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 198 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.
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
- External balance on goods and services as a percent of GDP -1.3% (2024)
- Inflation of consumer prices 2.8% (2025)
- GDP per capita 41,336 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2023)
- Gross domestic product (GDP) 220.10 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 41,336 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -1.25 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -754.10 million current US$ (2024)
- Taxes less subsidies on products 34.74 billion current LCU (2023)
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 198 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.