New Zealand: Manufacturing, value added (annual % growth)

Key figures

What the numbers say

In 2024, New Zealand's manufacturing, value added (annual % growth) rose 0.99 percentage points on 2023 (from -2.02% to -1.03%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.29 percentage points and a typical year strayed about 4.3 percentage points from that (the standard deviation). This year's change was 0.3 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 8.9 percentage points in 1981 and the biggest yearly fall was 13.11 percentage points in 1985. 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 0.61 percentage points a year. A straight line explains 39% 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 29th highest value of the 37 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

• Vanuatu — 26th of 37: 0.21%
• Sierra Leone — 27th of 37: 0.17%
• Türkiye — 28th of 37: -0.52%
• Cayman Islands — 30th of 37: -3.4%
• Marshall Islands — 31st of 37: -4.3%
• Andorra — 32nd of 37: -4.47%

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 47 values

Manufacturing, value added (annual % growth) in nearby economies

• Australia — -2.18% (2025)
• Brunei Darussalam — -2.89% (2025)
• Cambodia — 9.76% (2025)
• Fiji — 1.23% (2025)
• Hong Kong SAR, China — 3.21% (2025)
• Indonesia — 5.3% (2025)
• Japan — -5.78% (2024)
• Kiribati — 0.35% (2024)
• Korea, Rep. — 2.03% (2025)
• Lao PDR — 5.24% (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

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Questions people ask

What is New Zealand's manufacturing, value added (annual % growth)?

-1.03% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1978?

It is down 0.64 percentage points from -0.4% in 1978. The highest value was 8.73% in 2002 and the lowest -8.51% in 2008.

How does New Zealand rank?

29th highest of 37 economies with data for 2024.

Is the latest change in manufacturing, value added (annual % growth) unusual for New Zealand?

In 2024, New Zealand's manufacturing, value added (annual % growth) rose 0.99 percentage points on 2023 (from -2.02% to -1.03%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.29 percentage points and a typical year strayed about 4.3 percentage points from that (the standard deviation). This year's change was 0.3 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 NV.IND.MANF.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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