New Zealand GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


New Zealand GDP from 1980 to 2024

The total market value of goods and services produced annually in New Zealand.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 22B 559M
    $ 7,257.48
    $ 9,176.28
    $ 28B 523M
    1.009 %
    -4.003 %
    14.66 %
    0 %
    3M 108K people
    1981
    $ 23B 479M
    $ 7,514.06
    $ 10,287.72
    $ 32B 146M
    2.961 %
    -4.924 %
    13.23 %
    0 %
    3M 125K people
    1982
    $ 23B 245M
    $ 7,381.33
    $ 11,150.80
    $ 35B 115M
    2.878 %
    -7.356 %
    12.80 %
    0 %
    3M 149K people
    1983
    $ 22B 492M
    $ 7,074.64
    $ 11,463.46
    $ 36B 445M
    -0.124 %
    -4.35 %
    20.38 %
    0 %
    3M 179K people
    1984
    $ 22B 385M
    $ 6,970.85
    $ 12,565.29
    $ 40B 350M
    6.858 %
    -8.836 %
    19.59 %
    0 %
    3M 211K people
    1985
    $ 22B 546M
    $ 6,953.64
    $ 12,993.75
    $ 42B 130M
    1.213 %
    -6.614 %
    19.10 %
    -1.382 %
    3M 242K people
    1986
    $ 27B 437M
    $ 8,385.75
    $ 13,373.64
    $ 43B 757M
    1.81 %
    -5.612 %
    19.73 %
    -0.518 %
    3M 272K people
    1987
    $ 36B 990M
    $ 11,205.85
    $ 13,915.04
    $ 45B 933M
    2.436 %
    -4.017 %
    19.08 %
    1.627 %
    3M 301K people
    1988
    $ 45B 520M
    $ 13,663.59
    $ 14,353.20
    $ 47B 817M
    0.555 %
    -0.33 %
    20.07 %
    3.553 %
    3M 331K people
    1989
    $ 44B 22M
    $ 13,079
    $ 14,826.87
    $ 49B 905M
    0.428 %
    -3.013 %
    19.56 %
    3.788 %
    3M 366K people
    1990
    $ 45B 799M
    $ 13,447.63
    $ 15,204.85
    $ 51B 784M
    0.021 %
    -2.853 %
    17.70 %
    3.819 %
    3M 406K people
    1991
    $ 43B 435M
    $ 12,424.80
    $ 15,111.80
    $ 52B 828M
    -1.322 %
    -2.394 %
    15.60 %
    1.362 %
    3M 496K people
    1992
    $ 41B 520M
    $ 11,751.98
    $ 15,401.09
    $ 54B 412M
    0.704 %
    -3.676 %
    15.50 %
    1.593 %
    3M 533K people
    1993
    $ 44B 805M
    $ 12,537.73
    $ 16,401.38
    $ 58B 612M
    5.225 %
    -3.314 %
    17.66 %
    5.815 %
    3M 574K people
    1994
    $ 52B 920M
    $ 14,612.42
    $ 17,452.44
    $ 63B 206M
    5.583 %
    -3.154 %
    18.94 %
    8.637 %
    3M 622K people
    1995
    $ 62B 241M
    $ 16,932.66
    $ 18,414.53
    $ 67B 688M
    4.893 %
    -3.952 %
    19.41 %
    9.873 %
    3M 676K people
    1996
    $ 69B 101M
    $ 18,506.44
    $ 19,212.10
    $ 71B 736M
    4.075 %
    -4.721 %
    18.33 %
    7.867 %
    3M 734K people
    1997
    $ 68B 867M
    $ 18,206.15
    $ 19,763.75
    $ 74B 758M
    2.447 %
    -5.204 %
    18.68 %
    5.676 %
    3M 783K people
    1998
    $ 56B 816M
    $ 14,889.75
    $ 19,893.38
    $ 75B 909M
    0.411 %
    -2.782 %
    18.18 %
    3.468 %
    3M 816K people
    1999
    $ 58B 898M
    $ 15,348.78
    $ 20,961.21
    $ 80B 434M
    4.483 %
    -5.002 %
    18.13 %
    2.339 %
    3M 837K people