Taxes less subsidies on products (current US$) in New Zealand
New Zealand: Taxes less subsidies on products (current US$) was 21.34 billion current US$ 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 US$.
Analysis
New Zealand recorded 21.34 billion current US$ for taxes less subsidies on products in 2023.
That represents a change of up 1.9% on the previous year and up 36.2% over ten years.
Over the whole period, taxes less subsidies on products in New Zealand peaked at 21.41 billion current US$ in 2021 and was at its lowest, 100.40 million current US$, in 1971.
New Zealand ranks 44th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in New Zealand, year by year
| Year | current US$ | Change |
|---|---|---|
| 1971 | 100.40 million current US$ | — |
| 1972 | 123.97 million current US$ | +23.5% |
| 1973 | 198.97 million current US$ | +60.5% |
| 1974 | 222.01 million current US$ | +11.6% |
| 1975 | 161.51 million current US$ | -27.3% |
| 1976 | 169.53 million current US$ | +5.0% |
| 1977 | 171.82 million current US$ | +1.4% |
| 1978 | 198.58 million current US$ | +15.6% |
| 1979 | 241.41 million current US$ | +21.6% |
| 1980 | 258.64 million current US$ | +7.1% |
| 1981 | 326.37 million current US$ | +26.2% |
| 1982 | 300.80 million current US$ | -7.8% |
| 1983 | 324.66 million current US$ | +7.9% |
| 1984 | 355.18 million current US$ | +9.4% |
| 1985 | 326.34 million current US$ | -8.1% |
| 1986 | 1.18 billion current US$ | +262.3% |
| 1987 | 2.75 billion current US$ | +132.3% |
| 1988 | 2.66 billion current US$ | -3.3% |
| 1989 | 3.05 billion current US$ | +14.7% |
| 1990 | 3.25 billion current US$ | +6.5% |
| 1991 | 3.02 billion current US$ | -7.1% |
| 1992 | 2.95 billion current US$ | -2.4% |
| 1993 | 3.30 billion current US$ | +12.0% |
| 1994 | 4.09 billion current US$ | +23.8% |
| 1995 | 4.73 billion current US$ | +15.7% |
| 1996 | 5.23 billion current US$ | +10.7% |
| 1997 | 4.84 billion current US$ | -7.4% |
| 1998 | 3.92 billion current US$ | -19.0% |
| 1999 | 4.09 billion current US$ | +4.3% |
| 2000 | 3.60 billion current US$ | -12.0% |
| 2001 | 3.66 billion current US$ | +1.5% |
| 2002 | 4.72 billion current US$ | +29.0% |
| 2003 | 6.27 billion current US$ | +32.9% |
| 2004 | 7.47 billion current US$ | +19.1% |
| 2005 | 8.30 billion current US$ | +11.0% |
| 2006 | 8.58 billion current US$ | +3.4% |
| 2007 | 10.37 billion current US$ | +20.9% |
| 2008 | 9.87 billion current US$ | -4.8% |
| 2009 | 8.86 billion current US$ | -10.2% |
| 2010 | 11.48 billion current US$ | +29.6% |
| 2011 | 14.06 billion current US$ | +22.4% |
| 2012 | 14.85 billion current US$ | +5.6% |
| 2013 | 15.66 billion current US$ | +5.5% |
| 2014 | 16.64 billion current US$ | +6.3% |
| 2015 | 14.90 billion current US$ | -10.5% |
| 2016 | 16.30 billion current US$ | +9.4% |
| 2017 | 17.54 billion current US$ | +7.6% |
| 2018 | 17.87 billion current US$ | +1.9% |
| 2019 | 18.24 billion current US$ | +2.1% |
| 2020 | 17.58 billion current US$ | -3.6% |
| 2021 | 21.41 billion current US$ | +21.8% |
| 2022 | 20.95 billion current US$ | -2.1% |
| 2023 | 21.34 billion current US$ | +1.9% |
New Zealand compared with similar countries
- New Zealand's 21.34 billion current US$ is above the median for high income countries, which is 9.71 billion current US$, 2.2× the median. (74 countries reporting)
- New Zealand's 21.34 billion current US$ is above the median for East Asia & Pacific, which is 956.37 million current US$, 22.3× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$) 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 | +262.3% | 326.34 million current US$ | 1.18 billion current US$ |
| 1987 | +132.3% | 1.18 billion current US$ | 2.75 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 176.47 million current US$ | 100.40 million current US$ | 241.41 million current US$ | 9 |
| 1980s | 1.15 billion current US$ | 258.64 million current US$ | 3.05 billion current US$ | 10 |
| 1990s | 3.94 billion current US$ | 2.95 billion current US$ | 5.23 billion current US$ | 10 |
| 2000s | 7.17 billion current US$ | 3.60 billion current US$ | 10.37 billion current US$ | 10 |
| 2010s | 15.75 billion current US$ | 11.48 billion current US$ | 18.24 billion current US$ | 10 |
| 2020s | 20.32 billion current US$ | 17.58 billion current US$ | 21.41 billion current US$ | 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 21.34 billion current US$ 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 21.41 billion current US$ in 2021.
- What is the lowest taxes less subsidies on products recorded in New Zealand?
- The lowest recorded value was 100.40 million current US$ in 1971.
- How does New Zealand rank for taxes less subsidies on products?
- New Zealand ranks 44th 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 36.2%. 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 US$). 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 indicator is expressed in United States dollars.