New Zealand: GNI (constant LCU)

Key figures

What the numbers say

In 2024, New Zealand's GNI (constant LCU) rose 0.3% on 2023 (from 346.69 billion to 347.58 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +3.2% and a typical year strayed about 1.6% from that (the standard deviation). This year's change was 1.8 standard deviations below 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 7.9% in 1973 and the biggest yearly fall was 3.6% in 1991. 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 upward, about 7.8 billion a year. A straight line explains 97% 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 17th highest value of the 47 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

• Belgium — 14th of 47: 520.46 billion
• Austria — 15th of 47: 403.93 billion
• Macao SAR, China — 16th of 47: 392.57 billion
• Ireland — 18th of 47: 347.33 billion
• Bolivia — 19th of 47: 328.06 billion
• Greece — 20th of 47: 200.03 billion

What this measures

Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. 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 54 values

GNI (constant LCU) in nearby economies

• Brunei Darussalam — 19.63 billion (2025)
• Cambodia — 163.09 trillion (2025)
• Indonesia — 12,915.6 trillion (2025)
• Japan — 608.28 trillion (2024)
• Kiribati — 619.78 million (2024)
• Korea, Rep. — 2,329.56 trillion (2025)
• Lao PDR — 109.74 trillion (2016)
• Macao SAR, China — 392.57 billion (2024)
• Malaysia — 1.72 trillion (2025)
• Marshall Islands — 271.87 million (2024)
• Mongolia — 43.35 trillion (2025)
• Palau — 250.65 million (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 GNI (constant LCU)?

347.58 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is up 263.63% from 95.59 billion in 1971 (2.47% a year on average, compounded). The highest value was 347.58 billion in 2024 and the lowest 95.59 billion in 1971.

How does New Zealand rank?

17th highest of 47 economies with data for 2024.

Is the latest change in GNI (constant LCU) unusual for New Zealand?

In 2024, New Zealand's GNI (constant LCU) rose 0.3% on 2023 (from 346.69 billion to 347.58 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +3.2% and a typical year strayed about 1.6% from that (the standard deviation). This year's change was 1.8 standard deviations below 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 NY.GNP.MKTP.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.

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