Services, value added in New Zealand
New Zealand: Services, value added was 244.84 billion constant LCU in 2024. ▲ Rising
Services, value added in New Zealand, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
New Zealand recorded 244.84 billion constant LCU for services, value added in 2024.
The figure is down 0.1% on the previous year and up 33.7% over ten years.
Over the whole period, services, value added in New Zealand peaked at 245.12 billion constant LCU in 2023 and was at its lowest, 62.50 billion constant LCU, in 1977.
New Zealand ranks 108th of 199 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.
Services, value added in New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1977 | 62.50 billion constant LCU | — |
| 1978 | 64.20 billion constant LCU | +2.7% |
| 1979 | 64.93 billion constant LCU | +1.1% |
| 1980 | 65.33 billion constant LCU | +0.6% |
| 1981 | 67.32 billion constant LCU | +3.1% |
| 1982 | 67.88 billion constant LCU | +0.8% |
| 1983 | 70.67 billion constant LCU | +4.1% |
| 1984 | 73.16 billion constant LCU | +3.5% |
| 1985 | 75.85 billion constant LCU | +3.7% |
| 1986 | 82.63 billion constant LCU | +8.9% |
| 1987 | 83.63 billion constant LCU | +1.2% |
| 1988 | 84.31 billion constant LCU | +0.8% |
| 1989 | 84.67 billion constant LCU | +0.4% |
| 1990 | 84.87 billion constant LCU | +0.2% |
| 1991 | 85.02 billion constant LCU | +0.2% |
| 1992 | 87.04 billion constant LCU | +2.4% |
| 1993 | 91.35 billion constant LCU | +5.0% |
| 1994 | 95.70 billion constant LCU | +4.8% |
| 1995 | 100.74 billion constant LCU | +5.3% |
| 1996 | 103.67 billion constant LCU | +2.9% |
| 1997 | 106.51 billion constant LCU | +2.7% |
| 1998 | 109.16 billion constant LCU | +2.5% |
| 1999 | 115.10 billion constant LCU | +5.4% |
| 2000 | 119.49 billion constant LCU | +3.8% |
| 2001 | 125.36 billion constant LCU | +4.9% |
| 2002 | 130.22 billion constant LCU | +3.9% |
| 2003 | 135.72 billion constant LCU | +4.2% |
| 2004 | 142.24 billion constant LCU | +4.8% |
| 2005 | 147.74 billion constant LCU | +3.9% |
| 2006 | 153.52 billion constant LCU | +3.9% |
| 2007 | 159.45 billion constant LCU | +3.9% |
| 2008 | 159.16 billion constant LCU | -0.2% |
| 2009 | 159.25 billion constant LCU | +0.1% |
| 2010 | 163.67 billion constant LCU | +2.8% |
| 2011 | 168.16 billion constant LCU | +2.7% |
| 2012 | 171.40 billion constant LCU | +1.9% |
| 2013 | 177.01 billion constant LCU | +3.3% |
| 2014 | 183.12 billion constant LCU | +3.5% |
| 2015 | 189.85 billion constant LCU | +3.7% |
| 2016 | 197.53 billion constant LCU | +4.0% |
| 2017 | 205.20 billion constant LCU | +3.9% |
| 2018 | 211.99 billion constant LCU | +3.3% |
| 2019 | 217.91 billion constant LCU | +2.8% |
| 2020 | 217.52 billion constant LCU | -0.2% |
| 2021 | 231.15 billion constant LCU | +6.3% |
| 2022 | 240.49 billion constant LCU | +4.0% |
| 2023 | 245.12 billion constant LCU | +1.9% |
| 2024 | 244.84 billion constant LCU | -0.1% |
New Zealand compared with similar countries
- New Zealand's 244.84 billion constant LCU is above the median for high income countries, which is 203.18 billion constant LCU, 1.2× the median. (70 countries reporting)
- New Zealand's 244.84 billion constant LCU is below the median for East Asia & Pacific, which is 409.12 billion constant LCU, 60% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 63.88 billion constant LCU | 62.50 billion constant LCU | 64.93 billion constant LCU | 3 |
| 1980s | 75.54 billion constant LCU | 65.33 billion constant LCU | 84.67 billion constant LCU | 10 |
| 1990s | 97.92 billion constant LCU | 84.87 billion constant LCU | 115.10 billion constant LCU | 10 |
| 2000s | 143.22 billion constant LCU | 119.49 billion constant LCU | 159.45 billion constant LCU | 10 |
| 2010s | 188.58 billion constant LCU | 163.67 billion constant LCU | 217.91 billion constant LCU | 10 |
| 2020s | 235.82 billion constant LCU | 217.52 billion constant LCU | 245.12 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.48 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.61 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 104.98 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 677.46 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 27.59 % change on previous year (2025)
Frequently asked questions
- What is services, value added in New Zealand?
- Services, value added in New Zealand was 244.84 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in New Zealand?
- The highest recorded value was 245.12 billion constant LCU in 2023.
- What is the lowest services, value added recorded in New Zealand?
- The lowest recorded value was 62.50 billion constant LCU in 1977.
- How does New Zealand rank for services, value added?
- New Zealand ranks 108th out of 199 countries with data for 2024.
- Is services, value added rising or falling in New Zealand?
- Over the last ten years it is up 33.7%. 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 Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.