New Zealand ranked 52/197 by economy size with a GDP of $260B and 26/197 by GDP per capita at $49,205. New Zealand has $131B in government debt, with a debt-to-GDP ratio of 50.2%.
In 2024, New Zealand made up 0.23% of the world's economy, compared to 0.41% in 1960.
New Zealand GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $260,172,385,098 | 1.29% |
| 2023 | $255,194,972,673 | 1.39% |
| 2022 | $249,509,991,440 | 3.5% |
| 2021 | $253,977,931,815 | 4.54% |
| 2020 | $213,029,554,654 | -0.31% |
| 2019 | $213,006,341,102 | 2.32% |
| 2018 | $211,985,631,173 | 3.47% |
| 2017 | $206,745,969,246 | 3.38% |
| 2016 | $189,100,085,275 | 3.78% |
| 2015 | $178,224,167,088 | 3.69% |
| 2014 | $201,518,402,787 | 3.83% |
| 2013 | $191,012,364,177 | 2.59% |
| 2012 | $176,560,711,239 | 2.37% |
| 2011 | $168,484,908,960 | 2.09% |
| 2010 | $146,887,902,524 | 1.46% |
| 2009 | $121,663,439,315 | -0.04% |
| 2008 | $133,437,126,590 | -1.02% |
| 2007 | $137,188,946,866 | 3.06% |
| 2006 | $111,538,810,713 | 2.78% |
| 2005 | $114,720,129,550 | 3.35% |
| 2004 | $103,905,210,084 | 4.09% |
| 2003 | $88,250,885,550 | 4.73% |
| 2002 | $66,627,729,311 | 4.71% |
| 2001 | $53,872,425,917 | 3.41% |
| 2000 | $52,623,281,957 | 2.87% |
| 1999 | $58,762,260,626 | 5.38% |
| 1998 | $56,227,169,851 | 0.86% |
| 1997 | $66,075,143,415 | 2.08% |
| 1996 | $70,140,835,299 | 3.61% |
| 1995 | $63,918,703,507 | 4.72% |
| 1994 | $55,314,732,279 | 5.12% |
| 1993 | $46,775,620,817 | 6.39% |
| 1992 | $41,649,829,860 | 1.09% |
| 1991 | $42,745,329,732 | -1.09% |
| 1990 | $45,495,129,385 | 0.15% |
| 1989 | $43,920,222,525 | 0.16% |
| 1988 | $45,176,811,594 | -0.35% |
| 1987 | $40,376,354,070 | 0.97% |
| 1986 | $30,604,668,357 | 2.71% |
| 1985 | $24,679,795,396 | 1.62% |
| 1984 | $21,665,975,319 | 4.79% |
| 1983 | $24,309,279,706 | 3.49% |
| 1982 | $24,164,603,059 | 0.93% |
| 1981 | $24,417,617,184 | 4.66% |
| 1980 | $23,244,547,385 | 1.28% |
| 1979 | $20,731,243,113 | 2.19% |
| 1978 | $18,530,518,395 | 0.32% |
| 1977 | $15,446,825,318 | -3.94% |
| 1976 | $13,604,832,424 | 0.93% |
| 1975 | $12,861,983,284 | -1.73% |
| 1974 | $13,940,981,798 | 5.99% |
| 1973 | $12,802,281,898 | 7.8% |
| 1972 | $9,567,331,065 | 5.12% |
| 1971 | $7,911,136,757 | 3.79% |
| 1970 | $6,495,605,331 | -1.4% |
| 1969 | $5,814,357,709 | 10.2% |
| 1968 | $5,228,045,415 | -0.05% |
| 1967 | $6,016,017,227 | -4.59% |
| 1966 | $5,917,437,693 | 6.25% |
| 1965 | $5,706,251,400 | 6.11% |
| 1964 | $7,340,766,415 | 6.1% |
| 1963 | $6,699,741,645 | 6.1% |
| 1962 | $6,133,158,532 | 3.08% |
| 1961 | $5,721,994,864 | 3.32% |
| 1960 | $5,536,098,360 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/new-zealand | CC BY 
New Zealand GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $49,205 | $55,551 |
| 2023 | $49,076 | $54,697 |
| 2022 | $49,100 | $54,034 |
| 2021 | $49,950 | $48,249 |
| 2020 | $41,998 | $45,513 |
| 2019 | $42,856 | $45,278 |
| 2018 | $43,257 | $42,527 |
| 2017 | $42,950 | $42,244 |
| 2016 | $40,114 | $39,989 |
| 2015 | $38,665 | $37,513 |
| 2014 | $44,618 | $37,331 |
| 2013 | $43,000 | $36,263 |
| 2012 | $40,054 | $33,055 |
| 2011 | $38,432 | $32,739 |
| 2010 | $33,762 | $31,305 |
| 2009 | $28,277 | $30,746 |
| 2008 | $31,325 | $29,896 |
| 2007 | $32,480 | $29,331 |
| 2006 | $26,655 | $27,732 |
| 2005 | $27,751 | $25,677 |
| 2004 | $25,420 | $25,124 |
| 2003 | $21,914 | $23,996 |
| 2002 | $16,874 | $23,306 |
| 2001 | $13,883 | $22,511 |
| 2000 | $13,641 | $21,500 |
| 1999 | $15,322 | $20,579 |
| 1998 | $14,738 | $19,323 |
| 1997 | $17,474 | $19,100 |
| 1996 | $18,794 | $18,392 |
| 1995 | $17,400 | $17,864 |
| 1994 | $15,280 | $17,108 |
| 1993 | $13,094 | $15,900 |
| 1992 | $11,793 | $14,877 |
| 1991 | $12,230 | $14,501 |
| 1990 | $13,663 | $14,812 |
| 1989 | $13,312 | - |
| 1988 | $13,759 | - |
| 1987 | $12,331 | - |
| 1986 | $9,428 | - |
| 1985 | $7,601 | - |
| 1984 | $6,714 | - |
| 1983 | $7,598 | - |
| 1982 | $7,656 | - |
| 1981 | $7,814 | - |
| 1980 | $7,467 | - |
| 1979 | $6,668 | - |
| 1978 | $5,937 | - |
| 1977 | $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/new-zealand | CC BY
New Zealand has a GDP per capita of $49,205, ranking 26/197, a GDP per capita based on purchasing power parity (PPP) of $55,551, ranking 38/197, and a median annual after tax income of $37,758, ranking 21/197.
New Zealand GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 52 | 23 | 34 |
| 2023 | 52 | 25 | 36 |
| 2022 | 50 | 24 | 32 |
| 2021 | 49 | 23 | 31 |
| 2020 | 49 | 23 | 29 |
| 2019 | 51 | 25 | 32 |
| 2018 | 52 | 24 | 31 |
| 2017 | 50 | 23 | 31 |
| 2016 | 50 | 25 | 33 |
| 2015 | 52 | 24 | 33 |
| 2014 | 53 | 24 | 32 |
| 2013 | 54 | 26 | 33 |
| 2012 | 56 | 29 | 34 |
| 2011 | 55 | 30 | 35 |
| 2010 | 53 | 30 | 36 |
| 2009 | 51 | 33 | 36 |
| 2008 | 54 | 32 | 43 |
| 2007 | 51 | 31 | 41 |
| 2006 | 51 | 32 | 39 |
| 2005 | 46 | 30 | 38 |
| 2004 | 46 | 29 | 36 |
| 2003 | 44 | 29 | 36 |
| 2002 | 49 | 32 | 37 |
| 2001 | 50 | 33 | 37 |
| 2000 | 50 | 35 | 36 |
| 1999 | 48 | 32 | 34 |
| 1998 | 48 | 31 | 34 |
| 1997 | 46 | 30 | 33 |
| 1996 | 45 | 27 | 32 |
| 1995 | 45 | 27 | 32 |
| 1994 | 45 | 27 | 31 |
| 1993 | 48 | 30 | 31 |
| 1992 | 49 | 30 | 32 |
| 1991 | 48 | 29 | 31 |
| 1990 | 45 | 27 | 32 |
| 1989 | 40 | 25 | - |
| 1988 | 40 | 25 | - |
| 1987 | 40 | 24 | - |
| 1986 | 43 | 27 | - |
| 1985 | 45 | 30 | - |
| 1984 | 47 | 33 | - |
| 1983 | 45 | 30 | - |
| 1982 | 45 | 28 | - |
| 1981 | 46 | 28 | - |
| 1980 | 46 | 29 | - |
| 1979 | 45 | 29 | - |
| 1978 | 41 | 28 | - |
| 1977 | 42 | 29 | - |
| 1976 | 44 | 30 | - |
| 1975 | 45 | 29 | - |
| 1974 | 38 | 27 | - |
| 1973 | 34 | 20 | - |
| 1972 | 34 | 20 | - |
| 1971 | 38 | 22 | - |
| 1970 | 41 | 25 | - |
| 1969 | 41 | 20 | - |
| 1968 | 40 | 20 | - |
| 1967 | 33 | 13 | - |
| 1966 | 34 | 12 | - |
| 1965 | 34 | 11 | - |
| 1964 | 25 | 4 | - |
| 1963 | 25 | 4 | - |
| 1962 | 25 | 4 | - |
| 1961 | 26 | 2 | - |
| 1960 | 25 | 2 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/new-zealand | CC BY
Compared with 2000, in 2024 New Zealand is ranked 52nd out of 182 by GDP (down from 50th), 23rd by GDP per capita (up from 35th), and 34th by GDP per capita PPP (up from 36th).
Economic indicators
New Zealand
|
Rank | |
|---|---|---|
| Gross domestic product |
$260B
2024 |
52/197 |
| GDP growth |
1.29%
2023-2024 |
152/194 |
| GDP per capita |
$49,205
2024 |
26/197 |
| GDP per capita, PPP |
$55,551
2024 |
38/197 |
| Government debt |
$131B
2024 |
52/185 |
| Debt-to-GDP ratio |
50.2%
2024 |
107/185 |
| Government debt per person |
$24,722
2024 |
28/185 |
| Average annual personal income after taxes |
$37,758
2026 |
21/197 |
| Listed domestic companies |
112
2024 |
47/103 |
| Market capitalization of domestic companies |
$92.9B
2024 |
39/100 |
| Number of billionaires |
5
2025 |
47/78 |
| Billionaire frequency |
1 in 798,749
2025 |
28/78 |
| Government expenditure, % of GDP |
41.9%
2024 |
47/195 |
| Consumer prices inflation |
2.92%
2023-2024 |
107/195 |
| Central bank interest rate |
2.25%
2025 |
93/106 |
| Unemployment rate |
4.76%
2024 |
113/196 |
| Population |
5374272
|
123/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 41.9% | 50.2% | -3.61% |
| 2023 | 41.2% | 46.9% | -3.54% |
| 2022 | 41.8% | 46.9% | -4.16% |
| 2021 | 41.9% | 47.5% | -3.5% |
| 2020 | 42% | 43.2% | -4.35% |
| 2019 | 38.8% | 31.8% | -2.5% |
| 2018 | 36.1% | 28.1% | 1.27% |
| 2017 | 35.6% | 31.1% | 1.36% |
| 2016 | 36.4% | 33.3% | 0.98% |
| 2015 | 37.2% | 34.2% | 0.36% |
| 2014 | 37.7% | 34.2% | -0.34% |
| 2013 | 38.6% | 34.5% | -1.29% |
| 2012 | 39.7% | 35.7% | -2.19% |
| 2011 | 42.4% | 34.7% | -4.96% |
| 2010 | 42.9% | 29.6% | -5.51% |
| 2009 | 40.3% | 24.3% | -1.81% |
| 2008 | 38.5% | 19% | 1.47% |
| 2007 | 37.1% | 16.3% | 3.6% |
| 2006 | 37.9% | 18.4% | 4.62% |
| 2005 | 37.1% | 20.8% | 5.13% |
| 2004 | 36.2% | 22.5% | 4.49% |
| 2003 | 36.7% | 24.7% | 3.68% |
| 2002 | 36.8% | 26.4% | 2.55% |
| 2001 | 37.2% | 28.2% | 1.29% |
| 2000 | 38.3% | 30% | 0.17% |
| 1999 | 39.3% | 32% | -1.11% |
| 1998 | 40.1% | 34.5% | -0.48% |
| 1997 | 39.3% | 34.6% | 1.23% |
| 1996 | 39.9% | 37.3% | 2.58% |
| 1995 | 41.6% | 43.5% | 3.7% |
| 1994 | 42.8% | 48.9% | 1.99% |
| 1993 | 46.8% | 54.6% | -1.53% |
| 1992 | 52.5% | 58.7% | -6.27% |
| 1991 | 53% | 58% | -6.14% |
| 1990 | 49.6% | 55.5% | -2.74% |
| 1989 | 47.8% | 54.9% | -2.16% |
| 1988 | 46.1% | 54.7% | -1.88% |
| 1987 | 46.1% | 62.9% | -3.43% |
| 1986 | 46.9% | 68.5% | -5.33% |
| 1985 | 46.2% | 64.1% | -6.97% |
| 1984 | 40.7% | 62.8% | -8.68% |
| 1983 | 41.4% | 59.6% | -6.64% |
| 1982 | 39.9% | 51.5% | -6.26% |
| 1981 | 39.1% | 50.5% | -6.02% |
| 1980 | 38% | 52.2% | -4.9% |
| 1979 | 38.4% | 52% | -6.55% |
| 1978 | 36.6% | 50% | -3.41% |
| 1977 | 30% | 44.6% | -1.09% |
| 1976 | 31.6% | 47.6% | -2.07% |
| 1975 | 30.1% | 41.4% | 0.11% |
| 1974 | 27.3% | 39.6% | 0.03% |
| 1973 | 27.1% | 44% | -0.07% |
| 1972 | 26.4% | 46% | 0.12% |
| 1971 | 26.8% | 71.3% | 0.09% |
| 1970 | 24.8% | 76.5% | -0.05% |
| 1969 | 25.9% | 85.8% | 0.17% |
| 1968 | 26.2% | 86.5% | 0.03% |
| 1967 | 26% | 59.7% | 0.02% |
| 1966 | 25% | 58.2% | 0.09% |
| 1965 | 24.9% | 59.6% | 0.26% |
| 1964 | 19.4% | 61.8% | -0.08% |
| 1963 | 19.4% | 64.5% | -0.26% |
| 1962 | 21.6% | 65% | 0.02% |
| 1961 | 21.1% | 64.6% | 0.03% |
| 1960 | 25.3% | 68.1% | 0.05% |
| 1959 | 20.7% | 70.4% | 0.03% |
| 1958 | 17.4% | 70.3% | -0.02% |
| 1957 | 19.5% | 72.9% | 0.32% |
| 1956 | 18.6% | 74.3% | 1.33% |
| 1955 | 19.6% | 77.9% | 0.73% |
| 1954 | 21.4% | 83.6% | 0.22% |
| 1953 | 22.8% | 87.7% | 0.43% |
| 1952 | 23% | 89.9% | 1.73% |
| 1951 | 19.2% | 95.1% | 1.17% |
| 1950 | 21.8% | 116.7% | 0.78% |
| 1949 | 24% | 124.7% | 0.53% |
| 1948 | 23.7% | 119.4% | 0.36% |
| 1947 | 24.2% | 135.4% | 1.07% |
| 1946 | 15.6% | 141.6% | 0.31% |
| 1945 | 15.3% | 141% | 0.32% |
| 1944 | 14.7% | 133.2% | 0.59% |
| 1943 | 15.1% | 130.3% | 1.24% |
| 1942 | 18% | 123.2% | 0.56% |
| 1941 | 18.2% | 120% | 0.64% |
| 1940 | 18.5% | 118.8% | 0.13% |
| 1939 | 18.4% | 119.7% | 0.34% |
| 1938 | 20.6% | 124.6% | 0.38% |
| 1937 | 15.8% | 135.9% | 0.23% |
| 1936 | 16.5% | 164.9% | 0.17% |
| 1935 | 17.9% | 187.8% | 1.19% |
| 1934 | 18.9% | 217.8% | -0.55% |
| 1933 | 19.7% | 226% | 0.02% |
| 1932 | 20.6% | 213.9% | -1.77% |
| 1931 | 17% | 190.2% | -1.12% |
| 1930 | 15.5% | 164.5% | 0.09% |
| 1929 | 15% | 163.4% | -0.37% |
| 1928 | 17% | 171.3% | 0.12% |
| 1927 | 16.3% | 164.7% | 0.4% |
| 1926 | 14.4% | 146.4% | 0.72% |
| 1925 | 17.2% | 142.8% | 0.78% |
| 1924 | 17.3% | 146.6% | 1.2% |
| 1923 | 18.7% | 155.8% | 0.95% |
| 1922 | 17.7% | 136.3% | -0.2% |
| 1921 | 16% | 117.9% | 3.55% |
| 1920 | 15.7% | 132.8% | 1.51% |
| 1919 | 14.6% | 137.7% | 2.9% |
| 1918 | 12.9% | 128.4% | 4.35% |
| 1917 | 12.7% | 117.3% | 3.89% |
| 1916 | 12.1% | 102.8% | 1.46% |
| 1915 | 13.1% | 106.1% | 0.06% |
| 1914 | 14.1% | 118.9% | 0.45% |
| 1913 | 13.8% | 112.1% | 0.79% |
| 1912 | 13% | 106.2% | 0.89% |
| 1911 | 12.3% | 106.6% | 1.24% |
| 1910 | 13.5% | 112.7% | 0.36% |
| 1909 | 13.7% | 110.7% | 0.31% |
| 1908 | 11.9% | 96.6% | 1.26% |
| 1907 | 12.1% | 99.8% | 1.13% |
| 1906 | 12.6% | 110.2% | 0.97% |
| 1905 | 13.5% | 121.6% | 1.41% |
| 1904 | 13.4% | 119.9% | 1.42% |
| 1903 | 13.9% | 125.4% | 0.55% |
| 1902 | 14.6% | 130.9% | 0.63% |
| 1901 | 13.3% | 120.6% | 1.11% |
| 1900 | 13.5% | 126.7% | 1.59% |
| 1899 | 13.6% | 132.1% | 1.15% |
| 1898 | 13.2% | 129.5% | 1.38% |
| 1897 | 13% | 128.1% | 0.86% |
| 1896 | 13.8% | 136.5% | 0.65% |
| 1895 | 14.3% | 132.7% | 0.32% |
| 1894 | 14% | 125.6% | 0.76% |
| 1893 | 13.2% | 120.5% | 1.14% |
| 1892 | 13.7% | 121% | 0.09% |
| 1891 | 13.6% | 121.7% | 0.46% |
| 1890 | 13.2% | 119.7% | 0.05% |
| 1889 | 14.2% | 129.9% | 0.59% |
| 1888 | 14.4% | 126.3% | -1.64% |
| 1887 | 14.8% | 123.1% | -1.63% |
| 1886 | 14.6% | 116.7% | -0.53% |
| 1885 | 13.3% | 104.8% | -0.47% |
| 1884 | 13% | 103.6% | -0.1% |
| 1883 | 12.3% | 95.7% | 0.38% |
| 1882 | 11.9% | 92.8% | 0.18% |
| 1881 | 13% | 91.9% | -2.33% |
| 1880 | 12.9% | 90.4% | -2.39% |
| 1879 | 13.1% | 69.8% | -0.55% |
| 1878 | 12.6% | 67.5% | -0.85% |
| 1877 | 14.9% | 71.2% | -2.53% |
| 1876 | 15.4% | 62.8% | -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/new-zealand | CC BY
This chart shows New Zealand's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, New Zealand recorded a fiscal deficit in 32 of them, with an average annual deficit equal to 1.62% of GDP. In 2024, government spending reached $109B (41.9% of GDP), with a deficit of 3.61%.
The national debt reached $131B, ranking 52nd out of 185 countries by total size, with a debt-to-GDP ratio of 50.2%, ranking 107th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 2.92% |
| 2023 | 5.73% |
| 2022 | 7.17% |
| 2021 | 3.94% |
| 2020 | 1.71% |
| 2019 | 1.62% |
| 2018 | 1.6% |
| 2017 | 1.85% |
| 2016 | 0.65% |
| 2015 | 0.29% |
| 2014 | 1.23% |
| 2013 | 1.13% |
| 2012 | 1.06% |
| 2011 | 4.03% |
| 2010 | 2.3% |
| 2009 | 2.12% |
| 2008 | 3.96% |
| 2007 | 2.38% |
| 2006 | 3.37% |
| 2005 | 3.04% |
| 2004 | 2.29% |
| 2003 | 1.75% |
| 2002 | 2.68% |
| 2001 | 2.63% |
| 2000 | 2.62% |
| 1999 | -0.11% |
| 1998 | 1.27% |
| 1997 | 1.19% |
| 1996 | 2.29% |
| 1995 | 3.75% |
| 1994 | 1.75% |
| 1993 | 1.29% |
| 1992 | 1.01% |
| 1991 | 2.6% |
| 1990 | 6.1% |
| 1989 | 5.72% |
| 1988 | 6.38% |
| 1987 | 15.7% |
| 1986 | 13.2% |
| 1985 | 15.4% |
| 1984 | 6.17% |
| 1983 | 7.34% |
| 1982 | 16.2% |
| 1981 | 15.4% |
| 1980 | 17.2% |
| 1979 | 13.7% |
| 1978 | 12% |
| 1977 | 14.4% |
| 1976 | 16.9% |
| 1975 | 14.7% |
| 1974 | 11.1% |
| 1973 | 8.17% |
| 1972 | 6.93% |
| 1971 | 10.4% |
| 1970 | 6.52% |
| 1969 | 4.93% |
| 1968 | 4.31% |
| 1967 | 6.06% |
| 1966 | 2.76% |
| 1965 | 3.4% |
| 1964 | 3.47% |
| 1963 | 1.97% |
| 1962 | 2.68% |
| 1961 | 1.8% |
| 1960 | 0.7% |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/new-zealand | CC BY
Over the past 20 years, New Zealand has had an average annual inflation rate of 2.6%. In 2024, inflation was 2.92%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
New Zealand
|
Rank | |
|---|---|---|
|
Current account balance
|
-$12.1B
2024 |
178/190 |
| Current account balance, % of GDP |
-4.65%
2024 |
137/190 |
| Goods imports |
$47.3B
2024 |
55/189 |
| Goods exports |
$43.3B
2024 |
57/189 |
| Service imports |
$19.5B
2024 |
51/189 |
| Service exports |
$18.9B
2024 |
49/189 |
| Imports of goods and services, % of GDP |
26.4%
2024 |
141/181 |
| Exports of goods and services, % of GDP |
24.8%
2024 |
129/193 |
New Zealand top 10 trading partners
New Zealand's biggest trading partner accounting for 20.9% of all exports and imports is China, with a trade balance between the two of +$1.06B: New Zealand exports $11.6B worth of goods and services to China and imports $10.6B.
Below is the list of the top 10 trade partners of New Zealand.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
China
|
$22.2B | 20.9% | $11.6B | $10.6B | Animal & marine products | Machinery & equipment |
| 2 |
Australia
|
$15.6B | 14.6% | $7.24B | $8.35B | Processed food, beverages & tobacco | Business & finance services |
| 3 |
United States
|
$14.7B | 13.8% | $7.91B | $6.81B | Animal & marine products | Machinery & equipment |
| 4 |
Singapore
|
$6.13B | 5.75% | $1.35B | $4.78B | Animal & marine products | Raw materials & minerals |
| 5 |
South Korea
|
$5.51B | 5.18% | $1.4B | $4.12B | Animal & marine products | Raw materials & minerals |
| 6 |
Japan
|
$5.19B | 4.87% | $2.43B | $2.77B | Animal & marine products | Machinery & equipment |
| 7 |
United Kingdom
|
$3.38B | 3.17% | $1.45B | $1.93B | Animal & marine products | Machinery & equipment |
| 8 |
Germany
|
$2.72B | 2.55% | $557M | $2.16B | Animal & marine products | Machinery & equipment |
| 9 |
Thailand
|
$2.61B | 2.45% | $833M | $1.77B | Animal & marine products | Machinery & equipment |
| 10 |
Malaysia
|
$2.35B | 2.21% | $965M | $1.38B | Animal & marine products | Raw materials & minerals |
Top 10 exports
|
New Zealand
|
Rank | |
|---|---|---|
| Animal & marine products | $19.5B | 5/192 |
| Transport & tourism services | $10.7B | 47/188 |
| Processed food, beverages & tobacco | $5.31B | 39/192 |
| Machinery & equipment | $3.88B | 59/193 |
| Wood & paper products | $3.57B | 30/192 |
| Raw agricultural goods | $3.51B | 40/193 |
| Chemicals & pharma | $2.32B | 57/193 |
| Business & finance services | $2.24B | 58/188 |
| IT & IP services | $2.21B | 44/183 |
| Metals | $1.56B | 65/192 |
Top 10 imports
|
New Zealand
|
Rank | |
|---|---|---|
| Machinery & equipment | $19.2B | 53/193 |
| Transport & tourism services | $8.99B | 51/188 |
| Raw materials & minerals | $8.15B | 60/193 |
| Business & finance services | $5.42B | 44/188 |
| Chemicals & pharma | $5.11B | 63/193 |
| Processed food, beverages & tobacco | $4.48B | 45/193 |
| Textiles & consumer goods | $4.47B | 53/193 |
| IT & IP services | $3.18B | 41/182 |
| Metals | $1.77B | 78/193 |
| Wood & paper products | $1.2B | 57/193 |
Economic freedom indices
|
New Zealand
|
Rank | |
|---|---|---|
| Economic freedom | 77.8 | 13/197 |
| Property rights | 85.4 | 31/182 |
| Government integrity | 90 | 6/182 |
| Judicial effectiveness | 95.9 | 9/182 |
| Tax burden | 66.1 | 157/182 |
| Government spending | 48 | 141/180 |
| Fiscal health | 72.2 | 99/181 |
| Business freedom | 89.1 | 6/182 |
| Labor freedom | 68.6 | 14/182 |
| Monetary freedom | 77.4 | 44/180 |
| Trade freedom | 90.6 | 2/181 |
| Investment freedom | 70 | 37/181 |
| Financial freedom | 80 | 10/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 77.8 | 95.9 | 66.1 | 48 | 72.2 |
| 2025 | 78.1 | 93.9 | 65.4 | 47.8 | 77.7 |
| 2024 | 77.8 | 93.2 | 65.5 | 46.3 | 72.4 |
| 2023 | 78.9 | 96.8 | 66.6 | 49.7 | 72.2 |
| 2022 | 80.6 | 95.9 | 70.8 | 53.5 | 88.3 |
| 2021 | 83.9 | 80.5 | 70.6 | 58.1 | 98.2 |
| 2020 | 84.1 | 79.1 | 71 | 57.8 | 98.3 |
| 2019 | 84.4 | 83.5 | 71 | 50.4 | 98.6 |
| 2018 | 84.2 | 88.4 | 70.5 | 49.5 | 98.3 |
| 2017 | 83.7 | 88.5 | 70.8 | 46.5 | 97.8 |
| 2016 | 81.6 | - | 71 | 46 | - |
| 2015 | 82.1 | - | 70.4 | 43 | - |
| 2014 | 81.2 | - | 71.2 | 32.3 | - |
| 2013 | 81.4 | - | 71.5 | 33.2 | - |
| 2012 | 82.1 | - | 71.6 | 45 | - |
| 2011 | 82.3 | - | 64.7 | 49.3 | - |
| 2010 | 82.1 | - | 63.6 | 51.3 | - |
| 2009 | 82 | - | 62.5 | 49.6 | - |
| 2008 | 80.7 | - | 60.5 | 56 | - |
| 2007 | 81.4 | - | 61.4 | 56.5 | - |
| 2006 | 82 | - | 61.7 | 54.8 | - |
| 2005 | 82.3 | - | 61.7 | 55.3 | - |
| 2004 | 81.5 | - | 62.8 | 55.8 | - |
| 2003 | 81.1 | - | 62.4 | 53 | - |
| 2002 | 80.7 | - | 62.5 | 49.6 | - |
| 2001 | 81.1 | - | 62.5 | 49.6 | - |
| 2000 | 80.9 | - | 65.8 | 47.1 | - |
| 1999 | 81.7 | - | 66 | 58 | - |
| 1998 | 79.2 | - | 64.6 | 55.8 | - |
| 1997 | 79 | - | 64.7 | 53.9 | - |
| 1996 | 78.1 | - | 65.1 | 48.6 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).
GeoRank.org/economy/new-zealand | CC BY
New Zealand is ranked 11/174 for economic freedom with a score of 77.8, compared to 3/162 and a score of 82 in 2006.
Other economic metrics
|
New Zealand
|
Rank | |
|---|---|---|
| Services, % of GDP |
67.4%
2022 |
33/191 |
| Industry, % of GDP |
19.6%
2022 |
132/194 |
| Agriculture, forestry, and fishing, % of GDP |
4.57%
2022 |
110/193 |
|
GNI, Atlas method
|
$252B
2024 |
51/194 |
| GNI per capita, PPP |
$53,600
2024 |
38/191 |
| Total reserves including gold |
$22.1B
2024 |
59/177 |
|
Net foreign direct investment
|
-$878M
2024 |
114/189 |
|
Net inflows of foreign direct investment
|
$1.76B
2024 |
74/193 |
|
Net outflows of foreign direct investment
|
$882M
2024 |
49/193 |
|
Gross capital formation, % of GDP
|
22.5%
2024 |
94/178 |
Compare New Zealand vs other countries
GDP per capita map
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/new-zealand | CC BY
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Data sources:
- World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
- 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)
- The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2022–2024, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- 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.