Interest payments in New Zealand
New Zealand: Interest payments was 4.7% in 2024. ◆ Volatile
Interest payments in New Zealand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for interest payments in New Zealand is 4.7%, measured in 2024.
Compared with earlier readings it is up 11.3% on the previous year and up 4.3% over ten years.
Over the whole period, interest payments in New Zealand peaked at 19.7% in 1986 and was at its lowest, 1.9%, in 2008.
New Zealand ranks 95th of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in New Zealand, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 8.6% | — |
| 1973 | 7.6% | -11.9% |
| 1974 | 7.1% | -7.0% |
| 1975 | 7.7% | +9.1% |
| 1976 | 8.6% | +11.1% |
| 1977 | 9.0% | +5.0% |
| 1978 | 10.5% | +16.1% |
| 1979 | 11.1% | +6.2% |
| 1980 | 11.3% | +2.0% |
| 1981 | 12.3% | +8.9% |
| 1982 | 13.2% | +6.7% |
| 1983 | 17.2% | +30.6% |
| 1984 | 18.5% | +7.4% |
| 1985 | 19.5% | +5.8% |
| 1986 | 19.7% | +0.7% |
| 1987 | 18.6% | -5.4% |
| 1988 | 16.6% | -10.7% |
| 2001 | 6.0% | -64.2% |
| 2002 | 4.9% | -18.5% |
| 2003 | 5.0% | +3.2% |
| 2004 | 4.7% | -5.9% |
| 2005 | 4.5% | -4.4% |
| 2006 | 3.9% | -14.6% |
| 2007 | 3.4% | -11.1% |
| 2008 | 1.9% | -43.2% |
| 2009 | 3.3% | +70.5% |
| 2010 | 3.8% | +14.7% |
| 2011 | 4.5% | +17.8% |
| 2012 | 5.0% | +11.9% |
| 2013 | 5.0% | -0.6% |
| 2014 | 4.5% | -10.5% |
| 2015 | 4.4% | -1.8% |
| 2016 | 4.0% | -7.8% |
| 2017 | 3.8% | -6.6% |
| 2018 | 3.6% | -5.7% |
| 2019 | 3.3% | -7.5% |
| 2020 | 3.1% | -6.2% |
| 2021 | 2.8% | -9.8% |
| 2022 | 3.2% | +15.1% |
| 2023 | 4.2% | +30.4% |
| 2024 | 4.7% | +11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.8% | 7.1% | 11.1% | 8 |
| 1980s | 16.3% | 11.3% | 19.7% | 9 |
| 2000s | 4.2% | 1.9% | 6.0% | 9 |
| 2010s | 4.2% | 3.3% | 5.0% | 10 |
| 2020s | 3.6% | 2.8% | 4.7% | 5 |
Countries ranked near New Zealand
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 interest payments in New Zealand?
- Interest payments in New Zealand was 4.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in New Zealand?
- The highest recorded value was 19.7% in 1986.
- What is the lowest interest payments recorded in New Zealand?
- The lowest recorded value was 1.9% in 2008.
- How does New Zealand rank for interest payments?
- New Zealand ranks 95th out of 155 countries with data for 2024.
- Is interest payments rising or falling in New Zealand?
- Over the last ten years it is up 4.3%. The long-run trend across the full record is volatile.
- 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 Interest payments (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.