New Zealand: Government spending, percent of GDP

* indicates monthly or quarterly data series
 New Zealand

Government spending as percent of GDP

 Latest value 20.82
 Year 2022
 Measure percent
 Data availability 1971 - 2022
 Average 17.99
 Min - Max 14.50 - 20.89
 Source The World Bank
For that indicator, we provide data for New Zealand from 1971 to 2022. The average value for New Zealand during that period was 17.99 percent with a minimum of 14.5 percent in 1973 and a maximum of 20.89 percent in 2021. The latest value from 2022 is 20.82 percent. For comparison, the world average in 2022 based on 143 countries is 16.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
New Zealand - Government spending, percent of GDP - Recent values chart

Historical chart
New Zealand - Government spending, percent of GDP - historical chart - 1971-2022

The government size of New Zealand and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.82 2022 percent
 Government spending, in dollars 51.65 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -2.70 2022 percent
 Government debt 30.16 2021 percent
 Government expenditure 21.57 Q3/2023 billion
 Long-term government bond yield 5.05 9/2023 percent
 Tax revenue 29.77 2022 percent
 Commercial tax rate 34.60 2019 percent
 Tax preparation time 140 2019 hours
 Number of taxes 7 2019 taxes
 Taxes on goods and services 27.87 2022 percent
 Taxes on international trade 2.68 2022 percent
 Income and profits taxes 58.26 2022 percent
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