Taxes on goods and services in New Zealand
New Zealand: Taxes on goods and services was 26.4% in 2024. ▲ Rising
Taxes on goods and services in New Zealand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on goods and services in New Zealand stood at 26.4%.
That represents a change of down 2.1% on the previous year and down 8.6% over ten years.
Over the whole period, taxes on goods and services in New Zealand peaked at 30.2% in 2021 and was at its lowest, 17.3%, in 1974.
New Zealand ranks 97th of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Taxes on goods and services in New Zealand, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 20.7% | — |
| 1973 | 19.2% | -7.2% |
| 1974 | 17.3% | -9.7% |
| 1975 | 20.2% | +16.3% |
| 1976 | 18.8% | -7.0% |
| 1977 | 17.9% | -4.3% |
| 1978 | 19.3% | +7.7% |
| 1979 | 18.6% | -3.9% |
| 1980 | 18.5% | -0.5% |
| 1981 | 19.1% | +3.4% |
| 1982 | 19.7% | +3.1% |
| 1983 | 21.0% | +6.8% |
| 1984 | 20.5% | -2.4% |
| 1985 | 17.6% | -14.0% |
| 1986 | 19.4% | +10.0% |
| 1987 | 24.8% | +28.0% |
| 1988 | 26.3% | +5.9% |
| 2001 | 28.9% | +10.0% |
| 2002 | 29.2% | +1.0% |
| 2003 | 29.0% | -0.9% |
| 2004 | 29.1% | +0.4% |
| 2005 | 27.3% | -6.3% |
| 2006 | 26.4% | -3.1% |
| 2007 | 25.9% | -1.9% |
| 2008 | 24.0% | -7.4% |
| 2009 | 24.5% | +2.4% |
| 2010 | 26.6% | +8.6% |
| 2011 | 27.5% | +3.2% |
| 2012 | 29.2% | +6.1% |
| 2013 | 28.9% | -0.8% |
| 2014 | 28.9% | -0.3% |
| 2015 | 29.0% | +0.6% |
| 2016 | 29.2% | +0.5% |
| 2017 | 29.1% | -0.2% |
| 2018 | 29.3% | +0.8% |
| 2019 | 29.1% | -0.7% |
| 2020 | 29.6% | +1.5% |
| 2021 | 30.2% | +2.3% |
| 2022 | 27.1% | -10.3% |
| 2023 | 26.9% | -0.8% |
| 2024 | 26.4% | -2.1% |
New Zealand compared with similar countries
- New Zealand's 26.4% is above the median for high income countries, which is 26.4%, 1.0× the median. (57 countries reporting)
- New Zealand's 26.4% is above the median for East Asia & Pacific, which is 25.7%, 1.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.0% | 17.3% | 20.7% | 8 |
| 1980s | 20.8% | 17.6% | 26.3% | 9 |
| 2000s | 27.1% | 24.0% | 29.2% | 9 |
| 2010s | 28.7% | 26.6% | 29.3% | 10 |
| 2020s | 28.0% | 26.4% | 30.2% | 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 taxes on goods and services in New Zealand?
- Taxes on goods and services in New Zealand was 26.4% 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 30.2% in 2021.
- What is the lowest taxes on goods and services recorded in New Zealand?
- The lowest recorded value was 17.3% in 1974.
- How does New Zealand rank for taxes on goods and services?
- New Zealand ranks 97th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in New Zealand?
- Over the last ten years it is down 8.6%. 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.