Taxes less subsidies on products (current LCU), annual growth rate in New Zealand
New Zealand: Taxes less subsidies on products (current LCU), annual growth rate was 5.16 % change on previous year in 2023. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in New Zealand, 1972–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, taxes less subsidies on products (current lcu), annual growth rate in New Zealand stood at 5.16 % change on previous year.
Compared with earlier readings it is down 43.7% on the previous year and up 22.5% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in New Zealand peaked at 250.94 % change on previous year in 1986 and was at its lowest, -11.18 % change on previous year, in 1975.
That places New Zealand 128th out of 197 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.
Taxes less subsidies on products (current LCU), annual growth rate in New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1972 | 17.24 % change on previous year | — |
| 1973 | 40.2 % change on previous year | +133.1% |
| 1974 | 12.59 % change on previous year | -68.7% |
| 1975 | -11.18 % change on previous year | -188.8% |
| 1976 | 21.68 % change on previous year | -293.9% |
| 1977 | 0 % change on previous year | -100.0% |
| 1978 | 9.2 % change on previous year | — |
| 1979 | 26.84 % change on previous year | +191.9% |
| 1980 | 11.2 % change on previous year | -58.3% |
| 1981 | 46.27 % change on previous year | +313.0% |
| 1982 | 5.36 % change on previous year | -88.4% |
| 1983 | 19.61 % change on previous year | +266.1% |
| 1984 | 38.66 % change on previous year | +97.1% |
| 1985 | -6.86 % change on previous year | -117.7% |
| 1986 | 250.94 % change on previous year | -3757.3% |
| 1987 | 98.21 % change on previous year | -60.9% |
| 1988 | -7.05 % change on previous year | -107.2% |
| 1989 | 24.87 % change on previous year | -452.7% |
| 1990 | 5.51 % change on previous year | -77.8% |
| 1991 | -1.32 % change on previous year | -124.0% |
| 1992 | 3.3 % change on previous year | -349.1% |
| 1993 | 7.69 % change on previous year | +133.0% |
| 1994 | 12.15 % change on previous year | +58.0% |
| 1995 | 6.34 % change on previous year | -47.9% |
| 1996 | 6 % change on previous year | -5.3% |
| 1997 | 1.87 % change on previous year | -68.8% |
| 1998 | -2.99 % change on previous year | -260.1% |
| 1999 | 5.78 % change on previous year | -293.2% |
| 2000 | 4.06 % change on previous year | -29.8% |
| 2001 | 6.53 % change on previous year | +61.0% |
| 2002 | 9.54 % change on previous year | +46.1% |
| 2003 | 7.28 % change on previous year | -23.7% |
| 2004 | 8.22 % change on previous year | +12.9% |
| 2005 | 6.03 % change on previous year | -26.6% |
| 2006 | 12.23 % change on previous year | +102.8% |
| 2007 | 6.68 % change on previous year | -45.4% |
| 2008 | -0.4678 % change on previous year | -107.0% |
| 2009 | 1.03 % change on previous year | -319.2% |
| 2010 | 12.34 % change on previous year | +1103.6% |
| 2011 | 11.63 % change on previous year | -5.8% |
| 2012 | 3.01 % change on previous year | -74.1% |
| 2013 | 4.21 % change on previous year | +39.8% |
| 2014 | 5.04 % change on previous year | +19.6% |
| 2015 | 6.52 % change on previous year | +29.4% |
| 2016 | 9.58 % change on previous year | +47.0% |
| 2017 | 5.38 % change on previous year | -43.8% |
| 2018 | 4.66 % change on previous year | -13.5% |
| 2019 | 7.19 % change on previous year | +54.2% |
| 2020 | -2.11 % change on previous year | -129.3% |
| 2021 | 11.67 % change on previous year | -654.0% |
| 2022 | 9.17 % change on previous year | -21.4% |
| 2023 | 5.16 % change on previous year | -43.7% |
New Zealand compared with similar countries
- New Zealand's 5.16 % change on previous year is below the median for high income countries, which is 5.32 % change on previous year, 97% of the median. (74 countries reporting)
- New Zealand's 5.16 % change on previous year is above the median for East Asia & Pacific, which is 3.57 % change on previous year, 1.4× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current 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 |
|---|---|---|---|
| 1986 | +3757.3% | -6.86 % change on previous year | 250.94 % change on previous year |
| 2010 | +1103.6% | 1.03 % change on previous year | 12.34 % change on previous year |
| 2021 | +654.0% | -2.11 % change on previous year | 11.67 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.57 % change on previous year | -11.18 % change on previous year | 40.2 % change on previous year | 8 |
| 1980s | 48.12 % change on previous year | -7.05 % change on previous year | 250.94 % change on previous year | 10 |
| 1990s | 4.43 % change on previous year | -2.99 % change on previous year | 12.15 % change on previous year | 10 |
| 2000s | 6.11 % change on previous year | -0.4678 % change on previous year | 12.23 % change on previous year | 10 |
| 2010s | 6.96 % change on previous year | 3.01 % change on previous year | 12.34 % change on previous year | 10 |
| 2020s | 5.97 % change on previous year | -2.11 % change on previous year | 11.67 % change on previous year | 4 |
Countries ranked near New Zealand
- 125 Bosnia and Herzegovina 5.21 % change on previous year compare
- 126 United Kingdom of Great Britain and Northern Ireland 5.18 % change on previous year compare
- 127 Saint Kitts and Nevis 5.17 % change on previous year compare
- 129 Switzerland 5.05 % change on previous year compare
- 130 Comoros 5.04 % change on previous year compare
- 131 Ireland 5.02 % 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 (current lcu), annual growth rate in New Zealand?
- Taxes less subsidies on products (current lcu), annual growth rate in New Zealand was 5.16 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in New Zealand?
- The highest recorded value was 250.94 % change on previous year in 1986.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in New Zealand?
- The lowest recorded value was -11.18 % change on previous year in 1975.
- How does New Zealand rank for taxes less subsidies on products (current lcu), annual growth rate?
- New Zealand ranks 128th out of 197 countries with data for 2023.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in New Zealand?
- Over the last ten years it is up 22.5%. 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 (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 Taxes less subsidies on products (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.