Taxes on incomes of individuals and corporations as share of GDP in New Zealand
New Zealand: Taxes on incomes of individuals and corporations as share of GDP was 20.3% in 2023. ▼ Falling
Latest (2023)
20.3%
Change on year
up 1.9%
World rank
4th
of 184 countries
All-time high
24.1%
in 1981
All-time low
16.2%
in 2011
Years of data
44
1980–2023
Taxes on incomes of individuals and corporations as share of GDP in New Zealand, 1980–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
New Zealand recorded 20.3% for taxes on incomes of individuals and corporations as share of gdp in 2023.
The figure is up 1.9% on the previous year and up 17.7% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in New Zealand peaked at 24.1% in 1981 and was at its lowest, 16.2%, in 2011.
That places New Zealand 4th out of 184 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 44 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 22.9% | — |
| 1981 | 24.1% | +5.5% |
| 1982 | 24.1% | -0.1% |
| 1983 | 22.2% | -8.1% |
| 1984 | 21.6% | -2.7% |
| 1985 | 23.4% | +8.2% |
| 1986 | 23.7% | +1.6% |
| 1987 | 22.1% | -6.9% |
| 1988 | 21.6% | -2.3% |
| 1989 | 22.9% | +5.9% |
| 1990 | 21.3% | -6.6% |
| 1991 | 20.5% | -4.1% |
| 1992 | 20.8% | +1.8% |
| 1993 | 21.2% | +1.8% |
| 1994 | 22.3% | +5.0% |
| 1995 | 22.4% | +0.7% |
| 1996 | 20.4% | -9.0% |
| 1997 | 20.5% | +0.4% |
| 1998 | 19.2% | -6.4% |
| 1999 | 19.3% | +0.9% |
| 2000 | 20.2% | +4.3% |
| 2001 | 19.4% | -3.6% |
| 2002 | 20.4% | +4.8% |
| 2003 | 20.6% | +1.1% |
| 2004 | 21.4% | +3.9% |
| 2005 | 23.2% | +8.5% |
| 2006 | 22.8% | -2.0% |
| 2007 | 22.0% | -3.4% |
| 2008 | 19.9% | -9.7% |
| 2009 | 17.6% | -11.1% |
| 2010 | 16.6% | -5.8% |
| 2011 | 16.2% | -2.2% |
| 2012 | 17.6% | +8.2% |
| 2013 | 17.3% | -1.7% |
| 2014 | 17.4% | +0.4% |
| 2015 | 17.8% | +2.3% |
| 2016 | 18.0% | +1.5% |
| 2017 | 18.0% | -0.3% |
| 2018 | 18.6% | +3.4% |
| 2019 | 17.2% | -7.6% |
| 2020 | 20.2% | +17.5% |
| 2021 | 20.9% | +3.3% |
| 2022 | 20.0% | -4.3% |
| 2023 | 20.3% | +1.9% |
New Zealand compared with similar countries
- New Zealand's 20.3% is above the median for high income countries, which is 10.0%, 2.0× the median. (63 countries reporting)
- New Zealand's 20.3% is above the median for East Asia & Pacific, which is 6.9%, 2.9× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 22.8% | 21.6% | 24.1% | 10 |
| 1990s | 20.8% | 19.2% | 22.4% | 10 |
| 2000s | 20.8% | 17.6% | 23.2% | 10 |
| 2010s | 17.5% | 16.2% | 18.6% | 10 |
| 2020s | 20.3% | 20.0% | 20.9% | 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)
- 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 on incomes of individuals and corporations as share of gdp in New Zealand?
- Taxes on incomes of individuals and corporations as share of gdp in New Zealand was 20.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in New Zealand?
- The highest recorded value was 24.1% in 1981.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in New Zealand?
- The lowest recorded value was 16.2% in 2011.
- How does New Zealand rank for taxes on incomes of individuals and corporations as share of gdp?
- New Zealand ranks 4th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in New Zealand?
- Over the last ten years it is up 17.7%. The long-run trend across the full record is falling.
- Where does this New Zealand data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.