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New Zealand GDP

New Zealand's GDP rose to $260.24 billion in 2024, up from $255.19 billion in 2023, according to World Bank. This represents an increase of 2% ($5.04 billion) from the previous year and accounts for 0.23% of the world's total GDP. New Zealand has GDP higher than the global median ($260.24 billion vs median $35.85 billion). Compared with the median in Oceania, New Zealand is higher ($260.24 billion vs regional median $1.10 billion) and ranks 2nd out of 19 countries in Oceania.

New Zealand's GDP per capita fell to $41,416.28 in 2024, down from $42,207.97 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 260.24
2023 255.19
2022 249.51
2021 253.98
2020 213.03
2019 213.01
2018 211.99
2017 206.75
2016 189.1
2015 178.22
2014 201.52
2013 191.01
2012 176.56
2011 168.48
2010 146.89
2009 121.66
2008 133.44
2007 137.19
2006 111.54
2005 114.72
2004 103.91
2003 88.25
2002 66.63
2001 53.87
2000 52.62
1999 58.76
1998 56.23
1997 66.08
1996 70.14
1995 63.92
1994 55.31
1993 46.78
1992 41.65
1991 42.75
1990 45.5
1989 43.92
1988 45.18
1987 40.38
1986 30.6
1985 24.68
1984 21.67
1983 24.31
1982 24.16
1981 24.42
1980 23.24
1979 20.73
1978 18.53
1977 15.45
1976 13.6
1975 12.86
1974 13.94
1973 12.8
1972 9.57
1971 7.91
1970 6.5
1969 5.81
1968 5.23
1967 6.02
1966 5.92
1965 5.71
1964 7.34
1963 6.7
1962 6.13
1961 5.72
1960 5.54
New Zealand GDP : Definition
GDP measures the total value of all goods and services produced in New Zealand, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -0.13% 1.39% 2024
GDP Growth Rate (QoQ) -0.9% 0.9% Jun'25
GDP Growth Rate (YoY) -0.6% -0.6% Jun'25
GDP per Capita $41,416.28 $42,207.97 2024
GDP per Capita PPP $48,162.86 $49,083.51 2024
R&D Expenditure (% GDP) 1.47% 1.41% 2021
Real GDP $221.1B $221.38B 2024