New Zealand Total Debt: % of GDP

2006 - 2023 | Yearly | % | CEIC Data

Key information about New Zealand Total Debt: % of GDP

  • New Zealand Total Debt accounted for 586.2 % of the country's GDP in 2023, compared with the ratio of 595.1 % in the previous year.
  • New Zealand Total Debt: % of GDP data is updated yearly, available from Dec 2006 to Dec 2023.
  • The data reached an all-time high of 677.6 % in Dec 2010 and a record low of 571.4 % in Dec 2017.

CEIC shifts year-end for annual Total Debt as % of Nominal GDP. CEIC calculates annual Total Debt as % of Nominal GDP from annual Total Debt and quarterly Nominal GDP. Total Debt is calculated as the Total Liabilities less Equity and Investment Fund Shares and Financial Derivatives. Stats NZ provides Total Debt and Nonimal GDP in local currency. Total Debt is reported in annual frequency, ending in March of each year.

View New Zealand's Total Debt: % of GDP from 2006 to 2023 in the chart:

New Zealand Total Debt: % of GDP

What was New Zealand's Total Debt: % of GDP in 2023?

New Zealand Total Debt accounted for 586.2 % of the country's GDP in 2023, compared with the ratio of 595.1 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
586.2 2023 595.1 2022 571.4 2017 677.6 2010 % yearly 2006 - 2023

Total Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Australia (%) 269.0 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 527.0 Jun 2025 quarterly Mar 1999 - Jun 2025
Belgium (%) 698.3 Jun 2025 quarterly Dec 1998 - Jun 2025
Bulgaria (%) 348.2 2024 yearly 1995 - 2024
Canada (%) 927.4 Jun 2025 quarterly Mar 1990 - Jun 2025
Croatia (%) 413.0 Jun 2025 quarterly Dec 1995 - Jun 2025
Cyprus (%) 1,145.5 2024 yearly 1995 - 2024
Czech Republic (%) 388.5 Jun 2025 quarterly Mar 2004 - Jun 2025
Denmark (%) 838.8 2023 yearly 1994 - 2023
Estonia (%) 379.9 Jun 2025 quarterly Dec 2003 - Jun 2025
European Union (%) 689.7 2024 yearly 2001 - 2024
Finland (%) 608.4 2024 yearly 1995 - 2024
France (%) 948.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Germany (%) 595.9 Jun 2025 quarterly Mar 1999 - Jun 2025
Greece (%) 526.7 Jun 2025 quarterly Dec 1997 - Jun 2025
Hungary (%) 395.4 Jun 2025 quarterly Dec 1995 - Jun 2025
Iceland (%) 678.3 2024 yearly 2003 - 2024
Ireland (%) 830.9 Jun 2025 quarterly Mar 2002 - Jun 2025
Italy (%) 555.5 Jun 2025 quarterly Dec 1995 - Jun 2025
Japan (%) 1,175.2 Jun 2025 quarterly Jun 1998 - Jun 2025
South Korea (%) 716.6 Jun 2025 quarterly Dec 2008 - Jun 2025
Latvia (%) 344.0 Jun 2025 quarterly Mar 2004 - Jun 2025
Lithuania (%) 319.8 Jun 2025 quarterly Dec 1995 - Jun 2025
Luxembourg (%) 6,979.5 Jun 2025 quarterly Dec 1995 - Jun 2025
North Macedonia (%) 335.0 2023 yearly 2013 - 2023
Malta (%) 1,328.0 Jun 2025 quarterly Mar 2004 - Jun 2025
Mexico (%) 114.3 Sep 2025 quarterly Dec 2000 - Sep 2025
Netherlands (%) 949.7 Jun 2025 quarterly Mar 1999 - Jun 2025
New Zealand (%) 586.2 2023 yearly 2006 - 2023
Norway (%) 578.5 Sep 2025 quarterly Dec 1995 - Sep 2025
Poland (%) 299.3 Jun 2025 quarterly Mar 2004 - Jun 2025
Portugal (%) 458.9 Jun 2025 quarterly Dec 1995 - Jun 2025
Romania (%) 243.3 Jun 2025 quarterly Dec 1995 - Jun 2025
Slovakia (%) 377.8 Jun 2025 quarterly Dec 2012 - Jun 2025
Slovenia (%) 329.2 Jun 2025 quarterly Mar 2004 - Jun 2025
Spain (%) 561.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Sweden (%) 750.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Switzerland (%) 897.5 2024 yearly 1999 - 2024
Taiwan (%) 889.0 2023 yearly 2000 - 2023
Turkey (%) 243.6 Jun 2025 quarterly Dec 2014 - Jun 2025
Ukraine (%) 235.5 2021 yearly 2009 - 2021
United Kingdom (%) 827.7 Jun 2025 quarterly Mar 1987 - Jun 2025
United States (%) 718.9 Jun 2025 quarterly Dec 1951 - Jun 2025

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New Zealand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.2 Jun 2025 quarterly Dec 1999 - Jun 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 (%) 46.7 Jun 2025 quarterly Dec 2006 - Jun 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) -888.7 Oct 2025 monthly Jan 1960 - Oct 2025
Total Exports (USD mn) 3,745.6 Oct 2025 monthly Jan 1957 - Oct 2025
Total Exports Growth (%) 15.6 Oct 2025 monthly Jan 1952 - Oct 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) 4,634.2 Oct 2025 monthly Jan 1960 - Oct 2025
Total Imports Growth (%) 10.5 Oct 2025 monthly Jan 1961 - Oct 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) 424.864 Oct 2025 monthly Jul 1981 - Oct 2025
Total Imports from USA (USD mn) 491.326 Oct 2025 monthly Jan 1981 - Oct 2025
Total Exports to China (USD mn) 1,014.334 Oct 2025 monthly Jul 1981 - Oct 2025
Total Imports from China (USD mn) 968.120 Oct 2025 monthly Jul 1982 - Oct 2025
Import Volume Index (Jun2002=1000) 2,795.000 Sep 2025 quarterly Mar 1949 - Sep 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: Manufacturing: Goods (NZD mn) 236.566 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: SITC: Crude Materials (NZD mn) 568.228 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: United States (NZD mn) 744.218 Jan 2025 monthly Jul 1981 - Jan 2025
Exports: fob: Australia (NZD mn) 670.162 Jan 2025 monthly Jan 1988 - Jan 2025
Exports: fob: Japan (NZD mn) 262.997 Jan 2025 monthly Jul 1981 - Jan 2025
Exports: fob: United Kingdom (NZD mn) 132.621 Jan 2025 monthly Jul 1981 - Jan 2025
Exports: fob: China (NZD mn) 1,782.288 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
Export Value Index (2015=100) 130.280 2021 yearly 1995 - 2021
Import Value Index (2015=100) 136.389 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -1,895.7 Jun 2025 quarterly Jun 2000 - Jun 2025
Current Account Balance (USD mn) -2,045.3 Jun 2025 quarterly Jun 1971 - Jun 2025
Current Account Balance: % of GDP (%) -3.1 Jun 2025 quarterly Jun 1987 - Jun 2025
Foreign Direct Investment (USD mn) 1,080.8 Jun 2025 quarterly Jun 2000 - Jun 2025
Foreign Direct Investment: % of GDP (%) 1.7 Jun 2025 quarterly Jun 2000 - Jun 2025
Foreign Portfolio Investment (USD mn) 8,010.768 Jun 2025 quarterly Jun 1995 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 12.3 Jun 2025 quarterly Jun 1995 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 800.1 Jun 2025 quarterly Jun 2000 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 7,210.701 Jun 2025 quarterly Jun 1995 - Jun 2025
External Debt (USD mn) 256,105.2 Jun 2025 quarterly Mar 1993 - Jun 2025
External Debt: % of GDP (%) 94.7 2024 yearly 1993 - 2024
External Debt: Short Term (USD mn) 83,622.4 Jun 2025 quarterly Jun 2000 - Jun 2025
External Debt: Short Term: % of GDP (%) 33.5 2024 yearly 2000 - 2024
Total Debt: % of GDP (%) 586.2 2023 yearly 2006 - 2023
Forecast: Current Account Balance (USD bn) -10.863 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -124,206.132 Jun 2025 quarterly Jun 2000 - Jun 2025
Balance of Payment: Financial Account: Assets: Financial Derivatives (NZD mn) -3,057.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Goods: Credit (NZD mn) 15,962.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: Goods (NZD mn) -4,656.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account (NZD mn) -10,581.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Assets: Direct Investment (NZD mn) 1,187.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Assets: Portfolio Investment (NZD mn) 5,621.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Capital Account: Debit (NZD mn) 137.000 Sep 2024 quarterly Mar 1997 - Sep 2024
Balance of Payment: Financial Account (NZD mn) 2,075.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Services: Debit (NZD mn) 8,504.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Capital Account: Credit (NZD mn) 36.000 Sep 2024 quarterly Jun 1996 - Sep 2024
Balance of Payment: Current Account: Goods: Debit (NZD mn) 20,618.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Liabilities (NZD mn) 6,059.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Assets: Reserve Assets (NZD mn) 3,176.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Primary Income (NZD mn) -3,544.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Assets: Other Investment (NZD mn) -2,942.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Direct Investment (NZD mn) -2,438.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Services (NZD mn) -2,031.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: Primary Income: Credit (NZD mn) 3,459.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Capital Account (NZD mn) -100.000 Sep 2024 quarterly Jun 1996 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Other Investment (NZD mn) -1,537.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Net Errors and Omissions (NZD mn) 8,606.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Assets (NZD mn) 3,984.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Services: Credit (NZD mn) 6,473.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Financial Derivatives (NZD mn) -2,032.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Primary Income: Debit (NZD mn) 7,003.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Portfolio Investment (NZD mn) 12,067.000 Sep 2024 quarterly Jun 2000 - Sep 2024
BOP: Current Account: Goods & Services (NZD mn) -6,688.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa (NZD mn) -6,202.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Services: Credit (NZD mn) 7,651.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Services: Debit (NZD mn) 8,048.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Services (NZD mn) -397.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Goods: Credit (NZD mn) 17,629.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Goods: Debit (NZD mn) 19,542.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Goods (NZD mn) -1,913.000 Sep 2024 quarterly Jun 1971 - Sep 2024
International Investment Position: Liabilities (NZD mn) 613,193.000 Sep 2024 quarterly Jun 2000 - Sep 2024
IIP: Assets (NZD mn) 404,576.000 Sep 2024 quarterly Jun 2000 - Sep 2024
IIP: Net (NZD mn) -208,617.000 Sep 2024 quarterly Jun 2000 - Sep 2024
External Debt: Net (NZD mn) -149,667.000 Dec 2018 quarterly Jun 2000 - Dec 2018
Direct Investment Abroad: Stock (NZD mn) 29,490.000 2024 yearly 2001 - 2024
Direct Investment Abroad: Stock: Australia (NZD mn) 14,253.000 2024 yearly 2001 - 2024
Direct Investment Abroad: Stock: United Kingdom (NZD mn) 1,090.000 2024 yearly 2001 - 2024
Direct Investment Abroad: Stock: United States of America (NZD mn) 8,983.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock (NZD mn) 158,258.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: Australia (NZD mn) 84,615.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: United Kingdom (NZD mn) 6,388.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: United States of America (NZD mn) 9,278.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: Netherlands (NZD mn) 3,880.000 2018 yearly 2001 - 2018
Foreign Direct Investment: Stock: Japan (NZD mn) 5,553.000 2018 yearly 2001 - 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 Dec 2017 quarterly Mar 1996 - Dec 2017
Household Debt: % of GDP (%) 90.2 Jun 2025 quarterly Dec 1990 - Jun 2025
Money Supply M1 (USD mn) 74,882.144 Oct 2025 monthly Dec 2016 - Oct 2025
Money Supply M2 (USD mn) 253,363.187 Oct 2025 monthly Mar 1988 - Oct 2025
M2 Growth (%) 5.6 Oct 2025 monthly Mar 1989 - Oct 2025
Foreign Exchange Reserves (USD mn) 24,143.2 Oct 2025 monthly Sep 2005 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 9.190 Jun 2025 quarterly Sep 2005 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 5.2 Oct 2025 monthly Sep 2005 - Oct 2025
Gold Reserves (USD mn) 0.000 Oct 2025 monthly Dec 1950 - Oct 2025
Total Deposits (USD mn) 278,925.532 Oct 2025 monthly Dec 2016 - Oct 2025
Total Deposits Growth (%) 5.7 Oct 2025 monthly Dec 2017 - Oct 2025
Domestic Credit (USD mn) 362,880.3 Oct 2025 monthly Mar 1988 - Oct 2025
Domestic Credit Growth (%) 5.2 Oct 2025 monthly Mar 1989 - Oct 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) 229,520.4 Oct 2025 monthly Dec 1990 - Oct 2025
Total Loans (USD mn) 342,410.674 Oct 2025 monthly Dec 2016 - Oct 2025
Total Loans Growth (%) 5.06 Oct 2025 monthly Dec 2017 - Oct 2025
Private Debt: % of Nominal GDP (%) 135.36 Jun 2025 quarterly Mar 1988 - Jun 2025
Depository Corp: Money Supply: Broad Money (NZD mn) 442,324.000 Oct 2025 monthly Mar 1988 - Oct 2025
Depository Corp: Domestic Credit (NZD mn) 633,520.000 Oct 2025 monthly Mar 1988 - Oct 2025
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) 130,730.000 Oct 2025 monthly Dec 2016 - Oct 2025
Official Reserve Assets (NZD mn) 48,049.690 Oct 2025 monthly Sep 2005 - Oct 2025
Official Reserve Assets: Foreign Currency Reserves (NZD mn) 29,384.239 Oct 2025 monthly Sep 2005 - Oct 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: Retail: Business Confidence Index (Point) 74.500 Nov 2025 monthly Feb 1991 - Nov 2025
Business Outlook Survey: Construction: Business Confidence Index (Point) 63.300 Nov 2025 monthly Feb 1991 - Nov 2025
Business Outlook Survey: All Industries: Business Confidence Index (Point) 67.100 Nov 2025 monthly Feb 1991 - Nov 2025
Business Outlook Survey: Manufacturing: Business Confidence Index (Point) 84.100 Nov 2025 monthly Feb 1991 - Nov 2025
Business Outlook Survey: Service: Business Confidence Index (Point) 63.200 Nov 2025 monthly Feb 1991 - Nov 2025

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