Services, value added (current LCU), annual growth rate in New Zealand
New Zealand: Services, value added (current LCU), annual growth rate was 7.31 % change on previous year in 2023. ◆ Volatile
Services, value added (current LCU), annual growth rate in New Zealand, 1972–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, services, value added (current lcu), annual growth rate in New Zealand stood at 7.31 % change on previous year.
The figure is down 28.4% on the previous year and up 22.9% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in New Zealand peaked at 22.83 % change on previous year in 1985 and was at its lowest, -0.6575 % change on previous year, in 1991.
That places New Zealand 98th out of 204 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.
Services, value added (current LCU), annual growth rate in New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1972 | 13.42 % change on previous year | — |
| 1973 | 20.22 % change on previous year | +50.6% |
| 1974 | 12.75 % change on previous year | -36.9% |
| 1975 | 13.51 % change on previous year | +5.9% |
| 1976 | 18.54 % change on previous year | +37.3% |
| 1977 | 14.39 % change on previous year | -22.4% |
| 1978 | 15.55 % change on previous year | +8.1% |
| 1979 | 12.41 % change on previous year | -20.2% |
| 1980 | 19.81 % change on previous year | +59.6% |
| 1981 | 21.25 % change on previous year | +7.3% |
| 1982 | 14.23 % change on previous year | -33.0% |
| 1983 | 12.68 % change on previous year | -10.9% |
| 1984 | 10.93 % change on previous year | -13.8% |
| 1985 | 22.83 % change on previous year | +108.9% |
| 1986 | 22.39 % change on previous year | -2.0% |
| 1987 | 11.68 % change on previous year | -47.8% |
| 1988 | 10.32 % change on previous year | -11.7% |
| 1989 | 3.6 % change on previous year | -65.1% |
| 1990 | 5.64 % change on previous year | +56.9% |
| 1991 | -0.6575 % change on previous year | -111.6% |
| 1992 | 3.44 % change on previous year | -622.6% |
| 1993 | 6.89 % change on previous year | +100.6% |
| 1994 | 6.97 % change on previous year | +1.1% |
| 1995 | 7.76 % change on previous year | +11.3% |
| 1996 | 6.12 % change on previous year | -21.2% |
| 1997 | 4.93 % change on previous year | -19.4% |
| 1998 | 4.37 % change on previous year | -11.2% |
| 1999 | 5.05 % change on previous year | +15.4% |
| 2000 | 4.33 % change on previous year | -14.2% |
| 2001 | 7.94 % change on previous year | +83.3% |
| 2002 | 6.86 % change on previous year | -13.5% |
| 2003 | 8.08 % change on previous year | +17.7% |
| 2004 | 6.94 % change on previous year | -14.1% |
| 2005 | 6.11 % change on previous year | -11.9% |
| 2006 | 5.6 % change on previous year | -8.3% |
| 2007 | 6.96 % change on previous year | +24.3% |
| 2008 | 2.95 % change on previous year | -57.7% |
| 2009 | 4.52 % change on previous year | +53.4% |
| 2010 | 2.82 % change on previous year | -37.6% |
| 2011 | 4.69 % change on previous year | +66.3% |
| 2012 | 3.28 % change on previous year | -30.1% |
| 2013 | 5.94 % change on previous year | +81.1% |
| 2014 | 6.04 % change on previous year | +1.6% |
| 2015 | 5.91 % change on previous year | -2.2% |
| 2016 | 5.77 % change on previous year | -2.3% |
| 2017 | 6.12 % change on previous year | +6.1% |
| 2018 | 5.97 % change on previous year | -2.4% |
| 2019 | 5.57 % change on previous year | -6.7% |
| 2020 | 2.83 % change on previous year | -49.2% |
| 2021 | 10.74 % change on previous year | +279.9% |
| 2022 | 10.21 % change on previous year | -5.0% |
| 2023 | 7.31 % change on previous year | -28.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.1 % change on previous year | 12.41 % change on previous year | 20.22 % change on previous year | 8 |
| 1980s | 14.97 % change on previous year | 3.6 % change on previous year | 22.83 % change on previous year | 10 |
| 1990s | 5.05 % change on previous year | -0.6575 % change on previous year | 7.76 % change on previous year | 10 |
| 2000s | 6.03 % change on previous year | 2.95 % change on previous year | 8.08 % change on previous year | 10 |
| 2010s | 5.21 % change on previous year | 2.82 % change on previous year | 6.12 % change on previous year | 10 |
| 2020s | 7.77 % change on previous year | 2.83 % change on previous year | 10.74 % change on previous year | 4 |
Countries ranked near New Zealand
- 95 Romania 7.53 % change on previous year compare
- 96 Albania 7.51 % change on previous year compare
- 97 Mauritania 7.38 % change on previous year compare
- 99 Czechia 7.28 % change on previous year compare
- 100 Faroe Islands 7.22 % change on previous year compare
- 101 Dominican Republic 7.19 % change on previous year compare
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)
- Services, value added (current US$), annual growth rate 3.93 % change on previous year (2023)
- Services, value added (current US$), per unit of GDP 0.6823 current US$ per US$ of GDP (2023)
- Services, value added (current US$), per capita 33,641 current US$ per person (2023)
- Services, value added (current LCU), per unit of GDP 1.11 current LCU per US$ of GDP (2023)
- Services, value added (current LCU), per capita 54,782 current LCU per person (2023)
- Services, value added (constant 2015 US$), annual growth rate -0.1121 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5794 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 28,640 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in New Zealand?
- Services, value added (current lcu), annual growth rate in New Zealand was 7.31 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in New Zealand?
- The highest recorded value was 22.83 % change on previous year in 1985.
- What is the lowest services, value added (current lcu), annual growth rate recorded in New Zealand?
- The lowest recorded value was -0.6575 % change on previous year in 1991.
- How does New Zealand rank for services, value added (current lcu), annual growth rate?
- New Zealand ranks 98th out of 204 countries with data for 2023.
- Is services, value added (current lcu), annual growth rate rising or falling in New Zealand?
- Over the last ten years it is up 22.9%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.