Gross value added at basic prices (GVA) (constant LCU), annual growth in New Zealand
New Zealand: Gross value added at basic prices (GVA) (constant LCU), annual growth was -0.7477 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in New Zealand, 1978–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), annual growth in New Zealand is -0.7477 % change on previous year, measured in 2024.
Compared with earlier readings it is down 137.7% on the previous year and down 119.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in New Zealand peaked at 6.39 % change on previous year in 1993 and was at its lowest, -0.9904 % change on previous year, in 1991.
That places New Zealand 183rd out of 195 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU), annual growth in New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | 0.6784 % change on previous year | — |
| 1979 | 1.99 % change on previous year | +192.6% |
| 1980 | 0.8923 % change on previous year | -55.1% |
| 1981 | 4.15 % change on previous year | +365.5% |
| 1982 | 1.19 % change on previous year | -71.5% |
| 1983 | 3.27 % change on previous year | +175.9% |
| 1984 | 4.74 % change on previous year | +45.0% |
| 1985 | 2.41 % change on previous year | -49.1% |
| 1986 | 5.61 % change on previous year | +132.6% |
| 1987 | 0.8224 % change on previous year | -85.4% |
| 1988 | -0.2732 % change on previous year | -133.2% |
| 1989 | -0.1768 % change on previous year | -35.3% |
| 1990 | 0.1636 % change on previous year | -192.5% |
| 1991 | -0.9904 % change on previous year | -705.5% |
| 1992 | 1.07 % change on previous year | -208.1% |
| 1993 | 6.39 % change on previous year | +496.7% |
| 1994 | 4.84 % change on previous year | -24.2% |
| 1995 | 4.77 % change on previous year | -1.5% |
| 1996 | 3.44 % change on previous year | -27.8% |
| 1997 | 2.11 % change on previous year | -38.6% |
| 1998 | 0.6922 % change on previous year | -67.2% |
| 1999 | 5.35 % change on previous year | +673.1% |
| 2000 | 3.04 % change on previous year | -43.1% |
| 2001 | 3.38 % change on previous year | +11.0% |
| 2002 | 4.55 % change on previous year | +34.7% |
| 2003 | 4.51 % change on previous year | -0.9% |
| 2004 | 4.02 % change on previous year | -10.8% |
| 2005 | 3.36 % change on previous year | -16.5% |
| 2006 | 2.72 % change on previous year | -18.9% |
| 2007 | 3 % change on previous year | +10.2% |
| 2008 | -0.8516 % change on previous year | -128.4% |
| 2009 | -0.0648 % change on previous year | -92.4% |
| 2010 | 1.46 % change on previous year | -2360.9% |
| 2011 | 2.24 % change on previous year | +53.3% |
| 2012 | 2.21 % change on previous year | -1.5% |
| 2013 | 2.51 % change on previous year | +13.6% |
| 2014 | 3.81 % change on previous year | +51.9% |
| 2015 | 3.57 % change on previous year | -6.4% |
| 2016 | 3.65 % change on previous year | +2.3% |
| 2017 | 3.28 % change on previous year | -10.2% |
| 2018 | 3.3 % change on previous year | +0.5% |
| 2019 | 2.33 % change on previous year | -29.4% |
| 2020 | -0.0616 % change on previous year | -102.6% |
| 2021 | 4.21 % change on previous year | -6934.9% |
| 2022 | 3.14 % change on previous year | -25.4% |
| 2023 | 1.99 % change on previous year | -36.8% |
| 2024 | -0.7477 % change on previous year | -137.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.33 % change on previous year | 0.6784 % change on previous year | 1.99 % change on previous year | 2 |
| 1980s | 2.26 % change on previous year | -0.2732 % change on previous year | 5.61 % change on previous year | 10 |
| 1990s | 2.78 % change on previous year | -0.9904 % change on previous year | 6.39 % change on previous year | 10 |
| 2000s | 2.77 % change on previous year | -0.8516 % change on previous year | 4.55 % change on previous year | 10 |
| 2010s | 2.84 % change on previous year | 1.46 % change on previous year | 3.81 % change on previous year | 10 |
| 2020s | 1.7 % change on previous year | -0.7477 % change on previous year | 4.21 % change on previous year | 5 |
Countries ranked near New Zealand
- 180 Saint Lucia -0.2277 % change on previous year compare
- 181 Mozambique -0.6268 % change on previous year compare
- 182 Japan -0.675 % change on previous year compare
- 184 Bolivia -0.7567 % change on previous year compare
- 185 Botswana -0.8345 % change on previous year compare
- 186 Cuba -1.01 % change on previous year 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)
- 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 value added at basic prices (gva) (constant lcu), annual growth in New Zealand?
- Gross value added at basic prices (gva) (constant lcu), annual growth in New Zealand was -0.7477 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in New Zealand?
- The highest recorded value was 6.39 % change on previous year in 1993.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in New Zealand?
- The lowest recorded value was -0.9904 % change on previous year in 1991.
- How does New Zealand rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- New Zealand ranks 183rd out of 195 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in New Zealand?
- Over the last ten years it is down 119.6%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.