Subsidies and other transfers (current LCU) in New Zealand
New Zealand: Subsidies and other transfers (current LCU) was 72.88 billion current LCU in 2024. ▲ Rising
Subsidies and other transfers 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 subsidies and other transfers in New Zealand is 72.88 billion current LCU, measured in 2024. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 7.0% on the previous year and up 100.3% over ten years.
Over the whole period, subsidies and other transfers in New Zealand peaked at 72.88 billion current LCU in 2024 and was at its lowest, 13.54 billion current LCU, in 2001.
New Zealand ranks 83rd of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Subsidies and other transfers (current LCU) in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 13.54 billion current LCU | — |
| 2002 | 14.82 billion current LCU | +9.5% |
| 2003 | 16.61 billion current LCU | +12.1% |
| 2004 | 17.13 billion current LCU | +3.2% |
| 2005 | 17.73 billion current LCU | +3.5% |
| 2006 | 18.42 billion current LCU | +3.9% |
| 2007 | 19.99 billion current LCU | +8.5% |
| 2008 | 21.58 billion current LCU | +8.0% |
| 2009 | 31.29 billion current LCU | +45.0% |
| 2010 | 32.90 billion current LCU | +5.1% |
| 2011 | 34.75 billion current LCU | +5.6% |
| 2012 | 35.64 billion current LCU | +2.6% |
| 2013 | 35.98 billion current LCU | +1.0% |
| 2014 | 36.38 billion current LCU | +1.1% |
| 2015 | 37.44 billion current LCU | +2.9% |
| 2016 | 38.98 billion current LCU | +4.1% |
| 2017 | 40.48 billion current LCU | +3.9% |
| 2018 | 42.53 billion current LCU | +5.1% |
| 2019 | 46.42 billion current LCU | +9.1% |
| 2020 | 62.97 billion current LCU | +35.7% |
| 2021 | 60.16 billion current LCU | -4.5% |
| 2022 | 70.34 billion current LCU | +16.9% |
| 2023 | 68.10 billion current LCU | -3.2% |
| 2024 | 72.88 billion current LCU | +7.0% |
New Zealand compared with similar countries
- New Zealand's 72.88 billion current LCU is above the median for high income countries, which is 61.98 billion current LCU, 1.2× the median. (57 countries reporting)
- New Zealand's 72.88 billion current LCU is above the median for East Asia & Pacific, which is 27.56 billion current LCU, 2.6× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Subsidies and other transfers (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 |
|---|---|---|---|
| 2009 | +45.0% | 21.58 billion current LCU | 31.29 billion current LCU |
| 2020 | +35.7% | 46.42 billion current LCU | 62.97 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.01 billion current LCU | 13.54 billion current LCU | 31.29 billion current LCU | 9 |
| 2010s | 38.15 billion current LCU | 32.90 billion current LCU | 46.42 billion current LCU | 10 |
| 2020s | 66.89 billion current LCU | 60.16 billion current LCU | 72.88 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 subsidies and other transfers in New Zealand?
- Subsidies and other transfers in New Zealand was 72.88 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in New Zealand?
- The highest recorded value was 72.88 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in New Zealand?
- The lowest recorded value was 13.54 billion current LCU in 2001.
- How does New Zealand rank for subsidies and other transfers?
- New Zealand ranks 83rd out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in New Zealand?
- Over the last ten years it is up 100.3%. The long-run trend across the full record is rising.
- 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.