Taxes less subsidies on products (constant LCU), annual growth rate in New Zealand
New Zealand: Taxes less subsidies on products (constant LCU), annual growth rate was -2.2 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (constant LCU), annual growth rate in New Zealand, 1978–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes less subsidies on products (constant lcu), annual growth rate in New Zealand stood at -2.2 % change on previous year.
Compared with earlier readings it is down 3,712.0% on the previous year and down 156.9% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in New Zealand peaked at 23.09 % change on previous year in 1986 and was at its lowest, -3.77 % change on previous year, in 1982.
That places New Zealand 171st out of 188 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | 0.2364 % change on previous year | — |
| 1979 | 0.0787 % change on previous year | -66.7% |
| 1980 | -1.08 % change on previous year | -1473.2% |
| 1981 | 7.29 % change on previous year | -774.6% |
| 1982 | -3.77 % change on previous year | -151.8% |
| 1983 | 3.56 % change on previous year | -194.2% |
| 1984 | 4.92 % change on previous year | +38.3% |
| 1985 | -1.38 % change on previous year | -128.1% |
| 1986 | 23.09 % change on previous year | -1772.4% |
| 1987 | 4.45 % change on previous year | -80.7% |
| 1988 | -1.19 % change on previous year | -126.6% |
| 1989 | 5.63 % change on previous year | -575.0% |
| 1990 | -0.2162 % change on previous year | -103.8% |
| 1991 | -2.19 % change on previous year | +914.4% |
| 1992 | 1.51 % change on previous year | -168.8% |
| 1993 | 6.34 % change on previous year | +320.5% |
| 1994 | 8.67 % change on previous year | +36.8% |
| 1995 | 4.35 % change on previous year | -49.8% |
| 1996 | 5.48 % change on previous year | +25.8% |
| 1997 | 1.62 % change on previous year | -70.4% |
| 1998 | 2.91 % change on previous year | +79.9% |
| 1999 | 5.81 % change on previous year | +99.6% |
| 2000 | 0.5287 % change on previous year | -90.9% |
| 2001 | 3.93 % change on previous year | +643.2% |
| 2002 | 6.99 % change on previous year | +77.9% |
| 2003 | 7.6 % change on previous year | +8.7% |
| 2004 | 5.01 % change on previous year | -34.0% |
| 2005 | 3.32 % change on previous year | -33.9% |
| 2006 | 3.43 % change on previous year | +3.5% |
| 2007 | 3.82 % change on previous year | +11.2% |
| 2008 | -3.15 % change on previous year | -182.7% |
| 2009 | 0.2659 % change on previous year | -108.4% |
| 2010 | 1.57 % change on previous year | +490.2% |
| 2011 | 0.9601 % change on previous year | -38.8% |
| 2012 | 3.31 % change on previous year | +245.0% |
| 2013 | 3.15 % change on previous year | -4.8% |
| 2014 | 3.87 % change on previous year | +22.7% |
| 2015 | 5.5 % change on previous year | +42.1% |
| 2016 | 4.74 % change on previous year | -13.8% |
| 2017 | 3.7 % change on previous year | -22.0% |
| 2018 | 3.59 % change on previous year | -2.9% |
| 2019 | 2.28 % change on previous year | -36.4% |
| 2020 | -2.16 % change on previous year | -194.4% |
| 2021 | 5.3 % change on previous year | -346.0% |
| 2022 | 5.59 % change on previous year | +5.4% |
| 2023 | -0.0577 % change on previous year | -101.0% |
| 2024 | -2.2 % change on previous year | +3712.0% |
New Zealand compared with similar countries
- New Zealand's -2.2 % change on previous year is below the median for high income countries, which is 2.19 % change on previous year. (66 countries reporting)
- New Zealand's -2.2 % change on previous year is below the median for East Asia & Pacific, which is 3.54 % change on previous year. (24 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), annual growth rate in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2024 | -3712.0% | -0.0577 % change on previous year | -2.2 % change on previous year |
| 1986 | +1772.4% | -1.38 % change on previous year | 23.09 % change on previous year |
| 1980 | -1473.2% | 0.0787 % change on previous year | -1.08 % change on previous year |
| 1991 | -914.4% | -0.2162 % change on previous year | -2.19 % change on previous year |
| 1981 | +774.6% | -1.08 % change on previous year | 7.29 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1575 % change on previous year | 0.0787 % change on previous year | 0.2364 % change on previous year | 2 |
| 1980s | 4.15 % change on previous year | -3.77 % change on previous year | 23.09 % change on previous year | 10 |
| 1990s | 3.43 % change on previous year | -2.19 % change on previous year | 8.67 % change on previous year | 10 |
| 2000s | 3.17 % change on previous year | -3.15 % change on previous year | 7.6 % change on previous year | 10 |
| 2010s | 3.27 % change on previous year | 0.9601 % change on previous year | 5.5 % change on previous year | 10 |
| 2020s | 1.3 % change on previous year | -2.2 % change on previous year | 5.59 % change on previous year | 5 |
Countries ranked near New Zealand
- 168 South Korea -1.12 % change on previous year compare
- 169 Kuwait -1.68 % change on previous year compare
- 170 Macao -1.76 % change on previous year compare
- 172 Saint Lucia -2.69 % change on previous year compare
- 173 Sudan -2.77 % change on previous year compare
- 174 Lesotho -4.5 % 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)
- 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 taxes less subsidies on products (constant lcu), annual growth rate in New Zealand?
- Taxes less subsidies on products (constant lcu), annual growth rate in New Zealand was -2.2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in New Zealand?
- The highest recorded value was 23.09 % change on previous year in 1986.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in New Zealand?
- The lowest recorded value was -3.77 % change on previous year in 1982.
- How does New Zealand rank for taxes less subsidies on products (constant lcu), annual growth rate?
- New Zealand ranks 171st out of 188 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in New Zealand?
- Over the last ten years it is down 156.9%. 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 Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 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 Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
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 Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.