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New Zealand · Government debt

New Zealand Government debt

Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). · updated 2025-12-31

Latest · 202554.73%
Previous · 202451.38%
Highest · 202554.73%
Lowest · 200716.31%

New Zealand's government debt stands at 54.73% as of 2025-12-31, up from 51.38% in 2024. Historical data runs from 1996 to 2025 (30 observations).

Recent trend

In 2025, New Zealand's government debt was 54.73%, up from 51.38% in 2024.

In 2024, New Zealand's government debt was 51.38%, up from 47.29% in 2023.

In 2023, New Zealand's government debt was 47.29%, up from 46.91% in 2022.

In 2022, New Zealand's government debt was 46.91%, down from 47.57% in 2021.

In 2021, New Zealand's government debt was 47.57%, up from 43.19% in 2020.

New Zealand Government debt — historical data

YearValueChange
202554.73%+3.36%
202451.38%+4.08%
202347.29%+0.3881%
202246.91%-0.663%
202147.57%+4.38%
202043.19%+11.34%
201931.85%+3.72%
201828.12%-3.01%
201731.14%-2.22%
201633.36%-0.8765%
201534.24%+0.0527%
201434.19%-0.3717%
201334.56%-1.11%
201235.67%+0.9904%
201134.68%+5.08%
201029.6%+5.32%
200924.28%+5.31%
200818.97%+2.66%
200716.31%-2.09%
200618.4%-2.38%
200520.78%-1.72%
200422.51%-2.21%
200324.72%-1.68%
200226.4%-1.76%
200128.16%-1.86%
200030.02%-1.97%
199932%-2.48%
199834.48%-0.1678%
199734.64%-2.61%
199637.26%—

Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). · Download this series as CSV — free, attribution required (CC BY 4.0).

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Frequently asked questions

What is New Zealand's government debt?

New Zealand's government debt is 54.73% as of 2025-12-31, compared with 51.38% in 2024. Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO).

What was the highest government debt in New Zealand?

The highest recorded value is 54.73% (2025); the lowest is 16.31% (2007), across data from 1996 to 2025.

Where does this data come from?

Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). Figures are republished with attribution and updated as the source releases new observations.