Since Luxon took office, has the economy grown or shrunk per person?
After inflation, the economy is about $1,400 smaller per person than when National took office under Luxon.
Updated
From $54,496 (Year to Mar 2023) to $53,138 (Year to Mar 2026).
Show the figures
| Period | GDP per person, real (chain-volume) (NZ$) |
|---|---|
| Year to Mar 2026 | $53,138 |
| Year to Mar 2025 | $52,979 |
| Year to Mar 2024 | $54,134 |
| Year to Mar 2023 | $54,496 |
| Year to Mar 2022 | $52,908 |
| Year to Mar 2021 | $50,799 |
| Year to Mar 2020 | $51,694 |
| Year to Mar 2019 | $51,354 |
| Year to Mar 2018 | $50,541 |
| Year to Mar 2017 | $49,904 |
| Year to Mar 2016 | $49,184 |
| Year to Mar 2015 | $48,420 |
| Year to Mar 2014 | $47,478 |
| Year to Mar 2013 | $46,749 |
| Year to Mar 2012 | $45,959 |
| Year to Mar 2011 | $45,301 |
| Year to Mar 2010 | $45,108 |
| Year to Mar 2009 | $45,621 |
| Year to Mar 2008 | $46,483 |
| Year to Mar 2007 | $45,516 |
Government bands: Government term · Labour under Clark · National under Key and English · Labour under Ardern and Hipkins · National under Luxon
High interest rates and a global slowdown.
High interest rates, a global slowdown and population growth affect GDP per person.
The baseline is from before Luxon's National government took office.
Source: Stats NZ Tatauranga Aotearoa.
Check the full data