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 (%) 267.7 Dec 2025 quarterly Jun 1988 - Dec 2025
Austria (%) 516.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Belgium (%) 695.9 Dec 2025 quarterly Dec 1998 - Dec 2025
Bulgaria (%) 348.2 2024 yearly 1995 - 2024
Canada (%) 944.6 Dec 2025 quarterly Mar 1990 - Dec 2025
Croatia (%) 412.1 Dec 2025 quarterly Dec 1995 - Dec 2025
Cyprus (%) 1,096.1 2025 yearly 1995 - 2025
Czech Republic (%) 387.3 Dec 2025 quarterly Mar 2004 - Dec 2025
Denmark (%) 847.5 2024 yearly 1994 - 2024
Estonia (%) 383.9 Dec 2025 quarterly Dec 2003 - Dec 2025
European Union (%) 679.1 2025 yearly 2001 - 2025
Finland (%) 600.6 2025 yearly 1995 - 2025
France (%) 937.4 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 585.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Greece (%) 526.1 Dec 2025 quarterly Dec 1997 - Dec 2025
Hungary (%) 383.9 Dec 2025 quarterly Dec 1995 - Dec 2025
Iceland (%) 679.7 2024 yearly 2003 - 2024
Ireland (%) 816.6 Dec 2025 quarterly Mar 2002 - Dec 2025
Italy (%) 550.5 Dec 2025 quarterly Dec 1995 - Dec 2025
Japan (%) 1,167.6 Dec 2025 quarterly Jun 1998 - Dec 2025
South Korea (%) 711.7 Dec 2025 quarterly Dec 2008 - Dec 2025
Latvia (%) 339.8 Dec 2025 quarterly Mar 2004 - Dec 2025
Lithuania (%) 327.1 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 7,000.7 Dec 2025 quarterly Dec 1995 - Dec 2025
North Macedonia (%) 342.8 2025 yearly 2013 - 2025
Malta (%) 1,304.8 Dec 2025 quarterly Mar 2004 - Dec 2025
Mexico (%) 113.8 Mar 2026 quarterly Dec 2000 - Mar 2026
Netherlands (%) 925.1 Dec 2025 quarterly Mar 1999 - Dec 2025
New Zealand (%) 586.2 2023 yearly 2006 - 2023
Norway (%) 593.4 Mar 2026 quarterly Dec 1995 - Mar 2026
Poland (%) 298.0 Dec 2025 quarterly Mar 2004 - Dec 2025
Portugal (%) 446.8 Dec 2025 quarterly Dec 1995 - Dec 2025
Romania (%) 245.3 Dec 2025 quarterly Dec 1995 - Dec 2025
Slovakia (%) 372.2 Sep 2025 quarterly Dec 2012 - Sep 2025
Slovenia (%) 318.0 Dec 2025 quarterly Mar 2004 - Dec 2025
Spain (%) 551.7 Dec 2025 quarterly Dec 1995 - Dec 2025
Sweden (%) 733.4 Dec 2025 quarterly Mar 1996 - Dec 2025
Switzerland (%) 899.3 2025 yearly 1999 - 2025
Taiwan, China (%) 880.3 2024 yearly 2000 - 2024
Turkey (%) 245.6 Dec 2025 quarterly Dec 2014 - Dec 2025
Ukraine (%) 235.5 2021 yearly 2009 - 2021
United Kingdom (%) 825.0 Dec 2025 quarterly Mar 1987 - Dec 2025
United States (%) 721.7 Mar 2026 quarterly Dec 1951 - Mar 2026

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New 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) 1,122.8 Apr 2026 monthly Jan 1960 - Apr 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 (%) 3.4 Apr 2026 monthly Jan 1961 - Apr 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) 314.435 Apr 2026 monthly Jan 1981 - Apr 2026
Total Exports to China (USD mn) 1,051.412 Apr 2026 monthly Jul 1981 - Apr 2026
Total Imports from China (USD mn) 998.795 Mar 2026 monthly Jul 1982 - Mar 2026
Import Volume Index: sa (Jun2002=1000) 2,830.000 Mar 2026 quarterly Jun 1990 - Mar 2026
Import Volume Index (Jun2002=1000) 2,685.000 Mar 2026 quarterly Mar 1949 - Mar 2026
Export Volume Index: Exclude Re Export (Jun2002=1000) 1,485.000 Mar 2026 quarterly Mar 1951 - Mar 2026
Export Volume Index: Exclude Re Export: sa (Jun2002=1000) 1,483.000 Mar 2026 quarterly Jun 1990 - Mar 2026
Exports: fob: Australia (NZD mn) 1,060.819 Mar 2026 monthly Jan 1988 - Mar 2026
Exports: fob: United States (NZD mn) 907.706 Mar 2026 monthly Jul 1981 - Mar 2026
Exports: fob: United Kingdom (NZD mn) 209.512 Mar 2026 monthly Jul 1981 - Mar 2026
Exports: fob: Japan (NZD mn) 435.124 Apr 2026 monthly Jul 1981 - Apr 2026
Exports: fob: China (NZD mn) 2,128.062 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: Manufacturing: Goods (NZD mn) 368.193 Mar 2026 monthly Jan 2002 - Mar 2026
Exports: fob: SITC: Mineral Fuels (NZD mn) 155.656 Apr 2026 monthly Jan 2002 - Apr 2026
Exports: fob: SITC: Crude Materials (NZD mn) 807.787 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) 475.917 Apr 2026 monthly Jan 2002 - Apr 2026
Term Trade Index (Jun2002=1000) 1,561.000 Mar 2026 quarterly Mar 1957 - Mar 2026
Export Value Index (2015=100) 120.500 2023 yearly 1995 - 2023
Import Value Index (2015=100) 136.700 2023 yearly 1995 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,471.9 Dec 2025 quarterly Jun 2000 - Dec 2025
Current Account Balance (USD mn) -2,045.3 Jun 2025 quarterly Jun 1971 - Jun 2025
Current Account Balance: % of GDP (%) -4.1 Dec 2025 quarterly Jun 1987 - Dec 2025
Foreign Direct Investment (USD mn) 1,362.4 Dec 2025 quarterly Jun 2000 - Dec 2025
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2025 quarterly Jun 2000 - Dec 2025
Foreign Portfolio Investment (USD mn) 3,775.300 Dec 2025 quarterly Jun 1995 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 5.6 Dec 2025 quarterly Jun 1995 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 301.6 Dec 2025 quarterly Jun 2000 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 3,473.689 Dec 2025 quarterly Jun 1995 - Dec 2025
External Debt (USD mn) 251,404.9 Dec 2025 quarterly Mar 1993 - Dec 2025
External Debt: % of GDP (%) 98.2 2025 yearly 1993 - 2025
External Debt: Short Term (USD mn) 82,243.6 Dec 2025 quarterly Jun 2000 - Dec 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) -9.819 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -113,493.780 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Capital Account (NZD mn) -104.000 Dec 2025 quarterly Jun 1996 - Dec 2025
Balance of Payment: Current Account: Primary Income: Credit (NZD mn) 4,374.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: Goods (NZD mn) -1,893.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Financial Account: Assets: Other Investment (NZD mn) -7,177.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Financial Account: Assets (NZD mn) -2,277.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Net Errors and Omissions (NZD mn) 2,294.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Current Account: Services: Debit (NZD mn) 9,228.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: Goods: Debit (NZD mn) 22,827.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Financial Account (NZD mn) 3,793.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Financial Account: Liabilities: Direct Investment (NZD mn) 2,376.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Financial Account: Assets: Portfolio Investment (NZD mn) 4,858.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Current Account: Primary Income (NZD mn) -3,670.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: Services: Credit (NZD mn) 9,034.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: Goods: Credit (NZD mn) 20,934.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Financial Account: Liabilities: Other Investment (NZD mn) -5,958.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Financial Account: Assets: Financial Derivatives (NZD mn) -3,765.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Current Account (NZD mn) -5,984.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Financial Account: Liabilities (NZD mn) 1,516.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Financial Account: Liabilities: Portfolio Investment (NZD mn) 6,584.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Current Account: Services (NZD mn) -194.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Capital Account: Debit (NZD mn) 224.000 Dec 2025 quarterly Mar 1997 - Dec 2025
Balance of Payment: Financial Account: Assets: Direct Investment (NZD mn) 2,567.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Capital Account: Credit (NZD mn) 120.000 Dec 2025 quarterly Jun 1996 - Dec 2025
Balance of Payment: Current Account: Primary Income: Debit (NZD mn) 8,044.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Financial Account: Assets: Reserve Assets (NZD mn) 1,239.000 Dec 2025 quarterly Jun 2000 - Dec 2025
BOP: Current Account: Goods & Services (NZD mn) -2,087.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: sa: GS: Goods: Debit (NZD mn) 21,441.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: sa: GS: Services (NZD mn) 122.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: sa: GS: Goods (NZD mn) -866.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: sa (NZD mn) -4,642.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: sa: GS: Services: Credit (NZD mn) 8,488.000 Sep 2025 quarterly Jun 1971 - Sep 2025
Balance of Payment: Current Account: sa: GS: Goods: Credit (NZD mn) 20,575.000 Dec 2025 quarterly Jun 1971 - Dec 2025
Balance of Payment: Current Account: sa: GS: Services: Debit (NZD mn) 8,985.000 Dec 2025 quarterly Jun 1971 - Dec 2025
International Investment Position: Liabilities (NZD mn) 677,756.000 Dec 2025 quarterly Jun 2000 - Dec 2025
IIP: Assets (NZD mn) 480,547.000 Dec 2025 quarterly Jun 2000 - Dec 2025
IIP: Net (NZD mn) -197,209.000 Dec 2025 quarterly Jun 2000 - Dec 2025
Balance of Payment: Financial Account: Liabilities: Financial Derivatives (NZD mn) -2,032.000 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 (%) 91.1 Dec 2025 quarterly Dec 1990 - Dec 2025
Money Supply M1 (USD mn) 81,214.739 Apr 2026 monthly Dec 2016 - Apr 2026
Money Supply M2 (USD mn) 267,757.227 Apr 2026 monthly Mar 1988 - Apr 2026
M2 Growth (%) 4.4 Apr 2026 monthly Mar 1989 - Apr 2026
Foreign Exchange Reserves (USD mn) 28,241.2 Apr 2026 monthly Sep 2005 - Apr 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 Apr 2026 monthly Dec 1950 - Apr 2026
Total Deposits (USD mn) 292,375.771 Apr 2026 monthly Dec 2016 - Apr 2026
Total Deposits Growth (%) 3.9 Apr 2026 monthly Dec 2017 - Apr 2026
Domestic Credit (USD mn) 374,734.7 Apr 2026 monthly Mar 1988 - Apr 2026
Domestic Credit Growth (%) 3.5 Apr 2026 monthly Mar 1989 - Apr 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) 242,438.7 Apr 2026 monthly Dec 1990 - Apr 2026
Total Loans (USD mn) 358,112.815 Apr 2026 monthly Dec 2016 - Apr 2026
Total Loans Growth (%) 5.04 Apr 2026 monthly Dec 2017 - Apr 2026
Private Debt: % of Nominal GDP (%) 136.85 Dec 2025 quarterly Mar 1988 - Dec 2025
Depository Corp: Money Supply: Broad Money (NZD mn) 454,442.000 Apr 2026 monthly Mar 1988 - Apr 2026
Depository Corp: Domestic Credit (NZD mn) 636,006.000 Apr 2026 monthly Mar 1988 - Apr 2026
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) 137,839.000 Apr 2026 monthly Dec 2016 - Apr 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 (%) 86.700 Jun 2026 quarterly Mar 2022 - Jun 2026
House Price Inflation: Net Percent Expecting Higher (%) 12.000 Jun 2026 quarterly Mar 2022 - Jun 2026
Business Outlook Survey: Manufacturing: Business Confidence Index (Point) 25.500 May 2026 monthly Feb 1991 - May 2026
Business Outlook Survey: Service: Business Confidence Index (Point) 8.800 May 2026 monthly Feb 1991 - May 2026
Business Outlook Survey: Construction: Business Confidence Index (Point) 12.500 May 2026 monthly Feb 1991 - May 2026
Business Outlook Survey: All Industries: Business Confidence Index (Point) 10.000 May 2026 monthly Feb 1991 - May 2026
Business Outlook Survey: Retail: Business Confidence Index (Point) 9.800 May 2026 monthly Feb 1991 - May 2026
Performance Manufacturing Index (NA) 51.300 May 2026 monthly Aug 2002 - May 2026

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