Goods and services expense (% of expense) in New Zealand
New Zealand: Goods and services expense (% of expense) was 16.0% in 2022. ◆ Volatile
Goods and services expense in New Zealand, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, goods and services expense in New Zealand stood at 16.0%.
That represents a change of up 9.8% on the previous year and up 44.8% over ten years.
Over the whole period, goods and services expense in New Zealand peaked at 31.5% in 2001 and was at its lowest, 6.6%, in 1979.
New Zealand ranks 67th of 154 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 (% of expense) in New Zealand, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 7.5% | — |
| 1973 | 6.6% | -11.0% |
| 1974 | 7.8% | +18.1% |
| 1975 | 7.0% | -10.8% |
| 1976 | 8.2% | +16.9% |
| 1977 | 7.8% | -5.0% |
| 1978 | 6.8% | -12.3% |
| 1979 | 6.6% | -3.0% |
| 1980 | 7.1% | +7.0% |
| 1981 | 7.7% | +9.4% |
| 1982 | 8.4% | +8.6% |
| 1983 | 7.8% | -7.5% |
| 1984 | 8.2% | +6.0% |
| 1985 | 8.2% | -0.7% |
| 1986 | 8.8% | +8.1% |
| 1987 | 10.5% | +18.7% |
| 1988 | 8.7% | -16.6% |
| 2001 | 31.5% | +261.0% |
| 2002 | 27.4% | -13.0% |
| 2003 | 27.8% | +1.4% |
| 2004 | 26.5% | -4.8% |
| 2005 | 27.8% | +5.2% |
| 2006 | 29.3% | +5.2% |
| 2007 | 30.3% | +3.4% |
| 2008 | 28.6% | -5.4% |
| 2009 | 11.7% | -59.2% |
| 2010 | 11.6% | -0.6% |
| 2011 | 9.8% | -15.2% |
| 2012 | 11.1% | +12.5% |
| 2013 | 11.2% | +1.3% |
| 2014 | 11.6% | +3.9% |
| 2015 | 11.6% | -0.4% |
| 2016 | 11.8% | +1.8% |
| 2017 | 12.1% | +2.3% |
| 2018 | 14.8% | +22.5% |
| 2019 | 14.8% | +0.4% |
| 2020 | 12.8% | -14.0% |
| 2021 | 14.6% | +14.4% |
| 2022 | 16.0% | +9.8% |
New Zealand compared with similar countries
- New Zealand's 16.0% is above the median for high income countries, which is 9.6%, 1.7× the median. (56 countries reporting)
- New Zealand's 16.0% is below the median for East Asia & Pacific, which is 22.3%, 72% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (% of expense) 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 | +261.0% | 8.7% | 31.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.3% | 6.6% | 8.2% | 8 |
| 1980s | 8.4% | 7.1% | 10.5% | 9 |
| 2000s | 26.8% | 11.7% | 31.5% | 9 |
| 2010s | 12.0% | 9.8% | 14.8% | 10 |
| 2020s | 14.5% | 12.8% | 16.0% | 3 |
Countries ranked near 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 16.0% in 2022, 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 31.5% in 2001.
- What is the lowest goods and services expense recorded in New Zealand?
- The lowest recorded value was 6.6% in 1979.
- How does New Zealand rank for goods and services expense?
- New Zealand ranks 67th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in New Zealand?
- Over the last ten years it is up 44.8%. 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 (% of expense). 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.