New Zealand Household Debt: % of GDP
1990 - 2024 | Quarterly | % | CEIC Data
Key information about New Zealand Household Debt: % of GDP
- New Zealand household debt accounted for 89.9 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 89.5 % in the previous quarter.
- New Zealand household debt to GDP ratio is updated quarterly, available from Dec 1990 to Sep 2024.
- The data reached an all-time high of 98.5 % in Mar 2021 and a record low of 27.9 % in Dec 1990.
CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Reserve Bank of New Zealand provides Household Debt in local currency. Stats NZ provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household debts includes Housing and Personal Consumer Loans.
Related information about New Zealand Household Debt: % of GDP
- In the latest reports, New Zealand Household Debt reached 215.0 USD bn in Dec 2024.
- Money Supply M2 in New Zealand increased 4.1 % YoY in Dec 2024.
- New Zealand Foreign Exchange Reserves was measured at 23.5 USD bn in Jan 2025.
- The Foreign Exchange Reserves equaled 6.2 Months of Import in Jan 2025.
- New Zealand Domestic Credit reached 343.9 USD bn in Dec 2024, representing an increased of 2.2 % YoY.
View New Zealand's Household Debt: % of GDP from Dec 1990 to Sep 2024 in the chart:
What was New Zealand's Household Debt: % of GDP in Sep 2024?
New Zealand household debt accounted for 89.9 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 89.5 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 89.9 Sep 2024 | 89.5 Jun 2024 | 27.9 Dec 1990 | 98.5 Mar 2021 | % | quarterly | Dec 1990 - Sep 2024 |
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 12.0 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Argentina (%) | 4.5 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Armenia (%) | 30.8 Dec 2024 | quarterly | Dec 2000 - Dec 2024 |
| Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Austria (%) | 44.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Azerbaijan (%) | 13.1 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Belarus (%) | 10.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Belgium (%) | 59.0 Sep 2024 | quarterly | Dec 1992 - Sep 2024 |
| Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
| Bosnia and Herzegovina (%) | 24.8 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Botswana (%) | 20.9 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Brunei (%) | 14.5 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Bulgaria (%) | 27.8 2023 | yearly | 1995 - 2023 |
| Cambodia (%) | 26.6 2022 | yearly | 2008 - 2022 |
| Canada (%) | 99.2 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Chile (%) | 39.2 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Colombia (%) | 31.3 Jun 2024 | quarterly | Dec 2015 - Jun 2024 |
| Croatia (%) | 32.6 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Cyprus (%) | 79.6 2023 | yearly | 1995 - 2023 |
| Czech Republic (%) | 34.1 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Denmark (%) | 92.2 2023 | yearly | 1994 - 2023 |
| Ecuador (%) | 17.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Egypt (%) | 7.3 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Estonia (%) | 39.1 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| European Union (%) | 44.1 Dec 2024 | quarterly | Sep 1997 - Dec 2024 |
| Finland (%) | 74.9 2023 | yearly | 1995 - 2023 |
| France (%) | 74.2 2023 | yearly | 1977 - 2023 |
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Germany (%) | 50.3 Sep 2024 | quarterly | Dec 1991 - Sep 2024 |
| Greece (%) | 46.2 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Hong Kong SAR, China (%) | 87.8 Dec 2024 | quarterly | Mar 1982 - Dec 2024 |
| Hungary (%) | 19.9 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Iceland (%) | 73.1 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| India (%) | 17.1 2024 | yearly | 1998 - 2024 |
| Indonesia (%) | 10.0 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Ireland (%) | 31.7 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Israel (%) | 42.6 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Italy (%) | 48.0 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Japan (%) | 65.1 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
| Jordan (%) | 80.6 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| South Korea (%) | 93.7 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Kosovo (%) | 22.0 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Kuwait (%) | 0.9 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Kyrgyzstan (%) | 9.1 Dec 2024 | quarterly | Dec 2000 - Dec 2024 |
| Latvia (%) | 22.0 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Lithuania (%) | 28.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Luxembourg (%) | 64.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Macau SAR, China (%) | 80.6 Dec 2024 | quarterly | Dec 2001 - Dec 2024 |
| North Macedonia (%) | 26.0 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 |
| Malta (%) | 40.6 Dec 2024 | quarterly | Dec 2003 - Dec 2024 |
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
| Mexico (%) | 16.5 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Mongolia (%) | 27.5 Dec 2024 | quarterly | Mar 2004 - Dec 2024 |
| Montenegro (%) | 25.6 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Morocco (%) | 23.5 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 97.4 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| New Zealand (%) | 89.9 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
| Norway (%) | 90.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Panama (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Peru (%) | 15.9 Dec 2024 | quarterly | Mar 2001 - Dec 2024 |
| Philippines (%) | 11.3 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Poland (%) | 23.5 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Portugal (%) | 65.9 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Romania (%) | 15.4 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Russia (%) | 20.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Saudi Arabia (%) | 12.1 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Serbia (%) | 16.9 Dec 2024 | quarterly | Dec 2003 - Dec 2024 |
| Singapore (%) | 51.9 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Slovakia (%) | 44.7 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Slovenia (%) | 27.6 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| South Africa (%) | 40.7 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Spain (%) | 48.9 Jun 2024 | quarterly | Dec 1989 - Jun 2024 |
| Sri Lanka (%) | 6.5 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Sweden (%) | 86.2 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Switzerland (%) | 128.2 2023 | yearly | 1999 - 2023 |
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
| Taiwan (%) | 95.6 2023 | yearly | 2000 - 2023 |
| Thailand (%) | 88.8 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
| Turkey (%) | 10.0 Sep 2024 | quarterly | Dec 2014 - Sep 2024 |
| Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
| United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
| United Kingdom (%) | 81.6 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
| United States (%) | 61.7 Dec 2024 | quarterly | Mar 1999 - Dec 2024 |
| Uruguay (%) | 11.1 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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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 (%) | -1.0 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -151.235 Dec 2024 | quarterly | Mar 1999 - Dec 2024 |
| Tax Revenue (USD mn) | 80,859.209 2024 | yearly | 1999 - 2024 |
| Tax Revenue: % of GDP (%) | 30.2 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 111,415.6 Dec 2024 | quarterly | Dec 2006 - Dec 2024 |
| Government Debt: % of GDP (%) | 44.3 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Forecast: Government Expenditure (NZD bn) | 194.423 2029 | yearly | 1985 - 2029 |
| Forecast: Government Net Debt (NZD bn) | 236.804 2029 | yearly | 1985 - 2029 |
| Forecast: Government Revenue (NZD bn) | 195.599 2029 | yearly | 1985 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.471 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | -273.5 Jan 2025 | monthly | Jan 1960 - Jan 2025 |
| Total Exports (USD mn) | 3,486.6 Jan 2025 | monthly | Jan 1957 - Jan 2025 |
| Total Exports Growth (%) | 28.3 Jan 2025 | monthly | Jan 1952 - Jan 2025 |
| Aluminum: Exports (USD th) | 796,821.124 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 133,163.766 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 279,372.038 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 3,760.2 Jan 2025 | monthly | Jan 1960 - Jan 2025 |
| Total Imports Growth (%) | 13.4 Jan 2025 | monthly | Jan 1961 - Jan 2025 |
| Imports: Medicament (USD th) | 1,071,353.476 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 469,470.056 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 419.218 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Total Imports from USA (USD mn) | 415.389 Jan 2025 | monthly | Jan 1981 - Jan 2025 |
| Total Exports to China (USD mn) | 1,049.425 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Total Imports from China (USD mn) | 790.477 Jan 2025 | monthly | Jul 1982 - Jan 2025 |
| Term Trade Index (Jun2002=1000) | 1,476.000 Dec 2024 | quarterly | Mar 1957 - Dec 2024 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 38.565 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 236.566 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,121.955 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 339.821 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 568.228 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Exports: fob: Australia (NZD mn) | 670.162 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Exports: fob: United States (NZD mn) | 744.218 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: China (NZD mn) | 1,782.288 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: Japan (NZD mn) | 262.997 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: United Kingdom (NZD mn) | 132.621 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: China: sa (NZD mn) | 1,862.996 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: Australia: sa (NZD mn) | 805.745 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,471.000 Dec 2024 | quarterly | Mar 1951 - Dec 2024 |
| Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,435.000 Dec 2024 | quarterly | Jun 1990 - Dec 2024 |
| Import Volume Index (Jun2002=1000) | 2,725.000 Dec 2024 | quarterly | Mar 1949 - Dec 2024 |
| Import Volume Index: sa (Jun2002=1000) | 2,606.000 Dec 2024 | quarterly | Jun 1990 - Dec 2024 |
| Export Value Index (2015=100) | 130.280 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 136.389 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 89.9 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
| Money Supply M1 (USD mn) | 67,705.960 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Money Supply M2 (USD mn) | 242,023.033 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| M2 Growth (%) | 4.6 Jan 2025 | monthly | Mar 1989 - Jan 2025 |
| Foreign Exchange Reserves (USD mn) | 23,546.0 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 6.453 Sep 2024 | quarterly | Sep 2005 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 6.2 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Gold Reserves (USD mn) | 0.000 Jan 2025 | monthly | Dec 1950 - Jan 2025 |
| Total Deposits (USD mn) | 265,858.106 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Total Deposits Growth (%) | 5.2 Jan 2025 | monthly | Dec 2017 - Jan 2025 |
| Domestic Credit (USD mn) | 344,109.9 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| Domestic Credit Growth (%) | 2.0 Jan 2025 | monthly | Mar 1989 - Jan 2025 |
| Credit to Households (USD bn) | 228.714 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 405.766 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Household Debt (USD mn) | 218,452.7 Jan 2025 | monthly | Dec 1990 - Jan 2025 |
| Total Loans (USD mn) | 326,720.523 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Total Loans Growth (%) | 3.34 Jan 2025 | monthly | Dec 2017 - Jan 2025 |
| Private Debt: % of Nominal GDP (%) | 136.01 Sep 2024 | quarterly | Mar 1988 - Sep 2024 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 426,999.000 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 119,453.000 Jan 2025 | monthly | Dec 2016 - Jan 2025 |
| Depository Corp: Domestic Credit (NZD mn) | 607,110.000 Jan 2025 | monthly | Mar 1988 - Jan 2025 |
| Official Reserve Assets (NZD mn) | 47,313.777 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 33,868.526 Jan 2025 | monthly | Sep 2005 - Jan 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
| House Price Inflation: Net Percent Expecting (%) | 72.100 Mar 2025 | quarterly | Mar 2022 - Mar 2025 |
| House Price Inflation: Net Percent Expecting Higher (%) | -34.300 Mar 2025 | quarterly | Mar 2022 - Mar 2025 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 65.800 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 54.400 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 58.400 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 58.500 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 60.800 Feb 2025 | monthly | Feb 1991 - Feb 2025 |
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