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 (%) 267.4 Mar 2026 quarterly Jun 1988 - Mar 2026
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 (%) 830.8 2024 yearly 1994 - 2024
Estonia (%) 380.3 Mar 2026 quarterly Dec 2003 - Mar 2026
European Union (%) 679.5 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 (%) 392.1 Mar 2026 quarterly Dec 1995 - Mar 2026
Iceland (%) 679.7 2024 yearly 2003 - 2024
Ireland (%) 865.8 Dec 2025 quarterly Mar 2002 - Dec 2025
Italy (%) 550.5 Dec 2025 quarterly Dec 1995 - Dec 2025
Japan (%) 1,156.9 Mar 2026 quarterly Jun 1998 - Mar 2026
South Korea (%) 705.8 Mar 2026 quarterly Dec 2008 - Mar 2026
Latvia (%) 339.8 Dec 2025 quarterly Mar 2004 - Dec 2025
Lithuania (%) 326.8 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 7,036.9 Mar 2026 quarterly Dec 1995 - Mar 2026
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 (%) 958.3 Mar 2026 quarterly Mar 1999 - Mar 2026
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 (%) 450.3 Mar 2026 quarterly Dec 1995 - Mar 2026
Romania (%) 244.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Slovakia (%) 372.2 Sep 2025 quarterly Dec 2012 - Sep 2025
Slovenia (%) 318.1 Mar 2026 quarterly Mar 2004 - Mar 2026
Spain (%) 551.3 Mar 2026 quarterly Dec 1995 - Mar 2026
Sweden (%) 753.4 Mar 2026 quarterly Mar 1996 - Mar 2026
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 (%) 823.8 Mar 2026 quarterly Mar 1987 - Mar 2026
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 (%) -1.1 Mar 2026 quarterly Dec 1999 - Mar 2026
Consolidated Fiscal Balance (USD mn) -4,697.177 Mar 2026 quarterly Mar 1999 - Mar 2026
Tax Revenue (USD mn) 81,870.465 2026 yearly 1999 - 2026
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) 472.5 May 2026 monthly Jan 1960 - May 2026
Total Exports (USD mn) 5,242.6 May 2026 monthly Jan 1957 - May 2026
Total Exports Growth (%) 18.1 May 2026 monthly Jan 1952 - May 2026
Aluminum: Exports (USD th) 748,011.388 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 152,415.482 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 264,066.535 2025 yearly 1995 - 2025
Total Imports (USD mn) 4,770.1 May 2026 monthly Jan 1960 - May 2026
Total Imports Growth (%) 25.9 May 2026 monthly Jan 1961 - May 2026
Imports: Medicament (USD th) 1,026,474.302 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 472,882.012 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 700.529 May 2026 monthly Jul 1981 - May 2026
Total Imports from USA (USD mn) 409.865 May 2026 monthly Jan 1981 - May 2026
Total Exports to China (USD mn) 1,050.442 May 2026 monthly Jul 1981 - May 2026
Total Imports from China (USD mn) 1,091.436 May 2026 monthly Jul 1982 - May 2026
Import Volume Index (Jun2002=1000) 2,685.000 Mar 2026 quarterly Mar 1949 - Mar 2026
Import Volume Index: sa (Jun2002=1000) 2,830.000 Mar 2026 quarterly Jun 1990 - 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) 1,186.131 May 2026 monthly Jul 1981 - May 2026
Exports: fob: Japan (NZD mn) 509.122 May 2026 monthly Jul 1981 - May 2026
Exports: fob: United Kingdom (NZD mn) 249.634 May 2026 monthly Jul 1981 - May 2026
Exports: fob: China (NZD mn) 2,103.473 May 2026 monthly Jul 1981 - May 2026
Exports: fob: Australia: sa (NZD mn) 1,023.183 May 2026 monthly Jul 1981 - May 2026
Exports: fob: China: sa (NZD mn) 1,778.601 May 2026 monthly Jul 1981 - May 2026
Exports: fob: SITC: Mineral Fuels (NZD mn) 70.121 May 2026 monthly Jan 2002 - May 2026
Exports: fob: SITC: Crude Materials (NZD mn) 852.351 May 2026 monthly Jan 2002 - May 2026
Exports: fob: SITC: Manufacturing: Goods (NZD mn) 448.407 May 2026 monthly Jan 2002 - May 2026
Exports: fob: SITC: Food & Live Animals (NZD mn) 5,773.788 May 2026 monthly Jan 2002 - May 2026
Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) 506.713 May 2026 monthly Jan 2002 - May 2026
Term Trade Index (Jun2002=1000) 1,561.000 Mar 2026 quarterly Mar 1957 - Mar 2026
Export Value Index (2015=100) 123.100 2024 yearly 2005 - 2024
Import Value Index (2015=100) 128.200 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 243.2 Mar 2026 quarterly Jun 2000 - Mar 2026
Current Account Balance (USD mn) -2,045.3 Jun 2025 quarterly Jun 1971 - Jun 2025
Current Account Balance: % of GDP (%) -4.0 Mar 2026 quarterly Jun 1987 - Mar 2026
Foreign Direct Investment (USD mn) 2,377.8 Mar 2026 quarterly Jun 2000 - Mar 2026
Foreign Direct Investment: % of GDP (%) 3.5 Mar 2026 quarterly Jun 2000 - Mar 2026
Foreign Portfolio Investment (USD mn) 5,130.953 Mar 2026 quarterly Jun 1995 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 7.6 Mar 2026 quarterly Jun 1995 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 940.1 Mar 2026 quarterly Jun 2000 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) 4,190.809 Mar 2026 quarterly Jun 1995 - Mar 2026
External Debt (USD mn) 257,677.5 Mar 2026 quarterly Mar 1993 - Mar 2026
External Debt: % of GDP (%) 98.3 2025 yearly 1993 - 2025
External Debt: Short Term (USD mn) 83,973.5 Mar 2026 quarterly Jun 2000 - Mar 2026
External Debt: Short Term: % of GDP (%) 32.0 2025 yearly 2000 - 2025
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) -110,266.952 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Current Account: Goods (NZD mn) -90.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: Services: Debit (NZD mn) 8,902.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Financial Account: Assets (NZD mn) 20,899.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Financial Account (NZD mn) -6,149.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Financial Account: Liabilities (NZD mn) 14,751.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Financial Account: Assets: Reserve Assets (NZD mn) 12,355.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Financial Account: Liabilities: Financial Derivatives (NZD mn) -1,829.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Capital Account (NZD mn) -42.000 Mar 2026 quarterly Jun 1996 - Mar 2026
Balance of Payment: Current Account: Primary Income: Credit (NZD mn) 4,110.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Financial Account: Assets: Portfolio Investment (NZD mn) -4,178.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Net Errors and Omissions (NZD mn) 7,198.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Current Account (NZD mn) -1,008.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Financial Account: Assets: Other Investment (NZD mn) 13,838.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Current Account: Goods: Credit (NZD mn) 20,605.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Financial Account: Assets: Direct Investment (NZD mn) 412.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Financial Account: Liabilities: Direct Investment (NZD mn) 4,029.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Financial Account: Liabilities: Portfolio Investment (NZD mn) 8,694.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Current Account: Services (NZD mn) 2,587.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Capital Account: Credit (NZD mn) 164.000 Mar 2026 quarterly Jun 1996 - Mar 2026
Balance of Payment: Current Account: Primary Income: Debit (NZD mn) 7,406.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: Goods: Debit (NZD mn) 20,694.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: Services: Credit (NZD mn) 11,489.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: Primary Income (NZD mn) -3,297.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Capital Account: Debit (NZD mn) 206.000 Mar 2026 quarterly Mar 1997 - Mar 2026
Balance of Payment: Financial Account: Assets: Financial Derivatives (NZD mn) -1,528.000 Mar 2026 quarterly Jun 2000 - Mar 2026
Balance of Payment: Financial Account: Liabilities: Other Investment (NZD mn) 3,856.000 Mar 2026 quarterly Jun 2000 - Mar 2026
BOP: Current Account: Goods & Services (NZD mn) 2,497.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: sa: GS: Services: Debit (NZD mn) 9,367.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: sa: GS: Goods: Debit (NZD mn) 22,092.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: sa: GS: Services (NZD mn) 33.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: sa: GS: Goods (NZD mn) -1,080.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: sa: GS: Services: Credit (NZD mn) 9,400.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: sa: GS: Goods: Credit (NZD mn) 21,011.000 Mar 2026 quarterly Jun 1971 - Mar 2026
Balance of Payment: Current Account: sa (NZD mn) -4,552.000 Mar 2026 quarterly Jun 1971 - Mar 2026
IIP: Assets (NZD mn) 504,786.000 Mar 2026 quarterly Jun 2000 - Mar 2026
International Investment Position: Liabilities (NZD mn) 697,898.000 Mar 2026 quarterly Jun 2000 - Mar 2026
IIP: Net (NZD mn) -193,112.000 Mar 2026 quarterly Jun 2000 - Mar 2026
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) 80,752.386 May 2026 monthly Dec 2016 - May 2026
Money Supply M2 (USD mn) 270,266.763 May 2026 monthly Mar 1988 - May 2026
M2 Growth (%) 4.3 May 2026 monthly Mar 1989 - May 2026
Foreign Exchange Reserves (USD mn) 29,365.6 May 2026 monthly Sep 2005 - May 2026
Foreign Exchange Reserves: % of GDP (%) 9.623 Dec 2025 quarterly Sep 2005 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 6.1 May 2026 monthly Sep 2005 - May 2026
Gold Reserves (USD mn) 0.000 May 2026 monthly Dec 1950 - May 2026
Total Deposits (USD mn) 295,583.562 May 2026 monthly Dec 2016 - May 2026
Total Deposits Growth (%) 4.1 May 2026 monthly Dec 2017 - May 2026
Domestic Credit (USD mn) 380,667.0 May 2026 monthly Mar 1988 - May 2026
Domestic Credit Growth (%) 3.6 May 2026 monthly Mar 1989 - May 2026
Credit to Households (USD bn) 233.633 Dec 2025 quarterly Dec 1990 - Dec 2025
Credit to Private Non-Financial Sector (USD bn) 413.335 Dec 2025 quarterly Mar 1960 - Dec 2025
Household Debt (USD mn) 247,765.0 May 2026 monthly Dec 1990 - May 2026
Total Loans (USD mn) 366,277.177 May 2026 monthly Dec 2016 - May 2026
Total Loans Growth (%) 4.96 May 2026 monthly Dec 2017 - May 2026
Private Debt: % of Nominal GDP (%) 136.85 Dec 2025 quarterly Mar 1988 - Dec 2025
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) 134,767.000 May 2026 monthly Dec 2016 - May 2026
Depository Corp: Money Supply: Broad Money (NZD mn) 451,046.000 May 2026 monthly Mar 1988 - May 2026
Depository Corp: Domestic Credit (NZD mn) 635,292.000 May 2026 monthly Mar 1988 - May 2026
Official Reserve Assets (NZD mn) 54,698.014 May 2026 monthly Sep 2005 - May 2026
Official Reserve Assets: Foreign Currency Reserves (NZD mn) 42,411.014 May 2026 monthly Sep 2005 - May 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: All Industries: Business Confidence Index (Point) 36.600 Jun 2026 monthly Feb 1991 - Jun 2026
Business Outlook Survey: Construction: Business Confidence Index (Point) 32.100 Jun 2026 monthly Feb 1991 - Jun 2026
Business Outlook Survey: Service: Business Confidence Index (Point) 30.400 Jun 2026 monthly Feb 1991 - Jun 2026
Business Outlook Survey: Manufacturing: Business Confidence Index (Point) 58.000 Jun 2026 monthly Feb 1991 - Jun 2026
Business Outlook Survey: Retail: Business Confidence Index (Point) 44.400 Jun 2026 monthly Feb 1991 - Jun 2026
Performance Manufacturing Index (NA) 57.462 Jun 2026 monthly Aug 2002 - Jun 2026

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