Taxes less subsidies on products in New Zealand
New Zealand: Taxes less subsidies on products was 29.45 billion constant LCU in 2024. ▲ Rising
Latest (2024)
29.45 billion constant LCU
Change on year
down 2.2%
World rank
98th
of 189 countries
All-time high
30.13 billion constant LCU
in 2022
All-time low
7.14 billion constant LCU
in 1980
Years of data
48
1977–2024
Taxes less subsidies on products in New Zealand, 1977–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in New Zealand is 29.45 billion constant LCU, measured in 2024.
The figure is down 2.2% on the previous year and up 29.1% over ten years.
Over the whole period, taxes less subsidies on products in New Zealand peaked at 30.13 billion constant LCU in 2022 and was at its lowest, 7.14 billion constant LCU, in 1980.
That places New Zealand 98th out of 189 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Taxes less subsidies on products in New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1977 | 7.19 billion constant LCU | — |
| 1978 | 7.21 billion constant LCU | +0.2% |
| 1979 | 7.21 billion constant LCU | +0.1% |
| 1980 | 7.14 billion constant LCU | -1.1% |
| 1981 | 7.66 billion constant LCU | +7.3% |
| 1982 | 7.37 billion constant LCU | -3.8% |
| 1983 | 7.63 billion constant LCU | +3.6% |
| 1984 | 8.00 billion constant LCU | +4.9% |
| 1985 | 7.89 billion constant LCU | -1.4% |
| 1986 | 9.72 billion constant LCU | +23.1% |
| 1987 | 10.15 billion constant LCU | +4.4% |
| 1988 | 10.03 billion constant LCU | -1.2% |
| 1989 | 10.59 billion constant LCU | +5.6% |
| 1990 | 10.57 billion constant LCU | -0.2% |
| 1991 | 10.34 billion constant LCU | -2.2% |
| 1992 | 10.49 billion constant LCU | +1.5% |
| 1993 | 11.16 billion constant LCU | +6.3% |
| 1994 | 12.13 billion constant LCU | +8.7% |
| 1995 | 12.66 billion constant LCU | +4.4% |
| 1996 | 13.35 billion constant LCU | +5.5% |
| 1997 | 13.57 billion constant LCU | +1.6% |
| 1998 | 13.96 billion constant LCU | +2.9% |
| 1999 | 14.77 billion constant LCU | +5.8% |
| 2000 | 14.85 billion constant LCU | +0.5% |
| 2001 | 15.43 billion constant LCU | +3.9% |
| 2002 | 16.51 billion constant LCU | +7.0% |
| 2003 | 17.77 billion constant LCU | +7.6% |
| 2004 | 18.66 billion constant LCU | +5.0% |
| 2005 | 19.28 billion constant LCU | +3.3% |
| 2006 | 19.94 billion constant LCU | +3.4% |
| 2007 | 20.70 billion constant LCU | +3.8% |
| 2008 | 20.05 billion constant LCU | -3.2% |
| 2009 | 20.10 billion constant LCU | +0.3% |
| 2010 | 20.41 billion constant LCU | +1.6% |
| 2011 | 20.61 billion constant LCU | +1.0% |
| 2012 | 21.29 billion constant LCU | +3.3% |
| 2013 | 21.96 billion constant LCU | +3.2% |
| 2014 | 22.81 billion constant LCU | +3.9% |
| 2015 | 24.07 billion constant LCU | +5.5% |
| 2016 | 25.21 billion constant LCU | +4.7% |
| 2017 | 26.14 billion constant LCU | +3.7% |
| 2018 | 27.08 billion constant LCU | +3.6% |
| 2019 | 27.70 billion constant LCU | +2.3% |
| 2020 | 27.10 billion constant LCU | -2.2% |
| 2021 | 28.54 billion constant LCU | +5.3% |
| 2022 | 30.13 billion constant LCU | +5.6% |
| 2023 | 30.12 billion constant LCU | -0.1% |
| 2024 | 29.45 billion constant LCU | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.20 billion constant LCU | 7.19 billion constant LCU | 7.21 billion constant LCU | 3 |
| 1980s | 8.62 billion constant LCU | 7.14 billion constant LCU | 10.59 billion constant LCU | 10 |
| 1990s | 12.30 billion constant LCU | 10.34 billion constant LCU | 14.77 billion constant LCU | 10 |
| 2000s | 18.33 billion constant LCU | 14.85 billion constant LCU | 20.70 billion constant LCU | 10 |
| 2010s | 23.73 billion constant LCU | 20.41 billion constant LCU | 27.70 billion constant LCU | 10 |
| 2020s | 29.07 billion constant LCU | 27.10 billion constant LCU | 30.13 billion constant LCU | 5 |
Countries ranked near New Zealand
- 95 Bolivia, Plurinational State of 30.68 billion constant LCU compare
- 96 Finland 30.02 billion constant LCU compare
- 97 Singapore 29.97 billion constant LCU compare
- 99 Greece 28.17 billion constant LCU compare
- 100 Ireland 25.53 billion constant LCU compare
- 101 Nicaragua 23.45 billion constant LCU 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)
- Total reserves minus gold (current US$), annual growth rate 27.59 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1066 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 5,287 current US$ per person (2025)
- General government final consumption expenditure (current US$) 2.01 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.2106 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 10,410 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 3.5 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3479 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products in New Zealand?
- Taxes less subsidies on products in New Zealand was 29.45 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in New Zealand?
- The highest recorded value was 30.13 billion constant LCU in 2022.
- What is the lowest taxes less subsidies on products recorded in New Zealand?
- The lowest recorded value was 7.14 billion constant LCU in 1980.
- How does New Zealand rank for taxes less subsidies on products?
- New Zealand ranks 98th out of 189 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in New Zealand?
- Over the last ten years it is up 29.1%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.