Arable land (hectares) for New Zealand

Indicator Definition:
Arable land (in hectares) includes land defined by the FAO as land under temporary crops (double-cropped areas are counted once), temporary meadows for mowing or for pasture, land under market or kitchen gardens, and land temporarily fallow. Land abandoned as a result of shifting cultivation is excluded.

The indicator "Arable land (hectares)" stands at 520.00 Thousand as of 12/31/2023, the lowest value since 12/31/2019.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -2.44 percent compared to the value the year prior.
The 1 year change in percent is -2.44.
The 3 year change in percent is -1.33.
The 5 year change in percent is 0.2893.
The 10 year change in percent is -4.94.

The Serie's long term average value is 429.88 Thousand. It's latest available value, on 12/31/2023, is 20.96 percent higher, compared to it's long term average value.
The Serie's change in percent from it's minimum value, on 12/31/1974, to it's latest available value, on 12/31/2023, is +41.50%.
The Serie's change in percent from it's maximum value, on 12/31/2021, to it's latest available value, on 12/31/2023, is -15.58%.