Industry (including construction), value added (current US$) in New Zealand
New Zealand: Industry (including construction), value added (current US$) was 49.83 billion current US$ in 2023. ◆ Volatile
Industry (including construction), value added in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
New Zealand recorded 49.83 billion current US$ for industry (including construction), value added in 2023. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 1.6% on the previous year and up 28.3% over ten years.
Over the whole period, industry (including construction), value added in New Zealand peaked at 49.83 billion current US$ in 2023 and was at its lowest, 2.81 billion current US$, in 1971.
That places New Zealand 56th out of 209 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added (current US$) in New Zealand, year by year
| Year | current US$ | Change |
|---|---|---|
| 1971 | 2.81 billion current US$ | — |
| 1972 | 3.29 billion current US$ | +17.0% |
| 1973 | 4.34 billion current US$ | +32.0% |
| 1974 | 5.04 billion current US$ | +16.1% |
| 1975 | 4.42 billion current US$ | -12.2% |
| 1976 | 4.81 billion current US$ | +8.7% |
| 1977 | 5.51 billion current US$ | +14.7% |
| 1978 | 6.52 billion current US$ | +18.2% |
| 1979 | 7.18 billion current US$ | +10.2% |
| 1980 | 8.04 billion current US$ | +12.0% |
| 1981 | 8.80 billion current US$ | +9.4% |
| 1982 | 8.93 billion current US$ | +1.5% |
| 1983 | 8.75 billion current US$ | -1.9% |
| 1984 | 7.76 billion current US$ | -11.3% |
| 1985 | 8.31 billion current US$ | +7.1% |
| 1986 | 9.61 billion current US$ | +15.6% |
| 1987 | 11.62 billion current US$ | +20.9% |
| 1988 | 12.55 billion current US$ | +8.0% |
| 1989 | 12.17 billion current US$ | -3.0% |
| 1990 | 12.07 billion current US$ | -0.8% |
| 1991 | 11.11 billion current US$ | -8.0% |
| 1992 | 10.81 billion current US$ | -2.7% |
| 1993 | 12.15 billion current US$ | +12.3% |
| 1994 | 14.68 billion current US$ | +20.9% |
| 1995 | 16.44 billion current US$ | +12.0% |
| 1996 | 17.58 billion current US$ | +6.9% |
| 1997 | 16.39 billion current US$ | -6.7% |
| 1998 | 13.39 billion current US$ | -18.3% |
| 1999 | 14.14 billion current US$ | +5.6% |
| 2000 | 12.41 billion current US$ | -12.2% |
| 2001 | 12.45 billion current US$ | +0.3% |
| 2002 | 15.90 billion current US$ | +27.7% |
| 2003 | 20.53 billion current US$ | +29.1% |
| 2004 | 24.47 billion current US$ | +19.2% |
| 2005 | 27.47 billion current US$ | +12.2% |
| 2006 | 25.65 billion current US$ | -6.6% |
| 2007 | 31.51 billion current US$ | +22.9% |
| 2008 | 31.25 billion current US$ | -0.8% |
| 2009 | 26.27 billion current US$ | -15.9% |
| 2010 | 31.40 billion current US$ | +19.5% |
| 2011 | 35.52 billion current US$ | +13.1% |
| 2012 | 37.22 billion current US$ | +4.8% |
| 2013 | 38.83 billion current US$ | +4.3% |
| 2014 | 43.22 billion current US$ | +11.3% |
| 2015 | 37.80 billion current US$ | -12.5% |
| 2016 | 38.16 billion current US$ | +0.9% |
| 2017 | 42.46 billion current US$ | +11.3% |
| 2018 | 43.21 billion current US$ | +1.8% |
| 2019 | 43.36 billion current US$ | +0.4% |
| 2020 | 42.53 billion current US$ | -1.9% |
| 2021 | 47.29 billion current US$ | +11.2% |
| 2022 | 49.03 billion current US$ | +3.7% |
| 2023 | 49.83 billion current US$ | +1.6% |
New Zealand compared with similar countries
- New Zealand's 49.83 billion current US$ is above the median for high income countries, which is 25.19 billion current US$, 2.0× the median. (77 countries reporting)
- New Zealand's 49.83 billion current US$ is above the median for East Asia & Pacific, which is 9.23 billion current US$, 5.4× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.88 billion current US$ | 2.81 billion current US$ | 7.18 billion current US$ | 9 |
| 1980s | 9.65 billion current US$ | 7.76 billion current US$ | 12.55 billion current US$ | 10 |
| 1990s | 13.88 billion current US$ | 10.81 billion current US$ | 17.58 billion current US$ | 10 |
| 2000s | 22.79 billion current US$ | 12.41 billion current US$ | 31.51 billion current US$ | 10 |
| 2010s | 39.12 billion current US$ | 31.40 billion current US$ | 43.36 billion current US$ | 10 |
| 2020s | 47.17 billion current US$ | 42.53 billion current US$ | 49.83 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 industry (including construction), value added in New Zealand?
- Industry (including construction), value added in New Zealand was 49.83 billion current US$ in 2023, 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 49.83 billion current US$ in 2023.
- What is the lowest industry (including construction), value added recorded in New Zealand?
- The lowest recorded value was 2.81 billion current US$ in 1971.
- How does New Zealand rank for industry (including construction), value added?
- New Zealand ranks 56th out of 209 countries with data for 2023.
- Is industry (including construction), value added rising or falling in New Zealand?
- Over the last ten years it is up 28.3%. 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 Industry (including construction), value added (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.