Macro Index Overview / East Asia & Pacific / NZL
New Zealand ยท Year 2023
Country:
Year:
Sovereign Economic Dossier ISO: NZL NZ

New Zealand

Fiscal year end: March 31; reporting period for national accounts data: CY.

East Asia & Pacific High income Blocs: OECD Wellington

Global Rank (2023)

#49 / 205

Top 24% of global economies

Composite Score (2023)

68.5 / 100

Living Standard (2023)

$42,501

Subscore: 83.78 / 100

CPI Inflation (2023)

5.73%

Stability Score: 86.33 / 100

4-Pillar Structural Health Diagnostic (2023)

Harmonized subscores evaluating Output, Productivity, Inflation Stability, and External Buffer

Benchmark Weights: 35 / 25 / 25 / 15
Living Standards (35%) 83.78

Raw: $42,501 (2015 USD)

Price Stability (25%) 86.33

Raw: 5.73% (Anchor: 3.0%)

External Solvency (25%) 29.5

Raw: -6.15% of GDP

Economic Scale (15%) 68.07

Raw: $256.4B Current USD

Optimal Component Weights & Peak Rank Frontier (2023)

Productivity & Living Standards Driven

What we are doing here: We simulate an automated mathematical simplex across all 286 valid permutations of weights for the 4 pillars (summing to 100%) against every competing sovereign country in 2023. This discovers which weighting system maximizes New Zealand's global competitive ranking by accentuating its comparative strengths.

Peak Rank #23 / 205
Default Rank #49
+26 Ranks
Living Standards 65%
Baseline: 35%
Price Stability 30%
Baseline: 25%
External Solvency 0%
Baseline: 25%
Economic Scale 5%
Baseline: 15%

Policy Insight & Strategic Advantage: New Zealand dominates on per capita productivity and high output density per citizen.

Under this bespoke weighting, New Zealand's composite score climbs to 83.8 (compared to 68.5 under standard multilateral weighting).

Longitudinal Trajectory & Peer Comparison Sandbox (1960โ€“2025)

Tracking New Zealand's multi-decade trajectory overlaid with peer benchmark economies in Year 2023

Active Comparisons:
New Zealand (NZL)
India (IND)
China (CHN)
United States (USA)
Germany (DEU)
Observation Year 2023 โ€ข Global Rank: #49 / 205 โ€ข Composite Score: 68.5 / 100 โ€ข Living Standard: $42,501 โ€ข Inflation: 5.73%
#1#50#100#150#20019601970198019902000201020202025#49
Hover or click any node along the curve to inspect that historical year in real time
Primary: New Zealand Peers (Dashed)

Cross-Sectional Benchmark Standing in Year 2023

5 economies compared ยท Ordered by Global Rank
CountryRank (2023)Composite ScoreGDP per CapitaCPI InflationCurrent Account (% GDP)Nominal GDP ($)
Germany (DEU) #1681.1$44,3695.95%5.50%$4562.2B
United States (USA) #1780.0$65,6674.12%-3.34%$27811.5B
China (CHN) #3772.3$12,4840.23%1.41%$18270.4B
New Zealand (NZL) Active#4968.5$42,5015.73%-6.15%$256.4B
India (IND) #9359.5$2,2305.65%-0.91%$3500.9B

Decade-by-Decade Historical Milestones (1970โ€“2023)

Visualizing seminal macroeconomic shifts, shocks, and structural transitions for New Zealand

Metric:
Selected Era: 2023 ยท Click any node to select
100755025065.119701970s53.719801980s68.819901990s70.520002000s72.720102010s74.020202020s68.52023Recent