New Zealand M2 Growth
1989 - 2024 | Monthly | % | CEIC Data
Key information about New Zealand M2 Growth
- New Zealand Money Supply M2 increased 3.3 % YoY in Feb 2024, compared with a growth of 3.8 % in the previous month
- New Zealand Money Supply M2 growth data is updated monthly, available from Mar 1989 to Feb 2024
- The data reached an all-time high of 15.7 % in Oct 1996 and a record low of -1.0 % in May 1999
CEIC calculates M2 Growth Rate from monthly M2. The Reserve Bank of New Zealand provides M2 in local currency
View New Zealand's M2 Growth from Mar 1989 to Feb 2024 in the chart:
What was New Zealand's M2 Growth in Feb 2024?
New Zealand Money Supply M2 increased 3.3 % YoY in Feb 2024, compared with a growth of 3.8 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.3 Feb 2024 | 3.8 Jan 2024 | -1.0 May 1999 | 15.7 Oct 1996 | % | monthly | Mar 1989 - Feb 2024 |
M2 Growth by Country Comparison
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Includes M2 Growth on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.7 Feb 2024 | monthly | Dec 1994 - Feb 2024 |
| Algeria (%) | 14.5 Dec 2022 | monthly | Jan 2002 - Dec 2022 |
| Argentina (%) | 215.4 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
| Armenia (%) | 20.8 Nov 2023 | monthly | Jan 2003 - Nov 2023 |
| Australia (%) | 5.2 Feb 2024 | monthly | Mar 1966 - Feb 2024 |
| Austria (%) | -0.8 Feb 2024 | monthly | Sep 1998 - Feb 2024 |
| Azerbaijan (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
| Bahrain (%) | 0.9 Jan 2024 | monthly | Dec 1975 - Jan 2024 |
| Bangladesh (%) | 8.9 Feb 2024 | monthly | Jun 1987 - Feb 2024 |
| Belarus (%) | 31.8 Mar 2024 | monthly | Dec 1990 - Mar 2024 |
| Belgium (%) | -2.6 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Bolivia (%) | 7.6 Oct 2023 | monthly | Dec 1988 - Oct 2023 |
| Bosnia and Herzegovina (%) | 8.4 Feb 2024 | monthly | Aug 1998 - Feb 2024 |
| Botswana (%) | 8.6 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
| Brazil (%) | 15.5 Feb 2024 | monthly | Jan 1971 - Feb 2024 |
| Bulgaria (%) | 8.8 Jan 2024 | monthly | Dec 1996 - Jan 2024 |
| Cambodia (%) | 14.9 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| Canada (%) | 3.5 Jan 2024 | monthly | Jan 1969 - Jan 2024 |
| Chile (%) | 6.2 Mar 2024 | monthly | Jan 1987 - Mar 2024 |
| China (%) | 8.3 Mar 2024 | monthly | Mar 1997 - Mar 2024 |
| Colombia (%) | 6.0 Feb 2024 | monthly | Dec 1980 - Feb 2024 |
| Croatia (%) | 3.2 Feb 2024 | monthly | Jun 1995 - Feb 2024 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 8.9 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
| Denmark (%) | 3.4 Aug 2017 | monthly | Jan 1996 - Aug 2017 |
| Ecuador (%) | 6.3 Feb 2024 | monthly | Dec 2007 - Feb 2024 |
| Egypt (%) | 16.6 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Estonia (%) | 5.8 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| European Union (%) | -0.7 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Finland (%) | -18.4 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| France (%) | -0.9 Feb 2024 | monthly | Dec 1978 - Feb 2024 |
| Georgia (%) | 29.6 Feb 2024 | monthly | Oct 1996 - Feb 2024 |
| Germany (%) | -0.9 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Ghana (%) | 37.2 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Greece (%) | 1.3 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
| Hong Kong SAR, China (%) | 4.0 Feb 2024 | monthly | Dec 1981 - Feb 2024 |
| Hungary (%) | 1.6 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Iceland (%) | 10.0 Feb 2024 | monthly | Sep 1987 - Feb 2024 |
| India (%) | 6.5 Jan 2024 | monthly | Mar 1995 - Jan 2024 |
| Indonesia (%) | 5.3 Feb 2024 | monthly | Feb 1969 - Feb 2024 |
| Iran (%) | 25.4 Jan 2024 | monthly | Dec 2000 - Jan 2024 |
| Ireland (%) | 2.3 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Israel (%) | -5.8 Nov 2023 | monthly | Apr 1982 - Nov 2023 |
| Italy (%) | -2.2 Jan 2024 | monthly | Dec 1975 - Jan 2024 |
| Ivory Coast (%) | 2.0 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
| Japan (%) | 2.5 Mar 2024 | monthly | Jan 1968 - Mar 2024 |
| Jordan (%) | 3.9 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
| Kazakhstan (%) | 18.8 Feb 2024 | monthly | Dec 1994 - Feb 2024 |
| Kenya (%) | 24.3 Dec 2023 | monthly | Dec 1996 - Dec 2023 |
| South Korea (%) | 3.8 Jan 2024 | monthly | Jan 1971 - Jan 2024 |
| Kosovo (%) | 11.7 2022 | yearly | 2002 - 2022 |
| Kuwait (%) | -0.6 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Kyrgyzstan (%) | 11.4 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
| Laos (%) | 33.3 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Latvia (%) | 4.0 Jan 2024 | monthly | Jan 2015 - Jan 2024 |
| Lebanon (%) | -5.5 Nov 2023 | monthly | Dec 1980 - Nov 2023 |
| Lithuania (%) | 2.6 Feb 2024 | monthly | Dec 1994 - Feb 2024 |
| Luxembourg (%) | -8.3 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Macau SAR, China (%) | 4.1 Feb 2024 | monthly | Jun 1985 - Feb 2024 |
| North Macedonia (%) | 6.3 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Malawi (%) | 36.0 Jun 2023 | monthly | Jan 1976 - Jun 2023 |
| Malaysia (%) | 5.6 Feb 2024 | monthly | Dec 1970 - Feb 2024 |
| Malta (%) | 4.8 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Mauritius (%) | 6.6 Feb 2024 | monthly | Jul 1977 - Feb 2024 |
| Mexico (%) | 12.5 Feb 2024 | monthly | Dec 1986 - Feb 2024 |
| Moldova (%) | 19.5 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Mongolia (%) | 24.3 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Montenegro (%) | 22.9 2022 | yearly | 2003 - 2022 |
| Morocco (%) | 6.7 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Mozambique (%) | 4.4 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
| Myanmar (%) | 10.9 Jun 2023 | quarterly | Dec 2002 - Jun 2023 |
| Nepal (%) | 14.0 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
| Netherlands (%) | -2.3 Feb 2024 | monthly | Dec 1957 - Feb 2024 |
| New Zealand (%) | 3.3 Feb 2024 | monthly | Mar 1989 - Feb 2024 |
| Nigeria (%) | 77.6 Feb 2024 | monthly | Nov 1993 - Feb 2024 |
| Norway (%) | -0.9 Feb 2024 | monthly | Dec 1993 - Feb 2024 |
| Oman (%) | 14.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Pakistan (%) | 15.3 Feb 2024 | monthly | Jan 1989 - Feb 2024 |
| Palestinian Territory (%) | 6.3 Feb 2024 | monthly | Jul 2003 - Feb 2024 |
| Panama (%) | 3.9 Dec 2023 | monthly | Dec 2003 - Dec 2023 |
| Paraguay (%) | 12.2 Feb 2024 | monthly | Dec 1989 - Feb 2024 |
| Peru (%) | 2.3 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Philippines (%) | 6.5 Jan 2024 | monthly | Dec 1989 - Jan 2024 |
| Poland (%) | 7.4 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Portugal (%) | 2.8 Feb 2024 | monthly | Dec 1980 - Feb 2024 |
| Qatar (%) | 6.5 Feb 2024 | monthly | Jan 1983 - Feb 2024 |
| Romania (%) | 10.7 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Russia (%) | 18.4 Feb 2024 | monthly | Dec 1992 - Feb 2024 |
| Saudi Arabia (%) | 10.5 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Serbia (%) | 15.2 Feb 2024 | monthly | Aug 2002 - Feb 2024 |
| Singapore (%) | 2.9 Feb 2024 | monthly | Mar 2005 - Feb 2024 |
| Slovakia (%) | 3.7 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
| Slovenia (%) | 4.3 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| South Africa (%) | 5.6 Feb 2024 | monthly | Mar 1966 - Feb 2024 |
| Spain (%) | -0.2 Dec 2023 | monthly | Jan 1963 - Dec 2023 |
| Sri Lanka (%) | 8.9 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Sudan (%) | 43.9 Feb 2023 | monthly | Dec 2004 - Feb 2023 |
| Sweden (%) | -1.5 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Switzerland (%) | -10.4 Jun 2023 | monthly | Dec 1985 - Jun 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.6 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -114.714 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Tax Revenue (USD mn) | 78,682.575 2023 | yearly | 1999 - 2023 |
| Tax Revenue: % of GDP (%) | 31.5 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 99,408.0 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Government Debt: % of GDP (%) | 38.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Forecast: Government Expenditure (NZD bn) | 198.754 2028 | yearly | 1985 - 2028 |
| Forecast: Government Net Debt (NZD bn) | 240.233 2028 | yearly | 1985 - 2028 |
| Forecast: Government Revenue (NZD bn) | 198.840 2028 | yearly | 1985 - 2028 |
| General Government: ytd: Expenses (NZD mn) | 84,661.000 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| General Government: ytd: Revenue (NZD mn) | 82,119.000 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| General Government: ytd: Borrowings (NZD mn) | 248,109.000 Dec 2023 | quarterly | Jun 2002 - Dec 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.748 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -133.5 Feb 2024 | monthly | Jan 1960 - Feb 2024 |
| Total Exports (USD mn) | 3,606.2 Feb 2024 | monthly | Jan 1957 - Feb 2024 |
| Total Exports Growth (%) | 16.2 Feb 2024 | monthly | Jan 1952 - Feb 2024 |
| Aluminum: Exports (USD th) | 899,348.562 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 148,665.511 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 256,958.049 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 3,739.7 Feb 2024 | monthly | Jan 1960 - Feb 2024 |
| Total Imports Growth (%) | 3.3 Feb 2024 | monthly | Jan 1961 - Feb 2024 |
| Imports: Medicament (USD th) | 974,970.031 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 727,040.199 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 542.087 Feb 2024 | monthly | Jul 1981 - Feb 2024 |
| Total Imports from USA (USD mn) | 275.255 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Total Exports to China (USD mn) | 1,063.182 Feb 2024 | monthly | Jul 1981 - Feb 2024 |
| Total Imports from China (USD mn) | 899.642 Feb 2024 | monthly | Jul 1982 - Feb 2024 |
| Import Volume Index: sa (Jun2002=1000) | 2,434.000 Dec 2023 | quarterly | Jun 1990 - Dec 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 91.5 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
| Money Supply M1 (USD mn) | 70,530.739 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Money Supply M2 (USD mn) | 248,361.092 Feb 2024 | monthly | Mar 1988 - Feb 2024 |
| M2 Growth (%) | 3.3 Feb 2024 | monthly | Mar 1989 - Feb 2024 |
| Foreign Exchange Reserves (USD mn) | 15,974.3 Feb 2024 | monthly | Sep 2005 - Feb 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.716 Dec 2023 | quarterly | Sep 2005 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 Feb 2024 | monthly | Sep 2005 - Feb 2024 |
| Gold Reserves (USD mn) | 0.000 Feb 2024 | monthly | Dec 1950 - Feb 2024 |
| Total Deposits (USD mn) | 271,656.291 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Total Deposits Growth (%) | 3.1 Feb 2024 | monthly | Dec 2017 - Feb 2024 |
| Domestic Credit (USD mn) | 361,531.0 Feb 2024 | monthly | Mar 1988 - Feb 2024 |
| Domestic Credit Growth (%) | 0.8 Feb 2024 | monthly | Mar 1989 - Feb 2024 |
| Credit to Households (USD bn) | 221.186 Sep 2023 | quarterly | Dec 1990 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 388.325 Sep 2023 | quarterly | Mar 1960 - Sep 2023 |
| Household Debt (USD mn) | 226,676.0 Feb 2024 | monthly | Dec 1990 - Feb 2024 |
| Total Loans (USD mn) | 340,916.239 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Total Loans Growth (%) | 2.59 Feb 2024 | monthly | Dec 2017 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 138.64 Dec 2023 | quarterly | Mar 1988 - Dec 2023 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 407,684.000 Feb 2024 | monthly | Mar 1988 - Feb 2024 |
| Depository Corp: Domestic Credit (NZD mn) | 593,452.000 Feb 2024 | monthly | Mar 1988 - Feb 2024 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 115,776.000 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
| House Price Inflation: Net Percent Expecting (%) | 57.800 Mar 2024 | quarterly | Jun 2011 - Mar 2024 |
| House Price Inflation: Net Percent Expecting Higher (%) | -51.200 Mar 2024 | quarterly | Mar 2022 - Mar 2024 |
| Performance Manufacturing Index (NA) | 46.400 Mar 2024 | monthly | Aug 2002 - Mar 2024 |
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