Key information about New Zealand Government Debt: % of GDP

• New Zealand Government debt accounted for 49.4 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 48.5 % in the previous quarter.
• New Zealand government debt to GDP ratio data is updated quarterly, available from Dec 2006 to Dec 2025.
• The data reached an all-time high of 49.4 % in Dec 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 126.4 USD bn in Dec 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.

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.

Graph and download economic data for Central government debt, total (% of GDP) for New Zealand (DEBTTLNZA188A) from 2002 to 2023 about New Zealand, debt, government, and GDP.

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

• New Zealand Private Debt accounted for 136.73 % of its Nominal GDP in Sep 2025, compared with a ratio of 135.77 % in the previous quarter
• New Zealand Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1988 to Sep 2025, with an average share of 142.91 %
• The data reached an all-time high of 157.41 % 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.

Key information about New Zealand External Debt: % of GDP

• New Zealand External Debt accounted for 98.2 % of the country's Nominal GDP in 2025, compared with the ratio of 94.6 % in the previous year.
• New Zealand External Debt: % of Nominal GDP data is updated yearly, available from Dec 1993 to Dec 2025.
• The data reached an all-time high of 123.3 % in Dec 2008 and a record low of 76.9 % in Dec 1994.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and quarterly Nominal GDP. Stats NZ provides External Debt in local currency based on BPM6 and Nominal GDP in local currency based on SNA 2008. External Debt as % of Nominal GDP prior to 2000 is calculated from External Debt based on BPM5 and Nominal GDP based on SNA 1993.


Related information about New Zealand External Debt: % of GDP

• In the latest reports of New Zealand, Current Account recorded a deficit of 2.0 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 1.4 USD bn in Dec 2025.
• New Zealand Direct Investment Abroad expanded by 1.5 USD bn in Dec 2025.
• Its Foreign Portfolio Investment increased by 3.8 USD bn in Dec 2025.
• The country's External Debt reached 251,404.9 in Dec 2025.
• The country's Nominal GDP was reported at 65.7 USD bn in Jun 2025.

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.

Households Debt in New Zealand increased to 90.60 percent of GDP in the third quarter of 2025 from 90.50 percent of GDP in the second quarter of 2025. This dataset provides - New Zealand Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 1.0 % of its Nominal GDP in Sep 2025.
• The country's Government debt accounted for 48.5 % of its Nominal GDP in Sep 2025.
• New Zealand Nominal GDP reached 65.7 USD bn in Jun 2025.

Monthly and long-term New Zealand External Debt (% of GDP) data: historical series and analyst forecasts curated by FocusEconomics.

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 March of 2026.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for New Zealand (DDDM05NZA156NWDB) from 1980 to 2020 about New Zealand, debt, securities, private, and GDP.

Household debt to GDP, in percent in New Zealand, June, 2025 The most recent value is 90.2 percent as of June 2025, an increase compared to the previous value of 90 percent. Historically, the average for New Zealand from March 2000 to June 2025 is 85.46 percent. The minimum of 61.2 percent was recorded in March 2000, while the maximum of 98.5 percent was reached in March 2021. | TheGlobalEconomy.com

New Zealand: Government debt as percent of GDP: The latest value from 2024 is 50.24 percent, an increase from 46.92 percent in 2023. In comparison, the world average is 61.97 percent, based on data from 182 countries. Historically, the average for New Zealand from 1990 to 2024 is 35.72 percent. The minimum value, 16.31 percent, was reached in 2007 while the maximum of 58.68 percent was recorded in 1992.

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.

New Zealand: External debt, percent of GDP: The latest value from 2024 is 88.27 percent, a decline from 88.96 percent in 2023. In comparison, the world average is 132.26 percent, based on data from 119 countries. Historically, the average for New Zealand from 2011 to 2024 is 95.97 percent. The minimum value, 83.65 percent, was reached in 2022 while the maximum of 114.18 percent was recorded in 2012.

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 March of 2026.

Key information about New Zealand External Debt: Short Term: % of GDP

• New Zealand External Debt: Short Term accounted for 33.5 % of the country's Nominal GDP in 2024, compared with the ratio of 29.3 % in the previous year.
• New Zealand External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2000 to 2024.
• The data reached an all-time high of 66.7 % in 2007 and a record low of 29.3 % in 2023.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and quarterly Nominal GDP. Short Term External Debt is calculated as the sum of the International Investment Position Short Term Debt Non Equity Financial Instruments breakdowns. Stats NZ provides Short Term External Debt in local currency and Nominal GDP in local currency.


Related information about New Zealand External Debt: Short Term: % of GDP

• In the latest reports of New Zealand, Current Account recorded a deficit of 2.0 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 1.4 USD bn in Dec 2025.
• New Zealand Direct Investment Abroad expanded by 1.5 USD bn in Dec 2025.
• Its Foreign Portfolio Investment increased by 3.8 USD bn in Dec 2025.
• New Zealand External Debt: Short Term value stood at 82.2 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 65.7 USD bn in Jun 2025.

Households Debt in New Zealand increased to 166 percent of gross income in 2025 from 165 percent in 2025. This dataset provides - New Zealand Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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