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.

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.

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.

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.

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 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.

The gross domestic product (GDP) per capita in New Zealand was estimated at about 48.31 thousand U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 41.05 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 4.54 thousand U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

New Zealand Gross Domestic Product (GDP) data was reported at 112,923.000 NZD mn in Dec 2024. This records an increase from the previous number of 103,132.000 NZD mn for Sep 2024. New Zealand Gross Domestic Product (GDP) data is updated quarterly, averaging 41,235.000 NZD mn from Jun 1987 (Median) to Dec 2024, with 151 observations. The data reached an all-time high of 112,923.000 NZD mn in Dec 2024 and a record low of 15,530.000 NZD mn in Sep 1987. New Zealand Gross Domestic Product (GDP) data remains active status in CEIC and is reported by Stats NZ. The data is categorized under Global Database’s New Zealand – Table NZ.A001: SNA08: GDP by Expenditure.

The Gross Domestic Product per capita in New Zealand was last recorded at 41416.28 US dollars in 2024. The GDP per Capita in New Zealand is equivalent to 328 percent of the world's average. This dataset provides - New Zealand GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about New Zealand Nominal GDP Growth

• New Zealand Nominal GDP Growth was reported at 1.644 % in Sep 2024.
• This records a decrease from the previous number of 2.557 % for Jun 2024.
• New Zealand Nominal GDP Growth data is updated quarterly, averaging 5.353 % from Jun 1988 to Sep 2024, with 146 observations.
• The data reached an all-time high of 20.130 % in Jun 2021 and a record low of -7.270 % in Jun 2020.
• New Zealand Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Stats NZ provides Nominal GDP in local currency.

Graph and download economic data for Constant GDP per capita for New Zealand (NYGDPPCAPKDNZL) from 1960 to 2024 about New Zealand, per capita, real, and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for New Zealand (NAEXKP06NZA657S) from 1989 to 2024 about New Zealand, exports, goods, services, real, and GDP.

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.

Graph and download economic data for Gross Domestic Product Per Capita for New Zealand (PCAGDPNZA646NWDB) from 1960 to 2024 about New Zealand, per capita, and GDP.

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.

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.

The New Zealand financial and insurance services industry had a gross domestic product (GDP) of around ** billion New Zealand dollars in 2024. GDP growth in this industry has been steady, increasing by around *** billion New Zealand dollars since 2014.

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.

In the year ended March 2024, New Zealand's construction industry GDP declined by around 1.2 percent from the previous year. The industry's GDP has remained above 17 billion New Zealand dollars since 2020.

The agriculture, forestry, and fishing industry is a major production and export industry in New Zealand. In the year ended March 2024, the gross domestic product (GDP) of this industry amounted to over **** billion New Zealand dollars.  New Zealand agriculture  Pastoral farming of sheep and cattle constitutes a large portion of the New Zealand agriculture industry. Despite continuing a declining trend, New Zealand’s sheep population exceeded ** million in 2024. Sheep meat and wool are both important agricultural commodities produced in the country. These products, along with beef and lamb, are consumed domestically as well as exported overseas. Horticulture production is also an important segment. A wide variety of fresh and processed fruit and vegetables are produced, consumed, and exported from New Zealand. The highest value of horticultural exports from New Zealand went to Asia in 2024. Changing consumption habits The consumption of beef and veal in New Zealand is projected to decrease over the next years. At the same time, global meat consumption is predicted to reduce significantly in the next 15 years, with meat replacements and alternatives filling the market. With the country’s agriculture industry dependent on its meat exports, this presents both challenges and opportunities for New Zealand agriculture.