The Gross Domestic Product (GDP) in New Zealand was worth 260.24 billion US dollars in 2024, according to official data from the World Bank. The GDP value of New Zealand represents 0.25 percent of the world economy. This dataset provides - New Zealand GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about New Zealand Real GDP Growth

• The Gross Domestic Product (GDP) in New Zealand expanded 1.8 % YoY in Mar 2023, following a growth of 2.4 % in the previous quarter.
• Real GDP Growth YoY data in New Zealand is updated quarterly, available from Jun 1983 to Mar 2023, with an average rate of 3.1 %.
• The data reached an all-time high of 18.8 % in Jun 2021 and a record low of -9.6 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics New Zealand provides Real GDP in local currency, at chain linked 2009-2010 prices. Real GDP Growth prior to Q2 1988 is calculated from GDP Volume Index sourced from the International Monetary Fund.


Related information about New Zealand Real GDP Growth

• In the latest reports, Nominal GDP of New Zealand reached 62.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.6 % in Mar 2023.
• GDP Per Capita in New Zealand reached 46,936.8 USD in Mar 2023.
• Its Gross Savings Rate was measured at 22.8 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 25.4 % in Mar 2023.
• Public Consumption accounted for 20.6 % in Mar 2023.
• Private Consumption accounted for 56.6 % in Mar 2023.

Key information about New Zealand Investment: % of GDP

• New Zealand Investment accounted for 24.5 % of its Nominal GDP in Sep 2024, compared with a ratio of 20.4 % in the previous quarter.
• New Zealand investment share of Nominal GDP data is updated quarterly, available from Jun 1987 to Sep 2024, with an average ratio of 22.7 %.
• The data reached an all-time high of 28.5 % in Dec 2022 and a record low of 13.4 % in Jun 1991.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Statistics New Zealand provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about New Zealand Investment: % of GDP

• In the latest reports, New Zealand GDP expanded 1.8 % YoY in Mar 2023.
• New Zealand Nominal GDP reached 62.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.6 % in Mar 2023.
• New Zealand GDP Per Capita reached 48,249.3 USD in Mar 2024.
• Its Gross Savings Rate was measured at 22.8 % in Mar 2023.

New Zealand: Economic growth: the rate of change of real GDP: The latest value from 2024 is -0.13 percent, a decline from 1.39 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for New Zealand from 1961 to 2024 is 2.66 percent. The minimum value, -4.59 percent, was reached in 1967 while the maximum of 10.19 percent was recorded in 1969.

The gross domestic product (GDP) in current prices in New Zealand amounted to about 257.73 billion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by approximately 235.18 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 48.57 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

In 2024, the growth of the real gross domestic product (GDP) in New Zealand amounted to about -0.48 percent. Between 1980 and 2024, the figure dropped by approximately 1.49 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 2.68 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Key information about New Zealand GDP Per Capita

• New Zealand Gross Domestic Product (GDP) per Capita reached 48,249.300 USD in Mar 2024, compared with 47,678.832 USD in Mar 2023.
• New Zealand GDP Per Capita data is updated yearly, available from Mar 1961 to Mar 2024, with an average number of 13,450.383 USD.
• The data reached an all-time high of 48,909.521 USD in Mar 2022 and a record low of 1,678.696 in Mar 1961.
• CEIC converts annual GDP per Capita into USD. Stats NZ provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. GDP per Capita prior to 1992 is sourced from the World Bank. GDP per Capita is in annual frequency, ending in March of each year.

Related information about New Zealand GDP Per Capita data

• In the latest reports, New Zealand GDP expanded 1.795 % YoY in Mar 2023.
• New Zealand Nominal GDP reached 61.989 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.598 % in Mar 2023.
• Gross Savings Rate of New Zealand was measured at 22.787 % in Mar 2023.

The Gross Domestic Product (GDP) in New Zealand contracted 0.70 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - New Zealand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand: Percent of world GDP: The latest value from 2023 is 0.24 percent, a decline from 0.25 percent in 2022. In comparison, the world average is 0.54 percent, based on data from 184 countries. Historically, the average for New Zealand from 1980 to 2023 is 0.22 percent. The minimum value, 0.16 percent, was reached in 2000 while the maximum of 0.26 percent was recorded in 2017.

The Gross Domestic Product (GDP) in New Zealand expanded 0.80 percent in the first quarter of 2025 over the previous quarter. This dataset provides - New Zealand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand's construction industry has seen relatively continuous growth over the past decade, contributing around **** billion New Zealand dollars in gross domestic product (GDP) in the year ended March 2024. Nonetheless, in 2025, the country's construction industry GDP fell to **** billion dollars. Key construction segments In New Zealand, the construction sector includes residential builds, commercial builds, and infrastructure such as roads and energy services. All segments have grown due to increasing demand for housing, offices, roads, energy, fiber installation, and water supply. New Zealand’s housing market has been an important topic over the years, with larger metropolitan regions such as Auckland facing large housing shortages. The value of residential building consents issued across the nation grew consistently between 2017 and 2022 before witnessing a decline in 2023 and 2024. In terms of infrastructure construction starting in 2024, transportation and water infrastructure projects led by volume. Climate resilience of infrastructure Owing to its geographical location, New Zealand has a relatively high natural disaster risk, including flooding and cyclones. Following damages caused to properties, roads, bridges, and other infrastructure in 2023 and 2024 due to Cyclone Gabrielle, the East Coast floods, and several wildfires, the ability of the country's housing and infrastructure to withstand climate change has shifted into focus. Building new and adapting existing buildings and infrastructure to be more climate resilient is becoming vital in terms of preparedness and the smooth functionality of the construction pipeline as a whole to reduce cancellations, delays, and high rebuild costs.

Graph and download economic data for National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for New Zealand (NZLGDPDEFQISMEI) from Q1 1988 to Q3 2023 about New Zealand, implicit price deflator, and GDP.

Key information about New Zealand Government Debt: % of GDP

• New Zealand Government debt accounted for 44.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 41.9 % in the previous quarter.
• New Zealand government debt to GDP ratio data is updated quarterly, available from Dec 2006 to Sep 2024.
• The data reached an all-time high of 44.3 % in Sep 2024 and a record low of 16.6 % in Jun 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Treasury provides Government Debt in local currency. Stats NZ provides Nominal GDP in local currency.


Related information about New Zealand Government Debt: % of GDP

• In the latest reports, New Zealand National Government Debt reached 111.4 USD bn in Dec 2024.
• The country's Nominal GDP reached 62.0 USD bn in Mar 2023.

Full Year GDP Growth in New Zealand decreased to -0.50 percent in 2024 from 1.80 percent in 2023. This dataset includes a chart with historical data for New Zealand Full Year GDP Growth.

Key information about New Zealand Current Account Balance: % of GDP

• New Zealand Current Account deficit accounted for 5.8 % of the country's Nominal GDP in Sep 2024, compared with a 6.7 % deficit in the previous quarter.
• New Zealand Current Account Balance: % of Nominal GDP data is updated quarterly, available from Jun 1987 to Sep 2024, with an average value of -3.6 %.
• The data reached an all-time high of 1.2 % in Mar 2020 and a record low of -9.7 % in Jun 2022.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. Stats NZ provides Current Account Balance in local currency and Nominal GDP in local currency.


Key information about New Zealand Current Account Balance: % of GDP

• In the latest reports of New Zealand, Current Account recorded a deficit of 5.2 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 1.5 USD bn in Sep 2024.
• New Zealand Direct Investment Abroad expanded by 725.6 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 7.4 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 62.0 USD bn in Mar 2023.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for New Zealand (NZLGDPNQDSMEI) from Q2 1987 to Q3 2023 about New Zealand and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for New Zealand (NZLPFCEQDSMEI) from Q2 1987 to Q3 2023 about New Zealand, consumption expenditures, consumption, and private.

The statistic shows the distribution of employment in New Zealand by economic sector from 2013 to 2023. In 2023, 5.62 percent of the employees in New Zealand were active in the agricultural sector, 20.52 percent in industry and 73.86 percent in the service sector.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for New Zealand (NZLGFCFQDSMEI) from Q2 1987 to Q3 2023 about fixed capital formation, New Zealand, fixed, capital, and gross.

New Zealand NZT Forecast:(GDP) Gross Domestic ProductProduction Measure: Average: YoY data was reported at 2.300 % in 2023. This records a decrease from the previous number of 2.500 % for 2022. New Zealand NZT Forecast:(GDP) Gross Domestic ProductProduction Measure: Average: YoY data is updated yearly, averaging 2.750 % from Jun 1998 (Median) to 2023, with 26 observations. The data reached an all-time high of 4.200 % in 1999 and a record low of -0.900 % in 2009. New Zealand NZT Forecast:(GDP) Gross Domestic ProductProduction Measure: Average: YoY data remains active status in CEIC and is reported by New Zealand Treasury. The data is categorized under Global Database’s New Zealand – Table NZ.A023: Real GDP: Forecast: New Zealand Treasury.