New Zealand National Government Debt
2006 - 2025 | Quarterly | USD mn | CEIC Data
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.
View New Zealand's National Government Debt from Dec 2006 to Sep 2025 in the chart:
What was New Zealand's National Government Debt in Sep 2025?
New Zealand National Government Debt reached 123.7 USD bn in Sep 2025, compared with 124.1 USD bn in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 123,654.9 Sep 2025 | 124,086.6 Jun 2025 | 21,362.1 Sep 2008 | 124,086.6 Jun 2025 | USD mn | quarterly | Dec 2006 - Sep 2025 |
National Government Debt by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 16,715.8 Sep 2025 | quarterly | Sep 2010 - Sep 2025 |
| Algeria (USD mn) | 127,109.6 2024 | yearly | 1997 - 2024 |
| Argentina (USD mn) | 454,037.1 Sep 2025 | quarterly | Dec 1994 - Sep 2025 |
| Armenia (USD mn) | 14,204.4 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Australia (USD mn) | 685,976.3 2024 | yearly | 1999 - 2024 |
| Austria (USD mn) | 497,437.3 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Azerbaijan (USD mn) | 9,223.0 2021 | yearly | 2008 - 2021 |
| Bahrain (USD mn) | 50,938.0 Nov 2025 | monthly | Mar 2001 - Nov 2025 |
| Belarus (USD mn) | 23,375.7 May 2022 | monthly | Dec 2003 - May 2022 |
| Belgium (USD mn) | 797,839.2 Sep 2025 | quarterly | Mar 1980 - Sep 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) | 1,829,967.6 Oct 2025 | monthly | Dec 2000 - Oct 2025 |
| Bulgaria (USD mn) | 36,546.1 Nov 2025 | monthly | Dec 2015 - Nov 2025 |
| Canada (USD mn) | 1,517,724.5 2025 | yearly | 1962 - 2025 |
| Chile (USD mn) | 149,182.1 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| China (USD mn) | 4,736,394.2 2024 | yearly | 2005 - 2024 |
| Colombia (USD mn) | 280,165.7 Jun 2025 | quarterly | Dec 2001 - Jun 2025 |
| Croatia (USD mn) | 60,831.7 Sep 2025 | monthly | Dec 1995 - Sep 2025 |
| Cyprus (USD mn) | 23,954.7 Nov 2025 | monthly | Dec 2010 - Nov 2025 |
| Czech Republic (USD mn) | 174,839.6 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Denmark (USD mn) | 141,615.2 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Ecuador (USD mn) | 85,105.4 Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Egypt (USD mn) | 301,714.5 Jun 2025 | quarterly | Jun 2006 - Jun 2025 |
| Estonia (USD mn) | 11,044.7 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| European Union (USD mn) | 17,899,598.0 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Finland (USD mn) | 289,404.3 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| France (USD mn) | 4,020,987.6 Jun 2025 | quarterly | Dec 1995 - Jun 2025 |
| Georgia (USD mn) | 13,032.9 Sep 2025 | quarterly | Mar 2006 - Sep 2025 |
| Germany (USD mn) | 3,271,285.0 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Greece (USD mn) | 433,852.8 Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Hong Kong SAR, China (USD mn) | 190,786.0 2025 | yearly | 2003 - 2025 |
| Hungary (USD mn) | 192,814.7 Sep 2025 | quarterly | Dec 1989 - Sep 2025 |
| Iceland (USD mn) | 20,025.7 2024 | yearly | 1998 - 2024 |
| India (USD mn) | 2,192,184.8 Sep 2025 | quarterly | Dec 1998 - Sep 2025 |
| Indonesia (USD mn) | 547,950.7 Jan 2025 | monthly | Jun 2009 - Jan 2025 |
| Ireland (USD mn) | 245,214.6 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Israel (USD mn) | 364,326.8 2024 | yearly | 1995 - 2024 |
| Italy (USD mn) | 3,624,882.7 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| 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) | 51,156.6 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Kazakhstan (USD mn) | 59,945.7 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Kenya (USD mn) | 93,267.3 Sep 2025 | monthly | Sep 1999 - Sep 2025 |
| South Korea (USD mn) | 896,321.5 Sep 2025 | quarterly | Sep 2002 - Sep 2025 |
| Kosovo (USD mn) | 1,797.9 2024 | yearly | 2009 - 2024 |
| Kuwait (USD mn) | 6,701.5 Nov 2025 | monthly | Dec 1993 - Nov 2025 |
| Kyrgyzstan (USD mn) | 8,692.5 Oct 2025 | monthly | Jan 2011 - Oct 2025 |
| Latvia (USD mn) | 22,255.4 Sep 2025 | quarterly | Mar 2000 - Sep 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) | 28,692.8 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| North Macedonia (USD mn) | 10,002.3 Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| Malawi (USD mn) | 2,620.0 2014 | yearly | 2010 - 2014 |
| Malaysia (USD mn) | 312,770.7 Sep 2025 | quarterly | Mar 1978 - Sep 2025 |
| Malta (USD mn) | 13,160.7 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Mauritius (USD mn) | 12,821.9 Sep 2025 | quarterly | Jun 2003 - Sep 2025 |
| Mexico (USD mn) | 1,075,783.9 Nov 2025 | monthly | Dec 2005 - Nov 2025 |
| Moldova (USD mn) | 7,597.9 Nov 2025 | monthly | Jan 2007 - Nov 2025 |
| 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) | 579,272.5 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| New Zealand (USD mn) | 123,654.9 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Nigeria (USD mn) | 97,066.2 Jun 2025 | quarterly | Dec 2006 - Jun 2025 |
| Norway (USD mn) | 251,746.3 2024 | yearly | 1995 - 2024 |
| 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) | 105,081.0 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Philippines (USD mn) | 300,176.5 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Poland (USD mn) | 611,821.3 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Portugal (USD mn) | 345,501.8 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Qatar (USD mn) | 26,518.7 2012 | yearly | 2003 - 2012 |
| Romania (USD mn) | 249,581.5 Aug 2025 | monthly | Nov 2011 - Aug 2025 |
| Russia (USD mn) | 449,142.3 Dec 2025 | monthly | May 2009 - Dec 2025 |
| Saudi Arabia (USD mn) | 388,533.3 2025 | yearly | 2004 - 2025 |
| Serbia (USD mn) | 44,047.7 Oct 2025 | monthly | Sep 2004 - Oct 2025 |
| Singapore (USD mn) | 1,010,431.8 Sep 2025 | quarterly | Mar 1990 - Sep 2025 |
| Slovakia (USD mn) | 98,260.7 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Slovenia (USD mn) | 55,072.6 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| South Africa (USD mn) | 352,108.9 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Spain (USD mn) | 2,005,898.9 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Sri Lanka (USD mn) | 98,101.8 Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Sweden (USD mn) | 230,743.4 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Switzerland (USD mn) | 231,894.5 2024 | yearly | 1990 - 2024 |
| Taiwan, China (USD mn) | 223,824.2 2023 | yearly | 1996 - 2023 |
| Thailand (USD mn) | 346,186.9 Nov 2025 | monthly | Oct 1997 - Nov 2025 |
| Tunisia (USD mn) | 46,921.1 Sep 2025 | monthly | Apr 2011 - Sep 2025 |
| Turkey (USD mn) | 298,427.1 2024 | yearly | 2001 - 2024 |
| Ukraine (USD mn) | 197,409.4 Nov 2025 | monthly | Dec 2004 - Nov 2025 |
| United Kingdom (USD mn) | 4,111,415.2 Sep 2025 | quarterly | Mar 1966 - Sep 2025 |
| United States (USD mn) | 38,514,009.0 Dec 2025 | monthly | Jan 1969 - Dec 2025 |
| Uruguay (USD mn) | 48,109.8 Sep 2025 | quarterly | Mar 1999 - Sep 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 (%) | -1.0 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | 5,756.479 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Tax Revenue (USD mn) | 79,994.882 2025 | yearly | 1999 - 2025 |
| Tax Revenue: % of GDP (%) | 31.2 2024 | yearly | 1999 - 2024 |
| National Government Debt (USD mn) | 123,654.9 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Government Debt: % of GDP (%) | 48.5 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Forecast: Government Expenditure (NZD bn) | 204.048 2030 | yearly | 1985 - 2030 |
| Forecast: Government Net Debt (NZD bn) | 292.813 2030 | yearly | 1985 - 2030 |
| Forecast: Government Revenue (NZD bn) | 204.003 2030 | yearly | 1985 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.135 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -92.3 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Total Exports (USD mn) | 3,950.9 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Total Exports Growth (%) | 9.2 Nov 2025 | monthly | Jan 1952 - Nov 2025 |
| 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) | 4,043.2 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Total Imports Growth (%) | 4.4 Nov 2025 | monthly | Jan 1961 - Nov 2025 |
| 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) | 366.977 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Total Imports from USA (USD mn) | 430.665 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Total Exports to China (USD mn) | 890.782 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Total Imports from China (USD mn) | 859.458 Nov 2025 | monthly | Jul 1982 - Nov 2025 |
| Import Volume Index (Jun2002=1000) | 2,795.000 Sep 2025 | quarterly | Mar 1949 - Sep 2025 |
| Exports: fob: Australia (NZD mn) | 1,039.331 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Exports: fob: Japan (NZD mn) | 288.843 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: United Kingdom (NZD mn) | 169.154 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: China (NZD mn) | 1,747.093 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: United States (NZD mn) | 649.287 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: Australia: sa (NZD mn) | 959.987 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: China: sa (NZD mn) | 1,576.047 Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 54.105 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 547.240 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 746.365 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 319.051 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,133.643 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Term Trade Index (Jun2002=1000) | 1,476.000 Dec 2024 | quarterly | Mar 1957 - Dec 2024 |
| 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 |
| 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 (%) | 90.7 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Money Supply M1 (USD mn) | 75,225.265 Nov 2025 | monthly | Dec 2016 - Nov 2025 |
| Money Supply M2 (USD mn) | 254,480.699 Nov 2025 | monthly | Mar 1988 - Nov 2025 |
| M2 Growth (%) | 4.5 Nov 2025 | monthly | Mar 1989 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 28,667.0 Nov 2025 | monthly | Sep 2005 - Nov 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 9.441 Sep 2025 | quarterly | Sep 2005 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.0 Nov 2025 | monthly | Sep 2005 - Nov 2025 |
| Gold Reserves (USD mn) | 0.000 Oct 2025 | monthly | Dec 1950 - Oct 2025 |
| Total Deposits (USD mn) | 279,008.095 Nov 2025 | monthly | Dec 2016 - Nov 2025 |
| Total Deposits Growth (%) | 3.8 Nov 2025 | monthly | Dec 2017 - Nov 2025 |
| Domestic Credit (USD mn) | 363,012.1 Nov 2025 | monthly | Mar 1988 - Nov 2025 |
| Domestic Credit Growth (%) | 4.1 Nov 2025 | monthly | Mar 1989 - Nov 2025 |
| Credit to Households (USD bn) | 238.472 Jun 2025 | quarterly | Dec 1990 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 423.842 Jun 2025 | quarterly | Mar 1960 - Jun 2025 |
| Household Debt (USD mn) | 231,294.6 Nov 2025 | monthly | Dec 1990 - Nov 2025 |
| Total Loans (USD mn) | 344,126.487 Nov 2025 | monthly | Dec 2016 - Nov 2025 |
| Total Loans Growth (%) | 4.78 Nov 2025 | monthly | Dec 2017 - Nov 2025 |
| Private Debt: % of Nominal GDP (%) | 136.73 Sep 2025 | quarterly | Mar 1988 - Sep 2025 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 443,578.000 Nov 2025 | monthly | Mar 1988 - Nov 2025 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 130,730.000 Oct 2025 | monthly | Dec 2016 - Oct 2025 |
| Depository Corp: Domestic Credit (NZD mn) | 633,520.000 Oct 2025 | monthly | Mar 1988 - Oct 2025 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 38,442.469 Nov 2025 | monthly | Sep 2005 - Nov 2025 |
| Official Reserve Assets (NZD mn) | 55,851.773 Nov 2025 | monthly | Sep 2005 - Nov 2025 |
| 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 (%) | 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) | 83.700 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 73.700 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 73.600 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 67.900 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 76.200 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Performance Manufacturing Index (NA) | 55.000 Dec 2025 | monthly | Aug 2002 - Dec 2025 |
More Indicators for New Zealand
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