Central government debt, total in New Zealand
New Zealand: Central government debt, total was 224.61 billion current LCU in 2024. ▲ Rising
Central government debt, total in New Zealand, 2002–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, central government debt, total in New Zealand stood at 224.61 billion current LCU. That is the highest value across all 23 years on record.
That represents a change of up 7.9% on the previous year and up 110.8% over ten years.
Over the whole period, central government debt, total in New Zealand peaked at 224.61 billion current LCU in 2024 and was at its lowest, 44.31 billion current LCU, in 2002.
That places New Zealand 47th out of 83 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Central government debt, total in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 44.31 billion current LCU | — |
| 2003 | 69.72 billion current LCU | +57.3% |
| 2004 | 67.80 billion current LCU | -2.7% |
| 2005 | 71.97 billion current LCU | +6.1% |
| 2006 | 73.88 billion current LCU | +2.7% |
| 2007 | 69.02 billion current LCU | -6.6% |
| 2008 | 68.37 billion current LCU | -0.9% |
| 2009 | 62.06 billion current LCU | -9.2% |
| 2010 | 70.78 billion current LCU | +14.1% |
| 2011 | 102.54 billion current LCU | +44.9% |
| 2012 | 112.35 billion current LCU | +9.6% |
| 2013 | 108.13 billion current LCU | -3.8% |
| 2014 | 106.57 billion current LCU | -1.4% |
| 2015 | 109.64 billion current LCU | +2.9% |
| 2016 | 112.35 billion current LCU | +2.5% |
| 2017 | 112.40 billion current LCU | +0.0% |
| 2018 | 112.15 billion current LCU | -0.2% |
| 2019 | 105.95 billion current LCU | -5.5% |
| 2020 | 150.25 billion current LCU | +41.8% |
| 2021 | 184.22 billion current LCU | +22.6% |
| 2022 | 212.36 billion current LCU | +15.3% |
| 2023 | 208.23 billion current LCU | -1.9% |
| 2024 | 224.61 billion current LCU | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 65.89 billion current LCU | 44.31 billion current LCU | 73.88 billion current LCU | 8 |
| 2010s | 105.29 billion current LCU | 70.78 billion current LCU | 112.40 billion current LCU | 10 |
| 2020s | 195.94 billion current LCU | 150.25 billion current LCU | 224.61 billion current LCU | 5 |
Countries ranked near New Zealand
- 44 Peru 309.59 billion current LCU compare
- 45 Mauritius 296.83 billion current LCU compare
- 46 Norway 275.92 billion current LCU
- 48 Bhutan 202.15 billion current LCU compare
- 49 Switzerland 190.25 billion current LCU compare
- 50 Netherlands 170.01 billion current LCU
More public sector data for New Zealand
- Arms imports 200.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 37.81 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -50.62 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 200.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 566.83 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0115 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -1.01 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 3.00 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,538 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is central government debt, total in New Zealand?
- Central government debt, total in New Zealand was 224.61 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in New Zealand?
- The highest recorded value was 224.61 billion current LCU in 2024.
- What is the lowest central government debt, total recorded in New Zealand?
- The lowest recorded value was 44.31 billion current LCU in 2002.
- How does New Zealand rank for central government debt, total?
- New Zealand ranks 47th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in New Zealand?
- Over the last ten years it is up 110.8%. The long-run trend across the full record is rising.
- Where does this New Zealand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.