Gross value added at basic prices … current US annual growth rate in New Zealand
New Zealand: Gross value added at basic prices … current US annual growth rate was 2.74 % change on previous year in 2023. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in New Zealand, 1972–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross value added at basic prices (gva) (current us$), annual growth in New Zealand stood at 2.74 % change on previous year.
That represents a change of up 279.0% on the previous year and down 67.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in New Zealand peaked at 33.46 % change on previous year in 1973 and was at its lowest, -14.58 % change on previous year, in 1998.
That places New Zealand 170th out of 205 countries with data for 2023, 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 … current US annual growth rate in New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1972 | 20.9 % change on previous year | — |
| 1973 | 33.46 % change on previous year | +60.1% |
| 1974 | 8.85 % change on previous year | -73.5% |
| 1975 | -7.42 % change on previous year | -183.9% |
| 1976 | 5.79 % change on previous year | -177.9% |
| 1977 | 13.69 % change on previous year | +136.7% |
| 1978 | 20.01 % change on previous year | +46.2% |
| 1979 | 11.77 % change on previous year | -41.2% |
| 1980 | 12.18 % change on previous year | +3.5% |
| 1981 | 4.81 % change on previous year | -60.6% |
| 1982 | -0.9406 % change on previous year | -119.6% |
| 1983 | 0.5062 % change on previous year | -153.8% |
| 1984 | -11.15 % change on previous year | -2302.3% |
| 1985 | 14.28 % change on previous year | -228.1% |
| 1986 | 20.81 % change on previous year | +45.7% |
| 1987 | 27.89 % change on previous year | +34.0% |
| 1988 | 13 % change on previous year | -53.4% |
| 1989 | -3.87 % change on previous year | -129.8% |
| 1990 | 3.36 % change on previous year | -186.8% |
| 1991 | -5.96 % change on previous year | -277.2% |
| 1992 | -2.58 % change on previous year | -56.8% |
| 1993 | 12.33 % change on previous year | -578.5% |
| 1994 | 17.84 % change on previous year | +44.7% |
| 1995 | 15.54 % change on previous year | -12.9% |
| 1996 | 9.66 % change on previous year | -37.9% |
| 1997 | -5.67 % change on previous year | -158.7% |
| 1998 | -14.58 % change on previous year | +157.3% |
| 1999 | 4.52 % change on previous year | -131.0% |
| 2000 | -10.33 % change on previous year | -328.5% |
| 2001 | 2.44 % change on previous year | -123.6% |
| 2002 | 23.29 % change on previous year | +856.2% |
| 2003 | 32.42 % change on previous year | +39.2% |
| 2004 | 17.63 % change on previous year | -45.6% |
| 2005 | 10.36 % change on previous year | -41.2% |
| 2006 | -3.25 % change on previous year | -131.4% |
| 2007 | 23.17 % change on previous year | -812.5% |
| 2008 | -2.57 % change on previous year | -111.1% |
| 2009 | -8.71 % change on previous year | +239.5% |
| 2010 | 20.04 % change on previous year | -330.0% |
| 2011 | 14.03 % change on previous year | -30.0% |
| 2012 | 4.7 % change on previous year | -66.5% |
| 2013 | 8.43 % change on previous year | +79.3% |
| 2014 | 5.43 % change on previous year | -35.6% |
| 2015 | -11.66 % change on previous year | -314.9% |
| 2016 | 5.78 % change on previous year | -149.6% |
| 2017 | 9.47 % change on previous year | +63.8% |
| 2018 | 2.55 % change on previous year | -73.0% |
| 2019 | 0.5133 % change on previous year | -79.9% |
| 2020 | 0.4588 % change on previous year | -10.6% |
| 2021 | 18.69 % change on previous year | +3973.4% |
| 2022 | -1.53 % change on previous year | -108.2% |
| 2023 | 2.74 % change on previous year | -279.0% |
New Zealand compared with similar countries
- New Zealand's 2.74 % change on previous year is below the median for high income countries, which is 7.69 % change on previous year, 36% of the median. (77 countries reporting)
- New Zealand's 2.74 % change on previous year is below the median for East Asia & Pacific, which is 5.5 % change on previous year, 50% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices … current US annual growth rate in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +3973.4% | 0.4588 % change on previous year | 18.69 % change on previous year |
| 1984 | -2302.3% | 0.5062 % change on previous year | -11.15 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.38 % change on previous year | -7.42 % change on previous year | 33.46 % change on previous year | 8 |
| 1980s | 7.75 % change on previous year | -11.15 % change on previous year | 27.89 % change on previous year | 10 |
| 1990s | 3.45 % change on previous year | -14.58 % change on previous year | 17.84 % change on previous year | 10 |
| 2000s | 8.44 % change on previous year | -10.33 % change on previous year | 32.42 % change on previous year | 10 |
| 2010s | 5.93 % change on previous year | -11.66 % change on previous year | 20.04 % change on previous year | 10 |
| 2020s | 5.09 % change on previous year | -1.53 % change on previous year | 18.69 % change on previous year | 4 |
Countries ranked near New Zealand
- 167 Uruguay 3.47 % change on previous year compare
- 168 Botswana 3.27 % change on previous year compare
- 169 Afghanistan 3 % change on previous year compare
- 171 Dominican Republic 2.66 % change on previous year compare
- 172 Canada 2.6 % change on previous year compare
- 173 Puerto Rico 2.6 % change on previous year compare
More economy & growth data for New Zealand
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- 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) (current us$), annual growth in New Zealand?
- Gross value added at basic prices (gva) (current us$), annual growth in New Zealand was 2.74 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in New Zealand?
- The highest recorded value was 33.46 % change on previous year in 1973.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in New Zealand?
- The lowest recorded value was -14.58 % change on previous year in 1998.
- How does New Zealand rank for gross value added at basic prices (gva) (current us$), annual growth?
- New Zealand ranks 170th out of 205 countries with data for 2023.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in New Zealand?
- Over the last ten years it is down 67.5%. 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) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.