Gross value added at basic prices (GVA) (constant LCU) in New Zealand
New Zealand: Gross value added at basic prices (GVA) (constant LCU) was 328.39 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in New Zealand, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in New Zealand stood at 328.39 billion constant LCU.
That represents a change of 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 330.87 billion constant LCU in 2023 and was at its lowest, 103.47 billion constant LCU, in 1977.
That places New Zealand 107th out of 198 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) (constant LCU) in New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1977 | 103.47 billion constant LCU | — |
| 1978 | 104.18 billion constant LCU | +0.7% |
| 1979 | 106.25 billion constant LCU | +2.0% |
| 1980 | 107.19 billion constant LCU | +0.9% |
| 1981 | 111.64 billion constant LCU | +4.2% |
| 1982 | 112.97 billion constant LCU | +1.2% |
| 1983 | 116.66 billion constant LCU | +3.3% |
| 1984 | 122.19 billion constant LCU | +4.7% |
| 1985 | 125.14 billion constant LCU | +2.4% |
| 1986 | 132.17 billion constant LCU | +5.6% |
| 1987 | 133.25 billion constant LCU | +0.8% |
| 1988 | 132.89 billion constant LCU | -0.3% |
| 1989 | 132.66 billion constant LCU | -0.2% |
| 1990 | 132.87 billion constant LCU | +0.2% |
| 1991 | 131.56 billion constant LCU | -1.0% |
| 1992 | 132.96 billion constant LCU | +1.1% |
| 1993 | 141.46 billion constant LCU | +6.4% |
| 1994 | 148.31 billion constant LCU | +4.8% |
| 1995 | 155.38 billion constant LCU | +4.8% |
| 1996 | 160.72 billion constant LCU | +3.4% |
| 1997 | 164.12 billion constant LCU | +2.1% |
| 1998 | 165.25 billion constant LCU | +0.7% |
| 1999 | 174.09 billion constant LCU | +5.4% |
| 2000 | 179.39 billion constant LCU | +3.0% |
| 2001 | 185.45 billion constant LCU | +3.4% |
| 2002 | 193.89 billion constant LCU | +4.5% |
| 2003 | 202.63 billion constant LCU | +4.5% |
| 2004 | 210.77 billion constant LCU | +4.0% |
| 2005 | 217.85 billion constant LCU | +3.4% |
| 2006 | 223.78 billion constant LCU | +2.7% |
| 2007 | 230.49 billion constant LCU | +3.0% |
| 2008 | 228.53 billion constant LCU | -0.9% |
| 2009 | 228.38 billion constant LCU | -0.1% |
| 2010 | 231.73 billion constant LCU | +1.5% |
| 2011 | 236.93 billion constant LCU | +2.2% |
| 2012 | 242.17 billion constant LCU | +2.2% |
| 2013 | 248.25 billion constant LCU | +2.5% |
| 2014 | 257.72 billion constant LCU | +3.8% |
| 2015 | 266.92 billion constant LCU | +3.6% |
| 2016 | 276.67 billion constant LCU | +3.7% |
| 2017 | 285.74 billion constant LCU | +3.3% |
| 2018 | 295.16 billion constant LCU | +3.3% |
| 2019 | 302.03 billion constant LCU | +2.3% |
| 2020 | 301.85 billion constant LCU | -0.1% |
| 2021 | 314.55 billion constant LCU | +4.2% |
| 2022 | 324.43 billion constant LCU | +3.1% |
| 2023 | 330.87 billion constant LCU | +2.0% |
| 2024 | 328.39 billion constant LCU | -0.7% |
New Zealand compared with similar countries
- New Zealand's 328.39 billion constant LCU is above the median for high income countries, which is 270.55 billion constant LCU, 1.2× the median. (70 countries reporting)
- New Zealand's 328.39 billion constant LCU is below the median for East Asia & Pacific, which is 473.15 billion constant LCU, 69% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 104.63 billion constant LCU | 103.47 billion constant LCU | 106.25 billion constant LCU | 3 |
| 1980s | 122.68 billion constant LCU | 107.19 billion constant LCU | 133.25 billion constant LCU | 10 |
| 1990s | 150.67 billion constant LCU | 131.56 billion constant LCU | 174.09 billion constant LCU | 10 |
| 2000s | 210.12 billion constant LCU | 179.39 billion constant LCU | 230.49 billion constant LCU | 10 |
| 2010s | 264.33 billion constant LCU | 231.73 billion constant LCU | 302.03 billion constant LCU | 10 |
| 2020s | 320.02 billion constant LCU | 301.85 billion constant LCU | 330.87 billion constant LCU | 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)
- 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 328.39 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in New Zealand?
- The highest recorded value was 330.87 billion constant LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in New Zealand?
- The lowest recorded value was 103.47 billion constant LCU in 1977.
- How does New Zealand rank for gross value added at basic prices (gva)?
- New Zealand ranks 107th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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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 varies by country. This series is expressed in local currency units.