Data / Government balance / New Zealand

Government balance in New Zealand

Government balance in New Zealand was -3.9% of GDP in 2024, according to the Organisation for Economic Co-operation and Development. That is down 0.3 pts from 2023. That is the 23rd highest of 38 countries in 2024.

2024, % of GDP-3.9
Change on 2023-0.3 pts
Rank23rd of 38Countries ranked
Series high52006
Series low-7.72020

Government balance in New Zealand, 1986 to 2024

-10-5051019861992199820042010201620241986: -6.6 % of GDP1987: -2.2 % of GDP1988: -4.7 % of GDP1989: -3.3 % of GDP1990: -4.4 % of GDP1991: -3.4 % of GDP1992: -2.9 % of GDP1993: -0.6 % of GDP1994: 2.5 % of GDP1995: 2.3 % of GDP1996: 2.4 % of GDP1997: 1 % of GDP1998: -0.1 % of GDP1999: -0.2 % of GDP2000: 1.6 % of GDP2001: 1.3 % of GDP2002: 3.3 % of GDP2003: 3.4 % of GDP2004: 3.8 % of GDP2005: 4.5 % of GDP2006: 5 % of GDP2007: 4.1 % of GDP2008: 0.3 % of GDP2009: -3 % of GDP2010: -7.1 % of GDP2011: -4.3 % of GDP2012: -2.4 % of GDP2013: -0.9 % of GDP2014: 0.2 % of GDP2015: -0 % of GDP2016: 1 % of GDP2017: 1.5 % of GDP2018: 0.7 % of GDP2019: -0.4 % of GDP2020: -7.7 % of GDP2021: -4 % of GDP2022: -3 % of GDP2023: -3.6 % of GDP2024: -3.9 % of GDP
% of GDP. Source: OECD, OECD National Accounts at a Glance: net lending (+) or net borrowing (-) of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, B9S13). Retrieved 2026-10-12, published 2026-10-12.
All 39 values
Period% of GDP
2024-3.9
2023-3.6
2022-3
2021-4
2020-7.7
2019-0.4
20180.7
20171.5
20161
2015-0
20140.2
2013-0.9
2012-2.4
2011-4.3
2010-7.1
2009-3
20080.3
20074.1
20065
20054.5
20043.8
20033.4
20023.3
20011.3
20001.6
1999-0.2
1998-0.1
19971
19962.4
19952.3
19942.5
1993-0.6
1992-2.9
1991-3.4
1990-4.4
1989-3.3
1988-4.7
1987-2.2
1986-6.6

Rankings

Definition

General government net lending (+) or net borrowing (-) as a percentage of GDP.

How to cite

OECD. OECD National Accounts at a Glance: net lending (+) or net borrowing (-) of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, B9S13). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.html

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Questions

What is the government balance as a share of GDP in New Zealand?

Government balance in New Zealand was -3.9% of GDP in 2024, according to the Organisation for Economic Co-operation and Development. That is down 0.3 pts from 2023. That is the 23rd highest of 38 countries in 2024.

Where does this figure come from?

Organisation for Economic Co-operation and Development. OECD National Accounts at a Glance: net lending (+) or net borrowing (-) of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, B9S13). Retrieved by Invokely on 2026-10-12.

What was the highest government balance as a share of GDP in New Zealand?

5% of GDP in 2006, the highest value since 1986 in this series.

Government balance in other countries

Related statistics for New Zealand

All statistics for New Zealand