Key information about New Zealand National Government Debt

• New Zealand National Government Debt reached 123.7 USD bn in Sep 2025, compared with 124.1 USD bn in the previous quarter.
• New Zealand National Government Debt data is updated quarterly, available from Dec 2006 to Sep 2025.
• The data reached an all-time high of 124.1 USD bn in Jun 2025 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 1.2 % of its Nominal GDP in Jun 2025.
• The country's Government debt accounted for 46.7 % of its Nominal GDP in Jun 2025.
• New Zealand Nominal GDP reached 65.7 USD bn in Jun 2025.

The national debt of New Zealand stood at ************** U.S. dollars in 2024. Between 1985 and 2024, the national debt rose by ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by ************ 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 46.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 47.7 % in the previous quarter.
• New Zealand government debt to GDP ratio data is updated quarterly, available from Dec 2006 to Jun 2025.
• The data reached an all-time high of 47.7 % in Mar 2025 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 123.7 USD bn in Sep 2025.
• The country's Nominal GDP reached 65.7 USD bn in Jun 2025.

In 2024, the ratio of national debt to gross domestic product (GDP) of New Zealand was 50.24 percent. Between 1985 and 2024, the figure dropped by 13.89 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by 2.76 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 Outstanding Total International Debt Securities to GDP for New Zealand (DDDM07NZA156NWDB) from 1980 to 2020 about New Zealand, issues, debt, and GDP.

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

• New Zealand Private Debt accounted for 135.36 % of its Nominal GDP in Jun 2025, compared with a ratio of 135.62 % in the previous quarter
• New Zealand Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1988 to Jun 2025, with an average share of 141.31 %
• 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.

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

Actual value and historical data chart for New Zealand Interest Payments Percent Of Revenue

Actual value and historical data chart for New Zealand Central Government Debt Total Percent Of GDP

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.; ;

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;

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 November of 2025.

View yearly updates and historical trends for New Zealand Central Government Debt. Source: World Bank. Track economic data with YCharts analytics.

New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Debt Securities data was reported at 39.363 % in Jun 2018. This records an increase from the previous number of 39.344 % for Mar 2018. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Debt Securities data is updated quarterly, averaging 40.802 % from Sep 2006 (Median) to Jun 2018, with 48 observations. The data reached an all-time high of 47.949 % in Mar 2013 and a record low of 23.708 % in Jun 2007. New Zealand NZ: Gross Public Debt: % of GDP: 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: % of GDP: Central Government.

This bar chart displays central government debt (% of GDP) by currency 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 horizontal bar chart displays central government debt (% of GDP) by demonym 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 horizontal bar chart displays central government debt (% of GDP) by date 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.