Services, value added (current LCU) in New Zealand
New Zealand: Services, value added (current LCU) was 284.87 billion current LCU in 2023. ◆ Volatile
Services, value added in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
New Zealand recorded 284.87 billion current LCU for services, value added in 2023. That is the highest value across all 53 years on record.
That represents a change of up 7.3% on the previous year and up 89.9% over ten years.
Over the whole period, services, value added in New Zealand peaked at 284.87 billion current LCU in 2023 and was at its lowest, 3.55 billion current LCU, in 1971.
That places New Zealand 119th out of 206 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) in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1971 | 3.55 billion current LCU | — |
| 1972 | 4.03 billion current LCU | +13.4% |
| 1973 | 4.85 billion current LCU | +20.2% |
| 1974 | 5.46 billion current LCU | +12.8% |
| 1975 | 6.20 billion current LCU | +13.5% |
| 1976 | 7.35 billion current LCU | +18.5% |
| 1977 | 8.41 billion current LCU | +14.4% |
| 1978 | 9.72 billion current LCU | +15.6% |
| 1979 | 10.92 billion current LCU | +12.4% |
| 1980 | 13.09 billion current LCU | +19.8% |
| 1981 | 15.87 billion current LCU | +21.2% |
| 1982 | 18.13 billion current LCU | +14.2% |
| 1983 | 20.43 billion current LCU | +12.7% |
| 1984 | 22.66 billion current LCU | +10.9% |
| 1985 | 27.83 billion current LCU | +22.8% |
| 1986 | 34.06 billion current LCU | +22.4% |
| 1987 | 38.04 billion current LCU | +11.7% |
| 1988 | 41.97 billion current LCU | +10.3% |
| 1989 | 43.48 billion current LCU | +3.6% |
| 1990 | 45.93 billion current LCU | +5.6% |
| 1991 | 45.63 billion current LCU | -0.7% |
| 1992 | 47.20 billion current LCU | +3.4% |
| 1993 | 50.45 billion current LCU | +6.9% |
| 1994 | 53.97 billion current LCU | +7.0% |
| 1995 | 58.16 billion current LCU | +7.8% |
| 1996 | 61.71 billion current LCU | +6.1% |
| 1997 | 64.75 billion current LCU | +4.9% |
| 1998 | 67.59 billion current LCU | +4.4% |
| 1999 | 71.00 billion current LCU | +5.0% |
| 2000 | 74.07 billion current LCU | +4.3% |
| 2001 | 79.95 billion current LCU | +7.9% |
| 2002 | 85.44 billion current LCU | +6.9% |
| 2003 | 92.34 billion current LCU | +8.1% |
| 2004 | 98.75 billion current LCU | +6.9% |
| 2005 | 104.78 billion current LCU | +6.1% |
| 2006 | 110.65 billion current LCU | +5.6% |
| 2007 | 118.36 billion current LCU | +7.0% |
| 2008 | 121.85 billion current LCU | +2.9% |
| 2009 | 127.36 billion current LCU | +4.5% |
| 2010 | 130.95 billion current LCU | +2.8% |
| 2011 | 137.10 billion current LCU | +4.7% |
| 2012 | 141.59 billion current LCU | +3.3% |
| 2013 | 150.01 billion current LCU | +5.9% |
| 2014 | 159.07 billion current LCU | +6.0% |
| 2015 | 168.46 billion current LCU | +5.9% |
| 2016 | 178.18 billion current LCU | +5.8% |
| 2017 | 189.09 billion current LCU | +6.1% |
| 2018 | 200.38 billion current LCU | +6.0% |
| 2019 | 211.54 billion current LCU | +5.6% |
| 2020 | 217.52 billion current LCU | +2.8% |
| 2021 | 240.89 billion current LCU | +10.7% |
| 2022 | 265.47 billion current LCU | +10.2% |
| 2023 | 284.87 billion current LCU | +7.3% |
New Zealand compared with similar countries
- New Zealand's 284.87 billion current LCU is above the median for high income countries, which is 204.15 billion current LCU, 1.4× the median. (77 countries reporting)
- New Zealand's 284.87 billion current LCU is below the median for East Asia & Pacific, which is 565.23 billion current LCU, 50% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.72 billion current LCU | 3.55 billion current LCU | 10.92 billion current LCU | 9 |
| 1980s | 27.56 billion current LCU | 13.09 billion current LCU | 43.48 billion current LCU | 10 |
| 1990s | 56.64 billion current LCU | 45.63 billion current LCU | 71.00 billion current LCU | 10 |
| 2000s | 101.36 billion current LCU | 74.07 billion current LCU | 127.36 billion current LCU | 10 |
| 2010s | 166.64 billion current LCU | 130.95 billion current LCU | 211.54 billion current LCU | 10 |
| 2020s | 252.19 billion current LCU | 217.52 billion current LCU | 284.87 billion current LCU | 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 services, value added in New Zealand?
- Services, value added in New Zealand was 284.87 billion current LCU in 2023, 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 284.87 billion current LCU in 2023.
- What is the lowest services, value added recorded in New Zealand?
- The lowest recorded value was 3.55 billion current LCU in 1971.
- How does New Zealand rank for services, value added?
- New Zealand ranks 119th out of 206 countries with data for 2023.
- Is services, value added rising or falling in New Zealand?
- Over the last ten years it is up 89.9%. 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 Services, value added (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.