Total Expenditure (general government) — Value Standard Local Currency in New Zealand
New Zealand: Total Expenditure (general government) — Value Standard Local Currency was 176,047 million SLC in 2024. ▲ Rising
Total Expenditure (general government) — Value Standard Local Currency in New Zealand, 2009–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total expenditure (general government) — value standard local currency in New Zealand stood at 176,047 million SLC. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 7.3% on the previous year and up 97.4% over ten years.
Over the whole period, total expenditure (general government) — value standard local currency in New Zealand peaked at 176,047 million SLC in 2024 and was at its lowest, 75,932 million SLC, in 2009.
New Zealand ranks 67th of 114 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Total Expenditure (general government) — Value Standard Local Currency in New Zealand, year by year
| Year | million SLC | Change |
|---|---|---|
| 2009 | 75,932 million SLC | — |
| 2010 | 79,312 million SLC | +4.5% |
| 2011 | 94,091 million SLC | +18.6% |
| 2012 | 84,782 million SLC | -9.9% |
| 2013 | 86,909 million SLC | +2.5% |
| 2014 | 89,192 million SLC | +2.6% |
| 2015 | 92,228 million SLC | +3.4% |
| 2016 | 95,144 million SLC | +3.2% |
| 2017 | 99,267 million SLC | +4.3% |
| 2018 | 104,739 million SLC | +5.5% |
| 2019 | 113,626 million SLC | +8.5% |
| 2020 | 134,670 million SLC | +18.5% |
| 2021 | 137,482 million SLC | +2.1% |
| 2022 | 158,162 million SLC | +15.0% |
| 2023 | 163,998 million SLC | +3.7% |
| 2024 | 176,047 million SLC | +7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 75,932 million SLC | 75,932 million SLC | 75,932 million SLC | 1 |
| 2010s | 93,929 million SLC | 79,312 million SLC | 113,626 million SLC | 10 |
| 2020s | 154,072 million SLC | 134,670 million SLC | 176,047 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)
- 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 total expenditure (general government) — value standard local currency in New Zealand?
- Total expenditure (general government) — value standard local currency in New Zealand was 176,047 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value standard local currency recorded in New Zealand?
- The highest recorded value was 176,047 million SLC in 2024.
- What is the lowest total expenditure (general government) — value standard local currency recorded in New Zealand?
- The lowest recorded value was 75,932 million SLC in 2009.
- How does New Zealand rank for total expenditure (general government) — value standard local currency?
- New Zealand ranks 67th out of 114 countries with data for 2024.
- Is total expenditure (general government) — value standard local currency rising or falling in New Zealand?
- Over the last ten years it is up 97.4%. 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 (general government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 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.