In 2022, total value added for New Zealand was 286,683 million LCU. Between 1973 and 2022, total value added of New Zealand grew substantially from 92,963 million to 286,683 million LCU rising at an increasing annual rate that reached a maximum of 8.41% in 1974 and then decreased to 3.00% in 2022.
The description is composed by our digital data assistant.Gross value added is the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the SNA are generated and is therefore carried forward into the primary distribution of income account.
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