Goods and services expense (current LCU) in New Zealand
New Zealand: Goods and services expense (current LCU) was 21.84 billion current LCU in 2024. ◆ Volatile
Goods and services expense in New Zealand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
New Zealand recorded 21.84 billion current LCU for goods and services expense in 2024.
The figure is down 0.3% on the previous year and up 139.0% over ten years.
Over the whole period, goods and services expense in New Zealand peaked at 22.39 billion current LCU in 2022 and was at its lowest, 152.00 million current LCU, in 1972.
New Zealand ranks 84th of 155 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.
Goods and services expense (current LCU) in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 152.00 million current LCU | — |
| 1973 | 159.00 million current LCU | +4.6% |
| 1974 | 219.00 million current LCU | +37.7% |
| 1975 | 250.00 million current LCU | +14.2% |
| 1976 | 325.00 million current LCU | +30.0% |
| 1977 | 381.00 million current LCU | +17.2% |
| 1978 | 412.00 million current LCU | +8.1% |
| 1979 | 462.00 million current LCU | +12.1% |
| 1980 | 594.00 million current LCU | +28.6% |
| 1981 | 820.00 million current LCU | +38.0% |
| 1982 | 1.04 billion current LCU | +26.3% |
| 1983 | 1.05 billion current LCU | +1.3% |
| 1984 | 1.28 billion current LCU | +21.6% |
| 1985 | 1.42 billion current LCU | +11.5% |
| 1986 | 1.92 billion current LCU | +34.6% |
| 1987 | 2.81 billion current LCU | +46.5% |
| 1988 | 2.40 billion current LCU | -14.5% |
| 2001 | 12.79 billion current LCU | +433.4% |
| 2002 | 11.38 billion current LCU | -11.0% |
| 2003 | 12.53 billion current LCU | +10.1% |
| 2004 | 12.45 billion current LCU | -0.7% |
| 2005 | 14.05 billion current LCU | +12.9% |
| 2006 | 15.80 billion current LCU | +12.4% |
| 2007 | 17.68 billion current LCU | +11.9% |
| 2008 | 17.70 billion current LCU | +0.1% |
| 2009 | 7.74 billion current LCU | -56.3% |
| 2010 | 8.07 billion current LCU | +4.3% |
| 2011 | 8.40 billion current LCU | +4.0% |
| 2012 | 8.43 billion current LCU | +0.4% |
| 2013 | 8.63 billion current LCU | +2.4% |
| 2014 | 9.14 billion current LCU | +5.9% |
| 2015 | 9.33 billion current LCU | +2.1% |
| 2016 | 9.84 billion current LCU | +5.4% |
| 2017 | 10.50 billion current LCU | +6.7% |
| 2018 | 13.44 billion current LCU | +28.1% |
| 2019 | 14.42 billion current LCU | +7.3% |
| 2020 | 15.23 billion current LCU | +5.6% |
| 2021 | 17.60 billion current LCU | +15.6% |
| 2022 | 22.39 billion current LCU | +27.2% |
| 2023 | 21.92 billion current LCU | -2.1% |
| 2024 | 21.84 billion current LCU | -0.3% |
New Zealand compared with similar countries
- New Zealand's 21.84 billion current LCU is above the median for high income countries, which is 14.51 billion current LCU, 1.5× the median. (57 countries reporting)
- New Zealand's 21.84 billion current LCU is above the median for East Asia & Pacific, which is 14.18 billion current LCU, 1.5× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +433.4% | 2.40 billion current LCU | 12.79 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 295.00 million current LCU | 152.00 million current LCU | 462.00 million current LCU | 8 |
| 1980s | 1.48 billion current LCU | 594.00 million current LCU | 2.81 billion current LCU | 9 |
| 2000s | 13.57 billion current LCU | 7.74 billion current LCU | 17.70 billion current LCU | 9 |
| 2010s | 10.02 billion current LCU | 8.07 billion current LCU | 14.42 billion current LCU | 10 |
| 2020s | 19.80 billion current LCU | 15.23 billion current LCU | 22.39 billion current LCU | 5 |
Countries ranked near New Zealand
More public sector data for New Zealand
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Frequently asked questions
- What is goods and services expense in New Zealand?
- Goods and services expense in New Zealand was 21.84 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in New Zealand?
- The highest recorded value was 22.39 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in New Zealand?
- The lowest recorded value was 152.00 million current LCU in 1972.
- How does New Zealand rank for goods and services expense?
- New Zealand ranks 84th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in New Zealand?
- Over the last ten years it is up 139.0%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.