New Zealand NZ: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at 3.097 % in 2017. This records an increase from the previous number of 1.961 % for 2016. New Zealand NZ: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 1.829 % from Mar 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 6.353 % in 1974 and a record low of -6.997 % in 1992. New Zealand NZ: GDP: Growth: Household Final Consumption Expenditure per Capita 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: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

New Zealand NZ: GDP: % of GDP: Final Consumption Expenditure: Household data was reported at 57.238 % in 2016. This records a decrease from the previous number of 57.460 % for 2015. New Zealand NZ: GDP: % of GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 58.177 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 62.638 % in 1970 and a record low of 56.358 % in 1983. New Zealand NZ: GDP: % of GDP: Final Consumption Expenditure: Household 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: Gross Domestic Product: Share of GDP. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

New Zealand: Household consumption as percent of GDP: The latest value from 2022 is 58.16 percent, an increase from 57.62 percent in 2021. In comparison, the world average is 62.93 percent, based on data from 162 countries. Historically, the average for New Zealand from 1970 to 2022 is 58.49 percent. The minimum value, 56.52 percent, was reached in 2001 while the maximum of 63.87 percent was recorded in 1970.

New Zealand NZ: GDP: Growth: Final Consumption Expenditure: Household data was reported at 5.284 % in 2017. This records an increase from the previous number of 3.906 % for 2016. New Zealand NZ: GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 2.928 % from Mar 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 8.455 % in 1974 and a record low of -3.270 % in 1977. New Zealand NZ: GDP: Growth: Final Consumption Expenditure: Household 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: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Household debt to GDP, in percent in New Zealand, September, 2024 The most recent value is 89.9 percent as of September 2024, an increase compared to the previous value of 89.5 percent. Historically, the average for New Zealand from December 1990 to September 2024 is 74.17 percent. The minimum of 27.9 percent was recorded in December 1990, while the maximum of 98.5 percent was reached in March 2021. | TheGlobalEconomy.com

Households Debt in New Zealand increased to 169 percent of gross income in 2024 from 168 percent in 2024. This dataset provides - New Zealand Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand NZ: GDP: Final Consumption Expenditure: Household data was reported at 155,639.000 NZD mn in 2017. This records an increase from the previous number of 146,353.000 NZD mn for 2016. New Zealand NZ: GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 48,424.000 NZD mn from Mar 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 155,639.000 NZD mn in 2017 and a record low of 3,704.498 NZD mn in 1971. New Zealand NZ: GDP: Final Consumption Expenditure: Household 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: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Households Debt in New Zealand increased to 90 percent of GDP in the fourth quarter of 2024 from 89.80 percent of GDP in the third quarter of 2024. This dataset provides - New Zealand Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand NZ: GDP: Real: Final Consumption Expenditure: Household data was reported at 146,122.071 NZD mn in 2017. This records an increase from the previous number of 138,788.785 NZD mn for 2016. New Zealand NZ: GDP: Real: Final Consumption Expenditure: Household data is updated yearly, averaging 66,046.410 NZD mn from Mar 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 146,122.071 NZD mn in 2017 and a record low of 46,704.225 NZD mn in 1971. New Zealand NZ: GDP: Real: Final Consumption Expenditure: Household 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: Gross Domestic Product: Real. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

New Zealand NZ: GDP: USD: Final Consumption Expenditure: Household data was reported at 108.344 USD bn in 2017. This records an increase from the previous number of 102.061 USD bn for 2016. New Zealand NZ: GDP: USD: Final Consumption Expenditure: Household data is updated yearly, averaging 27.397 USD bn from Mar 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 115.949 USD bn in 2015 and a record low of 4.149 USD bn in 1971. New Zealand NZ: GDP: USD: Final Consumption Expenditure: Household 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: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

New Zealand NZ: GDP: Household Consumption Expenditure including NPISHs data was reported at 43,561.000 NZD mn in Dec 2017. This records an increase from the previous number of 40,717.000 NZD mn for Sep 2017. New Zealand NZ: GDP: Household Consumption Expenditure including NPISHs data is updated quarterly, averaging 19,415.000 NZD mn from Jun 1987 (Median) to Dec 2017, with 123 observations. The data reached an all-time high of 43,561.000 NZD mn in Dec 2017 and a record low of 9,117.000 NZD mn in Jun 1987. New Zealand NZ: GDP: Household Consumption Expenditure including NPISHs data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s New Zealand – Table NZ.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

New Zealand NZ: GDP: 2010 Price: USD: Household Final Consumption Expenditure per Capita data was reported at 22,434.133 USD in 2017. This records an increase from the previous number of 21,760.318 USD for 2016. New Zealand NZ: GDP: 2010 Price: USD: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 14,053.867 USD from Mar 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 22,434.133 USD in 2017 and a record low of 11,848.107 USD in 1972. New Zealand NZ: GDP: 2010 Price: USD: Household Final Consumption Expenditure per Capita 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: Gross Domestic Product: Real. Household final consumption expenditure per capita (private consumption per capita) is calculated using private consumption in constant 2010 prices and World Bank population estimates. Household final consumption expenditure is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Key information about New Zealand Household Debt

• New Zealand Household Debt reached 218.5 USD bn in Jan 2025, compared with the reported number of 215.0 USD bn in the previous month
• New Zealand Household Debt: USD mn data is updated monthly, available from Dec 1990 to Jan 2025
• The data reached an all-time high of 243.5 USD bn in Oct 2021 and a record low of 12.5 USD bn in Dec 1990

CEIC converts monthly Household Debt into USD. The Reserve Bank of New Zealand provides Household Debt in local currency. Federal Reserve Bank period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household debts includes Housing and Personal Consumer Loans.


Further information about New Zealand Household Debt

• In the latest reports, New Zealand Household Debt accounted for 89.9 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in New Zealand increased 242.0 USD bn YoY in Jan 2025
• New Zealand Foreign Exchange Reserves was measured at 23.5 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 6.2 Months of Import in Jan 2025
• New Zealand Domestic Credit reached 344.1 USD bn in Jan 2025, representing an increased of 2.0 % YoY

NZ: GDP: Annual Rates: Household Consumption Expenditure including NPISHs data was reported at 42,803.000 NZD mn in Dec 2017. This records an increase from the previous number of 39,964.000 NZD mn for Sep 2017. NZ: GDP: Annual Rates: Household Consumption Expenditure including NPISHs data is updated quarterly, averaging 18,970.000 NZD mn from Jun 1987 (Median) to Dec 2017, with 123 observations. The data reached an all-time high of 42,803.000 NZD mn in Dec 2017 and a record low of 8,967.000 NZD mn in Jun 1987. NZ: GDP: Annual Rates: Household Consumption Expenditure including NPISHs data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s New Zealand – Table NZ.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

New Zealand NZ: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 226,310.000 NZD mn in 2022. This records an increase from the previous number of 206,614.000 NZD mn for 2021. New Zealand NZ: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 100,218.000 NZD mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 226,310.000 NZD mn in 2022 and a record low of 45,655.000 NZD mn in 1991. New Zealand NZ: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series 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: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

New Zealand NZ: GDP: PPP: Household Final Consumption Expenditure data was reported at 94,956.777 Intl $ mn in 2016. This records an increase from the previous number of 89,628.150 Intl $ mn for 2015. New Zealand NZ: GDP: PPP: Household Final Consumption Expenditure data is updated yearly, averaging 52,406.041 Intl $ mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 94,956.777 Intl $ mn in 2016 and a record low of 29,362.992 Intl $ mn in 1990. New Zealand NZ: GDP: PPP: Household Final Consumption Expenditure 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: Gross Domestic Product: Purchasing Power Parity. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to current international dollars using purchasing power parity rates based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Gap-filled total;

New Zealand NZ: GDP: 2010 Price: USD: Final Consumption Expenditure: Household data was reported at 105.288 USD bn in 2017. This records an increase from the previous number of 100.004 USD bn for 2016. New Zealand NZ: GDP: 2010 Price: USD: Final Consumption Expenditure: Household data is updated yearly, averaging 47.590 USD bn from Mar 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 105.288 USD bn in 2017 and a record low of 33.653 USD bn in 1971. New Zealand NZ: GDP: 2010 Price: USD: Final Consumption Expenditure: Household 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: Gross Domestic Product: Real. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

New Zealand GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data was reported at 136,310.661 Intl $ mn in 2022. This records an increase from the previous number of 132,671.519 Intl $ mn for 2021. New Zealand GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 83,086.190 Intl $ mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 136,310.661 Intl $ mn in 2022 and a record low of 47,861.445 Intl $ mn in 1991. New Zealand GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs 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: Gross Domestic Product: Purchasing Power Parity. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to constant 2021 international dollars using purchasing power parity rates.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

New Zealand NZ: GDP: PPP: 2017 Price: Final Consumption Expenditure: Households and NPISHs data was reported at 122,593.449 Intl $ mn in 2022. This records an increase from the previous number of 119,376.235 Intl $ mn for 2021. New Zealand NZ: GDP: PPP: 2017 Price: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 75,167.528 Intl $ mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 122,593.449 Intl $ mn in 2022 and a record low of 43,301.324 Intl $ mn in 1991. New Zealand NZ: GDP: PPP: 2017 Price: Final Consumption Expenditure: Households and NPISHs 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: Gross Domestic Product: Purchasing Power Parity. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to constant 2017 international dollars using purchasing power parity rates.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;