New Zealand: Changes in inventories (current US$)

Key figures

What the numbers say

In 2024, New Zealand's changes in inventories (current US$) rose US$1.22 billion on 2023 (from −US$1.95 billion to −US$734.12 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was −US$91.39 million and a typical year strayed about US$1.02 billion from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$1.52 billion in 2021 and the biggest yearly fall was US$4.17 billion in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 19% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, New Zealand had the 35th highest value of the 38 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to New Zealand in the 2024 ranking

• Bahrain — 31st of 38: −US$244 million
• Maldives — 32nd of 38: −US$285.75 million
• Bolivia — 33rd of 38: −US$489.26 million
• Oman — 35th of 38: −US$736.28 million
• Kuwait — 36th of 38: −US$2.65 billion
• Tunisia — 37th of 38: −US$3.78 billion

What this measures

Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 55 values

Changes in inventories (current US$) in nearby economies

• American Samoa — −US$29 million (2022)
• Australia — US$2.38 billion (2025)
• Brunei Darussalam — US$31.97 million (2025)
• Cambodia — US$314.5 million (2025)
• China — US$155.38 billion (2024)
• Fiji — US$46.51 million (2024)
• French Polynesia — −US$10.57 million (2020)
• Hong Kong SAR, China — US$6.02 billion (2025)
• Indonesia — US$26.77 billion (2025)
• Japan — −US$5.63 billion (2024)

More economic policy & debt data for New Zealand

• Total reserves, including gold (current US$) — US$28.15 billion (2025)
• Total reserves, excluding gold (current US$) — US$28.15 billion (2025)
• GDP (current US$) — US$264.06 billion (2025)
• GDP (current LCU) — 449.8 billion (2025)
• GDP (constant 2015 US$) — US$220.1 billion (2025)
• GDP (constant LCU) — 359.52 billion (2025)
• GDP per capita (current US$) — US$49,591 (2025)
• GDP per capita (current LCU) — 84,475 (2025)
• GDP per capita (constant 2015 US$) — US$41,336 (2025)
• GDP per capita (constant LCU) — 67,519 (2025)

Reading data like this

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Questions people ask

What is New Zealand's changes in inventories (current US$)?

−US$734.12 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is down 1,312% from US$60.57 million in 1970. The highest value was US$2.22 billion in 2022 and the lowest −US$1.95 billion in 2023.

How does New Zealand rank?

35th highest of 38 economies with data for 2024.

Is the latest change in changes in inventories (current US$) unusual for New Zealand?

In 2024, New Zealand's changes in inventories (current US$) rose US$1.22 billion on 2023 (from −US$1.95 billion to −US$734.12 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$91.39 million and a typical year strayed about US$1.02 billion from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NE.GDI.STKB.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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