Services, value added (% of GDP) in New Zealand
New Zealand: Services, value added (% of GDP) was 68.2% in 2023. ▲ Rising
Services, value added in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in New Zealand is 68.2%, measured in 2023. That is the highest value across all 53 years on record.
That represents a change of up 1.2% on the previous year and up 5.9% over ten years.
Over the whole period, services, value added in New Zealand peaked at 68.2% in 2023 and was at its lowest, 51.2%, in 1972.
That places New Zealand 41st out of 206 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Services, value added (% of GDP) in New Zealand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 51.8% | — |
| 1972 | 51.2% | -1.2% |
| 1973 | 52.7% | +2.9% |
| 1974 | 54.0% | +2.6% |
| 1975 | 54.5% | +0.8% |
| 1976 | 52.6% | -3.3% |
| 1977 | 53.8% | +2.1% |
| 1978 | 54.8% | +2.0% |
| 1979 | 52.8% | -3.7% |
| 1980 | 54.3% | +2.9% |
| 1981 | 54.1% | -0.4% |
| 1982 | 54.6% | +1.0% |
| 1983 | 55.2% | +1.1% |
| 1984 | 54.2% | -1.8% |
| 1985 | 57.7% | +6.4% |
| 1986 | 58.8% | +1.9% |
| 1987 | 58.3% | -0.8% |
| 1988 | 59.8% | +2.6% |
| 1989 | 58.6% | -2.1% |
| 1990 | 60.3% | +3.0% |
| 1991 | 60.1% | -0.4% |
| 1992 | 60.3% | +0.3% |
| 1993 | 59.7% | -1.0% |
| 1994 | 59.6% | -0.1% |
| 1995 | 60.4% | +1.4% |
| 1996 | 61.0% | +1.0% |
| 1997 | 61.8% | +1.2% |
| 1998 | 63.3% | +2.4% |
| 1999 | 62.7% | -0.9% |
| 2000 | 61.8% | -1.4% |
| 2001 | 62.1% | +0.5% |
| 2002 | 63.2% | +1.8% |
| 2003 | 63.9% | +1.1% |
| 2004 | 63.9% | -0.0% |
| 2005 | 64.3% | +0.7% |
| 2006 | 64.3% | +0.0% |
| 2007 | 63.4% | -1.4% |
| 2008 | 64.2% | +1.2% |
| 2009 | 65.4% | +1.9% |
| 2010 | 64.2% | -1.8% |
| 2011 | 64.3% | +0.1% |
| 2012 | 65.0% | +1.1% |
| 2013 | 64.4% | -0.9% |
| 2014 | 65.5% | +1.7% |
| 2015 | 65.9% | +0.7% |
| 2016 | 65.6% | -0.5% |
| 2017 | 65.0% | -0.9% |
| 2018 | 65.5% | +0.7% |
| 2019 | 65.4% | -0.1% |
| 2020 | 66.1% | +1.1% |
| 2021 | 67.2% | +1.5% |
| 2022 | 67.4% | +0.4% |
| 2023 | 68.2% | +1.2% |
New Zealand compared with similar countries
- New Zealand's 68.2% is above the median for high income countries, which is 66.2%, 1.0× the median. (77 countries reporting)
- New Zealand's 68.2% is above the median for East Asia & Pacific, which is 60.2%, 1.1× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 53.1% | 51.2% | 54.8% | 9 |
| 1980s | 56.6% | 54.1% | 59.8% | 10 |
| 1990s | 60.9% | 59.6% | 63.3% | 10 |
| 2000s | 63.7% | 61.8% | 65.4% | 10 |
| 2010s | 65.1% | 64.2% | 65.9% | 10 |
| 2020s | 67.2% | 66.1% | 68.2% | 4 |
Countries ranked near New Zealand
- 38 Costa Rica 69.2% compare
- 39 Antigua and Barbuda 68.7% compare
- 40 Spain 68.4% compare
- 42 Marshall Islands 68.2% compare
- 43 Seychelles 67.9% compare
- 44 Cape Verde 67.9% 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)
- 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 68.2% 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 68.2% in 2023.
- What is the lowest services, value added recorded in New Zealand?
- The lowest recorded value was 51.2% in 1972.
- How does New Zealand rank for services, value added?
- New Zealand ranks 41st 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 5.9%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.