Key information about New Zealand National Government Debt

• New Zealand National Government Debt reached 111.4 USD bn in Dec 2024, compared with 118.8 USD bn in the previous quarter.
• New Zealand National Government Debt data is updated quarterly, available from Dec 2006 to Dec 2024.
• The data reached an all-time high of 118.8 USD bn in Sep 2024 and a record low of 21.4 USD bn in Sep 2008.

CEIC converts quarterly Government Debt into USD. The Treasury provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Sovereign Guaranteed Debt only.


Related information about New Zealand National Government Debt

• In the latest reports, New Zealand Consolidated Fiscal Balance recorded a deficit equal to 1.0 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 44.3 % of its Nominal GDP in Sep 2024.
• New Zealand Nominal GDP reached 62.0 USD bn in Mar 2023.

The national debt of New Zealand was estimated at about ************** U.S. dollars in 2024. Between 1985 and 2024, the national debt rose by approximately ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around ************* U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

New Zealand recorded a Government Debt to GDP of 45.20 percent of the country's Gross Domestic Product in 2024. This dataset provides - New Zealand Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about New Zealand Government Debt: % of GDP

• New Zealand Government debt accounted for 44.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 41.9 % in the previous quarter.
• New Zealand government debt to GDP ratio data is updated quarterly, available from Dec 2006 to Sep 2024.
• The data reached an all-time high of 44.3 % in Sep 2024 and a record low of 16.6 % in Jun 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Treasury provides Government Debt in local currency. Stats NZ provides Nominal GDP in local currency.


Related information about New Zealand Government Debt: % of GDP

• In the latest reports, New Zealand National Government Debt reached 111.4 USD bn in Dec 2024.
• The country's Nominal GDP reached 62.0 USD bn in Mar 2023.

In 2024, the ratio of national debt to gross domestic product (GDP) of New Zealand was estimated at about 51.15 percent. Between 1985 and 2024, the figure dropped by approximately 12.98 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by around 3.66 percentage points, showing an overall upward trend with periodic ups and downs.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Government Debt in New Zealand increased to 175464 NZD Million in 2024 from 155273 NZD Million in 2023. This dataset provides - New Zealand Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Central government debt, total (% of GDP) for New Zealand (DEBTTLNZA188A) from 2002 to 2022 about New Zealand, debt, government, and GDP.

Central government debt, total (% of GDP) in New Zealand was reported at 53.96 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

New Zealand: Government debt as percent of GDP: The latest value from 2023 is 34.3 percent, an increase from 33.1 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for New Zealand from 1972 to 2023 is 40.98 percent. The minimum value, 16.6 percent, was reached in 2008 while the maximum of 73.29 percent was recorded in 1987.

New Zealand NZ: Central Government Debt: Total: % of GDP data was reported at 42.101 % in 2017. This records a decrease from the previous number of 43.396 % for 2016. New Zealand NZ: Central Government Debt: Total: % of GDP data is updated yearly, averaging 43.396 % from Mar 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 51.834 % in 2013 and a record low of 31.959 % in 2010. New Zealand NZ: Central Government Debt: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank.WDI: Government Revenue, Expenditure and Finance. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

Key information about New Zealand Private Debt: % of Nominal GDP

• New Zealand Private Debt accounted for 136.01 % of its Nominal GDP in Sep 2024, compared with a ratio of 135.21 % in the previous quarter
• New Zealand Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1988 to Sep 2024, with an average share of 135.21 %
• The data reached an all-time high of 157.39 % in Sep 2009 and a record low of 64.97 % in Mar 1989

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Reserve Bank of New Zealand provides Private Debt in local currency based on MFSM 2016. Stats NZ provides Nominal GDP in local currency. Private Debt as % of Nominal GDP prior to Q4 2016 is calculated from Private Debt based on Standard Statistical Return.

Interest payments (% of revenue) in New Zealand was reported at 3.1684 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Interest payments (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

New Zealand NZ: Gross Public Debt: USD: Central Government: Debt Securities data was reported at 81.025 USD bn in Mar 2018. This records an increase from the previous number of 80.211 USD bn for Dec 2017. New Zealand NZ: Gross Public Debt: USD: Central Government: Debt Securities data is updated quarterly, averaging 73.314 USD bn from Sep 2006 (Median) to Mar 2018, with 45 observations. The data reached an all-time high of 89.438 USD bn in Jun 2014 and a record low of 28.029 USD bn in Sep 2006. New Zealand NZ: Gross Public Debt: USD: Central Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank: QPSD: Gross Public Debt: Central Government.

Central government debt, total (current LCU) in New Zealand was reported at 212342931000 LCU in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Central government debt, total (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

New Zealand NZ: Central Government Debt: Total data was reported at 114,479.465 NZD mn in 2017. This records an increase from the previous number of 110,530.258 NZD mn for 2016. New Zealand NZ: Central Government Debt: Total data is updated yearly, averaging 71,969.027 NZD mn from Mar 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 114,479.465 NZD mn in 2017 and a record low of 44,307.444 NZD mn in 2003. New Zealand NZ: Central Government Debt: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank.WDI: Government Revenue, Expenditure and Finance. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

This line chart displays central government debt (% of GDP) by date using the aggregation average, weighted by gdp in New Zealand. The data is about countries per year.

This bar chart displays central government debt (% of GDP) by country using the aggregation average, weighted by gdp in New Zealand. The data is filtered where the date is 2021. The data is about countries per year.

Historical dataset showing New Zealand national debt by year from 2002 to 2022.

This horizontal bar chart displays central government debt (% of GDP) by region using the aggregation average, weighted by gdp in New Zealand. The data is filtered where the date is 2021. The data is about countries per year.

This scatter chart displays central government debt (% of GDP) against expense (% of GDP) in New Zealand. The data is filtered where the date is 2021. The data is about countries per year.