New Zealand Private Consumption: % of GDP
1987 - 2024 | Quarterly | % | CEIC Data
Key information about New Zealand Private Consumption: % of GDP
- New Zealand Private Consumption accounted for 57.4 % of its Nominal GDP in Jun 2024, compared with a ratio of 56.2 % in the previous quarter.
- New Zealand Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Jun 1987 to Jun 2024, with an average share of 57.9 %.
- The data reached an all-time high of 64.4 % in Sep 1998 and a record low of 52.4 % in Mar 2002.
CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Statistics New Zealand provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.
Related information about New Zealand Private Consumption: % of GDP
- In the latest reports, New Zealand GDP expanded 1.8 % YoY in Mar 2023.
- Its Nominal GDP reached 62.0 USD bn in Mar 2023.
- New Zealand GDP Per Capita reached 47,396.7 USD in Mar 2024.
- Its Gross Savings Rate was measured at 22.8 % in Mar 2023.
View New Zealand's Private Consumption: % of GDP from Jun 1987 to Jun 2024 in the chart:
What was New Zealand's Private Consumption: % of GDP in Jun 2024?
New Zealand Private Consumption accounted for 57.4 % of its Nominal GDP in Jun 2024, compared with a ratio of 56.2 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 57.4 Jun 2024 | 56.2 Mar 2024 | 52.4 Mar 2002 | 64.4 Sep 1998 | % | quarterly | Jun 1987 - Jun 2024 |
Private Consumption: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 73.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 41.2 2023 | yearly | 1950 - 2023 |
| Argentina (%) | 66.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Armenia (%) | 68.1 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| Australia (%) | 51.8 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
| Austria (%) | 54.2 Sep 2024 | quarterly | Mar 1988 - Sep 2024 |
| Azerbaijan (%) | 44.0 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Bahrain (%) | 36.3 2022 | yearly | 1975 - 2022 |
| Bangladesh (%) | 66.8 2024 | yearly | 1973 - 2024 |
| Belarus (%) | 55.0 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Belgium (%) | 51.6 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Bolivia (%) | 62.8 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | 62.8 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | 42.8 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Brazil (%) | 64.1 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Brunei (%) | 24.2 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Bulgaria (%) | 62.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cambodia (%) | 60.0 2022 | yearly | 1993 - 2022 |
| Canada (%) | 54.1 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
| Chile (%) | 65.2 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| China (%) | 39.2 2023 | yearly | 1952 - 2023 |
| Colombia (%) | 74.5 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Croatia (%) | 49.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Cyprus (%) | 57.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Czech Republic (%) | 45.9 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (%) | 43.1 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Ecuador (%) | 63.1 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Egypt (%) | 86.8 Jun 2024 | quarterly | Sep 2001 - Jun 2024 |
| Estonia (%) | 52.3 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| European Union (%) | 52.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Finland (%) | 51.8 Jun 2024 | quarterly | Mar 1975 - Jun 2024 |
| France (%) | 54.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Georgia (%) | 71.2 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 53.2 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Ghana (%) | 84.2 2023 | yearly | 2006 - 2023 |
| Greece (%) | 66.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Hong Kong SAR, China (%) | 64.9 Sep 2024 | quarterly | Mar 1973 - Sep 2024 |
| Hungary (%) | 50.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Iceland (%) | 51.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| India (%) | 62.0 Sep 2024 | quarterly | Jun 1996 - Sep 2024 |
| Indonesia (%) | 54.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Iran (%) | 45.2 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
| Ireland (%) | 29.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Israel (%) | 50.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Italy (%) | 58.6 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
| Ivory Coast (%) | 65.8 2023 | yearly | 1960 - 2023 |
| Japan (%) | 55.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Jordan (%) | 78.7 2023 | yearly | 1962 - 2023 |
| Kazakhstan (%) | 46.5 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 76.2 2023 | yearly | 1969 - 2023 |
| South Korea (%) | 48.5 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Kosovo (%) | 72.5 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Kuwait (%) | 32.5 2022 | yearly | 1962 - 2022 |
| Kyrgyzstan (%) | 84.8 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
| Laos (%) | 64.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 59.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Lebanon (%) | 118.8 2021 | yearly | 1990 - 2021 |
| Lithuania (%) | 60.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Luxembourg (%) | 31.2 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 28.9 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| North Macedonia (%) | 67.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Malawi (%) | 79.2 2019 | yearly | 1960 - 2019 |
| Malaysia (%) | 62.7 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Malta (%) | 47.6 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Mauritius (%) | 59.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Mexico (%) | 70.0 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Moldova (%) | 87.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Mongolia (%) | 53.3 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Montenegro (%) | 77.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | 56.7 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mozambique (%) | 78.0 2023 | yearly | 1969 - 2022 |
| Nepal (%) | 86.1 2024 | yearly | 1975 - 2024 |
| Netherlands (%) | 44.2 Sep 2024 | quarterly | Mar 1977 - Sep 2024 |
| New Zealand (%) | 57.4 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
| Nigeria (%) | 61.2 2023 | yearly | 1981 - 2023 |
| Norway (%) | 39.7 Sep 2024 | quarterly | Mar 1978 - Sep 2024 |
| Oman (%) | 36.8 2023 | yearly | 1980 - 2023 |
| Pakistan (%) | 84.4 2024 | yearly | 1967 - 2024 |
| Palestinian Territory (%) | 98.6 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Panama (%) | 48.7 2022 | yearly | 1996 - 2022 |
| Paraguay (%) | 67.1 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Peru (%) | 62.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Philippines (%) | 78.6 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
| Poland (%) | 60.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Portugal (%) | 57.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Qatar (%) | 20.6 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 58.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Russia (%) | 50.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Saudi Arabia (%) | 40.2 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Serbia (%) | 66.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Singapore (%) | 31.3 2023 | yearly | 1960 - 2023 |
| Slovakia (%) | 61.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Slovenia (%) | 52.0 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| South Africa (%) | 64.7 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Spain (%) | 56.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Sri Lanka (%) | 66.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Sudan (%) | 77.8 2016 | yearly | 1976 - 2016 |
| Sweden (%) | 46.5 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Switzerland (%) | 50.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Syria (%) | 114.8 2022 | yearly | 1970 - 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.6 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | 5,246.112 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Tax Revenue (USD mn) | 80,859.209 2024 | yearly | 1999 - 2024 |
| Tax Revenue: % of GDP (%) | 30.8 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 118,791.5 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Government Debt: % of GDP (%) | 42.6 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Forecast: Government Expenditure (NZD bn) | 194.423 2029 | yearly | 1985 - 2029 |
| Forecast: Government Net Debt (NZD bn) | 236.804 2029 | yearly | 1985 - 2029 |
| Forecast: Government Revenue (NZD bn) | 195.599 2029 | yearly | 1985 - 2029 |
| General Government: ytd: Expenses (NZD mn) | 45,813.000 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| General Government: ytd: Revenue (NZD mn) | 41,681.000 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| General Government: ytd: Borrowings (NZD mn) | 256,738.000 Sep 2024 | quarterly | Jun 2002 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.471 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | -937.9 Oct 2024 | monthly | Jan 1960 - Oct 2024 |
| Total Exports (USD mn) | 3,503.6 Oct 2024 | monthly | Jan 1957 - Oct 2024 |
| Total Exports Growth (%) | 7.5 Oct 2024 | monthly | Jan 1952 - Oct 2024 |
| Aluminum: Exports (USD th) | 796,821.124 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 133,163.766 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 279,372.038 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 4,441.4 Oct 2024 | monthly | Jan 1960 - Oct 2024 |
| Total Imports Growth (%) | 3.0 Oct 2024 | monthly | Jan 1961 - Oct 2024 |
| Imports: Medicament (USD th) | 1,071,353.476 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 469,470.056 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 430.326 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Total Imports from USA (USD mn) | 629.216 Oct 2024 | monthly | Jan 1981 - Oct 2024 |
| Total Exports to China (USD mn) | 914.051 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Total Imports from China (USD mn) | 790.551 Oct 2024 | monthly | Jul 1982 - Oct 2024 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 80.077 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 3,423.543 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 639.855 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 425.812 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 258.405 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Exports: fob: Australia (NZD mn) | 784.447 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
| Exports: fob: Japan (NZD mn) | 308.713 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: United Kingdom (NZD mn) | 111.276 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: China (NZD mn) | 1,451.610 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: United States (NZD mn) | 708.240 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: Australia: sa (NZD mn) | 729.379 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Exports: fob: China: sa (NZD mn) | 1,504.364 Oct 2024 | monthly | Jul 1981 - Oct 2024 |
| Export Value Index (2015=100) | 130.280 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 136.389 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 91.0 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
| Money Supply M1 (USD mn) | 69,727.867 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Money Supply M2 (USD mn) | 249,335.593 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| M2 Growth (%) | 3.2 Oct 2024 | monthly | Mar 1989 - Oct 2024 |
| Foreign Exchange Reserves (USD mn) | 20,224.0 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 5.764 Jun 2024 | quarterly | Sep 2005 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.6 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Gold Reserves (USD mn) | 0.000 Nov 2024 | monthly | Dec 1950 - Nov 2024 |
| Total Deposits (USD mn) | 274,155.429 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Total Deposits Growth (%) | 3.8 Oct 2024 | monthly | Dec 2017 - Oct 2024 |
| Domestic Credit (USD mn) | 358,277.6 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| Domestic Credit Growth (%) | 0.7 Oct 2024 | monthly | Mar 1989 - Oct 2024 |
| Credit to Households (USD bn) | 234.071 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 412.164 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Household Debt (USD mn) | 226,591.5 Oct 2024 | monthly | Dec 1990 - Oct 2024 |
| Total Loans (USD mn) | 338,592.262 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Total Loans Growth (%) | 2.53 Oct 2024 | monthly | Dec 2017 - Oct 2024 |
| Private Debt: % of Nominal GDP (%) | 137.41 Jun 2024 | quarterly | Mar 1988 - Jun 2024 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 418,981.000 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 117,170.000 Oct 2024 | monthly | Dec 2016 - Oct 2024 |
| Depository Corp: Domestic Credit (NZD mn) | 602,046.000 Oct 2024 | monthly | Mar 1988 - Oct 2024 |
| Official Reserve Assets (NZD mn) | 39,564.847 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 25,529.121 Oct 2024 | monthly | Sep 2005 - Oct 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
| House Price Inflation: Net Percent Expecting (%) | 47.600 Dec 2024 | quarterly | Mar 2022 - Dec 2024 |
| House Price Inflation: Net Percent Expecting Higher (%) | -43.400 Dec 2024 | quarterly | Mar 2022 - Dec 2024 |
More Indicators for New Zealand
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National Accounts
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Seasonally Adjusted: Quarterly
Gross Domestic Product: Deflator and Volume Index: Quarterly
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
SNA08: Exports of Goods and Services: 2009-10 Price: Chain-Volume
SNA08: GDP by Expenditure
SNA08: GDP by Expenditure: 2009-10 Price: Chain-Volume: Seasonally Adjusted
SNA08: GDP by Industry: ANZSIC06: 2009-10 Price: Chain-Volume
SNA08: GDP by Industry: ANZSIC06: Current Price
SNA08: Government Final Consumption Expenditure
SNA08: Gross Capital Formation
SNA08: Gross Capital Formation: Gross Fixed Capital Formation
SNA08: Implicit Price Deflators: 2009-10 Price: Chain-Volume: Seasonally Adjusted
SNA08: Imports of Goods and Services: 2009-10 Price: Chain-Volume
SNA08: Private Final Consumption Expenditure: 2009-10 Price: Chain-Volume
Contribution to GDP
Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
SNA08: Exports of Goods and Services
SNA08: Funds by Sector: Stock: Non-Profit Institutions Serving Households
SNA08: GDP by Expenditure: 2009-10 Price: Chain-Volume
SNA08: GDP by Expenditure: Seasonally Adjusted
SNA08: GDP by Industry: ANZSIC06: 2009-10 Price: Chain-Volume: Seasonally Adjusted
SNA08: GDP per Capita
SNA08: Government Final Consumption Expenditure: 2009-10 Price: Chain-Volume
SNA08: Gross Capital Formation: Changes in Inventory: 2009-10 Price: Chain-Volume
SNA08: Gross National Disposable Income and GDP per Capita
SNA08: Imports of Goods and Services
SNA08: Private Final Consumption Expenditure