Compensation of employees in New Zealand
New Zealand: Compensation of employees was 35.91 billion current LCU in 2024. ◆ Volatile
Compensation of employees in New Zealand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in New Zealand is 35.91 billion current LCU, measured in 2024. That is the highest value across all 41 years on record.
The figure is up 9.9% on the previous year and up 89.3% over ten years.
Over the whole period, compensation of employees in New Zealand peaked at 35.91 billion current LCU in 2024 and was at its lowest, 513.00 million current LCU, in 1972.
New Zealand ranks 87th of 156 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 513.00 million current LCU | — |
| 1973 | 601.00 million current LCU | +17.2% |
| 1974 | 708.00 million current LCU | +17.8% |
| 1975 | 844.00 million current LCU | +19.2% |
| 1976 | 926.00 million current LCU | +9.7% |
| 1977 | 1.07 billion current LCU | +15.8% |
| 1978 | 1.32 billion current LCU | +22.9% |
| 1979 | 1.55 billion current LCU | +17.4% |
| 1980 | 1.96 billion current LCU | +26.5% |
| 1981 | 2.32 billion current LCU | +18.8% |
| 1982 | 2.47 billion current LCU | +6.2% |
| 1983 | 2.55 billion current LCU | +3.3% |
| 1984 | 2.67 billion current LCU | +4.8% |
| 1985 | 3.11 billion current LCU | +16.6% |
| 1986 | 3.91 billion current LCU | +25.6% |
| 1987 | 4.62 billion current LCU | +18.1% |
| 1988 | 4.77 billion current LCU | +3.3% |
| 2001 | 10.31 billion current LCU | +116.4% |
| 2002 | 11.36 billion current LCU | +10.1% |
| 2003 | 10.91 billion current LCU | -3.9% |
| 2004 | 11.94 billion current LCU | +9.4% |
| 2005 | 12.94 billion current LCU | +8.4% |
| 2006 | 13.95 billion current LCU | +7.9% |
| 2007 | 14.60 billion current LCU | +4.6% |
| 2008 | 16.41 billion current LCU | +12.4% |
| 2009 | 16.20 billion current LCU | -1.2% |
| 2010 | 16.83 billion current LCU | +3.9% |
| 2011 | 17.52 billion current LCU | +4.1% |
| 2012 | 18.11 billion current LCU | +3.4% |
| 2013 | 18.49 billion current LCU | +2.1% |
| 2014 | 18.98 billion current LCU | +2.6% |
| 2015 | 19.71 billion current LCU | +3.9% |
| 2016 | 20.31 billion current LCU | +3.0% |
| 2017 | 21.13 billion current LCU | +4.1% |
| 2018 | 22.07 billion current LCU | +4.4% |
| 2019 | 24.21 billion current LCU | +9.7% |
| 2020 | 26.18 billion current LCU | +8.1% |
| 2021 | 27.91 billion current LCU | +6.6% |
| 2022 | 30.12 billion current LCU | +7.9% |
| 2023 | 32.66 billion current LCU | +8.4% |
| 2024 | 35.91 billion current LCU | +9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 940.88 million current LCU | 513.00 million current LCU | 1.55 billion current LCU | 8 |
| 1980s | 3.15 billion current LCU | 1.96 billion current LCU | 4.77 billion current LCU | 9 |
| 2000s | 13.18 billion current LCU | 10.31 billion current LCU | 16.41 billion current LCU | 9 |
| 2010s | 19.73 billion current LCU | 16.83 billion current LCU | 24.21 billion current LCU | 10 |
| 2020s | 30.56 billion current LCU | 26.18 billion current LCU | 35.91 billion current LCU | 5 |
Countries ranked near New Zealand
More public sector data for New Zealand
- Arms imports 200.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 37.81 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -50.62 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 200.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 566.83 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0115 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -1.01 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 3.00 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,538 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in New Zealand?
- Compensation of employees in New Zealand was 35.91 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in New Zealand?
- The highest recorded value was 35.91 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in New Zealand?
- The lowest recorded value was 513.00 million current LCU in 1972.
- How does New Zealand rank for compensation of employees?
- New Zealand ranks 87th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in New Zealand?
- Over the last ten years it is up 89.3%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.