Subsidies and other transfers in New Zealand
New Zealand: Subsidies and other transfers 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 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% |
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
- 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 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.