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.

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.

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.

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.

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.

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 July of 2025.

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;

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.

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 Outstanding International Public Debt Securities to GDP for New Zealand (DDDM06NZA156NWDB) from 1980 to 2020 about New Zealand, public, debt, securities, and GDP.

New Zealand debt to gdp ratio for 2022 was 54.57%, a 3.2% increase from 2021.

<ul style='margin-top:20px;'>

<li>New Zealand debt to gdp ratio for 2021 was <strong>51.37%</strong>, a <strong>5.25% increase</strong> from 2020.</li>
<li>New Zealand debt to gdp ratio for 2020 was <strong>46.12%</strong>, a <strong>13.33% increase</strong> from 2019.</li>
<li>New Zealand debt to gdp ratio for 2019 was <strong>32.79%</strong>, a <strong>3.84% decline</strong> from 2018.</li>
</ul>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.

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.

New Zealand NZ: General Government: Gross Debt: % of GDP data was reported at 23.180 % in 2023. This records a decrease from the previous number of 26.357 % for 2022. New Zealand NZ: General Government: Gross Debt: % of GDP data is updated yearly, averaging 31.026 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 58.666 % in 1992 and a record low of 16.299 % in 2007. New Zealand NZ: General Government: Gross Debt: % of GDP 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.FM: Government Finance Statistics.

Outstanding international public debt securities to GDP (%) in New Zealand was reported at 2.2405 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Outstanding international public debt securities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term: Debt Securities data was reported at 16.410 % in Jun 2018. This records a decrease from the previous number of 19.035 % for Mar 2018. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term: Debt Securities data is updated quarterly, averaging 15.493 % from Jun 2007 (Median) to Jun 2018, with 24 observations. The data reached an all-time high of 20.080 % in Jun 2012 and a record low of 11.378 % in Jun 2007. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term: 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: % of GDP: Central Government.

New Zealand NZ: General Government: Net Debt: % of GDP data was reported at 4.987 % in 2023. This records a decrease from the previous number of 8.115 % for 2022. New Zealand NZ: General Government: Net Debt: % of GDP data is updated yearly, averaging 10.963 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 70.989 % in 1992 and a record low of -2.179 % in 2008. New Zealand NZ: General Government: Net Debt: % of GDP 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.FM: Government Finance Statistics.

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

New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term data was reported at 27.266 % in Mar 2018. This records an increase from the previous number of 24.634 % for Dec 2017. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term data is updated quarterly, averaging 0.000 % from Sep 2006 (Median) to Mar 2018, with 47 observations. The data reached an all-time high of 32.447 % in Jun 2012 and a record low of 0.000 % in Mar 2014. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term 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: % of GDP: Central Government.

This dataset published by the Treasury contains historical fiscal data, including debt, fiscal balance, tax and spending.