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.

• 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.

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.

• 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.

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.

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.

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.

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 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: 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: 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.

NZ: Gross Public Debt: Central Government: Debt Securities data was reported at 112,487.000 NZD mn in Mar 2018. This records a decrease from the previous number of 113,018.000 NZD mn for Dec 2017. NZ: Gross Public Debt: Central Government: Debt Securities data is updated quarterly, averaging 98,436.000 NZD mn from Sep 2006 (Median) to Mar 2018, with 47 observations. The data reached an all-time high of 114,080.000 NZD mn in Dec 2016 and a record low of 41,618.000 NZD mn in Jun 2007. NZ: Gross Public Debt: 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.

NZ: Gross Public Debt: USD: Central Government: Short Term: Currency and Deposits data was reported at 4.740 USD bn in Mar 2018. This records a decrease from the previous number of 4.805 USD bn for Dec 2017. NZ: Gross Public Debt: USD: Central Government: Short Term: Currency and Deposits data is updated quarterly, averaging 3.916 USD bn from Jun 2007 (Median) to Mar 2018, with 21 observations. The data reached an all-time high of 4.805 USD bn in Dec 2017 and a record low of 2.612 USD bn in Jun 2009. NZ: Gross Public Debt: USD: Central Government: Short Term: Currency and Deposits 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.

New Zealand NZ: Gross Public Debt: Central Government: Long Term data was reported at 108,181.000 NZD mn in Mar 2018. This records a decrease from the previous number of 116,722.000 NZD mn for Dec 2017. New Zealand NZ: Gross Public Debt: Central Government: Long Term data is updated quarterly, averaging 0.000 NZD mn from Sep 2006 (Median) to Mar 2018, with 47 observations. The data reached an all-time high of 128,474.000 NZD mn in Jun 2016 and a record low of 0.000 NZD mn in Mar 2014. New Zealand NZ: Gross Public Debt: Central Government: Long 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: Central Government.

New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Other Accounts Payable data was reported at 0.268 % in Mar 2018. This records an increase from the previous number of 0.222 % for Dec 2017. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Other Accounts Payable data is updated quarterly, averaging 0.244 % from Jun 2007 (Median) to Mar 2018, with 23 observations. The data reached an all-time high of 0.412 % in Jun 2016 and a record low of 0.083 % in Jun 2009. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Other Accounts Payable 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: Gross Public Debt: USD: Central Government: Currency and Deposits data was reported at 4.740 USD bn in Mar 2018. This records a decrease from the previous number of 4.805 USD bn for Dec 2017. New Zealand NZ: Gross Public Debt: USD: Central Government: Currency and Deposits data is updated quarterly, averaging 3.544 USD bn from Sep 2006 (Median) to Mar 2018, with 45 observations. The data reached an all-time high of 4.805 USD bn in Dec 2017 and a record low of 2.215 USD bn in Sep 2006. New Zealand NZ: Gross Public Debt: USD: Central Government: Currency and Deposits 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.

New Zealand NZ: Gross Public Debt: Central Government: Short Term: Insurance, Pensions and Standardized Guarantee Schemes data was reported at 4,912.000 NZD mn in Mar 2018. This records a decrease from the previous number of 5,817.000 NZD mn for Dec 2017. New Zealand NZ: Gross Public Debt: Central Government: Short Term: Insurance, Pensions and Standardized Guarantee Schemes data is updated quarterly, averaging 7,035.000 NZD mn from Jun 2007 (Median) to Mar 2018, with 23 observations. The data reached an all-time high of 10,840.000 NZD mn in Jun 2013 and a record low of 4,448.000 NZD mn in Jun 2007. New Zealand NZ: Gross Public Debt: Central Government: Short Term: Insurance, Pensions and Standardized Guarantee Schemes 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.

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.

New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term: Insurance, Pensions and Standardized Guarantee Schemes data was reported at 1.715 % in Mar 2018. This records a decrease from the previous number of 2.053 % for Dec 2017. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term: Insurance, Pensions and Standardized Guarantee Schemes data is updated quarterly, averaging 2.837 % from Jun 2007 (Median) to Mar 2018, with 23 observations. The data reached an all-time high of 5.039 % in Jun 2012 and a record low of 1.715 % in Mar 2018. New Zealand NZ: Gross Public Debt: % of GDP: Central Government: Short Term: Insurance, Pensions and Standardized Guarantee Schemes 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.

Prices in New Zealand rose by 1.72 percent in 2020. Central bankers at the Reserve Bank of New Zealand were surely relieved to see the rebound from the dangerously low .29 percent inflation in 2015.

What is inflation?

Inflation is the rise in price levels in an economy. 2 percent inflation means 100 New Zealand dollars will be worth 98 dollars in one year. While the precise inflation target varies, most economists agree that inflation between 2 to 3 percent is optimal for an economy. High inflation can lead to higher unemployment because firms would rather wait and higher workers at the same price using future dollars, making the labor relatively cheaper. However, it affects the trade balance because of the relatively higher purchasing power of foreign currencies.

Other risks of inflation and deflation

Inflation helps a country with higher national debt when the debt is in the local currency, because the country can repay with the future dollars which are relatively cheaper. Deflation, then, helps when debts are in a foreign currency. The main problem with deflation is that investors prefer to hold their money, waiting to invest until it is worth more. This is particularly true of countries like New Zealand, where the lion’s share of employment is in the services sector.

New Zealand NZ: Gross Public Debt: Central Government: Long Term: Over 1 Year: Other Accounts Payable data was reported at 769.000 NZD mn in Mar 2018. This records an increase from the previous number of 630.000 NZD mn for Dec 2017. New Zealand NZ: Gross Public Debt: Central Government: Long Term: Over 1 Year: Other Accounts Payable data is updated quarterly, averaging 680.000 NZD mn from Jun 2007 (Median) to Mar 2018, with 23 observations. The data reached an all-time high of 1,063.000 NZD mn in Jun 2016 and a record low of 157.000 NZD mn in Jun 2009. New Zealand NZ: Gross Public Debt: Central Government: Long Term: Over 1 Year: Other Accounts Payable 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.