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Indicators of economy in New Zealand

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in New Zealand, on the other hand, reached USD 48.802 per capita, or 249.99 billion USD in the whole country. New Zealand is therefore currently ranked 47 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then New Zealand is in the list of the world's richest countries in place 27.

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

Compared with the USA, prices for daily consumer goods are around 17.2% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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 Dollar to 211.73 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 0.80% 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% previously to 1.7% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 New Zealand
Total		New Zealand
per capita		EU
Total		EU
per capita
GDP249.99 bn USD48,801.69 USD17.09 tn USD33,228.68 USD
Gross national product232.26 bn USD45,339.52 USD16.78 tn USD32,621.03 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 the Gross domestic product in billion US Dollar 1960 - 2021


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

Im- and Exports 2021

 New Zealand
Total		New Zealand
per capita		EU
Total		EU
per capita
Imports62.91 bn USD12,281.46 USD8,916.24 bn USD17,337.55 USD
Exports54.80 bn USD10,697.76 USD9,554.34 bn USD18,578.33 USD


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

Exports
Imports



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