Industry (including construction), value added (constant LCU) in New Zealand
New Zealand: Industry (including construction), value added (constant LCU) was 63.45 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in New Zealand, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in New Zealand stood at 63.45 billion constant LCU.
That represents a change of down 4.7% on the previous year and up 11.3% over ten years.
Over the whole period, industry (including construction), value added in New Zealand peaked at 66.55 billion constant LCU in 2023 and was at its lowest, 33.38 billion constant LCU, in 1978.
New Zealand ranks 113th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Industry (including construction), value added (constant LCU) in New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1977 | 33.99 billion constant LCU | — |
| 1978 | 33.38 billion constant LCU | -1.8% |
| 1979 | 33.84 billion constant LCU | +1.4% |
| 1980 | 33.48 billion constant LCU | -1.1% |
| 1981 | 35.96 billion constant LCU | +7.4% |
| 1982 | 36.40 billion constant LCU | +1.2% |
| 1983 | 37.85 billion constant LCU | +4.0% |
| 1984 | 40.53 billion constant LCU | +7.1% |
| 1985 | 39.23 billion constant LCU | -3.2% |
| 1986 | 39.65 billion constant LCU | +1.1% |
| 1987 | 38.73 billion constant LCU | -2.3% |
| 1988 | 37.99 billion constant LCU | -1.9% |
| 1989 | 37.98 billion constant LCU | -0.0% |
| 1990 | 36.25 billion constant LCU | -4.6% |
| 1991 | 34.71 billion constant LCU | -4.2% |
| 1992 | 35.57 billion constant LCU | +2.5% |
| 1993 | 37.98 billion constant LCU | +6.8% |
| 1994 | 40.45 billion constant LCU | +6.5% |
| 1995 | 41.62 billion constant LCU | +2.9% |
| 1996 | 42.88 billion constant LCU | +3.0% |
| 1997 | 43.38 billion constant LCU | +1.2% |
| 1998 | 42.49 billion constant LCU | -2.1% |
| 1999 | 44.74 billion constant LCU | +5.3% |
| 2000 | 45.13 billion constant LCU | +0.9% |
| 2001 | 45.59 billion constant LCU | +1.0% |
| 2002 | 49.25 billion constant LCU | +8.0% |
| 2003 | 50.87 billion constant LCU | +3.3% |
| 2004 | 52.99 billion constant LCU | +4.2% |
| 2005 | 53.76 billion constant LCU | +1.5% |
| 2006 | 53.84 billion constant LCU | +0.1% |
| 2007 | 57.03 billion constant LCU | +5.9% |
| 2008 | 54.10 billion constant LCU | -5.2% |
| 2009 | 53.53 billion constant LCU | -1.0% |
| 2010 | 53.68 billion constant LCU | +0.3% |
| 2011 | 52.57 billion constant LCU | -2.1% |
| 2012 | 53.80 billion constant LCU | +2.3% |
| 2013 | 54.51 billion constant LCU | +1.3% |
| 2014 | 57.02 billion constant LCU | +4.6% |
| 2015 | 59.03 billion constant LCU | +3.5% |
| 2016 | 60.99 billion constant LCU | +3.3% |
| 2017 | 63.10 billion constant LCU | +3.5% |
| 2018 | 64.73 billion constant LCU | +2.6% |
| 2019 | 66.17 billion constant LCU | +2.2% |
| 2020 | 65.58 billion constant LCU | -0.9% |
| 2021 | 64.99 billion constant LCU | -0.9% |
| 2022 | 65.34 billion constant LCU | +0.5% |
| 2023 | 66.55 billion constant LCU | +1.9% |
| 2024 | 63.45 billion constant LCU | -4.7% |
New Zealand compared with similar countries
- New Zealand's 63.45 billion constant LCU is above the median for high income countries, which is 57.24 billion constant LCU, 1.1× the median. (70 countries reporting)
- New Zealand's 63.45 billion constant LCU is below the median for East Asia & Pacific, which is 154.77 billion constant LCU, 41% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 33.74 billion constant LCU | 33.38 billion constant LCU | 33.99 billion constant LCU | 3 |
| 1980s | 37.78 billion constant LCU | 33.48 billion constant LCU | 40.53 billion constant LCU | 10 |
| 1990s | 40.01 billion constant LCU | 34.71 billion constant LCU | 44.74 billion constant LCU | 10 |
| 2000s | 51.61 billion constant LCU | 45.13 billion constant LCU | 57.03 billion constant LCU | 10 |
| 2010s | 58.56 billion constant LCU | 52.57 billion constant LCU | 66.17 billion constant LCU | 10 |
| 2020s | 65.18 billion constant LCU | 63.45 billion constant LCU | 66.55 billion constant LCU | 5 |
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 industry (including construction), value added in New Zealand?
- Industry (including construction), value added in New Zealand was 63.45 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in New Zealand?
- The highest recorded value was 66.55 billion constant LCU in 2023.
- What is the lowest industry (including construction), value added recorded in New Zealand?
- The lowest recorded value was 33.38 billion constant LCU in 1978.
- How does New Zealand rank for industry (including construction), value added?
- New Zealand ranks 113th out of 200 countries with data for 2024.
- Is industry (including construction), value added rising or falling in New Zealand?
- Over the last ten years it is up 11.3%. The long-run trend across the full record is rising.
- Where does this New Zealand data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.