New Zealand Government Debt (% of GDP)
Everything government owes, across all levels of government, compared with the size of the economy.
51.4%
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 Debt (% of GDP)
1985 to 2024
Source: IMF World Economic Outlook (GGXWDG_NGDP) · general government gross debt, % 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 Debt (% of GDP) in context
Worked out from the published series shown above.
In New Zealand, the government debt rose by 4.1pp in 2024, from 47.3% in 2023.
It is the highest reading since 1993.
Over the past five years it has ranged from 31.8% in 2019 to 51.4% in 2024.
Its average since 1985 is 38.9%, and the latest reading is above that.
New Zealand is 25th of 36 countries in our Government Debt to GDP by Country ranking.
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 gross measure, so it differs from the Treasury's net core Crown debt.
Data refreshed 2026-10-07. Figures are the latest published observations and can be revised.
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