New Zealand's GDP changed from approximately $22B 559M in 1980 to $257B 625M in 2024, showing an overall 1042.0% sharply increased during the period.
The lowest GDP was recorded in 1984 at $22B 385M, and the highest in 2024 at $257B 625M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.7%.
For comparison, the average annual growth rate of Australia was 5.6%, and that of Fiji was 3.5%.
New Zealand GDP from 1980 to 2024
The total market value of goods and services produced annually in New Zealand.
Overview of New Zealand's GDP (1980–2024)
The Gross Domestic Product (GDP) of New Zealand recorded a 1042.0% sharply increased from 1980 to 2024.
The average GDP during this period was $108B 293M, and the median was $69B 101M.
GDP fluctuated within a range of $235B 240M, with a standard deviation of $76B 710M.
The average annual change was $5B 604M.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $22B 385M
- Highest GDP: 2024, $257B 625M
- Most Recent GDP: 2024, $257B 625M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and New Zealand's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $210B 762M → $210B 257M
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $134B 876M → $121B 701M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $54B 127M → $53B 129M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $68B 867M → $56B 816M
- Outcome: sharply declined
Key Economic Indicators of New Zealand (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 1.009 % | $ 22B 559M | $ 28B 523M | $ 7,257.48 | $ 9,176.28 | 14.66 % | 3M 108K people | -4.003 % | 0 % |
1981 | 2.961 % | $ 23B 479M | $ 32B 146M | $ 7,514.06 | $ 10,287.72 | 13.23 % | 3M 125K people | -4.924 % | 0 % |
1982 | 2.878 % | $ 23B 245M | $ 35B 115M | $ 7,381.33 | $ 11,150.80 | 12.80 % | 3M 149K people | -7.356 % | 0 % |
1983 | -0.124 % | $ 22B 492M | $ 36B 445M | $ 7,074.64 | $ 11,463.46 | 20.38 % | 3M 179K people | -4.35 % | 0 % |
1984 | 6.858 % | $ 22B 385M | $ 40B 350M | $ 6,970.85 | $ 12,565.29 | 19.59 % | 3M 211K people | -8.836 % | 0 % |
1985 | 1.213 % | $ 22B 546M | $ 42B 130M | $ 6,953.64 | $ 12,993.75 | 19.10 % | 3M 242K people | -6.614 % | -1.382 % |
1986 | 1.81 % | $ 27B 437M | $ 43B 757M | $ 8,385.75 | $ 13,373.64 | 19.73 % | 3M 272K people | -5.612 % | -0.518 % |
1987 | 2.436 % | $ 36B 990M | $ 45B 933M | $ 11,205.85 | $ 13,915.04 | 19.08 % | 3M 301K people | -4.017 % | 1.627 % |
1988 | 0.555 % | $ 45B 520M | $ 47B 817M | $ 13,663.59 | $ 14,353.20 | 20.07 % | 3M 331K people | -0.33 % | 3.553 % |
1989 | 0.428 % | $ 44B 22M | $ 49B 905M | $ 13,079 | $ 14,826.87 | 19.56 % | 3M 366K people | -3.013 % | 3.788 % |
1990 | 0.021 % | $ 45B 799M | $ 51B 784M | $ 13,447.63 | $ 15,204.85 | 17.70 % | 3M 406K people | -2.853 % | 3.819 % |
1991 | -1.322 % | $ 43B 435M | $ 52B 828M | $ 12,424.80 | $ 15,111.80 | 15.60 % | 3M 496K people | -2.394 % | 1.362 % |
1992 | 0.704 % | $ 41B 520M | $ 54B 412M | $ 11,751.98 | $ 15,401.09 | 15.50 % | 3M 533K people | -3.676 % | 1.593 % |
1993 | 5.225 % | $ 44B 805M | $ 58B 612M | $ 12,537.73 | $ 16,401.38 | 17.66 % | 3M 574K people | -3.314 % | 5.815 % |
1994 | 5.583 % | $ 52B 920M | $ 63B 206M | $ 14,612.42 | $ 17,452.44 | 18.94 % | 3M 622K people | -3.154 % | 8.637 % |
1995 | 4.893 % | $ 62B 241M | $ 67B 688M | $ 16,932.66 | $ 18,414.53 | 19.41 % | 3M 676K people | -3.952 % | 9.873 % |
1996 | 4.075 % | $ 69B 101M | $ 71B 736M | $ 18,506.44 | $ 19,212.10 | 18.33 % | 3M 734K people | -4.721 % | 7.867 % |
1997 | 2.447 % | $ 68B 867M | $ 74B 758M | $ 18,206.15 | $ 19,763.75 | 18.68 % | 3M 783K people | -5.204 % | 5.676 % |
1998 | 0.411 % | $ 56B 816M | $ 75B 909M | $ 14,889.75 | $ 19,893.38 | 18.18 % | 3M 816K people | -2.782 % | 3.468 % |
1999 | 4.483 % | $ 58B 898M | $ 80B 434M | $ 15,348.78 | $ 20,961.21 | 18.13 % | 3M 837K people | -5.002 % | 2.339 % |