Taxes less subsidies on products (current LCU) in New Zealand
New Zealand: Taxes less subsidies on products (current LCU) was 34.74 billion current LCU in 2023. ◆ Volatile
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 (current LCU) 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% |
New Zealand compared with similar countries
- New Zealand's 34.74 billion current LCU is above the median for high income countries, which is 26.91 billion current LCU, 1.3× the median. (74 countries reporting)
- New Zealand's 34.74 billion current LCU is above the median for East Asia & Pacific, which is 20.94 billion current LCU, 1.7× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) 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 | +250.9% | 638.00 million current LCU | 2.24 billion current LCU |
| 1987 | +98.2% | 2.24 billion current LCU | 4.44 billion current LCU |
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)
- SDRs holdings, US dollar, annual growth rate 4.11 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 552.02 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8628 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 403.08 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.49 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
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.
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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.