Social contributions in New Zealand
New Zealand: Social contributions was 2.95 billion current LCU in 2024. ◆ Volatile
Social contributions in New Zealand, 2001–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for social contributions in New Zealand is 2.95 billion current LCU, measured in 2024. That is the highest value across all 23 years on record.
The figure is up 7.4% on the previous year and up 12.9% over ten years.
Over the whole period, social contributions in New Zealand peaked at 2.95 billion current LCU in 2024 and was at its lowest, 23.85 million current LCU, in 2002.
That places New Zealand 87th out of 112 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 372.95 million current LCU | 23.85 million current LCU | 2.28 billion current LCU | 8 |
| 2010s | 2.38 billion current LCU | 1.99 billion current LCU | 2.78 billion current LCU | 10 |
| 2020s | 2.54 billion current LCU | 2.18 billion current LCU | 2.95 billion current LCU | 5 |
Countries ranked near New Zealand
- 84 Cyprus 4.52 billion current LCU compare
- 85 Afghanistan 3.72 billion current LCU compare
- 86 Niger 3.08 billion current LCU compare
- 88 Bolivia 1.88 billion current LCU compare
- 89 Mozambique 1.85 billion current LCU compare
More public sector data for New Zealand
- Arms imports 200.00 million SIPRI trend indicator values (2024)
- Tax revenue 29.5% (2024)
- Taxes on income, profits and capital gains 56.7% (2024)
- Taxes on goods and services 26.4% (2024)
- Net investment in nonfinancial assets 2.8% (2024)
- Net lending (+) / net borrowing (-) -2.3% (2024)
- Interest payments 4.7% (2024)
- Grants and other revenue 12.0% (2024)
- Interest payments 3.0% (2022)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is social contributions in New Zealand?
- Social contributions in New Zealand was 2.95 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in New Zealand?
- The highest recorded value was 2.95 billion current LCU in 2024.
- What is the lowest social contributions recorded in New Zealand?
- The lowest recorded value was 23.85 million current LCU in 2002.
- How does New Zealand rank for social contributions?
- New Zealand ranks 87th out of 112 countries with data for 2024.
- Is social contributions rising or falling in New Zealand?
- Over the last ten years it is up 12.9%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.