Gross value added at basic prices (GVA) (current US$) in New Zealand
New Zealand: Gross value added at basic prices (GVA) (current US$) was 235.04 billion current US$ in 2023. ◆ Volatile
Gross value added at basic prices (GVA) in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
New Zealand recorded 235.04 billion current US$ for gross value added at basic prices (gva) in 2023. That is the highest value across all 53 years on record.
The figure is up 2.7% on the previous year and up 34.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in New Zealand peaked at 235.04 billion current US$ in 2023 and was at its lowest, 7.81 billion current US$, in 1971.
That places New Zealand 53rd out of 207 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$) in New Zealand, year by year
| Year | current US$ | Change |
|---|---|---|
| 1971 | 7.81 billion current US$ | — |
| 1972 | 9.44 billion current US$ | +20.9% |
| 1973 | 12.60 billion current US$ | +33.5% |
| 1974 | 13.72 billion current US$ | +8.9% |
| 1975 | 12.70 billion current US$ | -7.4% |
| 1976 | 13.44 billion current US$ | +5.8% |
| 1977 | 15.28 billion current US$ | +13.7% |
| 1978 | 18.33 billion current US$ | +20.0% |
| 1979 | 20.49 billion current US$ | +11.8% |
| 1980 | 22.99 billion current US$ | +12.2% |
| 1981 | 24.09 billion current US$ | +4.8% |
| 1982 | 23.86 billion current US$ | -0.9% |
| 1983 | 23.98 billion current US$ | +0.5% |
| 1984 | 21.31 billion current US$ | -11.1% |
| 1985 | 24.35 billion current US$ | +14.3% |
| 1986 | 29.42 billion current US$ | +20.8% |
| 1987 | 37.63 billion current US$ | +27.9% |
| 1988 | 42.52 billion current US$ | +13.0% |
| 1989 | 40.87 billion current US$ | -3.9% |
| 1990 | 42.25 billion current US$ | +3.4% |
| 1991 | 39.73 billion current US$ | -6.0% |
| 1992 | 38.70 billion current US$ | -2.6% |
| 1993 | 43.48 billion current US$ | +12.3% |
| 1994 | 51.23 billion current US$ | +17.8% |
| 1995 | 59.19 billion current US$ | +15.5% |
| 1996 | 64.91 billion current US$ | +9.7% |
| 1997 | 61.23 billion current US$ | -5.7% |
| 1998 | 52.30 billion current US$ | -14.6% |
| 1999 | 54.67 billion current US$ | +4.5% |
| 2000 | 49.02 billion current US$ | -10.3% |
| 2001 | 50.21 billion current US$ | +2.4% |
| 2002 | 61.91 billion current US$ | +23.3% |
| 2003 | 81.98 billion current US$ | +32.4% |
| 2004 | 96.43 billion current US$ | +17.6% |
| 2005 | 106.42 billion current US$ | +10.4% |
| 2006 | 102.96 billion current US$ | -3.3% |
| 2007 | 126.82 billion current US$ | +23.2% |
| 2008 | 123.57 billion current US$ | -2.6% |
| 2009 | 112.80 billion current US$ | -8.7% |
| 2010 | 135.40 billion current US$ | +20.0% |
| 2011 | 154.40 billion current US$ | +14.0% |
| 2012 | 161.66 billion current US$ | +4.7% |
| 2013 | 175.28 billion current US$ | +8.4% |
| 2014 | 184.79 billion current US$ | +5.4% |
| 2015 | 163.25 billion current US$ | -11.7% |
| 2016 | 172.68 billion current US$ | +5.8% |
| 2017 | 189.03 billion current US$ | +9.5% |
| 2018 | 193.85 billion current US$ | +2.6% |
| 2019 | 194.85 billion current US$ | +0.5% |
| 2020 | 195.74 billion current US$ | +0.5% |
| 2021 | 232.33 billion current US$ | +18.7% |
| 2022 | 228.77 billion current US$ | -1.5% |
| 2023 | 235.04 billion current US$ | +2.7% |
New Zealand compared with similar countries
- New Zealand's 235.04 billion current US$ is above the median for high income countries, which is 110.20 billion current US$, 2.1× the median. (77 countries reporting)
- New Zealand's 235.04 billion current US$ is above the median for East Asia & Pacific, which is 22.97 billion current US$, 10.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.76 billion current US$ | 7.81 billion current US$ | 20.49 billion current US$ | 9 |
| 1980s | 29.10 billion current US$ | 21.31 billion current US$ | 42.52 billion current US$ | 10 |
| 1990s | 50.77 billion current US$ | 38.70 billion current US$ | 64.91 billion current US$ | 10 |
| 2000s | 91.21 billion current US$ | 49.02 billion current US$ | 126.82 billion current US$ | 10 |
| 2010s | 172.52 billion current US$ | 135.40 billion current US$ | 194.85 billion current US$ | 10 |
| 2020s | 222.97 billion current US$ | 195.74 billion current US$ | 235.04 billion current US$ | 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)
- 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 235.04 billion current US$ in 2023, 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 235.04 billion current US$ in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in New Zealand?
- The lowest recorded value was 7.81 billion current US$ in 1971.
- How does New Zealand rank for gross value added at basic prices (gva)?
- New Zealand ranks 53rd 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 34.1%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.