Services, value added in New Zealand
New Zealand: Services, value added was 284.87 billion current LCU in 2023. ◆ Volatile
Services, value added in New Zealand, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
New Zealand recorded 284.87 billion current LCU for services, value added in 2023. That is the highest value across all 53 years on record.
That represents a change of up 7.3% on the previous year and up 89.9% over ten years.
Over the whole period, services, value added in New Zealand peaked at 284.87 billion current LCU in 2023 and was at its lowest, 3.55 billion current LCU, in 1971.
That places New Zealand 119th out of 205 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 | 6.72 billion current LCU | 3.55 billion current LCU | 10.92 billion current LCU | 9 |
| 1980s | 27.56 billion current LCU | 13.09 billion current LCU | 43.48 billion current LCU | 10 |
| 1990s | 56.64 billion current LCU | 45.63 billion current LCU | 71.00 billion current LCU | 10 |
| 2000s | 101.36 billion current LCU | 74.07 billion current LCU | 127.36 billion current LCU | 10 |
| 2010s | 166.64 billion current LCU | 130.95 billion current LCU | 211.54 billion current LCU | 10 |
| 2020s | 252.19 billion current LCU | 217.52 billion current LCU | 284.87 billion current LCU | 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 services, value added in New Zealand?
- Services, value added in New Zealand was 284.87 billion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in New Zealand?
- The highest recorded value was 284.87 billion current LCU in 2023.
- What is the lowest services, value added recorded in New Zealand?
- The lowest recorded value was 3.55 billion current LCU in 1971.
- How does New Zealand rank for services, value added?
- New Zealand ranks 119th out of 205 countries with data for 2023.
- Is services, value added rising or falling in New Zealand?
- Over the last ten years it is up 89.9%. 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 Services, value added (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.