Tax revenue (current LCU) in New Zealand
New Zealand: Tax revenue (current LCU) was 127.55 billion current LCU in 2024. ◆ Volatile
Tax revenue in New Zealand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in New Zealand is 127.55 billion current LCU, measured in 2024. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 8.9% on the previous year and up 95.7% over ten years.
Over the whole period, tax revenue in New Zealand peaked at 127.55 billion current LCU in 2024 and was at its lowest, 1.93 billion current LCU, in 1972.
New Zealand ranks 85th of 157 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.
Tax revenue (current LCU) in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 1.93 billion current LCU | — |
| 1973 | 2.40 billion current LCU | +24.5% |
| 1974 | 2.87 billion current LCU | +19.6% |
| 1975 | 3.19 billion current LCU | +11.1% |
| 1976 | 3.85 billion current LCU | +20.8% |
| 1977 | 4.63 billion current LCU | +20.3% |
| 1978 | 5.00 billion current LCU | +8.0% |
| 1979 | 6.03 billion current LCU | +20.6% |
| 1980 | 7.06 billion current LCU | +17.1% |
| 1981 | 8.81 billion current LCU | +24.8% |
| 1982 | 10.12 billion current LCU | +14.8% |
| 1983 | 10.47 billion current LCU | +3.4% |
| 1984 | 11.97 billion current LCU | +14.4% |
| 1985 | 14.33 billion current LCU | +19.6% |
| 1986 | 17.49 billion current LCU | +22.1% |
| 1987 | 21.69 billion current LCU | +24.0% |
| 1988 | 22.93 billion current LCU | +5.8% |
| 2001 | 36.76 billion current LCU | +60.3% |
| 2002 | 38.13 billion current LCU | +3.7% |
| 2003 | 42.26 billion current LCU | +10.8% |
| 2004 | 45.22 billion current LCU | +7.0% |
| 2005 | 49.39 billion current LCU | +9.2% |
| 2006 | 55.02 billion current LCU | +11.4% |
| 2007 | 56.21 billion current LCU | +2.2% |
| 2008 | 59.71 billion current LCU | +6.2% |
| 2009 | 57.68 billion current LCU | -3.4% |
| 2010 | 53.18 billion current LCU | -7.8% |
| 2011 | 54.68 billion current LCU | +2.8% |
| 2012 | 58.53 billion current LCU | +7.0% |
| 2013 | 62.19 billion current LCU | +6.3% |
| 2014 | 65.17 billion current LCU | +4.8% |
| 2015 | 70.01 billion current LCU | +7.4% |
| 2016 | 74.02 billion current LCU | +5.7% |
| 2017 | 79.46 billion current LCU | +7.3% |
| 2018 | 84.14 billion current LCU | +5.9% |
| 2019 | 91.43 billion current LCU | +8.7% |
| 2020 | 89.73 billion current LCU | -1.9% |
| 2021 | 104.06 billion current LCU | +16.0% |
| 2022 | 115.12 billion current LCU | +10.6% |
| 2023 | 117.16 billion current LCU | +1.8% |
| 2024 | 127.55 billion current LCU | +8.9% |
New Zealand compared with similar countries
- New Zealand's 127.55 billion current LCU is above the median for high income countries, which is 103.80 billion current LCU, 1.2× the median. (57 countries reporting)
- New Zealand's 127.55 billion current LCU is above the median for East Asia & Pacific, which is 106.40 billion current LCU, 1.2× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Tax revenue (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 | +60.3% | 22.93 billion current LCU | 36.76 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.74 billion current LCU | 1.93 billion current LCU | 6.03 billion current LCU | 8 |
| 1980s | 13.88 billion current LCU | 7.06 billion current LCU | 22.93 billion current LCU | 9 |
| 2000s | 48.93 billion current LCU | 36.76 billion current LCU | 59.71 billion current LCU | 9 |
| 2010s | 69.28 billion current LCU | 53.18 billion current LCU | 91.43 billion current LCU | 10 |
| 2020s | 110.73 billion current LCU | 89.73 billion current LCU | 127.55 billion current LCU | 5 |
Countries ranked near New Zealand
More public sector data for New Zealand
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is tax revenue in New Zealand?
- Tax revenue in New Zealand was 127.55 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in New Zealand?
- The highest recorded value was 127.55 billion current LCU in 2024.
- What is the lowest tax revenue recorded in New Zealand?
- The lowest recorded value was 1.93 billion current LCU in 1972.
- How does New Zealand rank for tax revenue?
- New Zealand ranks 85th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in New Zealand?
- Over the last ten years it is up 95.7%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.