Home/Countries/New Zealand/Government Expense (% of GDP)

New ZealandGovernment Expense (% of GDP)

Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #31 of 138Series years: 20012022
Latest Value
35.5%
2022
YoY Change
+5.5%
20212022
Global Rank
#31
of 138 countries
Maximum
40.0%
2011
Minimum
29.7%
2018
CAGR
+0.6%
22 years
Last
35.5%
Previous
33.6%
Highest
40.0%
Lowest
29.7%
Unit
% of GDP
Source
World Bank World Development Indicators

New Zealand's government expense (% of GDP) was 35.5% in 2022, ranking #31 out of 138 countries. This represents a +5.5% change from 2021. Over the past 22 years, the highest recorded value was 40.0% (2011) and the lowest was 29.7% (2018). Data sourced from the World Bank World Development Indicators.

New Zealand — Government Expense (% of GDP): 35.4955182384826 % of GDP for reference year 2022. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators

Historical Data

YearValueChange
202235.5%+5.5%
202133.6%-7.3%
202036.3%+20.8%
201930.1%+1.1%
201829.7%-0.7%
201729.9%-2.6%
201630.7%-2.6%
201531.5%-2.5%
201432.3%-2.3%
201333.1%-5.4%
201235.0%-12.7%
201140.0%+17.3%
201034.1%+0.3%
200934.1%+4.6%
200832.6%+4.0%
200731.3%-0.2%
200631.4%+1.3%
200531.0%+1.8%
200430.4%-2.5%
200331.2%+1.6%
200230.7%-2.6%
200131.6%

Top Countries — Government Expense (% of GDP)

#CountryValueYear
1Naoero103.6%2020
2Kiribati83.7%2023
3Ukraine65.6%2023
4Marshall Islands59.4%2020
5Palau59.0%2020
6Timor-Leste52.5%2022
7Greece47.3%2023
8Italy47.3%2023
9France47.3%2023
10Austria46.0%2023
View all 138 countries →

About This Indicator

Definition

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Methodology

Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)

Unit

% of GDP

Source: World Bank (World Development Indicators)View original source →