The ratio of government expenditure to GDP in New Zealand was forecast to continuously decrease between 2024 and 2029 by in total 2.9 percentage points. After the fifth consecutive decreasing year, the ratio is estimated to reach 38.36 percent and therefore a new minimum in 2029. Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Find more key insights for the ratio of government expenditure to GDP in countries like Samoa, Kiribati and Tonga.
New Zealand: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029
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IMF. (April 22, 2024). New Zealand: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/436523/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-new-zealand/
IMF. "New Zealand: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029." Chart. April 22, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/436523/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-new-zealand/
IMF. (2024). New Zealand: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/436523/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-new-zealand/
IMF. "New Zealand: Ratio of Government Expenditure to Gross Domestic Product (Gdp) from 2019 to 2029." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/436523/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-new-zealand/
IMF, New Zealand: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 Statista, https://www.statista.com/statistics/436523/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-new-zealand/ (last visited September 01, 2024)
New Zealand: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/436523/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-new-zealand/