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Indicators of economy in New Zealand

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in New Zealand, on the other hand, reached USD 48,781 per capita, or 249.89 billion USD for the whole country. New Zealand is therefore currently ranked 49 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then New Zealand ranks 30th in the list of the richest countries.

Inflation in New Zealand in 2021 was around 3.94%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 17.2 percent higher.
The index for perceived corruption in the public sector is 88, which is above average by global standards.


Back to overview: New Zealand

Impact of the COVID-19 pandemic

Overall, the gross domestic product in New Zealand in 2020 decreased moderatly from 213.43 billion US dollars to 211.73 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 0.80 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 4.1 to 4.6 percent. The consumer inflation rate has risen from 1.6 percent previously to 1.7 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 New Zealand
Total		New Zealand
per capita		EU
Total		EU
per capita
GDP249.89 bn USD48,781.03 USD17.177 tn USD33,384.92 USD
Gross national product231.72 bn USD45,234.20 USD16.895 tn USD32,835.37 USD


New Zealand ranked 25th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of gross domestic product in billions of USD 1960 - 2021


› Debt budget development
› Development of inflation
› Corruption in New Zealand
› Cost of living in a global comparison

Imports and Exports 2021

 New Zealand
Total		New Zealand
per capita		EU
Total		EU
per capita
Imports62.91 bn USD12,281.46 USD8.916 tn USD17,329.02 USD
Exports54.80 bn USD10,697.76 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 2000 - 2021

Exports
Imports



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