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# New Zealand Economy

> New Zealand economic indicators: GDP $264.1B, inflation 2.8%, unemployment 5.2%, policy rate 2.5%. 39 official series with history to 1957,… Updated Aug 2026.

## Indicators

| Indicator | Last | Date | Previous | Highest | Lowest |
| --- | --- | --- | --- | --- | --- |
| Age-dependency ratio | 55.0% | Dec 2025 | 54.6% | 71.1% (Dec 1961) | 50.4% (Dec 2006) |
| Total fertility rate | 1.57 births per woman | Dec 2024 | 1.57 births per woman | 4.31 births per woman (Dec 1961) | 1.57 births per woman (Dec 2024) |
| Life expectancy at birth | 82.01 years | Dec 2024 | 81.76 years | 82.26 years (Dec 2020) | 70.99 years (Dec 1961) |
| Total population | 5.3M | Dec 2025 | 5.3M | 5.3M (Dec 2025) | 2.4M (Dec 1960) |
| Working-age population | 3.4M | Dec 2025 | 3.4M | 3.4M (Dec 2025) | 1.4M (Dec 1960) |
| Current account % GDP | -3.6% | Dec 2025 | -4.6% | -0.8% (Dec 2001) | -8.8% (Dec 2022) |
| Current Account Goods | $-53.1M | Mar 2026 | $-957.4M | $2.3B (Jun 2020) | $-3.4B (Sep 2023) |
| Current Account Services | $1.5B | Mar 2026 | $-130.1M | $2.3B (Mar 2018) | $-1.8B (Sep 2022) |
| FDI inflows | $3.6B | Dec 2025 | $1.8B | $9.8B (Dec 2022) | $-3.4B (Dec 2003) |
| Personal remittances, received | $407.2M | Dec 2022 | $461.9M | $2.0B (Dec 1996) | $107.6M (Dec 1972) |
| Tourism Revenues | $4.2B | Mar 2026 | $2.6B | $4.2B (Mar 2026) | $463.8M (Sep 2000) |
| CO2 emissions | 31.81 Mt CO₂ | Dec 2024 | 31.78 Mt CO₂ | 37.25 Mt CO₂ (Dec 2019) | 15.10 Mt CO₂ (Dec 1971) |
| Energy use per capita | 3,557 kg oil eq. per capita | Dec 2024 | 3,661 kg oil eq. per capita | 4,477 kg oil eq. per capita (Dec 2014) | 3,557 kg oil eq. per capita (Dec 2024) |
| Budget balance % GDP | -3.9% | Dec 2025 | -3.2% | 5.1% (Dec 2005) | -7.0% (Dec 1985) |
| Government debt % GDP | 54.7% | Dec 2025 | 51.4% | 68.5% (Dec 1986) | 16.3% (Dec 2007) |
| Military expenditure | 1.2% | Dec 2024 | 1.2% | 3.0% (Dec 1980) | 1.0% (Dec 2015) |
| Military expenditure, current USD | $3.0B | Dec 2024 | $3.0B | $3.0B (Dec 2023) | $96.3M (Dec 1962) |
| Government Spending to GDP | 41.6% | Dec 2025 | 41.7% | 52.9% (Dec 1991) | 35.6% (Dec 2017) |
| Tax revenue % GDP | 29.5% | Dec 2024 | 28.1% | 33.2% (Dec 1987) | 24.5% (Dec 1972) |
| Policy / benchmark interest rate | 2.5% | Jul 2026 | 2.3% | 54.3% (Feb 1985) | 0.3% (Sep 2021) |
| Unemployment rate | 5.2% | Sep 2025 | 11.3% | 12.8% (Dec 1989) | 5.2% (Sep 2025) |
| Private credit / GDP | 143.4% | Dec 2025 | 141.9% | 159.3% (Dec 2020) | 140.6% (Dec 2023) |
| Official / period-average FX vs USD | 1.69 per USD | Aug 2026 | 1.73 per USD | 2.51 per USD (Nov 2000) | 0.68 per USD (Oct 1973) |
| Foreign-exchange reserves (ex-gold) | $30.0B | Jul 2026 | $29.4B | $34.8B (Mar 2026) | $3.3B (Jan 2002) |
| Money supply M2 | 0.45T LCU | May 2026 | 0.45T LCU | 0.46T LCU (Mar 2026) | 0.20T LCU (Jan 2013) |
| GDP, current prices, USD | $264.1B | Dec 2025 | $261.5B | $264.1B (Dec 2025) | $5.2B (Dec 1968) |
| Full-Year GDP Growth | 0.2% | Dec 2025 | -0.3% | 6.9% (Dec 1984) | -1.3% (Dec 1991) |
| GDP per capita, PPP | Int$57,350 | Dec 2025 | Int$55,794 | Int$57,350 (Dec 2025) | Int$14,501 (Dec 1991) |
| GDP per capita, current USD | $49,591 | Dec 2025 | $49,432 | $49,902 (Dec 2021) | $1,902 (Dec 1968) |
| GDP, PPP, international $ | Int$305.4B | Dec 2025 | Int$295.2B | Int$305.4B (Dec 2025) | Int$49.3B (Dec 1990) |
| Real GDP growth, YoY | 2.1% | Mar 2026 | 1.9% | 17.8% (Jun 2021) | -9.3% (Jun 2020) |
| Inflation rate, CPI YoY | 2.8% | Dec 2025 | 2.9% | 17.2% (Dec 1980) | -0.1% (Dec 1999) |
| Hospital beds per 1,000 | 2.51 per 1,000 people | Dec 2023 | 2.57 per 1,000 people | 11.70 per 1,000 people (Dec 1960) | 2.41 per 1,000 people (Dec 2009) |
| Health expenditure % GDP | 10.1% | Dec 2024 | 10.1% | 10.6% (Dec 2022) | 7.5% (Dec 2000) |
| ICT goods exports, % of goods exports | 1.2% | Dec 2024 | 1.2% | 1.8% (Dec 2000) | 0.9% (Dec 2014) |
| ICT service exports, % of service exports | 5.7% | Dec 2025 | 6.2% | 11.3% (Dec 2021) | 3.3% (Dec 2006) |
| Industrial production YoY | -1.0% | Dec 2024 | -2.0% | 8.7% (Dec 2002) | -8.5% (Dec 2008) |
| Research & development expenditure % GDP | 1.5% | Dec 2023 | 1.5% | 1.5% (Dec 2023) | 1.0% (Dec 1999) |
| High-technology exports, % of manufactured exports | 13.0% | Dec 2024 | 12.6% | 13.0% (Dec 2024) | 9.3% (Dec 2017) |

## Full detail pages

- [Age Dependency Ratio](/new-zealand/age-dependency-ratio.md)
- [Fertility Rate](/new-zealand/total-fertility-rate.md)
- [Life Expectancy](/new-zealand/life-expectancy-at-birth.md)
- [Population](/new-zealand/population.md)
- [Working-Age Population](/new-zealand/working-age-population.md)
- [Current Account to GDP](/new-zealand/current-account-pct-gdp.md)
- [Current Account Goods](/new-zealand/current-account-goods.md)
- [Current Account Services](/new-zealand/current-account-services.md)
- [FDI Inflows](/new-zealand/fdi-inflows.md)
- [Remittances](/new-zealand/personal-remittances-received.md)
- [Tourism Revenues](/new-zealand/tourism-revenues.md)
- [CO2 Emissions](/new-zealand/co2-emissions.md)
- [Energy Use per Capita](/new-zealand/energy-use-per-capita.md)
- [Government Budget](/new-zealand/budget-balance-pct-gdp.md)
- [Government Debt to GDP](/new-zealand/government-debt-to-gdp.md)
- [Military Expenditure](/new-zealand/military-expenditure.md)
- [Military Expenditure (USD)](/new-zealand/military-expenditure-usd.md)
- [Government Spending to GDP](/new-zealand/government-spending-to-gdp.md)
- [Tax Revenue to GDP](/new-zealand/tax-revenue-pct-gdp.md)
- [Interest Rate](/new-zealand/interest-rate.md)
- [Unemployment Rate](/new-zealand/unemployment-rate.md)
- [Private Credit to GDP](/new-zealand/private-credit-gdp.md)
- [Exchange Rate](/new-zealand/exchange-rate.md)
- [Foreign Exchange Reserves](/new-zealand/foreign-exchange-reserves.md)
- [Money supply M2](/new-zealand/money-supply.md)
- [GDP](/new-zealand/gdp.md)
- [Full-Year GDP Growth](/new-zealand/full-year-gdp-growth.md)
- [GDP per Capita PPP](/new-zealand/gdp-per-capita-ppp.md)
- [GDP per Capita](/new-zealand/gdp-per-capita-current-usd.md)
- [GDP PPP](/new-zealand/gdp-ppp-international.md)
- [GDP Growth Rate](/new-zealand/gdp-growth-rate.md)
- [Inflation Rate](/new-zealand/inflation-rate.md)
- [Hospital Beds](/new-zealand/hospital-beds-per-1-000.md)
- [Health Expenditure](/new-zealand/health-expenditure-pct-gdp.md)
- [ICT Goods Exports](/new-zealand/ict-goods-exports-share.md)
- [ICT Service Exports](/new-zealand/ict-service-exports-share.md)
- [Industrial Production](/new-zealand/industrial-production-yoy.md)
- [R&D Expenditure](/new-zealand/rd-expenditure-pct-gdp.md)
- [High-Tech Exports](/new-zealand/high-tech-exports-share.md)

## FAQ

**What is the current inflation rate in New Zealand?**

New Zealand's consumer price inflation is 2.8% year-on-year as of Dec 2025.

**How big is New Zealand's economy?**

New Zealand's nominal GDP was $264.1B in 2025.

**What is the unemployment rate in New Zealand?**

New Zealand's unemployment rate is 5.2% as of Sep 2025.

**Where does this data come from?**

We use primary economic sources for every country. See our methodology page for how we source and verify it.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=new-zealand&indicator={indicator}`. Same data as an MCP tool, one per indicator.