New Zealand: Trade openness
* indicates monthly or quarterly data series
| New Zealand |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 50.66 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1970 - 2024 |
| Average | 55.64 |
| Min - Max | 43.83 - 68.52 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 50.66 percent, an increase from 49.87 percent in 2023. In comparison, the world average is 90.58 percent, based on data from 166 countries. Historically, the average for New Zealand from 1970 to 2024 is 55.64 percent. The minimum value, 43.83 percent, was reached in 2020 while the maximum of 68.52 percent was recorded in 2000.
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* indicates monthly or quarterly data series
| Recent values | New Zealand: Trade openness |
|---|---|
| 2024 | 50.66 |
| 2023 | 49.87 |
| 2022 | 53.21 |
| 2021 | 48.43 |
| 2020 | 43.83 |
| 2019 | 54.46 |
| 2018 | 55.91 |
| 2017 | 54.28 |
Definition: Exports plus imports as percent of GDP.
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Article: Are trade deficits bad for the economy?
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 107.60 | 2024 | percent |
| Trade openness | 50.66 | 2024 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 24.71 | 2024 | percent |
| Exports, billion dollars | 64.60 | 2024 | billion U.S. dollars |
| Growth of exports | 3.35 | 2024 | percent |
| Imports, percent of GDP | 25.96 | 2024 | percent |
| Imports, billion dollars | 67.87 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.37 | 2025 | percent |
| Foreign Direct Investment, billion dollars | 1.76 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 3,430.29 | 2025 | million dollars (current) |
| Current account, percent of GDP | -3.62 | 2025 | percent |
| Current account, in dollars | -9.56 | 2025 | billion U.S. dollars |
| Current Account, quarterly | -3.26 | 6/2026 | percent |
| Trade balance, percent of GDP | -1.25 | 2024 | percent |
| Trade balance, in dollars | -1.77 | 2025 | billion U.S. dollars |
| Reserves | 28.15 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 0.16 | 2022 | percent |
| Remittances | 407.21 | 2022 | million U.S. dollars |
| Net errors and omissions | -416.44 | 2025 | million USD |
| External debt | 88.27 | 2024 | percent |
| Short-term external debt | 22.63 | 2024 | percent |
| Short-term debt to reserves | 233.88 | 2024 | percent |
| External debt in foreign currencies | 38.46 | 2024 | percent |