New Zealand Government Debt: % of GDP
2006 - 2024 | Quarterly | % | CEIC Data
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.
View New Zealand's Government Debt: % of GDP from Dec 2006 to Sep 2024 in the chart:
What was New Zealand's Government Debt: % of GDP in Sep 2024?
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. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 44.3 Sep 2024 | 41.9 Jun 2024 | 16.6 Jun 2008 | 44.3 Sep 2024 | % | quarterly | Dec 2006 - Sep 2024 |
Government Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 52.6 Sep 2024 | quarterly | Sep 2010 - Sep 2024 |
| Algeria (%) | 48.9 2023 | yearly | 1997 - 2023 |
| Argentina (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
| Armenia (%) | 50.3 Dec 2024 | quarterly | Dec 2013 - Dec 2024 |
| Australia (%) | 38.0 2023 | yearly | 1999 - 2023 |
| Austria (%) | 83.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Azerbaijan (%) | 16.8 2021 | yearly | 2008 - 2021 |
| Bahrain (%) | 90.7 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Bangladesh (%) | 26.6 2024 | yearly | 2010 - 2024 |
| Belarus (%) | 35.9 Mar 2022 | quarterly | Dec 2003 - Mar 2022 |
| Belgium (%) | 105.6 Sep 2024 | quarterly | Dec 1980 - Sep 2024 |
| Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (%) | 19.1 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 23.3 Sep 2024 | quarterly | Jun 2014 - Sep 2024 |
| Brazil (%) | 76.1 Dec 2024 | quarterly | Dec 2006 - Dec 2024 |
| Bulgaria (%) | 22.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Cambodia (%) | 25.3 2022 | yearly | 2013 - 2022 |
| Canada (%) | 69.4 2024 | yearly | 1962 - 2024 |
| Chile (%) | 44.0 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| China (%) | 25.6 Dec 2024 | quarterly | Mar 2014 - Dec 2024 |
| Colombia (%) | 61.8 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Croatia (%) | 59.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Cyprus (%) | 65.4 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Czech Republic (%) | 43.7 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Denmark (%) | 33.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Ecuador (%) | 67.4 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 |
| Estonia (%) | 23.9 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| European Union (%) | 81.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Finland (%) | 82.1 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| France (%) | 110.6 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Georgia (%) | 37.2 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Germany (%) | 62.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Ghana (%) | 72.3 2023 | yearly | 2006 - 2023 |
| Greece (%) | 158.3 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Hong Kong SAR, China (%) | 49.1 2024 | yearly | 2003 - 2024 |
| Hungary (%) | 73.6 Dec 2024 | quarterly | Dec 1990 - Dec 2024 |
| Iceland (%) | 63.9 2023 | yearly | 1998 - 2023 |
| India (%) | 57.2 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Indonesia (%) | 39.2 Dec 2024 | quarterly | Jun 2015 - Dec 2024 |
| Iran (%) | 7.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Ireland (%) | 42.1 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Israel (%) | 60.3 2023 | yearly | 1995 - 2023 |
| Italy (%) | 135.3 Dec 2024 | quarterly | Dec 1995 - Dec 2024 |
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
| Japan (%) | 216.2 Dec 2024 | quarterly | Dec 1994 - Dec 2024 |
| Jordan (%) | 91.2 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Kazakhstan (%) | 21.7 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Kenya (%) | 67.6 Sep 2024 | quarterly | Dec 2009 - Sep 2024 |
| South Korea (%) | 45.7 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Kosovo (%) | 19.9 2022 | yearly | 2009 - 2022 |
| Kuwait (%) | 0.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Kyrgyzstan (%) | 40.5 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Latvia (%) | 47.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Lebanon (%) | 150.6 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 38.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Luxembourg (%) | 26.6 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
| North Macedonia (%) | 53.8 Dec 2024 | quarterly | Dec 2009 - Dec 2024 |
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Malaysia (%) | 64.6 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Malta (%) | 45.3 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Mauritius (%) | 77.0 Dec 2024 | quarterly | Jun 2003 - Dec 2024 |
| Mexico (%) | 47.7 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Moldova (%) | 37.8 Dec 2024 | quarterly | Mar 2007 - Dec 2024 |
| Mongolia (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 |
| Montenegro (%) | 59.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Morocco (%) | 71.5 2022 | yearly | 1994 - 2022 |
| Nepal (%) | 39.9 2021 | yearly | 1990 - 2021 |
| Netherlands (%) | 43.2 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| New Zealand (%) | 44.3 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Nigeria (%) | 53.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Norway (%) | 55.1 2024 | yearly | 1995 - 2024 |
| Oman (%) | 37.5 2023 | yearly | 1990 - 2023 |
| Pakistan (%) | 65.2 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | 116.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Panama (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Paraguay (%) | 36.6 Sep 2024 | quarterly | Dec 2014 - Sep 2024 |
| Peru (%) | 32.7 Dec 2024 | quarterly | Mar 1999 - Dec 2024 |
| Philippines (%) | 60.7 Dec 2024 | quarterly | Mar 1993 - Dec 2024 |
| Poland (%) | 53.5 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Portugal (%) | 95.0 Dec 2024 | quarterly | Dec 1995 - Dec 2024 |
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
| Romania (%) | 53.1 Sep 2024 | quarterly | Dec 2011 - Sep 2024 |
| Russia (%) | 14.6 Mar 2024 | quarterly | Dec 2011 - Mar 2024 |
| Saudi Arabia (%) | 29.9 Dec 2024 | quarterly | Dec 2016 - Dec 2024 |
| Serbia (%) | 47.2 Dec 2024 | quarterly | Sep 2004 - Dec 2024 |
| Singapore (%) | 173.1 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Slovakia (%) | 60.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Slovenia (%) | 66.7 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| South Africa (%) | 75.1 Sep 2024 | quarterly | Dec 1960 - Sep 2024 |
| Spain (%) | 104.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Sri Lanka (%) | 96.9 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
| Sweden (%) | 32.1 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Switzerland (%) | 23.3 2028 | yearly | 1990 - 2028 |
| Taiwan (%) | 29.0 2023 | yearly | 1996 - 2023 |
| Tajikistan (%) | 36.3 2021 | yearly | 1999 - 2021 |
| Thailand (%) | 56.6 Dec 2024 | quarterly | Dec 1997 - Dec 2024 |
| Tunisia (%) | 79.8 2024 | yearly | 2016 - 2024 |
| Turkey (%) | 25.6 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| Ukraine (%) | 79.4 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.0 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -151.235 Dec 2024 | quarterly | Mar 1999 - Dec 2024 |
| Tax Revenue (USD mn) | 80,859.209 2024 | yearly | 1999 - 2024 |
| Tax Revenue: % of GDP (%) | 30.2 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 111,415.6 Dec 2024 | quarterly | Dec 2006 - Dec 2024 |
| Government Debt: % of GDP (%) | 44.3 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Forecast: Government Expenditure (NZD bn) | 194.423 2029 | yearly | 1985 - 2029 |
| Forecast: Government Net Debt (NZD bn) | 236.804 2029 | yearly | 1985 - 2029 |
| Forecast: Government Revenue (NZD bn) | 195.599 2029 | yearly | 1985 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.471 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | -273.5 Jan 2025 | monthly | Jan 1960 - Jan 2025 |
| Total Exports (USD mn) | 3,486.6 Jan 2025 | monthly | Jan 1957 - Jan 2025 |
| Total Exports Growth (%) | 28.3 Jan 2025 | monthly | Jan 1952 - Jan 2025 |
| Aluminum: Exports (USD th) | 796,821.124 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 133,163.766 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 279,372.038 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 3,760.2 Jan 2025 | monthly | Jan 1960 - Jan 2025 |
| Total Imports Growth (%) | 13.4 Jan 2025 | monthly | Jan 1961 - Jan 2025 |
| Imports: Medicament (USD th) | 1,071,353.476 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 469,470.056 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 419.218 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Total Imports from USA (USD mn) | 415.389 Jan 2025 | monthly | Jan 1981 - Jan 2025 |
| Total Exports to China (USD mn) | 1,049.425 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Total Imports from China (USD mn) | 790.477 Jan 2025 | monthly | Jul 1982 - Jan 2025 |
| Term Trade Index (Jun2002=1000) | 1,476.000 Dec 2024 | quarterly | Mar 1957 - Dec 2024 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 38.565 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 568.228 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 236.566 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 339.821 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,121.955 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: Australia (NZD mn) | 670.162 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Exports: fob: China (NZD mn) | 1,782.288 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: United Kingdom (NZD mn) | 132.621 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: United States (NZD mn) | 744.218 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: Japan (NZD mn) | 262.997 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: Australia: sa (NZD mn) | 805.745 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: China: sa (NZD mn) | 1,862.996 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,471.000 Dec 2024 | quarterly | Mar 1951 - Dec 2024 |
| Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,435.000 Dec 2024 | quarterly | Jun 1990 - Dec 2024 |
| Import Volume Index: sa (Jun2002=1000) | 2,606.000 Dec 2024 | quarterly | Jun 1990 - Dec 2024 |
| Import Volume Index (Jun2002=1000) | 2,725.000 Dec 2024 | quarterly | Mar 1949 - Dec 2024 |
| Export Value Index (2015=100) | 130.280 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 136.389 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 89.9 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
| Money Supply M1 (USD mn) | 67,705.960 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Money Supply M2 (USD mn) | 242,023.033 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| M2 Growth (%) | 4.6 Jan 2025 | monthly | Mar 1989 - Jan 2025 |
| Foreign Exchange Reserves (USD mn) | 23,546.0 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 6.453 Sep 2024 | quarterly | Sep 2005 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 6.2 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Gold Reserves (USD mn) | 0.000 Jan 2025 | monthly | Dec 1950 - Jan 2025 |
| Total Deposits (USD mn) | 265,858.106 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Total Deposits Growth (%) | 5.2 Jan 2025 | monthly | Dec 2017 - Jan 2025 |
| Domestic Credit (USD mn) | 344,109.9 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| Domestic Credit Growth (%) | 2.0 Jan 2025 | monthly | Mar 1989 - Jan 2025 |
| Credit to Households (USD bn) | 241.021 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 427.961 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Household Debt (USD mn) | 218,452.7 Jan 2025 | monthly | Dec 1990 - Jan 2025 |
| Total Loans (USD mn) | 326,720.523 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Total Loans Growth (%) | 3.34 Jan 2025 | monthly | Dec 2017 - Jan 2025 |
| Private Debt: % of Nominal GDP (%) | 136.01 Sep 2024 | quarterly | Mar 1988 - Sep 2024 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 426,999.000 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 119,453.000 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Depository Corp: Domestic Credit (NZD mn) | 607,110.000 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| Official Reserve Assets (NZD mn) | 47,313.777 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 33,868.526 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
| House Price Inflation: Net Percent Expecting (%) | 72.100 Mar 2025 | quarterly | Mar 2022 - Mar 2025 |
| House Price Inflation: Net Percent Expecting Higher (%) | -34.300 Mar 2025 | quarterly | Mar 2022 - Mar 2025 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 60.800 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 58.400 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 58.500 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 65.800 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 54.400 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
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