Gross value added at basic prices (GVA) (constant 2015 US$) in New Zealand
New Zealand: Gross value added at basic prices (GVA) was 200.84 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
200.84 billion constant 2015 US$
Change on year
down 0.7%
World rank
50th
of 194 countries
All-time high
202.35 billion constant 2015 US$
in 2023
All-time low
63.28 billion constant 2015 US$
in 1977
Years of data
48
1977–2024
Gross value added at basic prices (GVA) in New Zealand, 1977–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in New Zealand stood at 200.84 billion constant 2015 US$.
Compared with earlier readings it is down 0.7% on the previous year and up 27.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in New Zealand peaked at 202.35 billion constant 2015 US$ in 2023 and was at its lowest, 63.28 billion constant 2015 US$, in 1977.
That places New Zealand 50th out of 194 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Gross value added at basic prices (GVA) in New Zealand, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1977 | 63.28 billion constant 2015 US$ | — |
| 1978 | 63.71 billion constant 2015 US$ | +0.7% |
| 1979 | 64.98 billion constant 2015 US$ | +2.0% |
| 1980 | 65.56 billion constant 2015 US$ | +0.9% |
| 1981 | 68.28 billion constant 2015 US$ | +4.2% |
| 1982 | 69.09 billion constant 2015 US$ | +1.2% |
| 1983 | 71.35 billion constant 2015 US$ | +3.3% |
| 1984 | 74.73 billion constant 2015 US$ | +4.7% |
| 1985 | 76.53 billion constant 2015 US$ | +2.4% |
| 1986 | 80.83 billion constant 2015 US$ | +5.6% |
| 1987 | 81.50 billion constant 2015 US$ | +0.8% |
| 1988 | 81.27 billion constant 2015 US$ | -0.3% |
| 1989 | 81.13 billion constant 2015 US$ | -0.2% |
| 1990 | 81.26 billion constant 2015 US$ | +0.2% |
| 1991 | 80.46 billion constant 2015 US$ | -1.0% |
| 1992 | 81.32 billion constant 2015 US$ | +1.1% |
| 1993 | 86.51 billion constant 2015 US$ | +6.4% |
| 1994 | 90.70 billion constant 2015 US$ | +4.8% |
| 1995 | 95.03 billion constant 2015 US$ | +4.8% |
| 1996 | 98.30 billion constant 2015 US$ | +3.4% |
| 1997 | 100.37 billion constant 2015 US$ | +2.1% |
| 1998 | 101.07 billion constant 2015 US$ | +0.7% |
| 1999 | 106.47 billion constant 2015 US$ | +5.4% |
| 2000 | 109.72 billion constant 2015 US$ | +3.0% |
| 2001 | 113.42 billion constant 2015 US$ | +3.4% |
| 2002 | 118.58 billion constant 2015 US$ | +4.5% |
| 2003 | 123.93 billion constant 2015 US$ | +4.5% |
| 2004 | 128.91 billion constant 2015 US$ | +4.0% |
| 2005 | 133.23 billion constant 2015 US$ | +3.4% |
| 2006 | 136.86 billion constant 2015 US$ | +2.7% |
| 2007 | 140.97 billion constant 2015 US$ | +3.0% |
| 2008 | 139.77 billion constant 2015 US$ | -0.9% |
| 2009 | 139.68 billion constant 2015 US$ | -0.1% |
| 2010 | 141.72 billion constant 2015 US$ | +1.5% |
| 2011 | 144.90 billion constant 2015 US$ | +2.2% |
| 2012 | 148.11 billion constant 2015 US$ | +2.2% |
| 2013 | 151.82 billion constant 2015 US$ | +2.5% |
| 2014 | 157.62 billion constant 2015 US$ | +3.8% |
| 2015 | 163.25 billion constant 2015 US$ | +3.6% |
| 2016 | 169.21 billion constant 2015 US$ | +3.7% |
| 2017 | 174.76 billion constant 2015 US$ | +3.3% |
| 2018 | 180.52 billion constant 2015 US$ | +3.3% |
| 2019 | 184.72 billion constant 2015 US$ | +2.3% |
| 2020 | 184.61 billion constant 2015 US$ | -0.1% |
| 2021 | 192.38 billion constant 2015 US$ | +4.2% |
| 2022 | 198.41 billion constant 2015 US$ | +3.1% |
| 2023 | 202.35 billion constant 2015 US$ | +2.0% |
| 2024 | 200.84 billion constant 2015 US$ | -0.7% |
New Zealand compared with similar countries
- New Zealand's 200.84 billion constant 2015 US$ is above the median for high income countries, which is 96.66 billion constant 2015 US$, 2.1× the median. (69 countries reporting)
- New Zealand's 200.84 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 6.3× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 63.99 billion constant 2015 US$ | 63.28 billion constant 2015 US$ | 64.98 billion constant 2015 US$ | 3 |
| 1980s | 75.03 billion constant 2015 US$ | 65.56 billion constant 2015 US$ | 81.50 billion constant 2015 US$ | 10 |
| 1990s | 92.15 billion constant 2015 US$ | 80.46 billion constant 2015 US$ | 106.47 billion constant 2015 US$ | 10 |
| 2000s | 128.51 billion constant 2015 US$ | 109.72 billion constant 2015 US$ | 140.97 billion constant 2015 US$ | 10 |
| 2010s | 161.66 billion constant 2015 US$ | 141.72 billion constant 2015 US$ | 184.72 billion constant 2015 US$ | 10 |
| 2020s | 195.72 billion constant 2015 US$ | 184.61 billion constant 2015 US$ | 202.35 billion constant 2015 US$ | 5 |
Countries ranked near New Zealand
- 47 Portugal 213.73 billion constant 2015 US$ compare
- 48 Czechia 206.86 billion constant 2015 US$ compare
- 49 Romania 204.94 billion constant 2015 US$ compare
- 51 Greece 197.10 billion constant 2015 US$ compare
- 52 Iraq 188.32 billion constant 2015 US$ compare
- 53 Qatar 182.43 billion constant 2015 US$ 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)
- SDRs holdings, US dollar, annual growth rate 4.11 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 552.02 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8628 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 403.08 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.49 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in New Zealand?
- Gross value added at basic prices (gva) in New Zealand was 200.84 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in New Zealand?
- The highest recorded value was 202.35 billion constant 2015 US$ in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in New Zealand?
- The lowest recorded value was 63.28 billion constant 2015 US$ in 1977.
- How does New Zealand rank for gross value added at basic prices (gva)?
- New Zealand ranks 50th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in New Zealand?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is rising.
- 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 value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.