Total Expenditure (central government) — Value Standard Local Currency in New Zealand
New Zealand: Total Expenditure (central government) — Value Standard Local Currency was 158,834 million SLC in 2024. ▲ Rising
Total Expenditure (central government) — Value Standard Local Currency in New Zealand, 2002–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
New Zealand recorded 158,834 million SLC for total expenditure (central government) — value standard local currency in 2024. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 7.1% on the previous year and up 97.1% over ten years.
Over the whole period, total expenditure (central government) — value standard local currency in New Zealand peaked at 158,834 million SLC in 2024 and was at its lowest, 55,789 million SLC, in 2006.
New Zealand ranks 93rd of 174 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Total Expenditure (central government) — Value Standard Local Currency in New Zealand, year by year
| Year | million SLC | Change |
|---|---|---|
| 2002 | 55,979 million SLC | — |
| 2003 | 60,013 million SLC | +7.2% |
| 2004 | 63,374 million SLC | +5.6% |
| 2005 | 68,481 million SLC | +8.1% |
| 2006 | 55,789 million SLC | -18.5% |
| 2007 | 60,247 million SLC | +8.0% |
| 2008 | 62,832 million SLC | +4.3% |
| 2009 | 68,360 million SLC | +8.8% |
| 2010 | 71,409 million SLC | +4.5% |
| 2011 | 86,316 million SLC | +20.9% |
| 2012 | 77,393 million SLC | -10.3% |
| 2013 | 78,268 million SLC | +1.1% |
| 2014 | 80,577 million SLC | +3.0% |
| 2015 | 83,131 million SLC | +3.2% |
| 2016 | 86,179 million SLC | +3.7% |
| 2017 | 89,688 million SLC | +4.1% |
| 2018 | 94,616 million SLC | +5.5% |
| 2019 | 102,290 million SLC | +8.1% |
| 2020 | 122,728 million SLC | +20.0% |
| 2021 | 125,339 million SLC | +2.1% |
| 2022 | 144,878 million SLC | +15.6% |
| 2023 | 148,319 million SLC | +2.4% |
| 2024 | 158,834 million SLC | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61,884 million SLC | 55,789 million SLC | 68,481 million SLC | 8 |
| 2010s | 84,987 million SLC | 71,409 million SLC | 102,290 million SLC | 10 |
| 2020s | 140,020 million SLC | 122,728 million SLC | 158,834 million SLC | 5 |
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)
- Households and NPISHs Final consumption expenditure (current LCU) 2.59 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.9411 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 46,522 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.0126 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5156 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 25,486 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 1.35 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7802 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is total expenditure (central government) — value standard local currency in New Zealand?
- Total expenditure (central government) — value standard local currency in New Zealand was 158,834 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value standard local currency recorded in New Zealand?
- The highest recorded value was 158,834 million SLC in 2024.
- What is the lowest total expenditure (central government) — value standard local currency recorded in New Zealand?
- The lowest recorded value was 55,789 million SLC in 2006.
- How does New Zealand rank for total expenditure (central government) — value standard local currency?
- New Zealand ranks 93rd out of 174 countries with data for 2024.
- Is total expenditure (central government) — value standard local currency rising or falling in New Zealand?
- Over the last ten years it is up 97.1%. The long-run trend across the full record is rising.
- Where does this New Zealand data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.