New Zealand's social contributions (current LCU) was 2.95 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 12.88% from 2.62 billion in 2014 (1.22% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.95 billion | 2024 |
| Five years earlier | 2.17 billion | 2019 |
| Ten years earlier | 2.62 billion | 2014 |
| Highest | 2.95 billion | 2024 |
| Lowest | 23.85 million | 2002 |
| Average since 2015 | 2.34 billion | 2015–2024 |
| First recorded | 120 million |
What the numbers say
In 2024, New Zealand's social contributions (current LCU) rose 7.4% on 2023 (from 2.75 billion to 2.95 billion).
Across the 20 yearly changes before that (2002 to 2023), the average change was +18.5% and a typical year strayed about 104% from that (the standard deviation). This year's change was 0.1 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 452.7% in 2003 and the biggest yearly fall was 80.1% in 2002. 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 79.88 million a year. A straight line explains 58% 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 63rd highest value of the 68 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
- Tajikistan — 60th of 68: 4.92 billion
- Latvia — 61st of 68: 4.62 billion
- Cyprus — 62nd of 68: 4.52 billion
- Mozambique — 64th of 68: 1.85 billion
- Malta — 65th of 68: 1.17 billion
- El Salvador — 66th of 68: 947 million
What this measures
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 23 values
| Year | Social contributions (current LCU) |
|---|---|
| 2024 | 2,954,914,350 |
| 2023 | 2,751,582,000 |
| 2022 | 2,486,067,000 |
| 2021 | 2,349,382,000 |
| 2020 | 2,178,403,000 |
| 2019 | 2,168,865,000 |
| 2018 | 1,991,695,000 |
| 2017 | 2,063,440,000 |
| 2016 | 2,048,850,000 |
| 2015 | 2,392,110,000 |
| 2014 |
Social contributions (current LCU) in nearby economies
- China — 8.83 trillion (2024)
- Korea, Rep. — 202.27 trillion (2024)
- Macao SAR, China — 479.01 million (2024)
- Mongolia — 5.28 trillion (2024)
- Samoa — 13.61 million (2023)
- Thailand — 190.33 billion (2024)
More public sector data for New Zealand
- Military expenditure (current USD) — 2.86 billion (2025)
- Military expenditure (current LCU) — 4.91 billion (2025)
- Military expenditure (% of GDP) — 1.1% (2025)
- Arms imports (SIPRI trend indicator values) — 200 million (2024)
- Grants and other revenue (current LCU) — 17.87 billion (2024)
- Grants and other revenue (% of revenue) — 12.04% (2024)
- Revenue, excluding grants (current LCU) — 147.96 billion (2024)
- Revenue, excluding grants (% of GDP) — 34.25% (2024)
- Taxes on goods and services (current LCU) — 39.13 billion (2024)
- Taxes on goods and services (% of revenue)
Reading data like this
Questions people ask
- What is New Zealand's social contributions (current LCU)?
- 2.95 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is up 2,362% from 120 million in 2001 (14.95% a year on average, compounded). The highest value was 2.95 billion in 2024 and the lowest 23.85 million in 2002.
- How does New Zealand rank?
- 63rd highest of 68 economies with data for 2024.
- Is the latest change in social contributions (current LCU) unusual for New Zealand?
- In 2024, New Zealand's social contributions (current LCU) rose 7.4% on 2023 (from 2.75 billion to 2.95 billion). Across the 20 yearly changes before that (2002 to 2023), the average change was +18.5% and a typical year strayed about 104% from that (the standard deviation). This year's change was 0.1 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 GC.REV.SOCL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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