% |
| 2007 | 186.45 billion current LCU | +8.0% |
| 2008 | 190.32 billion current LCU | +2.1% |
| 2009 | 190.26 billion current LCU | -0.0% |
| 2010 | 199.19 billion current LCU | +4.7% |
| 2011 | 209.94 billion current LCU | +5.4% |
| 2012 | 216.35 billion current LCU | +3.1% |
| 2013 | 229.09 billion current LCU | +5.9% |
| 2014 | 240.85 billion current LCU | +5.1% |
| 2015 | 252.86 billion current LCU | +5.0% |
| 2016 | 269.35 billion current LCU | +6.5% |
| 2017 | 288.08 billion current LCU | +7.0% |
| 2018 | 306.30 billion current LCU | +6.3% |
| 2019 | 322.86 billion current LCU | +5.4% |
| 2020 | 330.56 billion current LCU | +2.4% |
| 2021 | 372.23 billion current LCU | +12.6% |
| 2022 | 414.00 billion current LCU | +11.2% |
| 2023 | 428.36 billion current LCU | +3.5% |
| 2024 | 436.87 billion current LCU | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.27 billion current LCU | 6.00 billion current LCU | 20.87 billion current LCU | 10 |
| 1980s | 48.27 billion current LCU | 24.25 billion current LCU | 74.10 billion current LCU | 10 |
| 1990s | 90.91 billion current LCU | 73.19 billion current LCU | 112.66 billion current LCU | 10 |
| 2000s | 157.24 billion current LCU | 116.28 billion current LCU | 190.32 billion current LCU | 10 |
| 2010s | 253.49 billion current LCU | 199.19 billion current LCU | 322.86 billion current LCU | 10 |
| 2020s | 396.40 billion current LCU | 330.56 billion current LCU | 436.87 billion current LCU | 5 |
Countries ranked near New Zealand
- 112 Singapore 503.93 billion current LCU compare
- 113 Austria 499.55 billion current LCU compare
- 114 Republic of Moldova 456.62 billion current LCU compare
- 116 Bolivia, Plurinational State of 394.81 billion current LCU compare
- 117 Ireland 379.31 billion current LCU compare
- 118 Cape Verde 333.16 billion current LCU 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)
- 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)
- Services, value added (current US$), per capita 33,641 current US$ per person (2023)
- Services, value added (current LCU), annual growth rate 7.31 % change on previous year (2023)
- Services, value added (current LCU), per unit of GDP 1.11 current LCU per US$ of GDP (2023)
- Services, value added (current LCU), per capita 54,782 current LCU per person (2023)
- Services, value added (constant 2015 US$), annual growth rate -0.1121 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5794 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross national expenditure in New Zealand?
- Gross national expenditure in New Zealand was 436.87 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in New Zealand?
- The highest recorded value was 436.87 billion current LCU in 2024.
- What is the lowest gross national expenditure recorded in New Zealand?
- The lowest recorded value was 6.00 billion current LCU in 1970.
- How does New Zealand rank for gross national expenditure?
- New Zealand ranks 115th out of 185 countries with data for 2024.
- Is gross national expenditure rising or falling in New Zealand?
- Over the last ten years it is up 81.4%. The long-run trend across the full record is volatile.
- 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 national expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.