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
Latest (2023)
382.74 billion current LCU
Change on year
up 6.1%
World rank
120th
of 207 countries
All-time high
382.74 billion current LCU
in 2023
All-time low
6.77 billion current LCU
in 1971
Years of data
53
1971–2023
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 207 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.
Gross value added at basic prices (GVA) in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1971 | 6.77 billion current LCU | — |
| 1972 | 7.77 billion current LCU | +14.8% |
| 1973 | 9.06 billion current LCU | +16.6% |
| 1974 | 9.95 billion current LCU | +9.8% |
| 1975 | 11.24 billion current LCU | +13.0% |
| 1976 | 13.79 billion current LCU | +22.6% |
| 1977 | 15.47 billion current LCU | +12.2% |
| 1978 | 17.54 billion current LCU | +13.4% |
| 1979 | 20.45 billion current LCU | +16.6% |
| 1980 | 23.82 billion current LCU | +16.4% |
| 1981 | 28.93 billion current LCU | +21.5% |
| 1982 | 32.77 billion current LCU | +13.2% |
| 1983 | 36.49 billion current LCU | +11.4% |
| 1984 | 41.10 billion current LCU | +12.6% |
| 1985 | 47.61 billion current LCU | +15.8% |
| 1986 | 55.71 billion current LCU | +17.0% |
| 1987 | 60.79 billion current LCU | +9.1% |
| 1988 | 66.01 billion current LCU | +8.6% |
| 1989 | 69.06 billion current LCU | +4.6% |
| 1990 | 70.69 billion current LCU | +2.4% |
| 1991 | 70.60 billion current LCU | -0.1% |
| 1992 | 72.80 billion current LCU | +3.1% |
| 1993 | 78.61 billion current LCU | +8.0% |
| 1994 | 83.91 billion current LCU | +6.7% |
| 1995 | 89.12 billion current LCU | +6.2% |
| 1996 | 93.56 billion current LCU | +5.0% |
| 1997 | 97.13 billion current LCU | +3.8% |
| 1998 | 99.37 billion current LCU | +2.3% |
| 1999 | 105.34 billion current LCU | +6.0% |
| 2000 | 111.64 billion current LCU | +6.0% |
| 2001 | 119.97 billion current LCU | +7.5% |
| 2002 | 125.61 billion current LCU | +4.7% |
| 2003 | 134.23 billion current LCU | +6.9% |
| 2004 | 143.44 billion current LCU | +6.9% |
| 2005 | 151.15 billion current LCU | +5.4% |
| 2006 | 158.78 billion current LCU | +5.0% |
| 2007 | 172.56 billion current LCU | +8.7% |
| 2008 | 175.80 billion current LCU | +1.9% |
| 2009 | 180.58 billion current LCU | +2.7% |
| 2010 | 187.92 billion current LCU | +4.1% |
| 2011 | 195.44 billion current LCU | +4.0% |
| 2012 | 199.53 billion current LCU | +2.1% |
| 2013 | 213.74 billion current LCU | +7.1% |
| 2014 | 222.75 billion current LCU | +4.2% |
| 2015 | 234.09 billion current LCU | +5.1% |
| 2016 | 248.06 billion current LCU | +6.0% |
| 2017 | 266.04 billion current LCU | +7.2% |
| 2018 | 280.17 billion current LCU | +5.3% |
| 2019 | 295.76 billion current LCU | +5.6% |
| 2020 | 301.85 billion current LCU | +2.1% |
| 2021 | 328.46 billion current LCU | +8.8% |
| 2022 | 360.82 billion current LCU | +9.9% |
| 2023 | 382.74 billion current LCU | +6.1% |
New Zealand compared with similar countries
- New Zealand's 382.74 billion current LCU is above the median for high income countries, which is 266.17 billion current LCU, 1.4× the median. (77 countries reporting)
- New Zealand's 382.74 billion current LCU is below the median for East Asia & Pacific, which is 504.71 billion current LCU, 76% of the median. (31 countries reporting)
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.48 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.61 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 104.98 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 677.46 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 27.59 % change on previous year (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 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 207 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
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.