New Zealand recorded a Government Debt to GDP of 41.80 percent of the country's Gross Domestic Product in 2025. Government Debt to GDP in New Zealand averaged 24.99 percent of GDP from 1972 until 2025, reaching an all time high of 54.80 percent of GDP in 1992 and a record low of 4.40 percent of GDP in 1974. source: New Zealand Treasury

Government Debt to GDP in New Zealand is expected to reach 48.00 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Government Net Debt to GDP is projected to trend around 50.40 percent of GDP in 2027 and 52.10 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 183502.00 180061.00 NZD Million Dec 2025
Budget Day 2022 -2.10 -2.10 percent of GDP Dec 2025
Government Budget Value -9306.00 -12854.00 NZD Million Dec 2025
Government Debt 182171.00 175464.00 NZD Million Dec 2025
Government Debt to GDP 41.80 45.20 percent of GDP Dec 2025
Government Revenues 169811.00 167347.00 NZD Million Dec 2025


New Zealand Government Net Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
41.80 45.20 54.80 4.40 1972 - 2025 percent of GDP Yearly