New Zealand National Government Debt
2006 - 2025 | Quarterly | USD mn | CEIC Data
Key information about New Zealand National Government Debt
- New Zealand National Government Debt reached 123.7 USD bn in Sep 2025, compared with 124.1 USD bn in the previous quarter.
- New Zealand National Government Debt data is updated quarterly, available from Dec 2006 to Sep 2025.
- The data reached an all-time high of 124.1 USD bn in Jun 2025 and a record low of 21.4 USD bn in Sep 2008.
CEIC converts quarterly Government Debt into USD. The Treasury provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Sovereign Guaranteed Debt only.
Related information about New Zealand National Government Debt
- In the latest reports, New Zealand Consolidated Fiscal Balance recorded a deficit equal to 1.0 % of its Nominal GDP in Sep 2025.
- The country's Government debt accounted for 48.5 % of its Nominal GDP in Sep 2025.
- New Zealand Nominal GDP reached 65.7 USD bn in Jun 2025.
View New Zealand's National Government Debt from Dec 2006 to Sep 2025 in the chart:
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What was New Zealand's National Government Debt in Sep 2025?
New Zealand National Government Debt reached 123.7 USD bn in Sep 2025, compared with 124.1 USD bn in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 123,654.9Sep 2025 | 124,086.6Jun 2025 | 21,362.1Sep 2008 | 124,086.6Jun 2025 | USD mn | quarterly | Dec 2006 - Sep 2025 |
National Government Debt by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 16,715.8Sep 2025 | quarterly | Sep 2010 - Sep 2025 |
| Algeria (USD mn) | 127,109.62024 | yearly | 1997 - 2024 |
| Argentina (USD mn) | 454,037.1Sep 2025 | quarterly | Dec 1994 - Sep 2025 |
| Armenia (USD mn) | 14,204.4Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Australia (USD mn) | 685,976.32024 | yearly | 1999 - 2024 |
| Austria (USD mn) | 497,437.3Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Azerbaijan (USD mn) | 9,223.02021 | yearly | 2008 - 2021 |
| Bahrain (USD mn) | 50,938.0Nov 2025 | monthly | Mar 2001 - Nov 2025 |
| Belarus (USD mn) | 23,375.7May 2022 | monthly | Dec 2003 - May 2022 |
| Belgium (USD mn) | 797,839.2Sep 2025 | quarterly | Mar 1980 - Sep 2025 |
| Bolivia (USD mn) | 8,960.72014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (USD mn) | 3,449.62024 | yearly | 2007 - 2024 |
| Botswana (USD mn) | 4,996.32025 | yearly | 2002 - 2025 |
| Brazil (USD mn) | 1,829,088.8Dec 2025 | monthly | Dec 2000 - Dec 2025 |
| Bulgaria (USD mn) | 37,071.8Dec 2025 | monthly | Dec 2015 - Dec 2025 |
| Canada (USD mn) | 1,517,724.52025 | yearly | 1962 - 2025 |
| Chile (USD mn) | 149,182.1Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| China (USD mn) | 4,736,394.22024 | yearly | 2005 - 2024 |
| Colombia (USD mn) | 280,165.7Jun 2025 | quarterly | Dec 2001 - Jun 2025 |
| Croatia (USD mn) | 59,850.6Oct 2025 | monthly | Dec 1995 - Oct 2025 |
| Cyprus (USD mn) | 23,954.7Nov 2025 | monthly | Dec 2010 - Nov 2025 |
| Czech Republic (USD mn) | 174,839.6Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Denmark (USD mn) | 141,615.2Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Ecuador (USD mn) | 85,105.4Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Egypt (USD mn) | 330,374.5Sep 2025 | quarterly | Jun 2006 - Sep 2025 |
| Estonia (USD mn) | 11,044.7Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| European Union (USD mn) | 17,899,598.0Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Finland (USD mn) | 289,404.3Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| France (USD mn) | 4,020,987.6Jun 2025 | quarterly | Dec 1995 - Jun 2025 |
| Georgia (USD mn) | 13,286.4Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Germany (USD mn) | 3,271,285.0Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Greece (USD mn) | 431,674.3Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Hong Kong SAR, China (USD mn) | 190,786.02025 | yearly | 2003 - 2025 |
| Hungary (USD mn) | 192,814.7Sep 2025 | quarterly | Dec 1989 - Sep 2025 |
| Iceland (USD mn) | 20,025.72024 | yearly | 1998 - 2024 |
| India (USD mn) | 2,192,184.8Sep 2025 | quarterly | Dec 1998 - Sep 2025 |
| Indonesia (USD mn) | 547,950.7Jan 2025 | monthly | Jun 2009 - Jan 2025 |
| Ireland (USD mn) | 245,214.6Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Israel (USD mn) | 364,326.82024 | yearly | 1995 - 2024 |
| Italy (USD mn) | 3,624,882.7Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Ivory Coast (USD mn) | 3,853.22015 | yearly | 1975 - 2015 |
| Japan (USD mn) | 9,012,579.6Sep 2025 | monthly | Apr 1982 - Sep 2025 |
| Jordan (USD mn) | 51,156.6Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Kazakhstan (USD mn) | 72,503.6Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Kenya (USD mn) | 93,267.3Sep 2025 | monthly | Sep 1999 - Sep 2025 |
| South Korea (USD mn) | 896,321.5Sep 2025 | quarterly | Sep 2002 - Sep 2025 |
| Kosovo (USD mn) | 1,797.92024 | yearly | 2009 - 2024 |
| Kuwait (USD mn) | 6,701.5Nov 2025 | monthly | Dec 1993 - Nov 2025 |
| Kyrgyzstan (USD mn) | 8,850.1Nov 2025 | monthly | Jan 2011 - Nov 2025 |
| Latvia (USD mn) | 22,255.4Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Lebanon (USD mn) | 101,813.6Dec 2022 | monthly | Dec 2001 - Dec 2022 |
| Lithuania (USD mn) | 39,470.4Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Luxembourg (USD mn) | 28,692.8Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| North Macedonia (USD mn) | 10,002.3Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| Malawi (USD mn) | 2,620.02014 | yearly | 2010 - 2014 |
| Malaysia (USD mn) | 325,635.1Dec 2025 | quarterly | Mar 1978 - Dec 2025 |
| Malta (USD mn) | 13,160.7Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Mauritius (USD mn) | 12,831.7Dec 2025 | quarterly | Jun 2003 - Dec 2025 |
| Mexico (USD mn) | 1,095,450.4Dec 2025 | monthly | Dec 2005 - Dec 2025 |
| Moldova (USD mn) | 7,906.9Dec 2025 | monthly | Jan 2007 - Dec 2025 |
| Montenegro (USD mn) | 5,521.7Sep 2025 | monthly | Dec 2010 - Sep 2025 |
| Morocco (USD mn) | 91,099.0Dec 2022 | quarterly | Dec 2006 - Dec 2022 |
| Nepal (USD mn) | 14,538.42021 | yearly | 1990 - 2021 |
| Netherlands (USD mn) | 579,272.5Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| New Zealand (USD mn) | 123,654.9Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Nigeria (USD mn) | 97,066.2Jun 2025 | quarterly | Dec 2006 - Jun 2025 |
| Norway (USD mn) | 251,746.32024 | yearly | 1995 - 2024 |
| Oman (USD mn) | 37,971.42025 | yearly | 1990 - 2025 |
| Panama (USD mn) | 59,349.3Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| Paraguay (USD mn) | 16,217.12024 | yearly | 2003 - 2024 |
| Peru (USD mn) | 105,081.0Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Philippines (USD mn) | 301,127.7Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Poland (USD mn) | 611,821.3Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Portugal (USD mn) | 345,501.8Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Qatar (USD mn) | 26,518.72012 | yearly | 2003 - 2012 |
| Romania (USD mn) | 249,581.5Aug 2025 | monthly | Nov 2011 - Aug 2025 |
| Russia (USD mn) | 465,308.9Jan 2026 | monthly | May 2009 - Jan 2026 |
| Saudi Arabia (USD mn) | 388,533.32025 | yearly | 2004 - 2025 |
| Serbia (USD mn) | 46,175.3Dec 2025 | monthly | Sep 2004 - Dec 2025 |
| Singapore (USD mn) | 1,019,617.5Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| Slovakia (USD mn) | 98,260.7Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Slovenia (USD mn) | 55,072.6Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| South Africa (USD mn) | 352,108.9Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Spain (USD mn) | 2,005,898.9Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Sri Lanka (USD mn) | 98,101.8Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Sweden (USD mn) | 230,743.4Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Switzerland (USD mn) | 231,894.52024 | yearly | 1990 - 2024 |
| Taiwan, China (USD mn) | 210,211.62024 | yearly | 1996 - 2024 |
| Thailand (USD mn) | 346,186.9Nov 2025 | monthly | Oct 1997 - Nov 2025 |
| Tunisia (USD mn) | 46,921.1Sep 2025 | monthly | Apr 2011 - Sep 2025 |
| Turkey (USD mn) | 298,427.12024 | yearly | 2001 - 2024 |
| Ukraine (USD mn) | 206,804.7Dec 2025 | monthly | Dec 2004 - Dec 2025 |
| United Kingdom (USD mn) | 4,111,415.2Sep 2025 | quarterly | Mar 1966 - Sep 2025 |
| United States (USD mn) | 38,521,368.0Jan 2026 | monthly | Jan 1969 - Jan 2026 |
| Uruguay (USD mn) | 48,109.8Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Venezuela (USD mn) | 105,131.72016 | yearly | 1996 - 2016 |
| Vietnam (USD mn) | 150,597.52024 | yearly | 2010 - 2024 |
| Yemen (USD mn) | 20,434.22013 | yearly | 2004 - 2013 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doNew Zealand Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.0Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | 5,756.479Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Tax Revenue (USD mn) | 79,994.8822025 | yearly | 1999 - 2025 |
| Tax Revenue: % of GDP (%) | 31.22024 | yearly | 1999 - 2024 |
| National Government Debt (USD mn) | 123,654.9Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Government Debt: % of GDP (%) | 48.5Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Forecast: Government Expenditure (NZD bn) | 204.0482030 | yearly | 1985 - 2030 |
| Forecast: Government Net Debt (NZD bn) | 292.8132030 | yearly | 1985 - 2030 |
| Forecast: Government Revenue (NZD bn) | 204.0032030 | yearly | 1985 - 2030 |
| General Government: ytd: Borrowings: Gross Sovereign Issued Debt Excluding Reser... (NZD mn) | 219,606.789Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| General Government: ytd: Expenses (NZD mn) | 87,970.000Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| General Government: ytd: Revenue (NZD mn) | 82,650.000Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.7512030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | 30.2Dec 2025 | monthly | Jan 1960 - Dec 2025 |
| Total Exports (USD mn) | 3,950.9Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Total Exports Growth (%) | 14.9Dec 2025 | monthly | Jan 1952 - Dec 2025 |
| Aluminum: Exports (USD th) | 748,011.3882024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 141,065.7332024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 300,779.8992024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 4,043.2Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Total Imports Growth (%) | 4.4Nov 2025 | monthly | Jan 1961 - Nov 2025 |
| Imports: Medicament (USD th) | 1,026,250.1252024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 436,775.2302024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 498.558Dec 2025 | monthly | Jul 1981 - Dec 2025 |
| Total Imports from USA (USD mn) | 383.863Dec 2025 | monthly | Jan 1981 - Dec 2025 |
| Total Exports to China (USD mn) | 963.110Dec 2025 | monthly | Jul 1981 - Dec 2025 |
| Total Imports from China (USD mn) | 980.153Dec 2025 | monthly | Jul 1982 - Dec 2025 |
| Import Volume Index (Jun2002=1000) | 2,795.000Sep 2025 | quarterly | Mar 1949 - Sep 2025 |
| Exports: fob: Australia (NZD mn) | 998.379Dec 2025 | monthly | Jan 1988 - Dec 2025 |
| Exports: fob: United States (NZD mn) | 649.287Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: Japan (NZD mn) | 295.561Dec 2025 | monthly | Jul 1981 - Dec 2025 |
| Exports: fob: China (NZD mn) | 1,920.095Dec 2025 | monthly | Jul 1981 - Dec 2025 |
| Exports: fob: United Kingdom (NZD mn) | 253.182Dec 2025 | monthly | Jul 1981 - Dec 2025 |
| Exports: fob: Australia: sa (NZD mn) | 959.987Nov 2025 | monthly | Jul 1981 - Nov 2025 |
| Exports: fob: China: sa (NZD mn) | 1,664.265Dec 2025 | monthly | Jul 1981 - Dec 2025 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 322.580Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 746.365Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 54.105Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,784.116Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 476.594Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Term Trade Index (Jun2002=1000) | 1,476.000Dec 2024 | quarterly | Mar 1957 - Dec 2024 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,471.000Dec 2024 | quarterly | Mar 1951 - Dec 2024 |
| Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,435.000Dec 2024 | quarterly | Jun 1990 - Dec 2024 |
| Import Volume Index: sa (Jun2002=1000) | 2,606.000Dec 2024 | quarterly | Jun 1990 - Dec 2024 |
| Export Value Index (2015=100) | 130.2802021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 136.3892021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 90.7Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Money Supply M1 (USD mn) | 77,498.557Dec 2025 | monthly | Dec 2016 - Dec 2025 |
| Money Supply M2 (USD mn) | 257,754.940Dec 2025 | monthly | Mar 1988 - Dec 2025 |
| M2 Growth (%) | 4.1Dec 2025 | monthly | Mar 1989 - Dec 2025 |
| Foreign Exchange Reserves (USD mn) | 24,635.4Dec 2025 | monthly | Sep 2005 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 9.441Sep 2025 | quarterly | Sep 2005 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.6Dec 2025 | monthly | Sep 2005 - Dec 2025 |
| Gold Reserves (USD mn) | 0.000Dec 2025 | monthly | Dec 1950 - Dec 2025 |
| Total Deposits (USD mn) | 283,628.845Dec 2025 | monthly | Dec 2016 - Dec 2025 |
| Total Deposits Growth (%) | 4.6Dec 2025 | monthly | Dec 2017 - Dec 2025 |
| Domestic Credit (USD mn) | 368,484.6Dec 2025 | monthly | Mar 1988 - Dec 2025 |
| Domestic Credit Growth (%) | 4.2Dec 2025 | monthly | Mar 1989 - Dec 2025 |
| Credit to Households (USD bn) | 238.472Jun 2025 | quarterly | Dec 1990 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 423.842Jun 2025 | quarterly | Mar 1960 - Jun 2025 |
| Household Debt (USD mn) | 233,196.1Dec 2025 | monthly | Dec 1990 - Dec 2025 |
| Total Loans (USD mn) | 346,330.721Dec 2025 | monthly | Dec 2016 - Dec 2025 |
| Total Loans Growth (%) | 4.74Dec 2025 | monthly | Dec 2017 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 136.73Sep 2025 | quarterly | Mar 1988 - Sep 2025 |
| Depository Corp: Domestic Credit (NZD mn) | 640,286.000Dec 2025 | monthly | Mar 1988 - Dec 2025 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 447,880.000Dec 2025 | monthly | Mar 1988 - Dec 2025 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 134,663.000Dec 2025 | monthly | Dec 2016 - Dec 2025 |
| Official Reserve Assets (NZD mn) | 48,653.947Dec 2025 | monthly | Sep 2005 - Dec 2025 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 33,321.690Dec 2025 | monthly | Sep 2005 - Dec 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 10.2Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| House Price Inflation: Net Percent Expecting (%) | 72.100Mar 2025 | quarterly | Mar 2022 - Mar 2025 |
| House Price Inflation: Net Percent Expecting Higher (%) | -34.300Mar 2025 | quarterly | Mar 2022 - Mar 2025 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 74.100Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 64.100Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 63.000Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 61.700Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 61.300Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Performance Manufacturing Index (NA) | 53.900Jan 2026 | monthly | Aug 2002 - Jan 2026 |
More Indicators for New Zealand
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