Inflation, GDP deflator in New Zealand
New Zealand: Inflation, GDP deflator was 3.6% in 2025. ◆ Volatile
Inflation, GDP deflator in New Zealand, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator in New Zealand stood at 3.6%.
That represents a change of down 17.7% on the previous year and up 154.5% over ten years.
Over the whole period, inflation, gdp deflator in New Zealand peaked at 21.5% in 1976 and was at its lowest, -2.4%, in 1966.
New Zealand ranks 95th of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in New Zealand, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 0.2% | — |
| 1962 | 4.5% | +2026.0% |
| 1963 | 3.0% | -34.6% |
| 1964 | 3.3% | +10.5% |
| 1965 | 1.9% | -43.1% |
| 1966 | -2.4% | -229.0% |
| 1967 | 8.7% | -462.9% |
| 1968 | 5.8% | -33.2% |
| 1969 | 0.9% | -84.1% |
| 1970 | 13.3% | +1337.3% |
| 1971 | 13.9% | +4.3% |
| 1972 | 9.2% | -33.4% |
| 1973 | 8.4% | -8.9% |
| 1974 | 3.7% | -56.5% |
| 1975 | 14.6% | +298.9% |
| 1976 | 21.5% | +46.9% |
| 1977 | 16.6% | -22.7% |
| 1978 | 13.0% | -21.9% |
| 1979 | 14.2% | +9.6% |
| 1980 | 14.9% | +4.8% |
| 1981 | 16.3% | +9.7% |
| 1982 | 12.1% | -26.1% |
| 1983 | 7.7% | -36.1% |
| 1984 | 7.8% | +1.0% |
| 1985 | 13.6% | +74.8% |
| 1986 | 16.9% | +24.2% |
| 1987 | 11.5% | -32.2% |
| 1988 | 7.9% | -31.3% |
| 1989 | 5.6% | -28.5% |
| 1990 | 2.4% | -56.7% |
| 1991 | 0.9% | -64.1% |
| 1992 | 2.0% | +127.9% |
| 1993 | 1.5% | -25.4% |
| 1994 | 1.9% | +28.7% |
| 1995 | 1.4% | -26.0% |
| 1996 | 1.4% | -0.2% |
| 1997 | 1.6% | +10.7% |
| 1998 | 1.1% | -32.6% |
| 1999 | 0.6% | -45.0% |
| 2000 | 2.9% | +398.0% |
| 2001 | 3.9% | +33.6% |
| 2002 | 0.3% | -92.3% |
| 2003 | 2.1% | +597.9% |
| 2004 | 2.8% | +33.1% |
| 2005 | 2.0% | -27.4% |
| 2006 | 2.7% | +35.7% |
| 2007 | 5.3% | +95.3% |
| 2008 | 2.8% | -48.1% |
| 2009 | 2.6% | -4.1% |
| 2010 | 3.1% | +19.3% |
| 2011 | 2.4% | -23.5% |
| 2012 | -0.1% | -105.4% |
| 2013 | 4.2% | -3306.0% |
| 2014 | 0.4% | -89.3% |
| 2015 | 1.4% | +216.8% |
| 2016 | 2.4% | +71.0% |
| 2017 | 3.7% | +50.0% |
| 2018 | 1.9% | -48.7% |
| 2019 | 3.3% | +76.2% |
| 2020 | 1.9% | -40.9% |
| 2021 | 4.6% | +133.9% |
| 2022 | 6.2% | +36.9% |
| 2023 | 4.1% | -34.1% |
| 2024 | 4.4% | +7.1% |
| 2025 | 3.6% | -17.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.9% | -2.4% | 8.7% | 9 |
| 1970s | 12.8% | 3.7% | 21.5% | 10 |
| 1980s | 11.4% | 5.6% | 16.9% | 10 |
| 1990s | 1.5% | 0.6% | 2.4% | 10 |
| 2000s | 2.7% | 0.3% | 5.3% | 10 |
| 2010s | 2.3% | -0.1% | 4.2% | 10 |
| 2020s | 4.1% | 1.9% | 6.2% | 6 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 33,643 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.5121 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 49,980 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 1.99 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.67 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 82,583 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.7819 % change on previous year (2024)
Frequently asked questions
- What is inflation, gdp deflator in New Zealand?
- Inflation, gdp deflator in New Zealand was 3.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in New Zealand?
- The highest recorded value was 21.5% in 1976.
- What is the lowest inflation, gdp deflator recorded in New Zealand?
- The lowest recorded value was -2.4% in 1966.
- How does New Zealand rank for inflation, gdp deflator?
- New Zealand ranks 95th out of 214 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in New Zealand?
- Over the last ten years it is up 154.5%. 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 Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.