Remittance inflows to GDP in New Zealand
New Zealand: Remittance inflows to GDP was 0.1% in 2020. ◆ Volatile
Remittance inflows to GDP in New Zealand, 1972–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
New Zealand recorded 0.1% for remittance inflows to gdp in 2020. That is the lowest value across all 49 years on record.
The figure is down 67.8% on the previous year and down 72.4% over ten years.
Over the whole period, remittance inflows to gdp in New Zealand peaked at 2.9% in 1996 and was at its lowest, 0.1%, in 2020.
That places New Zealand 178th out of 197 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 1972 | 1.1% | — |
| 1973 | 1.2% | +8.4% |
| 1974 | 1.2% | -4.6% |
| 1975 | 1.2% | +5.2% |
| 1976 | 0.9% | -23.5% |
| 1977 | 0.9% | -0.7% |
| 1978 | 0.8% | -9.7% |
| 1979 | 1.0% | +19.2% |
| 1980 | 1.1% | +10.1% |
| 1981 | 1.1% | -3.5% |
| 1982 | 1.2% | +14.6% |
| 1983 | 1.2% | +1.5% |
| 1984 | 1.3% | +2.7% |
| 1985 | 1.0% | -18.3% |
| 1986 | 1.0% | -4.5% |
| 1987 | 0.9% | -5.3% |
| 1988 | 1.1% | +15.9% |
| 1989 | 1.3% | +22.3% |
| 1990 | 1.7% | +25.7% |
| 1991 | 1.5% | -9.0% |
| 1992 | 1.4% | -5.1% |
| 1993 | 1.8% | +23.1% |
| 1994 | 2.1% | +17.2% |
| 1995 | 2.6% | +23.8% |
| 1996 | 2.9% | +12.5% |
| 1997 | 1.5% | -47.4% |
| 1998 | 0.5% | -69.8% |
| 1999 | 0.4% | -5.0% |
| 2000 | 0.4% | -6.6% |
| 2001 | 0.4% | -0.7% |
| 2002 | 0.3% | -14.1% |
| 2003 | 0.3% | -5.7% |
| 2004 | 0.3% | -5.7% |
| 2005 | 0.3% | -1.1% |
| 2006 | 0.3% | -2.2% |
| 2007 | 0.3% | -6.8% |
| 2008 | 0.3% | +13.2% |
| 2009 | 0.3% | -13.8% |
| 2010 | 0.3% | -7.3% |
| 2011 | 0.3% | +7.0% |
| 2012 | 0.3% | -3.1% |
| 2013 | 0.2% | -8.2% |
| 2014 | 0.3% | +10.5% |
| 2015 | 0.3% | +12.3% |
| 2016 | 0.3% | -6.4% |
| 2017 | 0.3% | -6.8% |
| 2018 | 0.2% | -7.9% |
| 2019 | 0.2% | -9.7% |
| 2020 | 0.1% | -67.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.1% | 0.8% | 1.2% | 8 |
| 1980s | 1.1% | 0.9% | 1.3% | 10 |
| 1990s | 1.6% | 0.4% | 2.9% | 10 |
| 2000s | 0.3% | 0.3% | 0.4% | 10 |
| 2010s | 0.3% | 0.2% | 0.3% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Net domestic credit (current LCU), per capita 120,241 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 2.42 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.19 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 18.09 billion SDR (2025)
- Reserves excluding gold 20.56 billion SDR (2025)
- Total reserves (gold at market value) 20.56 billion SDR (2025)
- Total reserves (gold at national valuation) 20.56 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 3,861 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in New Zealand?
- Remittance inflows to gdp in New Zealand was 0.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in New Zealand?
- The highest recorded value was 2.9% in 1996.
- What is the lowest remittance inflows to gdp recorded in New Zealand?
- The lowest recorded value was 0.1% in 2020.
- How does New Zealand rank for remittance inflows to gdp?
- New Zealand ranks 178th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in New Zealand?
- Over the last ten years it is down 72.4%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.