Gross value added at basic prices (GVA) in New Zealand
New Zealand: Gross value added at basic prices (GVA) was 235.04 billion current US$ in 2023. ◆ Volatile
Gross value added at basic prices (GVA) in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
New Zealand recorded 235.04 billion current US$ for gross value added at basic prices (gva) in 2023. That is the highest value across all 53 years on record.
The figure is up 2.7% on the previous year and up 34.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in New Zealand peaked at 235.04 billion current US$ in 2023 and was at its lowest, 7.81 billion current US$, in 1971.
That places New Zealand 53rd out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.76 billion current US$ | 7.81 billion current US$ | 20.49 billion current US$ | 9 |
| 1980s | 29.10 billion current US$ | 21.31 billion current US$ | 42.52 billion current US$ | 10 |
| 1990s | 50.77 billion current US$ | 38.70 billion current US$ | 64.91 billion current US$ | 10 |
| 2000s | 91.21 billion current US$ | 49.02 billion current US$ | 126.82 billion current US$ | 10 |
| 2010s | 172.52 billion current US$ | 135.40 billion current US$ | 194.85 billion current US$ | 10 |
| 2020s | 222.97 billion current US$ | 195.74 billion current US$ | 235.04 billion current US$ | 4 |
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 235.04 billion current US$ in 2023, 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 235.04 billion current US$ in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in New Zealand?
- The lowest recorded value was 7.81 billion current US$ in 1971.
- How does New Zealand rank for gross value added at basic prices (gva)?
- New Zealand ranks 53rd out of 206 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in New Zealand?
- Over the last ten years it is up 34.1%. The long-run trend across the full record is volatile.
- 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.