Taxes less subsidies on products in New Zealand
New Zealand: Taxes less subsidies on products was 34.74 billion current LCU in 2023. ◆ Volatile
Latest (2023)
34.74 billion current LCU
Change on year
up 5.2%
World rank
110th
of 199 countries
All-time high
34.74 billion current LCU
in 2023
All-time low
87.00 million current LCU
in 1971
Years of data
53
1971–2023
Taxes less subsidies on products in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
New Zealand recorded 34.74 billion current LCU for taxes less subsidies on products in 2023. That is the highest value across all 53 years on record.
That represents a change of up 5.2% on the previous year and up 81.9% over ten years.
Over the whole period, taxes less subsidies on products in New Zealand peaked at 34.74 billion current LCU in 2023 and was at its lowest, 87.00 million current LCU, in 1971.
New Zealand ranks 110th of 199 countries on this measure, 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 in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1971 | 87.00 million current LCU | — |
| 1972 | 102.00 million current LCU | +17.2% |
| 1973 | 143.00 million current LCU | +40.2% |
| 1974 | 161.00 million current LCU | +12.6% |
| 1975 | 143.00 million current LCU | -11.2% |
| 1976 | 174.00 million current LCU | +21.7% |
| 1977 | 174.00 million current LCU | +0.0% |
| 1978 | 190.00 million current LCU | +9.2% |
| 1979 | 241.00 million current LCU | +26.8% |
| 1980 | 268.00 million current LCU | +11.2% |
| 1981 | 392.00 million current LCU | +46.3% |
| 1982 | 413.00 million current LCU | +5.4% |
| 1983 | 494.00 million current LCU | +19.6% |
| 1984 | 685.00 million current LCU | +38.7% |
| 1985 | 638.00 million current LCU | -6.9% |
| 1986 | 2.24 billion current LCU | +250.9% |
| 1987 | 4.44 billion current LCU | +98.2% |
| 1988 | 4.12 billion current LCU | -7.1% |
| 1989 | 5.15 billion current LCU | +24.9% |
| 1990 | 5.43 billion current LCU | +5.5% |
| 1991 | 5.36 billion current LCU | -1.3% |
| 1992 | 5.54 billion current LCU | +3.3% |
| 1993 | 5.97 billion current LCU | +7.7% |
| 1994 | 6.69 billion current LCU | +12.2% |
| 1995 | 7.12 billion current LCU | +6.3% |
| 1996 | 7.54 billion current LCU | +6.0% |
| 1997 | 7.68 billion current LCU | +1.9% |
| 1998 | 7.45 billion current LCU | -3.0% |
| 1999 | 7.88 billion current LCU | +5.8% |
| 2000 | 8.20 billion current LCU | +4.1% |
| 2001 | 8.74 billion current LCU | +6.5% |
| 2002 | 9.57 billion current LCU | +9.5% |
| 2003 | 10.27 billion current LCU | +7.3% |
| 2004 | 11.12 billion current LCU | +8.2% |
| 2005 | 11.79 billion current LCU | +6.0% |
| 2006 | 13.23 billion current LCU | +12.2% |
| 2007 | 14.11 billion current LCU | +6.7% |
| 2008 | 14.04 billion current LCU | -0.5% |
| 2009 | 14.19 billion current LCU | +1.0% |
| 2010 | 15.94 billion current LCU | +12.3% |
| 2011 | 17.79 billion current LCU | +11.6% |
| 2012 | 18.33 billion current LCU | +3.0% |
| 2013 | 19.10 billion current LCU | +4.2% |
| 2014 | 20.06 billion current LCU | +5.0% |
| 2015 | 21.37 billion current LCU | +6.5% |
| 2016 | 23.42 billion current LCU | +9.6% |
| 2017 | 24.68 billion current LCU | +5.4% |
| 2018 | 25.83 billion current LCU | +4.7% |
| 2019 | 27.68 billion current LCU | +7.2% |
| 2020 | 27.10 billion current LCU | -2.1% |
| 2021 | 30.26 billion current LCU | +11.7% |
| 2022 | 33.04 billion current LCU | +9.2% |
| 2023 | 34.74 billion current LCU | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 157.22 million current LCU | 87.00 million current LCU | 241.00 million current LCU | 9 |
| 1980s | 1.88 billion current LCU | 268.00 million current LCU | 5.15 billion current LCU | 10 |
| 1990s | 6.67 billion current LCU | 5.36 billion current LCU | 7.88 billion current LCU | 10 |
| 2000s | 11.53 billion current LCU | 8.20 billion current LCU | 14.19 billion current LCU | 10 |
| 2010s | 21.42 billion current LCU | 15.94 billion current LCU | 27.68 billion current LCU | 10 |
| 2020s | 31.29 billion current LCU | 27.10 billion current LCU | 34.74 billion current LCU | 4 |
Countries ranked near New Zealand
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)
- Final consumption expenditure (constant 2015 US$), per capita 33,643 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.5121 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 49,980 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 1.99 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.67 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 82,583 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.7819 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products in New Zealand?
- Taxes less subsidies on products in New Zealand was 34.74 billion current LCU in 2023, 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 34.74 billion current LCU in 2023.
- What is the lowest taxes less subsidies on products recorded in New Zealand?
- The lowest recorded value was 87.00 million current LCU in 1971.
- How does New Zealand rank for taxes less subsidies on products?
- New Zealand ranks 110th out of 199 countries with data for 2023.
- Is taxes less subsidies on products rising or falling in New Zealand?
- Over the last ten years it is up 81.9%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.