New Zealand Household Debt: % of GDP

Key information about New Zealand Household Debt: % of GDP

• New Zealand household debt accounted for 91.1 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 90.7 % in the previous quarter.
• New Zealand household debt to GDP ratio is updated quarterly, available from Dec 1990 to Dec 2025.
• The data reached an all-time high of 98.3 % in Mar 2021 and a record low of 27.9 % in Dec 1990.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Reserve Bank of New Zealand provides Household Debt in local currency. Stats NZ provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household debts includes Housing and Personal Consumer Loans.


Related information about New Zealand Household Debt: % of GDP

• In the latest reports, New Zealand Household Debt reached 246.1 USD bn in Jan 2026.
• Money Supply M2 in New Zealand increased 3.5 % YoY in Jan 2026.
• New Zealand Foreign Exchange Reserves was measured at 27.5 USD bn in Jan 2026.
• The Foreign Exchange Reserves equaled 6.8 Months of Import in Jan 2026.
• New Zealand Domestic Credit reached 383.0 USD bn in Jan 2026, representing an increased of 4.3 % YoY.

View New Zealand's Household Debt: % of GDP from Dec 1990 to Dec 2025 in the chart:

What was New Zealand's Household Debt: % of GDP in Dec 2025?

New Zealand household debt accounted for 91.1 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 90.7 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
91.1 Dec 2025	90.7 Sep 2025	27.9 Dec 1990	98.3 Mar 2021	%	quarterly	Dec 1990 - Dec 2025

Household Debt: % of GDP by Country Comparison

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