GDP

GDP of New Zealand in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Greece with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 20960, and the growth rate in 2022 is 5.9%.”

Population

4.979 million

Land Size

263310 km²

GDP

242.02 billion

GDP Per Capita

47226 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
58.1%
Government Expneidutre
21.2%
Capital Formation
25.9%
Export
23.9%
Import
29.6%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
5.2%
Industry
20.1%
Manufacturing
9%
Service
74.7%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

3.3 %

Inflation

7.2 %

Urbanization

86.6 %

TFR

1.7 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

New Zealand

231820 million USD

Auckland

87530.4 million USD

Canterbury

28397.5 million USD

Wellington

29047.4 million USD

Waikato

20729.1 million USD

Bay of Plenty

13756 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

New Zealand

0.03 %

Auckland

1.18 %

Canterbury

-2.33 %

Wellington

-1.15 %

Waikato

1.84 %

Bay of Plenty

2 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

New Zealand

45542 USD

Auckland

51062 USD

Canterbury

44095 USD

Wellington

53583

Waikato

41450 USD

Bay of Plenty

40554 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

New Zealand

-2.05 %

Auckland

-1.62 %

Canterbury

-4.53 %

Wellington

-2.71 %

Waikato

-0.45 %

Bay of Plenty

-0.23 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %