New Zealand Gross Domestic Product (GDP) by Year (1961–2023)

New Zealand Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). New Zealand Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: New Zealand
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
New Zealand's GDP reflects its transition from an agriculture-based economy to a diversified modern market. From $5.7 billion in 1961, GDP saw gradual growth, hitting $23.2 billion by 1980 due to expanded trade and economic reforms. The 1980s and early 1990s experienced fluctuations as market liberalization policies took effect, with GDP recovering to $46.7 billion in 1993.

The 2000s marked accelerated growth, with GDP peaking at $253.6 billion in 2023. Key drivers included exports of agricultural products, renewable energy advancements, and a growing technology sector, demonstrating resilience despite challenges such as the global financial crisis and the COVID-19 pandemic.

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