New Zealand Household Debt: % of GDP

Key information about New Zealand Household Debt: % of GDP

• New Zealand household debt accounted for 90.7 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 90.5 % in the previous quarter.
• New Zealand household debt to GDP ratio is updated quarterly, available from Dec 1990 to Sep 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 229.5 USD bn in Oct 2025.
• Money Supply M2 in New Zealand increased 5.6 % YoY in Oct 2025.
• New Zealand Foreign Exchange Reserves was measured at 28.7 USD bn in Nov 2025.
• The Foreign Exchange Reserves equaled 7.0 Months of Import in Nov 2025.
• New Zealand Domestic Credit reached 362.9 USD bn in Oct 2025, representing an increased of 5.2 % YoY.

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

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

New Zealand household debt accounted for 90.7 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 90.5 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
90.7 Sep 2025	90.5 Jun 2025	27.9 Dec 1990	98.3 Mar 2021	%	quarterly	Dec 1990 - Sep 2025

Household Debt: % of GDP by Country Comparison

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