New Zealand Government Budget Balance (% of GDP)
The yearly gap between government spending and revenue as a share of GDP; negative means a deficit.
−3.2%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full New Zealand economy18 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.Government Budget Balance (% of GDP)
1985 to 2024
Source: IMF World Economic Outlook (GGXCNL_NGDP) · general government net lending/borrowing, % of GDP, annual · actual years only. The IMF's figures for the years after the one shown are projections, which this site does not publish.
New Zealand Government Budget Balance (% of GDP) in context
Worked out from the published series shown above.
In New Zealand, the government budget balance was unchanged in 2024, from −3.2% in 2023.
It is the highest reading since 2019.
Over the past five years it has ranged from −4.2% in 2020 to −2.4% in 2019.
Its average since 1985 is −0.8%, and the latest reading is below that.
How this series is defined
Everything you need to check the figure against the source.
- Source
- IMF
- Series
- World
- Frequency
- Annual
- Unit
- %
- Seasonal adjustment
- Not applicable, annual data
- Latest observation
- 2024
- Revision status
- Latest published estimate, subject to revision
This is the IMF's general government measure on calendar years, so it differs from the Treasury's operating balance for the June fiscal year.
Data refreshed 2026-10-07. Figures are the latest published observations and can be revised.
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