New Zealand's net secondary income (net current transfers from abroad) (current LCU) was -1.25 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 268.64% from -338 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -1.25 billion | 2024 |
| Five years earlier | -178 million | 2019 |
| Ten years earlier | -338 million | 2014 |
| Highest | 849 million | 1996 |
| Lowest | -1.25 billion | 2024 |
| Average since 2015 | -409.1 million | 2015–2024 |
| First recorded | 18 million |
What the numbers say
In 2024, New Zealand's net secondary income (net current transfers from abroad) (current LCU) fell 587 million on 2023 (from -659 million to -1.25 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −34.3 million and a typical year strayed about 380.69 million from that (the standard deviation). This year's change was 1.5 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 878 million in 2022 and the biggest yearly fall was 1.18 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 5% 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 39th highest value of the 54 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
- Cayman Islands — 36th of 54: -379.9 million
- Slovenia — 37th of 54: -392.03 million
- Luxembourg — 38th of 54: -587.7 million
- Austria — 40th of 54: -3.14 billion
- Oman — 41st of 54: -3.57 billion
- Ireland — 42nd of 54: -4.31 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 54 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2024 | -1,246,000,000 |
| 2023 | -659,000,000 |
| 2022 | 516,000,000 |
| 2021 | -362,000,000 |
| 2020 | -418,000,000 |
| 2019 | -178,000,000 |
| 2018 | -582,000,000 |
| 2017 | -695,000,000 |
| 2016 | -201,000,000 |
| 2015 | -266,000,000 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Australia — -521 million (2025)
- Brunei Darussalam — -939.28 million (2025)
- Cambodia — 9.94 trillion (2025)
- China — 157.71 billion (2025)
- Fiji — 1.13 billion (2025)
- French Polynesia — 65.57 billion (2024)
- Hong Kong SAR, China — -23.47 billion (2025)
- Indonesia — 110.72 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 net secondary income (net current transfers from abroad) (current LCU)?
- -1.25 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is down 7,022% from 18 million in 1971. The highest value was 849 million in 1996 and the lowest -1.25 billion in 2024.
- How does New Zealand rank?
- 39th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for New Zealand?
- In 2024, New Zealand's net secondary income (net current transfers from abroad) (current LCU) fell 587 million on 2023 (from -659 million to -1.25 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −34.3 million and a typical year strayed about 380.69 million from that (the standard deviation). This year's change was 1.5 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.TRF.NCTR.CN, 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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