Gross value added at basic prices (GVA) in New Zealand
New Zealand: Gross value added at basic prices (GVA) was 328.39 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in New Zealand, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in New Zealand stood at 328.39 billion constant LCU.
That represents a change of down 0.7% on the previous year and up 27.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in New Zealand peaked at 330.87 billion constant LCU in 2023 and was at its lowest, 103.47 billion constant LCU, in 1977.
That places New Zealand 107th out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 104.63 billion constant LCU | 103.47 billion constant LCU | 106.25 billion constant LCU | 3 |
| 1980s | 122.68 billion constant LCU | 107.19 billion constant LCU | 133.25 billion constant LCU | 10 |
| 1990s | 150.67 billion constant LCU | 131.56 billion constant LCU | 174.09 billion constant LCU | 10 |
| 2000s | 210.12 billion constant LCU | 179.39 billion constant LCU | 230.49 billion constant LCU | 10 |
| 2010s | 264.33 billion constant LCU | 231.73 billion constant LCU | 302.03 billion constant LCU | 10 |
| 2020s | 320.02 billion constant LCU | 301.85 billion constant LCU | 330.87 billion constant LCU | 5 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- DEC alternative conversion factor 1.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -1.25 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -754.10 million current US$ (2024)
- Taxes less subsidies on products 34.74 billion current LCU (2023)
- Taxes less subsidies on products 21.34 billion current US$ (2023)
- Net primary income (Net income from abroad) -11.66 billion current LCU (2024)
- Net primary income (Net income from abroad) -7.06 billion current US$ (2024)
- GNI per capita 78,957 current LCU (2025)
- GNI per capita, Atlas method 46,630 current US$ (2025)
- GNI 420.42 billion current LCU (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in New Zealand?
- Gross value added at basic prices (gva) in New Zealand was 328.39 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in New Zealand?
- The highest recorded value was 330.87 billion constant LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in New Zealand?
- The lowest recorded value was 103.47 billion constant LCU in 1977.
- How does New Zealand rank for gross value added at basic prices (gva)?
- New Zealand ranks 107th out of 197 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in New Zealand?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is rising.
- Where does this New Zealand data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.