New Zealand's external balance on goods and services (constant LCU) was -3.69 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 193.3% from 3.96 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -3.69 billion | 2024 |
| Five years earlier | -144.94 million | 2019 |
| Ten years earlier | 3.96 billion | 2014 |
| Highest | 18.04 billion | 2002 |
| Lowest | -13.25 billion | 2021 |
| Average since 2015 | -2.25 billion | 2015–2024 |
| First recorded | 2.9 billion |
What the numbers say
In 2024, New Zealand's external balance on goods and services (constant LCU) rose 1.48 billion on 2023 (from -5.17 billion to -3.69 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −578.93 million and a typical year strayed about 3.68 billion from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 7.86 billion in 2009 and the biggest yearly fall was 11.64 billion in 2021. 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 the straight-line trend is downward, about 1.71 billion a year. A straight line explains 59% of the movement over 10 observed years.
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 12th highest value of the 18 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
- Marshall Islands — 9th of 18: -110.12 million
- Cuba — 10th of 18: -354 million
- Timor-Leste — 11th of 18: -1.15 billion
- Solomon Islands — 13th of 18: -4.73 billion
- Vanuatu — 14th of 18: -35.09 billion
- Angola — 15th of 18: -919.98 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 55 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2024 | -3,690,250,000 |
| 2023 | -5,166,397,000 |
| 2022 | -12,917,294,000 |
| 2021 | -13,252,438,000 |
| 2020 | -1,612,000,000 |
| 2019 | -144,942,000 |
| 2018 | 958,878,000 |
| 2017 | 1,820,144,000 |
| 2016 | 4,489,682,000 |
| 2015 | 7,041,206,000 |
External balance on goods and services (constant LCU) in nearby economies
- American Samoa — -249 million (2022)
- Brunei Darussalam — 4.61 billion (2025)
- Cambodia — -3.91 trillion (2025)
- Guam — -3.3 billion (2022)
- Indonesia — 616.22 trillion (2025)
- Japan — 5.75 trillion (2024)
- Malaysia — 56.44 billion (2025)
- Marshall Islands — -110.12 million (2024)
- Mongolia — -11.74 trillion (2025)
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
Questions people ask
- What is New Zealand's external balance on goods and services (constant LCU)?
- -3.69 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is down 227.09% from 2.9 billion in 1970. The highest value was 18.04 billion in 2002 and the lowest -13.25 billion in 2021.
- How does New Zealand rank?
- 12th highest of 18 economies with data for 2024.
- Is the latest change in external balance on goods and services (constant LCU) unusual for New Zealand?
- In 2024, New Zealand's external balance on goods and services (constant LCU) rose 1.48 billion on 2023 (from -5.17 billion to -3.69 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −578.93 million and a typical year strayed about 3.68 billion from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.KN, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in