[ Nominal GDP in billions of USD ]
Year -
$260.17 billions
New Zealand GDP expanded from 1960 to 2024, increasing from $5.54 billion to $260.17 billion.The compound annual growth rate (CAGR) averaged 6.2% over the period. The economy recorded its peak level in 2024 and its lowest level in 1968. Growth volatility remained high. The maximum drawdown reached 28.75%, indicating the largest cyclical decline from peak levels. The country experienced 13 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 260.17 Billions | $ 294.12 Int Billions |
| Growth (YoY) | 1.95% | 4.125% |
| Net Change vs Previous Year | $ 4.98 Billion | $ 11.65 Int Billion |
| % of World GDP | 0.23% | 0.15% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 5.54 | - | - | - | - | - |
| 1961 | 5.72 | 0.19 | 3.358 % | - | - | - |
| 1962 | 6.13 | 0.41 | 7.186 % | - | - | - |
| 1963 | 6.7 | 0.57 | 9.238 % | - | - | - |
| 1964 | 7.34 | 0.64 | 9.568 % | - | - | - |
| 1965 | 5.71 | -1.63 | -22.266 % | - | - | - |
| 1966 | 5.92 | 0.21 | 3.701 % | - | - | - |
| 1967 | 6.02 | 0.1 | 1.666 % | - | - | - |
| 1968 | 5.23 | -0.79 | -13.098 % | - | - | - |
| 1969 | 5.81 | 0.59 | 11.215 % | - | - | - |
| 1970 | 6.5 | 0.68 | 11.717 % | - | - | - |
| 1971 | 7.91 | 1.42 | 21.792 % | - | - | - |
| 1972 | 9.57 | 1.66 | 20.935 % | - | - | - |
| 1973 | 12.8 | 3.23 | 33.812 % | - | - | - |
| 1974 | 13.94 | 1.14 | 8.895 % | - | - | - |
| 1975 | 12.86 | -1.08 | -7.74 % | - | - | - |
| 1976 | 13.6 | 0.74 | 5.776 % | - | - | - |
| 1977 | 15.45 | 1.84 | 13.539 % | - | - | - |
| 1978 | 18.53 | 3.08 | 19.963 % | - | - | - |
| 1979 | 20.73 | 2.2 | 11.876 % | - | - | - |
| 1980 | 23.24 | 2.51 | 12.123 % | - | - | - |
| 1981 | 24.42 | 1.17 | 5.047 % | - | - | - |
| 1982 | 24.16 | -0.25 | -1.036 % | - | - | - |
| 1983 | 24.31 | 0.14 | 0.599 % | - | - | - |
| 1984 | 21.67 | -2.64 | -10.874 % | - | - | - |
| 1985 | 24.68 | 3.01 | 13.91 % | - | - | - |
| 1986 | 30.6 | 5.92 | 24.007 % | - | - | - |
| 1987 | 40.38 | 9.77 | 31.929 % | - | - | - |
| 1988 | 45.18 | 4.8 | 11.889 % | - | - | - |
| 1989 | 43.92 | -1.26 | -2.781 % | - | - | - |
| 1990 | 45.5 | 1.57 | 3.586 % | 49.52 | - | - |
| 1991 | 42.75 | -2.75 | -6.044 % | 50.89 | 1.37 | 2.769 % |
| 1992 | 41.65 | -1.1 | -2.563 % | 52.75 | 1.86 | 3.664 % |
| 1993 | 46.78 | 5.13 | 12.307 % | 57.03 | 4.27 | 8.1 % |
| 1994 | 55.31 | 8.54 | 18.255 % | 61.94 | 4.91 | 8.618 % |
| 1995 | 63.92 | 8.6 | 15.555 % | 65.7 | 3.76 | 6.066 % |
| 1996 | 70.14 | 6.22 | 9.734 % | 68.82 | 3.12 | 4.755 % |
| 1997 | 66.08 | -4.07 | -5.796 % | 72.33 | 3.5 | 5.088 % |
| 1998 | 56.23 | -9.85 | -14.904 % | 73.71 | 1.38 | 1.908 % |
| 1999 | 58.76 | 2.54 | 4.509 % | 78.92 | 5.22 | 7.08 % |
| 2000 | 52.62 | -6.14 | -10.447 % | 82.94 | 4.02 | 5.092 % |
| 2001 | 53.87 | 1.25 | 2.374 % | 87.39 | 4.45 | 5.365 % |
| 2002 | 66.63 | 12.76 | 23.677 % | 92.02 | 4.63 | 5.3 % |
| 2003 | 88.25 | 21.62 | 32.454 % | 96.6 | 4.58 | 4.974 % |
| 2004 | 103.91 | 15.65 | 17.738 % | 102.58 | 5.98 | 6.191 % |
| 2005 | 114.72 | 10.82 | 10.409 % | 106.15 | 3.57 | 3.475 % |
| 2006 | 111.54 | -3.18 | -2.773 % | 116.1 | 9.95 | 9.374 % |
| 2007 | 137.19 | 25.65 | 22.996 % | 123.98 | 7.89 | 6.792 % |
| 2008 | 133.44 | -3.75 | -2.735 % | 127.35 | 3.37 | 2.715 % |
| 2009 | 121.66 | -11.77 | -8.824 % | 132.33 | 4.98 | 3.913 % |
| 2010 | 146.89 | 25.23 | 20.734 % | 136.15 | 3.81 | 2.882 % |
| 2011 | 168.49 | 21.6 | 14.703 % | 143.53 | 7.38 | 5.422 % |
| 2012 | 176.56 | 8.08 | 4.793 % | 145.71 | 2.18 | 1.52 % |
| 2013 | 191.01 | 14.45 | 8.185 % | 161.08 | 15.37 | 10.551 % |
| 2014 | 201.52 | 10.51 | 5.5 % | 168.61 | 7.52 | 4.671 % |
| 2015 | 178.22 | -23.29 | -11.559 % | 173.21 | 4.6 | 2.731 % |
| 2016 | 189.1 | 10.88 | 6.102 % | 188.51 | 15.3 | 8.833 % |
| 2017 | 206.75 | 17.65 | 9.332 % | 203.34 | 14.83 | 7.867 % |
| 2018 | 211.99 | 5.24 | 2.535 % | 208.41 | 5.07 | 2.491 % |
| 2019 | 213.01 | 1.02 | 0.481 % | 225.05 | 16.64 | 7.984 % |
| 2020 | 213.03 | 0.02 | 0.011 % | 230.86 | 5.81 | 2.583 % |
| 2021 | 253.98 | 40.95 | 19.222 % | 245.33 | 14.46 | 6.265 % |
| 2022 | 249.51 | -4.47 | -1.759 % | 274.52 | 29.19 | 11.9 % |
| 2023 | 255.2 | 5.69 | 2.278 % | 282.47 | 7.95 | 2.895 % |
| 2024 | 260.17 | 4.98 | 1.95 % | 294.12 | 11.65 | 4.125 % |
Between 1960 to 2024, New Zealand experienced the following economic phases:
The most remarkable growth occurred in 1973 with an increase of 33.812%, while the largest decline was in 1965 at -22.266%.