Gross value added at basic prices (GVA) in New Zealand
New Zealand: Gross value added at basic prices (GVA) was 382.74 billion current LCU in 2023. ◆ Volatile
Gross value added at basic prices (GVA) in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
New Zealand recorded 382.74 billion current LCU for gross value added at basic prices (gva) in 2023. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 6.1% on the previous year and up 79.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in New Zealand peaked at 382.74 billion current LCU in 2023 and was at its lowest, 6.77 billion current LCU, in 1971.
New Zealand ranks 120th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.45 billion current LCU | 6.77 billion current LCU | 20.45 billion current LCU | 9 |
| 1980s | 46.23 billion current LCU | 23.82 billion current LCU | 69.06 billion current LCU | 10 |
| 1990s | 86.11 billion current LCU | 70.60 billion current LCU | 105.34 billion current LCU | 10 |
| 2000s | 147.38 billion current LCU | 111.64 billion current LCU | 180.58 billion current LCU | 10 |
| 2010s | 234.35 billion current LCU | 187.92 billion current LCU | 295.76 billion current LCU | 10 |
| 2020s | 343.47 billion current LCU | 301.85 billion current LCU | 382.74 billion current LCU | 4 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- External balance on goods and services as a percent of GDP -1.3% (2024)
- Inflation of consumer prices 2.8% (2025)
- GDP per capita 41,336 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2023)
- Gross domestic product (GDP) 220.10 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 41,336 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -1.25 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -754.10 million current US$ (2024)
- Taxes less subsidies on products 34.74 billion current LCU (2023)
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 382.74 billion current LCU in 2023, 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 382.74 billion current LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in New Zealand?
- The lowest recorded value was 6.77 billion current LCU in 1971.
- How does New Zealand rank for gross value added at basic prices (gva)?
- New Zealand ranks 120th out of 206 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in New Zealand?
- Over the last ten years it is up 79.1%. 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 value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.