New Zealand: Services, value added per worker (constant 2015 US$)

Key figures

What the numbers say

In 2024, New Zealand's services, value added per worker (constant 2015 US$) fell US$371.91 on 2023 (from US$70,296 to US$69,924).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$503.49 and a typical year strayed about US$1,044 from that (the standard deviation). This year's change was 0.8 standard deviations below 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 US$2,450 in 2021 and the biggest yearly fall was US$1,503 in 2016. 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 US$429.44 a year. A straight line explains 48% 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 3rd highest value of the 19 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

• Macao SAR, China — 1st of 19: US$121,145
• Israel — 2nd of 19: US$75,521
• Japan — 4th of 19: US$67,154
• United Arab Emirates — 5th of 19: US$57,148
• Bahamas, The — 6th of 19: US$56,014

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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. The core indicator has been divided by the number of workers in the economy to derive a measure of labor productivity. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD].

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

All 34 values

Services, value added per worker (constant 2015 US$) in nearby economies

• Australia — US$104,665 (2025)
• Brunei Darussalam — US$33,254 (2025)
• Cambodia — US$3,701 (2025)
• China — US$31,545 (2025)
• Fiji — US$16,068 (2025)
• Hong Kong SAR, China — US$99,420 (2025)
• Indonesia — US$8,546 (2025)
• Japan — US$67,154 (2024)
• Korea, Rep. — US$53,735 (2025)
• Lao PDR

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 services, value added per worker (constant 2015 US$)?

US$69,924 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 32.45% from US$52,791 in 1991 (0.86% a year on average, compounded). The highest value was US$71,685 in 2022 and the lowest US$52,791 in 1991.

How does New Zealand rank?

3rd highest of 19 economies with data for 2024.

Is the latest change in services, value added per worker (constant 2015 US$) unusual for New Zealand?

In 2024, New Zealand's services, value added per worker (constant 2015 US$) fell US$371.91 on 2023 (from US$70,296 to US$69,924). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$503.49 and a typical year strayed about US$1,044 from that (the standard deviation). This year's change was 0.8 standard deviations below 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.SRV.EMPL.KD, licensed CC BY 4.0. Original source: World Development Indicators database, World Bank (WB); ILOSTAT database, International Labour Organization (ILO) 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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