Taxes on goods and services (current LCU) in New Zealand
New Zealand: Taxes on goods and services (current LCU) was 39.13 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in New Zealand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on goods and services in New Zealand stood at 39.13 billion current LCU. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 7.8% on the previous year and up 70.6% over ten years.
Over the whole period, taxes on goods and services in New Zealand peaked at 39.13 billion current LCU in 2024 and was at its lowest, 443.00 million current LCU, in 1972.
New Zealand ranks 95th 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.
Taxes on goods and services (current LCU) in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 443.00 million current LCU | — |
| 1973 | 504.00 million current LCU | +13.8% |
| 1974 | 541.00 million current LCU | +7.3% |
| 1975 | 705.00 million current LCU | +30.3% |
| 1976 | 802.00 million current LCU | +13.8% |
| 1977 | 924.00 million current LCU | +15.2% |
| 1978 | 1.09 billion current LCU | +18.1% |
| 1979 | 1.27 billion current LCU | +16.1% |
| 1980 | 1.45 billion current LCU | +14.8% |
| 1981 | 1.86 billion current LCU | +28.0% |
| 1982 | 2.21 billion current LCU | +18.5% |
| 1983 | 2.46 billion current LCU | +11.7% |
| 1984 | 2.81 billion current LCU | +14.1% |
| 1985 | 2.98 billion current LCU | +6.1% |
| 1986 | 4.01 billion current LCU | +34.7% |
| 1987 | 6.61 billion current LCU | +64.5% |
| 1988 | 7.10 billion current LCU | +7.5% |
| 2001 | 12.36 billion current LCU | +74.2% |
| 2002 | 13.20 billion current LCU | +6.8% |
| 2003 | 14.42 billion current LCU | +9.2% |
| 2004 | 15.54 billion current LCU | +7.7% |
| 2005 | 16.07 billion current LCU | +3.4% |
| 2006 | 16.84 billion current LCU | +4.8% |
| 2007 | 17.05 billion current LCU | +1.3% |
| 2008 | 16.48 billion current LCU | -3.4% |
| 2009 | 16.98 billion current LCU | +3.1% |
| 2010 | 17.59 billion current LCU | +3.6% |
| 2011 | 19.88 billion current LCU | +13.0% |
| 2012 | 21.08 billion current LCU | +6.0% |
| 2013 | 21.94 billion current LCU | +4.1% |
| 2014 | 22.94 billion current LCU | +4.6% |
| 2015 | 24.34 billion current LCU | +6.1% |
| 2016 | 25.73 billion current LCU | +5.7% |
| 2017 | 27.31 billion current LCU | +6.1% |
| 2018 | 28.90 billion current LCU | +5.8% |
| 2019 | 30.98 billion current LCU | +7.2% |
| 2020 | 30.74 billion current LCU | -0.8% |
| 2021 | 35.62 billion current LCU | +15.9% |
| 2022 | 35.19 billion current LCU | -1.2% |
| 2023 | 36.29 billion current LCU | +3.2% |
| 2024 | 39.13 billion current LCU | +7.8% |
New Zealand compared with similar countries
- New Zealand's 39.13 billion current LCU is above the median for high income countries, which is 39.13 billion current LCU, 1.0× the median. (57 countries reporting)
- New Zealand's 39.13 billion current LCU is above the median for East Asia & Pacific, which is 34.13 billion current LCU, 1.1× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (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 | +74.2% | 7.10 billion current LCU | 12.36 billion current LCU |
| 1987 | +64.5% | 4.01 billion current LCU | 6.61 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 784.62 million current LCU | 443.00 million current LCU | 1.27 billion current LCU | 8 |
| 1980s | 3.50 billion current LCU | 1.45 billion current LCU | 7.10 billion current LCU | 9 |
| 2000s | 15.44 billion current LCU | 12.36 billion current LCU | 17.05 billion current LCU | 9 |
| 2010s | 24.07 billion current LCU | 17.59 billion current LCU | 30.98 billion current LCU | 10 |
| 2020s | 35.39 billion current LCU | 30.74 billion current LCU | 39.13 billion current LCU | 5 |
Countries ranked near New Zealand
More public sector data for New Zealand
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- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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- 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)
Frequently asked questions
- What is taxes on goods and services in New Zealand?
- Taxes on goods and services in New Zealand was 39.13 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in New Zealand?
- The highest recorded value was 39.13 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in New Zealand?
- The lowest recorded value was 443.00 million current LCU in 1972.
- How does New Zealand rank for taxes on goods and services?
- New Zealand ranks 95th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in New Zealand?
- Over the last ten years it is up 70.6%. 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 Taxes on goods and services (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
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.