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 91.0 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 91.0 % in the previous quarter.
- New Zealand household debt to GDP ratio is updated quarterly, available from Dec 1990 to Jun 2024.
- The data reached an all-time high of 98.7 % in Mar 2021 and a record low of 27.8 % 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. Statistics New Zealand 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 223.9 USD bn in Jul 2024.
- Money Supply M2 in New Zealand increased 3.2 % YoY in Jul 2024.
- New Zealand Foreign Exchange Reserves was measured at 17.8 USD bn in Jul 2024.
- The Foreign Exchange Reserves equaled 4.2 Months of Import in Jul 2024.
- New Zealand Domestic Credit reached 357.7 USD bn in Jul 2024, representing an increased of 1.7 % YoY.
View New Zealand's Household Debt: % of GDP from Dec 1990 to Jun 2024 in the chart:
What was New Zealand's Household Debt: % of GDP in Jun 2024?
New Zealand household debt accounted for 91.0 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 91.0 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 91.0 Jun 2024 | 91.0 Mar 2024 | 27.8 Dec 1990 | 98.7 Mar 2021 | % | quarterly | Dec 1990 - Jun 2024 |
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 11.9 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Argentina (%) | 4.1 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
| Armenia (%) | 27.1 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Austria (%) | 43.9 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Azerbaijan (%) | 11.9 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Belarus (%) | 10.1 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Belgium (%) | 59.3 Jun 2024 | quarterly | Dec 1992 - Jun 2024 |
| Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
| Bosnia and Herzegovina (%) | 24.5 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Botswana (%) | 20.5 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
| Brunei (%) | 14.3 Jun 2024 | quarterly | Dec 2013 - Jun 2024 |
| Bulgaria (%) | 27.8 2023 | yearly | 1995 - 2023 |
| Cambodia (%) | 26.6 2022 | yearly | 2008 - 2022 |
| Canada (%) | 100.5 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Chile (%) | 39.7 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Colombia (%) | 31.5 Jun 2024 | quarterly | Dec 2015 - Jun 2024 |
| Croatia (%) | 33.5 Jun 2024 | quarterly | Mar 2012 - Jun 2024 |
| Cyprus (%) | 83.3 2022 | yearly | 1995 - 2022 |
| Czech Republic (%) | 34.1 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Denmark (%) | 86.5 2022 | yearly | 1994 - 2022 |
| Ecuador (%) | 17.2 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Egypt (%) | 7.4 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
| Estonia (%) | 38.7 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| European Union (%) | 44.7 Jun 2024 | quarterly | Sep 1997 - Jun 2024 |
| Finland (%) | 75.9 2023 | yearly | 1995 - 2023 |
| France (%) | 71.6 2023 | yearly | 1977 - 2023 |
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Germany (%) | 50.4 Jun 2024 | quarterly | Dec 1991 - Jun 2024 |
| Greece (%) | 47.3 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Hong Kong SAR, China (%) | 90.0 Jun 2024 | quarterly | Mar 1982 - Jun 2024 |
| Hungary (%) | 19.7 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Iceland (%) | 73.4 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| India (%) | 17.4 2024 | yearly | 1998 - 2024 |
| Indonesia (%) | 9.9 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Ireland (%) | 30.8 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Israel (%) | 42.2 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Italy (%) | 48.6 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Japan (%) | 65.4 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Jordan (%) | 81.0 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| South Korea (%) | 93.9 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
| Kosovo (%) | 21.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Kuwait (%) | 0.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Kyrgyzstan (%) | 7.1 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Latvia (%) | 20.7 Mar 2024 | quarterly | Mar 2004 - Mar 2024 |
| Lithuania (%) | 28.1 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Luxembourg (%) | 68.0 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Macau SAR, China (%) | 80.5 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| North Macedonia (%) | 27.6 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 |
| Malta (%) | 40.4 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
| Mexico (%) | 16.5 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Mongolia (%) | 25.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Montenegro (%) | 25.2 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Morocco (%) | 23.5 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 89.5 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| New Zealand (%) | 91.0 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
| Norway (%) | 93.5 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
| Panama (%) | 38.2 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
| Peru (%) | 16.5 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Philippines (%) | 11.0 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Poland (%) | 23.6 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| Portugal (%) | 67.5 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
| Romania (%) | 15.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Russia (%) | 20.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Saudi Arabia (%) | 11.9 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| Serbia (%) | 18.1 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| Singapore (%) | 52.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Slovakia (%) | 44.6 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Slovenia (%) | 27.4 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| South Africa (%) | 40.5 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Spain (%) | 48.9 Jun 2024 | quarterly | Dec 1989 - Jun 2024 |
| Sri Lanka (%) | 6.6 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Sweden (%) | 86.7 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Switzerland (%) | 128.2 2023 | yearly | 1999 - 2023 |
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
| Taiwan (%) | 88.7 2022 | yearly | 2000 - 2022 |
| Thailand (%) | 89.6 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
| Turkey (%) | 11.0 Mar 2024 | quarterly | Dec 2014 - Mar 2024 |
| Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
| United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
| United Kingdom (%) | 82.1 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
| United States (%) | 62.5 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Uruguay (%) | 11.0 Jun 2024 | quarterly | Dec 2005 - Jun 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 (%) | -1.6 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | 5,246.112 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Tax Revenue (USD mn) | 80,859.209 2024 | yearly | 1999 - 2024 |
| Tax Revenue: % of GDP (%) | 30.8 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 118,791.5 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Government Debt: % of GDP (%) | 42.6 Jun 2024 | quarterly | Dec 2006 - Jun 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 |
| General Government: ytd: Expenses (NZD mn) | 45,813.000 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| General Government: ytd: Revenue (NZD mn) | 41,681.000 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| General Government: ytd: Borrowings (NZD mn) | 256,738.000 Sep 2024 | quarterly | Jun 2002 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.471 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | -1,312.0 Sep 2024 | monthly | Jan 1960 - Sep 2024 |
| Total Exports (USD mn) | 3,119.1 Sep 2024 | monthly | Jan 1957 - Sep 2024 |
| Total Exports Growth (%) | 5.2 Sep 2024 | monthly | Jan 1952 - Sep 2024 |
| Aluminum: Exports (USD th) | 796,821.124 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 148,665.511 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 256,958.049 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 4,431.2 Sep 2024 | monthly | Jan 1960 - Sep 2024 |
| Total Imports Growth (%) | -0.9 Sep 2024 | monthly | Jan 1961 - Sep 2024 |
| Imports: Medicament (USD th) | 974,970.031 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 727,040.199 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 372.945 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Total Imports from USA (USD mn) | 605.123 Sep 2024 | monthly | Jan 1981 - Sep 2024 |
| Total Exports to China (USD mn) | 839.029 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Total Imports from China (USD mn) | 822.811 Sep 2024 | monthly | Jul 1982 - Sep 2024 |
| Term Trade Index (Jun2002=1000) | 1,393.000 Jun 2024 | quarterly | Mar 1957 - Jun 2024 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 32.306 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 663.638 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 264.307 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 2,745.534 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 466.179 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Exports: fob: Australia (NZD mn) | 759.454 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Exports: fob: United States (NZD mn) | 599.204 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Exports: fob: Japan (NZD mn) | 243.068 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Exports: fob: China (NZD mn) | 1,137.598 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Exports: fob: United Kingdom (NZD mn) | 108.231 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Exports: fob: Australia: sa (NZD mn) | 725.819 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Exports: fob: China: sa (NZD mn) | 1,348.055 Sep 2024 | monthly | Jul 1981 - Sep 2024 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,584.000 Jun 2024 | quarterly | Mar 1951 - Jun 2024 |
| Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,441.000 Jun 2024 | quarterly | Jun 1990 - Jun 2024 |
| Import Volume Index: sa (Jun2002=1000) | 2,572.000 Jun 2024 | quarterly | Jun 1990 - Jun 2024 |
| Import Volume Index (Jun2002=1000) | 2,414.000 Jun 2024 | quarterly | Mar 1949 - Jun 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 (%) | 91.0 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
| Money Supply M1 (USD mn) | 74,207.851 Sep 2024 | monthly | Dec 2016 - Sep 2024 |
| Money Supply M2 (USD mn) | 265,403.275 Sep 2024 | monthly | Mar 1988 - Sep 2024 |
| M2 Growth (%) | 3.0 Sep 2024 | monthly | Mar 1989 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 17,316.3 Sep 2024 | monthly | Sep 2005 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 5.764 Jun 2024 | quarterly | Sep 2005 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.8 Sep 2024 | monthly | Sep 2005 - Sep 2024 |
| Gold Reserves (USD mn) | 0.000 Sep 2024 | monthly | Dec 1950 - Sep 2024 |
| Total Deposits (USD mn) | 290,883.909 Sep 2024 | monthly | Dec 2016 - Sep 2024 |
| Total Deposits Growth (%) | 3.2 Sep 2024 | monthly | Dec 2017 - Sep 2024 |
| Domestic Credit (USD mn) | 382,408.7 Sep 2024 | monthly | Mar 1988 - Sep 2024 |
| Domestic Credit Growth (%) | 1.4 Sep 2024 | monthly | Mar 1989 - Sep 2024 |
| Credit to Households (USD bn) | 234.071 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 412.164 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Household Debt (USD mn) | 241,301.5 Sep 2024 | monthly | Dec 1990 - Sep 2024 |
| Total Loans (USD mn) | 361,060.799 Sep 2024 | monthly | Dec 2016 - Sep 2024 |
| Total Loans Growth (%) | 2.71 Sep 2024 | monthly | Dec 2017 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 137.41 Jun 2024 | quarterly | Mar 1988 - Jun 2024 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 116,624.000 Sep 2024 | monthly | Dec 2016 - Sep 2024 |
| Depository Corp: Domestic Credit (NZD mn) | 600,988.000 Sep 2024 | monthly | Mar 1988 - Sep 2024 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 417,104.000 Sep 2024 | monthly | Mar 1988 - Sep 2024 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 19,148.577 Sep 2024 | monthly | Sep 2005 - Sep 2024 |
| 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 (%) | 64.900 Jun 2024 | quarterly | Jun 2011 - Jun 2024 |
| House Price Inflation: Net Percent Expecting Higher (%) | -47.300 Jun 2024 | quarterly | Mar 2022 - Jun 2024 |
| Performance Manufacturing Index (NA) | 47.800 Sep 2024 | monthly | Aug 2002 - Sep 2024 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 63.200 Oct 2024 | monthly | Feb 1991 - Oct 2024 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 71.700 Oct 2024 | monthly | Feb 1991 - Oct 2024 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 66.700 Oct 2024 | monthly | Feb 1991 - Oct 2024 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 65.700 Oct 2024 | monthly | Feb 1991 - Oct 2024 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 65.500 Oct 2024 | monthly | Feb 1991 - Oct 2024 |
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