Inflation, GDP deflator: linked series in New Zealand
New Zealand: Inflation, GDP deflator: linked series was 3.6% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in New Zealand, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator: linked series in New Zealand is 3.6%, measured in 2025.
That represents a change of down 17.7% on the previous year and up 154.5% over ten years.
Over the whole period, inflation, gdp deflator: linked series in New Zealand peaked at 6.2% in 2022 and was at its lowest, -0.1%, in 2012.
New Zealand ranks 95th of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series in New Zealand, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 2.4% | — |
| 1991 | 0.9% | -64.1% |
| 1992 | 2.0% | +127.9% |
| 1993 | 1.5% | -25.4% |
| 1994 | 1.9% | +28.7% |
| 1995 | 1.4% | -26.0% |
| 1996 | 1.4% | -0.2% |
| 1997 | 1.6% | +10.7% |
| 1998 | 1.1% | -32.6% |
| 1999 | 0.6% | -45.0% |
| 2000 | 2.9% | +398.0% |
| 2001 | 3.9% | +33.6% |
| 2002 | 0.3% | -92.3% |
| 2003 | 2.1% | +597.9% |
| 2004 | 2.8% | +33.1% |
| 2005 | 2.0% | -27.4% |
| 2006 | 2.7% | +35.7% |
| 2007 | 5.3% | +95.3% |
| 2008 | 2.8% | -48.1% |
| 2009 | 2.6% | -4.1% |
| 2010 | 3.1% | +19.3% |
| 2011 | 2.4% | -23.5% |
| 2012 | -0.1% | -105.4% |
| 2013 | 4.2% | -3306.0% |
| 2014 | 0.4% | -89.3% |
| 2015 | 1.4% | +216.8% |
| 2016 | 2.4% | +71.0% |
| 2017 | 3.7% | +50.0% |
| 2018 | 1.9% | -48.7% |
| 2019 | 3.3% | +76.2% |
| 2020 | 1.9% | -40.9% |
| 2021 | 4.6% | +133.9% |
| 2022 | 6.2% | +36.9% |
| 2023 | 4.1% | -34.1% |
| 2024 | 4.4% | +7.1% |
| 2025 | 3.6% | -17.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.5% | 0.6% | 2.4% | 10 |
| 2000s | 2.7% | 0.3% | 5.3% | 10 |
| 2010s | 2.3% | -0.1% | 4.2% | 10 |
| 2020s | 4.1% | 1.9% | 6.2% | 6 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Reserve position in the IMF, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 81.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 59.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 81.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in New Zealand?
- Inflation, gdp deflator: linked series in New Zealand was 3.6% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in New Zealand?
- The highest recorded value was 6.2% in 2022.
- What is the lowest inflation, gdp deflator: linked series recorded in New Zealand?
- The lowest recorded value was -0.1% in 2012.
- How does New Zealand rank for inflation, gdp deflator: linked series?
- New Zealand ranks 95th out of 214 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in New Zealand?
- Over the last ten years it is up 154.5%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.