Taxes less subsidies on products (current LCU), per unit of GDP in New Zealand
New Zealand: Taxes less subsidies on products (current LCU), per unit of GDP was 0.1355 current LCU per US$ of GDP in 2023. ◆ Volatile
Taxes less subsidies on products (current LCU), per unit of GDP in New Zealand, 1971–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
New Zealand recorded 0.1355 current LCU per US$ of GDP for taxes less subsidies on products (current lcu), per unit of gdp in 2023.
The figure is up 2.4% on the previous year and up 35.5% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in New Zealand peaked at 0.1622 current LCU per US$ of GDP in 2001 and was at its lowest, 0.0103 current LCU per US$ of GDP, in 1978.
That places New Zealand 143rd 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), per unit of GDP in New Zealand, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1971 | 0.011 current LCU per US$ of GDP | — |
| 1972 | 0.0107 current LCU per US$ of GDP | -3.1% |
| 1973 | 0.0112 current LCU per US$ of GDP | +4.8% |
| 1974 | 0.0115 current LCU per US$ of GDP | +3.4% |
| 1975 | 0.0111 current LCU per US$ of GDP | -3.7% |
| 1976 | 0.0128 current LCU per US$ of GDP | +15.0% |
| 1977 | 0.0113 current LCU per US$ of GDP | -11.9% |
| 1978 | 0.0103 current LCU per US$ of GDP | -9.0% |
| 1979 | 0.0116 current LCU per US$ of GDP | +13.4% |
| 1980 | 0.0115 current LCU per US$ of GDP | -0.8% |
| 1981 | 0.0161 current LCU per US$ of GDP | +39.2% |
| 1982 | 0.0171 current LCU per US$ of GDP | +6.5% |
| 1983 | 0.0203 current LCU per US$ of GDP | +18.9% |
| 1984 | 0.0316 current LCU per US$ of GDP | +55.6% |
| 1985 | 0.0259 current LCU per US$ of GDP | -18.2% |
| 1986 | 0.0732 current LCU per US$ of GDP | +183.0% |
| 1987 | 0.1099 current LCU per US$ of GDP | +50.2% |
| 1988 | 0.0913 current LCU per US$ of GDP | -16.9% |
| 1989 | 0.1173 current LCU per US$ of GDP | +28.4% |
| 1990 | 0.1195 current LCU per US$ of GDP | +1.9% |
| 1991 | 0.1255 current LCU per US$ of GDP | +5.0% |
| 1992 | 0.133 current LCU per US$ of GDP | +6.0% |
| 1993 | 0.1275 current LCU per US$ of GDP | -4.1% |
| 1994 | 0.121 current LCU per US$ of GDP | -5.2% |
| 1995 | 0.1113 current LCU per US$ of GDP | -8.0% |
| 1996 | 0.1075 current LCU per US$ of GDP | -3.4% |
| 1997 | 0.1163 current LCU per US$ of GDP | +8.1% |
| 1998 | 0.1326 current LCU per US$ of GDP | +14.0% |
| 1999 | 0.1342 current LCU per US$ of GDP | +1.2% |
| 2000 | 0.1559 current LCU per US$ of GDP | +16.2% |
| 2001 | 0.1622 current LCU per US$ of GDP | +4.1% |
| 2002 | 0.1437 current LCU per US$ of GDP | -11.4% |
| 2003 | 0.1164 current LCU per US$ of GDP | -19.0% |
| 2004 | 0.107 current LCU per US$ of GDP | -8.1% |
| 2005 | 0.1027 current LCU per US$ of GDP | -4.0% |
| 2006 | 0.1186 current LCU per US$ of GDP | +15.4% |
| 2007 | 0.1028 current LCU per US$ of GDP | -13.3% |
| 2008 | 0.1052 current LCU per US$ of GDP | +2.3% |
| 2009 | 0.1166 current LCU per US$ of GDP | +10.8% |
| 2010 | 0.1085 current LCU per US$ of GDP | -7.0% |
| 2011 | 0.1056 current LCU per US$ of GDP | -2.7% |
| 2012 | 0.1038 current LCU per US$ of GDP | -1.7% |
| 2013 | 0.1 current LCU per US$ of GDP | -3.7% |
| 2014 | 0.0996 current LCU per US$ of GDP | -0.4% |
| 2015 | 0.12 current LCU per US$ of GDP | +20.4% |
| 2016 | 0.1239 current LCU per US$ of GDP | +3.3% |
| 2017 | 0.1195 current LCU per US$ of GDP | -3.6% |
| 2018 | 0.122 current LCU per US$ of GDP | +2.1% |
| 2019 | 0.1299 current LCU per US$ of GDP | +6.5% |
| 2020 | 0.127 current LCU per US$ of GDP | -2.2% |
| 2021 | 0.1193 current LCU per US$ of GDP | -6.1% |
| 2022 | 0.1323 current LCU per US$ of GDP | +10.9% |
| 2023 | 0.1355 current LCU per US$ of GDP | +2.4% |
New Zealand compared with similar countries
- New Zealand's 0.1355 current LCU per US$ of GDP is above the median for high income countries, which is 0.1155 current LCU per US$ of GDP, 1.2× the median. (74 countries reporting)
- New Zealand's 0.1355 current LCU per US$ of GDP is below the median for East Asia & Pacific, which is 0.2038 current LCU per US$ of GDP, 67% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), per unit of GDP 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 | +183.0% | 0.0259 current LCU per US$ of GDP | 0.0732 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0113 current LCU per US$ of GDP | 0.0103 current LCU per US$ of GDP | 0.0128 current LCU per US$ of GDP | 9 |
| 1980s | 0.0514 current LCU per US$ of GDP | 0.0115 current LCU per US$ of GDP | 0.1173 current LCU per US$ of GDP | 10 |
| 1990s | 0.1228 current LCU per US$ of GDP | 0.1075 current LCU per US$ of GDP | 0.1342 current LCU per US$ of GDP | 10 |
| 2000s | 0.1231 current LCU per US$ of GDP | 0.1027 current LCU per US$ of GDP | 0.1622 current LCU per US$ of GDP | 10 |
| 2010s | 0.1133 current LCU per US$ of GDP | 0.0996 current LCU per US$ of GDP | 0.1299 current LCU per US$ of GDP | 10 |
| 2020s | 0.1285 current LCU per US$ of GDP | 0.1193 current LCU per US$ of GDP | 0.1355 current LCU per US$ of GDP | 4 |
Countries ranked near New Zealand
- 140 Croatia 0.153 current LCU per US$ of GDP compare
- 141 Turkmenistan 0.1519 current LCU per US$ of GDP compare
- 142 Tunisia 0.1515 current LCU per US$ of GDP compare
- 144 Palau 0.1248 current LCU per US$ of GDP compare
- 145 Bahamas 0.1233 current LCU per US$ of GDP compare
- 146 El Salvador 0.1224 current LCU per US$ of GDP 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$), annual growth rate 27.59 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in New Zealand?
- Taxes less subsidies on products (current lcu), per unit of gdp in New Zealand was 0.1355 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in New Zealand?
- The highest recorded value was 0.1622 current LCU per US$ of GDP in 2001.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in New Zealand?
- The lowest recorded value was 0.0103 current LCU per US$ of GDP in 1978.
- How does New Zealand rank for taxes less subsidies on products (current lcu), per unit of gdp?
- New Zealand ranks 143rd out of 197 countries with data for 2023.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in New Zealand?
- Over the last ten years it is up 35.5%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.