Source: world bank Nominal/PPP
Summary:
New Zealand GDP Per Capita expanded from 1960 to 2024, increasing from $5.54 to $260.17 .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.
New Zealand Economic Phases (1960 - 2024)
From 1960 to 2024, New Zealand economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1964) indicating robust economic expansion
- Expansion (1966–1967) indicating steady moderate growth
- High Growth (1969–1974) indicating robust economic expansion
- High Growth (1976–1981) indicating robust economic expansion
- High Growth (1985–1988) indicating robust economic expansion
- Contraction (1991–1992) indicating temporary slowdown
- High Growth (1993–1996) indicating robust economic expansion
- High Growth (2002–2005) indicating robust economic expansion
- Contraction (2008–2009) indicating temporary slowdown
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2016–2017) indicating robust economic expansion
- Expansion (2018–2020) indicating steady moderate growth
- Expansion (2023–2024) indicating steady moderate growth
The most remarkable growth occurred in 1973 with an increase of 33.812%, while the largest decline was in 1965 at -22.266%.