New Zealand - Customs and other import duties (current LCU)

The value for Customs and other import duties (current LCU) in New Zealand was 2,813,740,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 2,813,740,000 in 2019 and a minimum value of 88,000,000 in 1972.

Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1972 88,000,000
1973 120,000,000
1974 142,000,000
1975 125,000,000
1976 147,000,000
1977 150,000,000
1978 166,000,000
1979 212,000,000
1980 231,000,000
1981 338,000,000
1982 356,000,000
1983 444,000,000
1984 624,000,000
1985 556,000,000
1986 736,000,000
1987 912,000,000
1988 536,000,000
2001 647,800,000
2002 665,738,000
2003 749,804,000
2004 720,300,000
2005 946,719,000
2006 1,083,000,000
2007 1,836,000,000
2008 1,869,152,000
2009 1,879,810,000
2010 1,873,110,000
2011 1,916,350,000
2012 2,037,640,000
2013 2,055,950,000
2014 2,159,790,000
2015 2,391,140,000
2016 2,441,590,000
2017 2,549,530,000
2018 2,737,900,000
2019 2,813,740,000

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance