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Economy of Antigua and Barbuda vs New Zealand compared: GDP & Debt

Updated on by Georank team

Antigua and Barbuda has a GDP of $2.21B compared to $260B for New Zealand, ranking 177/197 and 52/197 by economy size, respectively.

Antigua and Barbuda has $1.49B in government debt (67.6% of GDP), compared to $131B (50.2% of GDP) in New Zealand.

Antigua and Barbuda vs New Zealand GDP by year

Antigua and Barbuda
New Zealand
1x
Year GDP, current $
Antigua New Zealand
2024 $2,207,622,874 $260,172,385,098
2023 $2,005,785,185 $255,194,972,673
2022 $1,866,566,667 $249,509,991,440
2021 $1,602,125,926 $253,977,931,815
2020 $1,411,637,037 $213,029,554,654
2019 $1,726,448,148 $213,006,341,102
2018 $1,661,529,630 $211,985,631,173
2017 $1,534,855,556 $206,745,969,246
2016 $1,489,603,704 $189,100,085,275
2015 $1,437,485,185 $178,224,167,088
2014 $1,378,707,407 $201,518,402,787
2013 $1,325,496,296 $191,012,364,177
2012 $1,364,729,630 $176,560,711,239
2011 $1,287,359,259 $168,484,908,960
2010 $1,298,348,148 $146,887,902,524
2009 $1,386,518,519 $121,663,439,315
2008 $1,557,640,741 $133,437,126,590
2007 $1,487,381,481 $137,188,946,866
2006 $1,303,674,074 $111,538,810,713
2005 $1,143,896,296 $114,720,129,550
2004 $1,026,329,630 $103,905,210,084
2003 $948,100,000 $88,250,885,550
2002 $898,092,593 $66,627,729,311
2001 $877,774,074 $53,872,425,917
2000 $901,003,704 $52,623,281,957
1999 $835,544,444 $58,762,260,626
1998 $789,788,889 $56,227,169,851
1997 $734,422,222 $66,075,143,415
1996 $679,140,741 $70,140,835,299
1995 $616,051,852 $63,918,703,507
1994 $625,081,481 $55,314,732,279
1993 $565,662,963 $46,775,620,817
1992 $525,133,333 $41,649,829,860
1991 $504,337,037 $42,745,329,732
1990 $478,718,519 $45,495,129,385
1989 $455,174,074 $43,920,222,525
1988 $411,396,296 $45,176,811,594
1987 $346,866,667 $40,376,354,070
1986 $297,562,963 $30,604,668,357
1985 $246,370,370 $24,679,795,396
1984 $212,214,815 $21,665,975,319
1983 $184,866,667 $24,309,279,706
1982 $166,444,444 $24,164,603,059
1981 $149,388,889 $24,417,617,184
1980 $132,451,852 $23,244,547,385
1979 $109,596,296 $20,731,243,113
1978 $88,040,741 $18,530,518,395
1977 $77,507,407 $15,446,825,318
1976 - $13,604,832,424
1975 - $12,861,983,284
1974 - $13,940,981,798
1973 - $12,802,281,898
1972 - $9,567,331,065
1971 - $7,911,136,757
1970 - $6,495,605,331
1969 - $5,814,357,709
1968 - $5,228,045,415
1967 - $6,016,017,227
1966 - $5,917,437,693
1965 - $5,706,251,400
1964 - $7,340,766,415
1963 - $6,699,741,645
1962 - $6,133,158,532
1961 - $5,721,994,864
1960 - $5,536,098,360

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/new-zealand | CC BY

GDP per capita in Antigua and Barbuda vs New Zealand by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
New Zealand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua New Zealand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,542 $33,386 $49,205 $55,551
2023 $21,495 $31,602 $49,076 $54,697
2022 $20,105 $29,934 $49,100 $54,034
2021 $17,349 $25,745 $49,950 $48,249
2020 $15,370 $22,370 $41,998 $45,513
2019 $18,896 $26,551 $42,856 $45,278
2018 $18,273 $24,524 $43,257 $42,527
2017 $16,966 $21,422 $42,950 $42,244
2016 $16,557 $21,320 $40,114 $39,989
2015 $16,078 $20,985 $38,665 $37,513
2014 $15,532 $21,671 $44,618 $37,331
2013 $15,052 $21,761 $43,000 $36,263
2012 $15,640 $23,012 $40,054 $33,055
2011 $14,912 $23,804 $38,432 $32,739
2010 $15,217 $24,071 $33,762 $31,305
2009 $16,472 $26,157 $28,277 $30,746
2008 $18,787 $29,978 $31,325 $29,896
2007 $18,205 $29,851 $32,480 $29,331
2006 $16,174 $26,949 $26,655 $27,732
2005 $14,369 $23,485 $27,751 $25,677
2004 $13,038 $21,629 $25,420 $25,124
2003 $12,173 $20,127 $21,914 $23,996
2002 $11,659 $18,813 $16,874 $23,306
2001 $11,539 $18,569 $13,883 $22,511
2000 $12,027 $19,319 $13,641 $21,500
1999 $11,342 $18,088 $15,322 $20,579
1998 $10,907 $17,496 $14,738 $19,323
1997 $10,336 $16,836 $17,474 $19,100
1996 $9,756 $16,017 $18,794 $18,392
1995 $9,034 $15,062 $17,400 $17,864
1994 $9,351 $15,736 $15,280 $17,108
1993 $8,625 $14,720 $13,094 $15,900
1992 $8,154 $13,908 $11,793 $14,877
1991 $7,956 $13,658 $12,230 $14,501
1990 $7,591 $12,996 $13,663 $14,812
1989 $7,188 - $13,312 -
1988 $6,466 - $13,759 -
1987 $5,424 - $12,331 -
1986 $4,629 - $9,428 -
1985 $3,814 - $7,601 -
1984 $3,271 - $6,714 -
1983 $2,847 - $7,598 -
1982 $2,569 - $7,656 -
1981 $2,310 - $7,814 -
1980 $2,053 - $7,467 -
1979 $1,705 - $6,668 -
1978 $1,375 - $5,937 -
1977 $1,214 - $4,951 -
1976 - - $4,374 -
1975 - - $4,172 -
1974 - - $4,611 -
1973 - - $4,323 -
1972 - - $3,295 -
1971 - - $2,773 -
1970 - - $2,311 -
1969 - - $2,097 -
1968 - - $1,902 -
1967 - - $2,208 -
1966 - - $2,211 -
1965 - - $2,171 -
1964 - - $2,839 -
1963 - - $2,646 -
1962 - - $2,471 -
1961 - - $2,365 -
1960 - - $2,334 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/new-zealand | CC BY

Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $49,205 in New Zealand, ranking 26/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while New Zealand ranks 38th at $55,551.

Economic indicators

Antigua New Zealand
Gross domestic product
$2.21B
2024
$260B
2024
GDP rank
177/197
2024
52/197
2024
GDP growth
3.66%
2023-2024
1.29%
2023-2024
GDP per capita
$23,542
2024
$49,205
2024
GDP per capita rank
53/197
2024
26/197
2024
GDP per capita, PPP
$33,386
2024
$55,551
2024
GDP per capita PPP rank
66/197
2024
38/197
2024
Government debt
$1.49B
2024
$131B
2024
Debt-to-GDP ratio
67.6%
2024
50.2%
2024
Government debt per person
$15,910
2024
$24,722
2024
Government debt per person rank
39/185
2024
28/185
2024
Average annual personal income after taxes
$16,563
2026
$37,758
2026
Market capitalization of domestic companies n/a
$92.9B
2024
Number of billionaires n/a
5
2025
Government expenditure, % of GDP
19.8%
2024
41.9%
2024
Consumer prices inflation
6.2%
2023-2024
2.92%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
5.37%
2023
4.76%
2024
Population
94757
5374272

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
New Zealand
Spending

Debt
1x
Year % of GDP
Antigua New Zealand
Government spending Government debt Government spending Government debt
2024 19.8% 67.6% 41.9% 50.2%
2023 18.8% 76.3% 41.2% 46.9%
2022 20.7% 82% 41.8% 46.9%
2021 23.4% 93% 41.9% 47.5%
2020 26% 100.5% 42% 43.2%
2019 22.1% 81.6% 38.8% 31.8%
2018 21.5% 84.3% 36.1% 28.1%
2017 22.6% 88.2% 35.6% 31.1%
2016 23.8% 83.1% 36.4% 33.3%
2015 24.8% 92.1% 37.2% 34.2%
2014 20.9% 91.9% 37.7% 34.2%
2013 20.7% 85.4% 38.6% 34.5%
2012 18.5% 76.9% 39.7% 35.7%
2011 21.1% 81.1% 42.4% 34.7%
2010 20% 79.4% 42.9% 29.6%
2009 32.1% 89.2% 40.3% 24.3%
2008 23.2% 66.8% 38.5% 19%
2007 23.8% 68.7% 37.1% 16.3%
2006 26% 79.1% 37.9% 18.4%
2005 21.5% 82.8% 37.1% 20.8%
2004 21.9% 107.7% 36.2% 22.5%
2003 24.2% 113% 36.7% 24.7%
2002 26.3% 114.5% 36.8% 26.4%
2001 24.2% 107.6% 37.2% 28.2%
2000 21.1% 96.4% 38.3% 30%
1999 20.3% 95.9% 39.3% 32%
1998 20.7% 94.6% 40.1% 34.5%
1997 16.8% 80.6% 39.3% 34.6%
1996 19.6% 85.5% 39.9% 37.3%
1995 21% 92.1% 41.6% 43.5%
1994 21.2% 84.5% 42.8% 48.9%
1993 19.4% 85.3% 46.8% 54.6%
1992 18.7% 90.8% 52.5% 58.7%
1991 20.8% 94.6% 53% 58%
1990 18.1% 94.1% 49.6% 55.5%
1989 - - 47.8% 54.9%
1988 - - 46.1% 54.7%
1987 - - 46.1% 62.9%
1986 - - 46.9% 68.5%
1985 - - 46.2% 64.1%
1984 - - 40.7% 62.8%
1983 - - 41.4% 59.6%
1982 - - 39.9% 51.5%
1981 - - 39.1% 50.5%
1980 - - 38% 52.2%
1979 - - 38.4% 52%
1978 - - 36.6% 50%
1977 - - 30% 44.6%
1976 - - 31.6% 47.6%
1975 - - 30.1% 41.4%
1974 - - 27.3% 39.6%
1973 - - 27.1% 44%
1972 - - 26.4% 46%
1971 - - 26.8% 71.3%
1970 - - 24.8% 76.5%
1969 - - 25.9% 85.8%
1968 - - 26.2% 86.5%
1967 - - 26% 59.7%
1966 - - 25% 58.2%
1965 - - 24.9% 59.6%
1964 - - 19.4% 61.8%
1963 - - 19.4% 64.5%
1962 - - 21.6% 65%
1961 - - 21.1% 64.6%
1960 - - 25.3% 68.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/new-zealand | CC BY

In 2024, Antigua and Barbuda's government spending was $437M, accounting for 19.8% of its GDP, while New Zealand spent $109B, or 41.9% of GDP.

Debt-to-GDP ratio is 67.6% in Antigua and Barbuda and 50.2% in New Zealand, ranking 63/185 and 107/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

New Zealand
1x
Year Deficit/surplus, % of GDP
Antigua New Zealand
2024 1.61% -3.61%
2023 -1.7% -3.54%
2022 -2.84% -4.16%
2021 -4.52% -3.5%
2020 -6.23% -4.35%
2019 -3.64% -2.5%
2018 -2.43% 1.27%
2017 -2.72% 1.36%
2016 -0.14% 0.98%
2015 -2.42% 0.36%
2014 -2.6% -0.34%
2013 -3.83% -1.29%
2012 -0.97% -2.19%
2011 -3.09% -4.96%
2010 -0.24% -5.51%
2009 -15.8% -1.81%
2008 -4.72% 1.47%
2007 -4.98% 3.6%
2006 -6.62% 4.62%
2005 -4.29% 5.13%
2004 -3.9% 4.49%
2003 -7.32% 3.68%
2002 -8.83% 2.55%
2001 -8.58% 1.29%
2000 -4.5% 0.17%
1999 -3.08% -1.11%
1998 -1.62% -0.48%
1997 0% 1.23%
1996 -1.61% 2.58%
1995 -3.89% 3.7%
1994 -4.33% 1.99%
1993 -2.45% -1.53%
1992 -0.81% -6.27%
1991 -3.91% -6.14%
1990 0.12% -2.74%
1989 - -2.16%
1988 - -1.88%
1987 - -3.43%
1986 - -5.33%
1985 - -6.97%
1984 - -8.68%
1983 - -6.64%
1982 - -6.26%
1981 - -6.02%
1980 - -4.9%
1979 - -6.55%
1978 - -3.41%
1977 - -1.09%
1976 - -2.07%
1975 - 0.11%
1974 - 0.03%
1973 - -0.07%
1972 - 0.12%
1971 - 0.09%
1970 - -0.05%
1969 - 0.17%
1968 - 0.03%
1967 - 0.02%
1966 - 0.09%
1965 - 0.26%
1964 - -0.08%
1963 - -0.26%
1962 - 0.02%
1961 - 0.03%
1960 - 0.05%
1959 - 0.03%
1958 - -0.02%
1957 - 0.32%
1956 - 1.33%
1955 - 0.73%
1954 - 0.22%
1953 - 0.43%
1952 - 1.73%
1951 - 1.17%
1950 - 0.78%
1949 - 0.53%
1948 - 0.36%
1947 - 1.07%
1946 - 0.31%
1945 - 0.32%
1944 - 0.59%
1943 - 1.24%
1942 - 0.56%
1941 - 0.64%
1940 - 0.13%
1939 - 0.34%
1938 - 0.38%
1937 - 0.23%
1936 - 0.17%
1935 - 1.19%
1934 - -0.55%
1933 - 0.02%
1932 - -1.77%
1931 - -1.12%
1930 - 0.09%
1929 - -0.37%
1928 - 0.12%
1927 - 0.4%
1926 - 0.72%
1925 - 0.78%
1924 - 1.2%
1923 - 0.95%
1922 - -0.2%
1921 - 3.55%
1920 - 1.51%
1919 - 2.9%
1918 - 4.35%
1917 - 3.89%
1916 - 1.46%
1915 - 0.06%
1914 - 0.45%
1913 - 0.79%
1912 - 0.89%
1911 - 1.24%
1910 - 0.36%
1909 - 0.31%
1908 - 1.26%
1907 - 1.13%
1906 - 0.97%
1905 - 1.41%
1904 - 1.42%
1903 - 0.55%
1902 - 0.63%
1901 - 1.11%
1900 - 1.59%
1899 - 1.15%
1898 - 1.38%
1897 - 0.86%
1896 - 0.65%
1895 - 0.32%
1894 - 0.76%
1893 - 1.14%
1892 - 0.09%
1891 - 0.46%
1890 - 0.05%
1889 - 0.59%
1888 - -1.64%
1887 - -1.63%
1886 - -0.53%
1885 - -0.47%
1884 - -0.1%
1883 - 0.38%
1882 - 0.18%
1881 - -2.33%
1880 - -2.39%
1879 - -0.55%
1878 - -0.85%
1877 - -2.53%
1876 - -5.28%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/new-zealand | CC BY

In 2024, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $35.6M, equivalent to 1.61% of GDP. This compares to New Zealand's deficit of $9.38B, or 3.61% of GDP.

Over the past 35 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while New Zealand ran a deficit in 18 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.63% of GDP, compared to deficit of 0.44% of GDP for New Zealand.

Inflation comparison by year

Inflation
Antigua and Barbuda

New Zealand
1x
Year Consumer prices inflation
Antigua New Zealand
2024 6.2% 2.92%
2023 5.1% 5.73%
2022 7.5% 7.17%
2021 1.6% 3.94%
2020 1.1% 1.71%
2019 1.4% 1.62%
2018 1.2% 1.6%
2017 2.4% 1.85%
2016 -0.5% 0.65%
2015 1% 0.29%
2014 1.1% 1.23%
2013 1.1% 1.13%
2012 3.4% 1.06%
2011 3.5% 4.03%
2010 3.4% 2.3%
2009 -0.6% 2.12%
2008 5.3% 3.96%
2007 1.4% 2.38%
2006 1.8% 3.37%
2005 2.1% 3.04%
2004 2% 2.29%
2003 2% 1.75%
2002 2.4% 2.68%
2001 1.9% 2.63%
2000 -0.2% 2.62%
1999 1.1% -0.11%
1998 3.3% 1.27%
1997 0.4% 1.19%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/new-zealand | CC BY

Over the past 28 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.23%, compared with 2.37% in New Zealand. In 2024, inflation was 6.2% in Antigua and Barbuda and 2.92% in New Zealand.

Top exports between countries

Antigua
Export category Export value
Textiles & consumer goods $28K
Machinery & equipment $21K
Metals $4K
New Zealand
Export category Export value
Animal & marine products $953K
Transport & tourism services $300K
Textiles & consumer goods $246K
Metals $157K
Machinery & equipment $94K
Raw materials & minerals $19K
Processed food, beverages & tobacco $10K
Chemicals & pharma $8K

Balance of trade

Antigua New Zealand
Current account balance
-$181M
2024
-$12.1B
2024
Current account balance ranking
98/190
2024
178/190
2024
Current account balance, % of GDP
-8.22%
2024
-4.65%
2024
Goods imports
$726M
2024
$47.3B
2024
Goods exports
$72.1M
2024
$43.3B
2024
Service imports
$557M
2024
$19.5B
2024
Service exports
$1.24B
2024
$18.9B
2024
Imports of goods and services, % of GDP
63%
2022
26.4%
2024
Exports of goods and services, % of GDP
54.7%
2022
24.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua New Zealand
Economic freedom 56 77.8
Economic freedom ranking 125/197 13/197
Property rights n/a 85.4
Government integrity n/a 90
Judicial effectiveness n/a 95.9
Tax burden n/a 66.1
Government spending n/a 48
Fiscal health n/a 72.2
Business freedom n/a 89.1
Labor freedom n/a 68.6
Monetary freedom n/a 77.4
Trade freedom n/a 90.6
Investment freedom n/a 70
Financial freedom n/a 80

Other economic metrics

Antigua New Zealand
Services, % of GDP
69.1%
2023
67.4%
2022
Industry, % of GDP
19%
2023
19.6%
2022
Agriculture, forestry, and fishing, % of GDP
1.94%
2023
4.57%
2022
GNI, Atlas method
$1.98B
2024
$252B
2024
GNI per capita, PPP
$31,730
2024
$53,600
2024
Total reserves including gold
$358M
2024
$22.1B
2024
Total reserves ranking
164/177
2024
59/177
2024
Net foreign direct investment
-$253M
2024
-$878M
2024
Net inflows of foreign direct investment
$246M
2024
$1.76B
2024
Net outflows of foreign direct investment
-$68.4K
2024
$882M
2024
Gross capital formation, % of GDP n/a
22.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/antigua-and-barbuda/new-zealand | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.