New Zealand National Government Debt
2006 - 2026 | Quarterly | USD mn | CEIC Data
Key information about New Zealand National Government Debt
- New Zealand National Government Debt reached 130.3 USD bn in Mar 2026, compared with 126.4 USD bn in the previous quarter.
- New Zealand National Government Debt data is updated quarterly, available from Dec 2006 to Mar 2026.
- The data reached an all-time high of 130.3 USD bn in Mar 2026 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 1.2 % of its Nominal GDP in Dec 2025.
- The country's Government debt accounted for 49.4 % of its Nominal GDP in Dec 2025.
- New Zealand Nominal GDP reached 65.7 USD bn in Jun 2025.
View New Zealand's National Government Debt from Dec 2006 to Mar 2026 in the chart:
What was New Zealand's National Government Debt in Mar 2026?
New Zealand National Government Debt reached 130.3 USD bn in Mar 2026, compared with 126.4 USD bn in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 130,325.2 Mar 2026 | 126,383.7 Dec 2025 | 21,362.1 Sep 2008 | 130,325.2 Mar 2026 | USD mn | quarterly | Dec 2006 - Mar 2026 |
National Government Debt by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 15,870.8 Mar 2026 | quarterly | Sep 2010 - Mar 2026 |
| Algeria (USD mn) | 127,109.6 2024 | yearly | 1997 - 2024 |
| Argentina (USD mn) | 455,076.7 Dec 2025 | quarterly | Dec 1994 - Dec 2025 |
| Armenia (USD mn) | 14,091.3 Mar 2026 | quarterly | Mar 2002 - Mar 2026 |
| Australia (USD mn) | 685,976.3 2024 | yearly | 1999 - 2024 |
| Austria (USD mn) | 490,656.9 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Azerbaijan (USD mn) | 9,223.0 2021 | yearly | 2008 - 2021 |
| Bahrain (USD mn) | 52,564.2 Mar 2026 | monthly | Mar 2001 - Mar 2026 |
| Belarus (USD mn) | 23,375.7 May 2022 | monthly | Dec 2003 - May 2022 |
| Belgium (USD mn) | 812,672.2 Dec 2025 | quarterly | Mar 1980 - Dec 2025 |
| Bolivia (USD mn) | 8,960.7 2014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (USD mn) | 3,449.6 2024 | yearly | 2007 - 2024 |
| Botswana (USD mn) | 4,996.3 2025 | yearly | 2002 - 2025 |
| Brazil (USD mn) | 1,987,096.3 Mar 2026 | monthly | Dec 2000 - Mar 2026 |
| Bulgaria (USD mn) | 37,868.1 Jan 2026 | monthly | Dec 2015 - Jan 2026 |
| Canada (USD mn) | 1,517,724.5 2025 | yearly | 1962 - 2025 |
| Chile (USD mn) | 154,979.5 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| China (USD mn) | 5,896,064.4 2025 | yearly | 2005 - 2025 |
| Colombia (USD mn) | 330,041.5 Dec 2025 | quarterly | Dec 2001 - Dec 2025 |
| Croatia (USD mn) | 61,462.3 Dec 2025 | monthly | Dec 1995 - Dec 2025 |
| Cyprus (USD mn) | 23,135.3 Mar 2026 | monthly | Dec 2010 - Mar 2026 |
| Czech Republic (USD mn) | 183,513.5 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Denmark (USD mn) | 134,380.9 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Ecuador (USD mn) | 87,478.1 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| Egypt (USD mn) | 344,231.3 Dec 2025 | quarterly | Jun 2006 - Dec 2025 |
| Estonia (USD mn) | 11,769.9 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| European Union (USD mn) | 18,043,357.3 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Finland (USD mn) | 291,561.0 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| France (USD mn) | 4,061,201.8 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Georgia (USD mn) | 13,286.4 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Germany (USD mn) | 3,330,957.3 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Greece (USD mn) | 425,928.8 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Hong Kong SAR, China (USD mn) | 190,786.0 2025 | yearly | 2003 - 2025 |
| Hungary (USD mn) | 197,648.2 Dec 2025 | quarterly | Dec 1989 - Dec 2025 |
| Iceland (USD mn) | 22,207.5 2025 | yearly | 1998 - 2025 |
| India (USD mn) | 2,205,393.2 Dec 2025 | quarterly | Dec 1998 - Dec 2025 |
| Indonesia (USD mn) | 547,950.7 Jan 2025 | monthly | Jun 2009 - Jan 2025 |
| Ireland (USD mn) | 246,341.0 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Israel (USD mn) | 443,893.3 2025 | yearly | 1995 - 2025 |
| Italy (USD mn) | 3,711,947.2 Feb 2026 | monthly | Jan 1957 - Feb 2026 |
| Ivory Coast (USD mn) | 3,853.2 2015 | yearly | 1975 - 2015 |
| Japan (USD mn) | 9,012,579.6 Sep 2025 | monthly | Apr 1982 - Sep 2025 |
| Jordan (USD mn) | 51,659.2 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Kazakhstan (USD mn) | 59,945.7 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Kenya (USD mn) | 95,337.3 Dec 2025 | monthly | Sep 1999 - Dec 2025 |
| South Korea (USD mn) | 855,595.7 Mar 2026 | quarterly | Sep 2002 - Mar 2026 |
| Kosovo (USD mn) | 1,797.9 2024 | yearly | 2009 - 2024 |
| Kuwait (USD mn) | 8,307.5 Mar 2026 | monthly | Dec 1993 - Mar 2026 |
| Kyrgyzstan (USD mn) | 8,919.2 Dec 2025 | monthly | Jan 2011 - Dec 2025 |
| Latvia (USD mn) | 23,676.1 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Lebanon (USD mn) | 101,813.6 Dec 2022 | monthly | Dec 2001 - Dec 2022 |
| Lithuania (USD mn) | 39,470.4 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Luxembourg (USD mn) | 27,808.6 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| North Macedonia (USD mn) | 10,272.3 Dec 2025 | quarterly | Dec 2009 - Dec 2025 |
| Malawi (USD mn) | 2,620.0 2014 | yearly | 2010 - 2014 |
| Malaysia (USD mn) | 325,635.1 Dec 2025 | quarterly | Mar 1978 - Dec 2025 |
| Malta (USD mn) | 13,375.6 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Mauritius (USD mn) | 12,827.8 Mar 2026 | quarterly | Jun 2003 - Mar 2026 |
| Mexico (USD mn) | 1,114,967.1 Mar 2026 | monthly | Dec 2005 - Mar 2026 |
| Moldova (USD mn) | 8,080.9 Mar 2026 | monthly | Jan 2007 - Mar 2026 |
| Montenegro (USD mn) | 5,521.7 Sep 2025 | monthly | Dec 2010 - Sep 2025 |
| Morocco (USD mn) | 91,099.0 Dec 2022 | quarterly | Dec 2006 - Dec 2022 |
| Nepal (USD mn) | 14,538.4 2021 | yearly | 1990 - 2021 |
| Netherlands (USD mn) | 614,427.7 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| New Zealand (USD mn) | 130,325.2 Mar 2026 | quarterly | Dec 2006 - Mar 2026 |
| Nigeria (USD mn) | 56,131,610.0 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Norway (USD mn) | 297,283.3 2025 | yearly | 1995 - 2025 |
| Oman (USD mn) | 37,971.4 2025 | yearly | 1990 - 2025 |
| Panama (USD mn) | 59,349.3 Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| Paraguay (USD mn) | 16,217.1 2024 | yearly | 2003 - 2024 |
| Peru (USD mn) | 108,718.9 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Philippines (USD mn) | 304,381.5 Mar 2026 | monthly | Jan 1993 - Mar 2026 |
| Poland (USD mn) | 648,365.6 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Portugal (USD mn) | 326,169.6 Mar 2026 | quarterly | Mar 2000 - Mar 2026 |
| Qatar (USD mn) | 26,518.7 2012 | yearly | 2003 - 2012 |
| Romania (USD mn) | 262,224.8 Feb 2026 | monthly | Nov 2011 - Feb 2026 |
| Russia (USD mn) | 448,098.9 Mar 2026 | monthly | May 2009 - Mar 2026 |
| Saudi Arabia (USD mn) | 405,068.6 2025 | yearly | 2004 - 2025 |
| Serbia (USD mn) | 45,324.3 Mar 2026 | monthly | Sep 2004 - Mar 2026 |
| Singapore (USD mn) | 1,019,617.5 Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| Slovakia (USD mn) | 98,475.2 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Slovenia (USD mn) | 54,365.4 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| South Africa (USD mn) | 357,353.2 Mar 2026 | monthly | Jan 1960 - Mar 2026 |
| Spain (USD mn) | 1,993,036.4 Dec 2025 | quarterly | Dec 1990 - Dec 2025 |
| Sri Lanka (USD mn) | 96,944.7 Dec 2025 | quarterly | Mar 2014 - Dec 2025 |
| Sweden (USD mn) | 250,022.6 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Switzerland (USD mn) | 231,894.5 2024 | yearly | 1990 - 2024 |
| Taiwan, China (USD mn) | 210,211.6 2024 | yearly | 1996 - 2024 |
| Thailand (USD mn) | 350,915.4 Mar 2026 | monthly | Oct 1997 - Mar 2026 |
| Tunisia (USD mn) | 48,835.0 Dec 2025 | monthly | Apr 2011 - Dec 2025 |
| Turkey (USD mn) | 298,427.1 2024 | yearly | 2001 - 2024 |
| Ukraine (USD mn) | 204,885.6 Mar 2026 | monthly | Dec 2004 - Mar 2026 |
| United Kingdom (USD mn) | 4,178,226.3 Dec 2025 | quarterly | Mar 1966 - Dec 2025 |
| United States (USD mn) | 38,967,834.0 Apr 2026 | monthly | Jan 1969 - Apr 2026 |
| Uruguay (USD mn) | 50,313.1 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Venezuela (USD mn) | 105,131.7 2016 | yearly | 1996 - 2016 |
| Vietnam (USD mn) | 150,597.5 2024 | yearly | 2010 - 2024 |
| Yemen (USD mn) | 20,434.2 2013 | yearly | 2004 - 2013 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doNew Zealand Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.2 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Consolidated Fiscal Balance (USD mn) | -4,697.177 Mar 2026 | quarterly | Mar 1999 - Mar 2026 |
| Tax Revenue (USD mn) | 79,994.882 2025 | yearly | 1999 - 2025 |
| Tax Revenue: % of GDP (%) | 30.5 2025 | yearly | 1999 - 2025 |
| National Government Debt (USD mn) | 130,325.2 Mar 2026 | quarterly | Dec 2006 - Mar 2026 |
| Government Debt: % of GDP (%) | 49.4 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Forecast: Government Expenditure (NZD bn) | 216.921 2031 | yearly | 1985 - 2031 |
| Forecast: Government Net Debt (NZD bn) | 317.093 2031 | yearly | 1985 - 2031 |
| Forecast: Government Revenue (NZD bn) | 213.303 2031 | yearly | 1985 - 2031 |
| General Government: ytd: Borrowings: Gross Sovereign Issued Debt Excluding Reser... (NZD mn) | 228,240.211 Mar 2026 | quarterly | Dec 2006 - Mar 2026 |
| General Government: ytd: Borrowings (NZD mn) | 295,081.000 Mar 2026 | quarterly | Jun 2002 - Mar 2026 |
| General Government: ytd: Expenses (NZD mn) | 132,721.000 Mar 2026 | quarterly | Mar 1999 - Mar 2026 |
| General Government: ytd: Revenue (NZD mn) | 124,762.000 Mar 2026 | quarterly | Mar 1999 - Mar 2026 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.679 2031 | yearly | 1980 - 2031 |
| Trade Balance (USD mn) | 408.2 Mar 2026 | monthly | Jan 1960 - Mar 2026 |
| Total Exports (USD mn) | 4,645.6 Mar 2026 | monthly | Jan 1957 - Mar 2026 |
| Total Exports Growth (%) | 7.3 Mar 2026 | monthly | Jan 1952 - Mar 2026 |
| Aluminum: Exports (USD th) | 748,011.388 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 141,065.733 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 300,779.899 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 4,237.4 Mar 2026 | monthly | Jan 1960 - Mar 2026 |
| Total Imports Growth (%) | 9.6 Mar 2026 | monthly | Jan 1961 - Mar 2026 |
| Imports: Medicament (USD th) | 1,026,250.125 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 436,775.230 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 530.827 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Total Imports from USA (USD mn) | 379.074 Mar 2026 | monthly | Jan 1981 - Mar 2026 |
| Total Exports to China (USD mn) | 1,063.800 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Total Imports from China (USD mn) | 998.795 Mar 2026 | monthly | Jul 1982 - Mar 2026 |
| Import Volume Index (Jun2002=1000) | 2,914.000 Dec 2025 | quarterly | Mar 1949 - Dec 2025 |
| Import Volume Index: sa (Jun2002=1000) | 2,788.000 Dec 2025 | quarterly | Jun 1990 - Dec 2025 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,461.000 Dec 2025 | quarterly | Mar 1951 - Dec 2025 |
| Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,440.000 Dec 2025 | quarterly | Jun 1990 - Dec 2025 |
| Exports: fob: United States (NZD mn) | 907.706 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Exports: fob: Australia (NZD mn) | 1,060.819 Mar 2026 | monthly | Jan 1988 - Mar 2026 |
| Exports: fob: Japan (NZD mn) | 339.552 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Exports: fob: China (NZD mn) | 2,128.062 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Exports: fob: United Kingdom (NZD mn) | 209.512 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Exports: fob: Australia: sa (NZD mn) | 998.081 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Exports: fob: China: sa (NZD mn) | 1,819.083 Mar 2026 | monthly | Jul 1981 - Mar 2026 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 19.650 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 807.787 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 368.193 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 5,086.579 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 495.345 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Term Trade Index (Jun2002=1000) | 1,593.000 Dec 2025 | quarterly | Mar 1957 - Dec 2025 |
| Export Value Index (2015=100) | 120.500 2023 | yearly | 1995 - 2023 |
| Import Value Index (2015=100) | 136.700 2023 | yearly | 1995 - 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 91.1 Dec 2025 | quarterly | Dec 1990 - Dec 2025 |
| Money Supply M1 (USD mn) | 78,784.867 Mar 2026 | monthly | Dec 2016 - Mar 2026 |
| Money Supply M2 (USD mn) | 260,172.152 Mar 2026 | monthly | Mar 1988 - Mar 2026 |
| M2 Growth (%) | 5.6 Mar 2026 | monthly | Mar 1989 - Mar 2026 |
| Foreign Exchange Reserves (USD mn) | 31,323.1 Mar 2026 | monthly | Sep 2005 - Mar 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 9.623 Dec 2025 | quarterly | Sep 2005 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.6 Mar 2026 | monthly | Sep 2005 - Mar 2026 |
| Gold Reserves (USD mn) | 0.000 Mar 2026 | monthly | Dec 1950 - Mar 2026 |
| Total Deposits (USD mn) | 282,755.773 Mar 2026 | monthly | Dec 2016 - Mar 2026 |
| Total Deposits Growth (%) | 5.0 Mar 2026 | monthly | Dec 2017 - Mar 2026 |
| Domestic Credit (USD mn) | 364,984.9 Mar 2026 | monthly | Mar 1988 - Mar 2026 |
| Domestic Credit Growth (%) | 5.0 Mar 2026 | monthly | Mar 1989 - Mar 2026 |
| Credit to Households (USD bn) | 231.046 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 412.759 Sep 2025 | quarterly | Mar 1960 - Sep 2025 |
| Household Debt (USD mn) | 234,208.8 Mar 2026 | monthly | Dec 1990 - Mar 2026 |
| Total Loans (USD mn) | 347,228.525 Mar 2026 | monthly | Dec 2016 - Mar 2026 |
| Total Loans Growth (%) | 5.30 Mar 2026 | monthly | Dec 2017 - Mar 2026 |
| Private Debt: % of Nominal GDP (%) | 136.85 Dec 2025 | quarterly | Mar 1988 - Dec 2025 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 455,643.000 Mar 2026 | monthly | Mar 1988 - Mar 2026 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 137,977.000 Mar 2026 | monthly | Dec 2016 - Mar 2026 |
| Depository Corp: Domestic Credit (NZD mn) | 639,203.000 Mar 2026 | monthly | Mar 1988 - Mar 2026 |
| Official Reserve Assets (NZD mn) | 60,718.073 Mar 2026 | monthly | Sep 2005 - Mar 2026 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 45,690.018 Mar 2026 | monthly | Sep 2005 - Mar 2026 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 10.2 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| House Price Inflation: Net Percent Expecting (%) | 79.100 Mar 2026 | quarterly | Mar 2022 - Mar 2026 |
| House Price Inflation: Net Percent Expecting Higher (%) | -27.500 Mar 2026 | quarterly | Mar 2022 - Mar 2026 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 6.300 Apr 2026 | monthly | Feb 1991 - Apr 2026 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | -10.600 Apr 2026 | monthly | Feb 1991 - Apr 2026 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 2.000 Apr 2026 | monthly | Feb 1991 - Apr 2026 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 19.600 Apr 2026 | monthly | Feb 1991 - Apr 2026 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | -18.600 Apr 2026 | monthly | Feb 1991 - Apr 2026 |
| Performance Manufacturing Index (NA) | 54.000 Mar 2026 | monthly | Aug 2002 - Mar 2026 |
More Indicators for New Zealand
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