Gross value added at basic prices (GVA) (current US$), annual growth in New Zealand
New Zealand: Gross value added at basic prices (GVA) (current US$), annual growth 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$), annual growth in New Zealand peaked at 33.46 % change on previous year in 1973 and was at its lowest, -14.58 % change on previous year, in 1998.
That places New Zealand 170th out of 205 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth 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% |
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
- 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)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9168 current US$ per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current US$), per capita 45,199 current US$ per person (2023)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.08 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.49 current LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current LCU), per capita 73,604 current LCU per person (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -0.7477 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.768 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 37,966 constant 2015 US$ per person (2024)
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$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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.