New Zealand M2 Growth
1989 - 2024 | Monthly | % | CEIC Data
Key information about New Zealand M2 Growth
- New Zealand Money Supply M2 increased 4.1 % YoY in Dec 2024, compared with a growth of 3.4 % in the previous month
- New Zealand Money Supply M2 growth data is updated monthly, available from Mar 1989 to Dec 2024
- The data reached an all-time high of 15.7 % in Oct 1996 and a record low of -1.0 % in May 1999
CEIC calculates M2 Growth Rate from monthly M2. The Reserve Bank of New Zealand provides M2 in local currency
View New Zealand's M2 Growth from Mar 1989 to Dec 2024 in the chart:
What was New Zealand's M2 Growth in Dec 2024?
New Zealand Money Supply M2 increased 4.1 % YoY in Dec 2024, compared with a growth of 3.4 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.1 Dec 2024 | 3.4 Nov 2024 | -1.0 May 1999 | 15.7 Oct 1996 | % | monthly | Mar 1989 - Dec 2024 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 5.8 Nov 2024 | monthly | Dec 1994 - Nov 2024 |
| Algeria (%) | 4.0 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
| Argentina (%) | 114.5 Dec 2024 | monthly | Jan 1991 - Dec 2024 |
| Armenia (%) | 16.9 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Australia (%) | 5.5 Dec 2024 | monthly | Mar 1966 - Dec 2024 |
| Austria (%) | 2.9 Dec 2024 | monthly | Sep 1998 - Dec 2024 |
| Azerbaijan (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
| Bahrain (%) | 2.2 Nov 2024 | monthly | Dec 1975 - Nov 2024 |
| Bangladesh (%) | 7.6 Dec 2024 | monthly | Jun 1987 - Dec 2024 |
| Belarus (%) | 28.6 Dec 2024 | monthly | Dec 1990 - Dec 2024 |
| Belgium (%) | 6.9 Dec 2024 | monthly | Dec 1997 - Dec 2024 |
| Bolivia (%) | 15.3 Jun 2024 | monthly | Dec 1988 - Jun 2024 |
| Bosnia and Herzegovina (%) | 9.3 Dec 2024 | monthly | Aug 1998 - Dec 2024 |
| Botswana (%) | 7.7 Nov 2024 | monthly | Jan 2002 - Nov 2024 |
| Brazil (%) | 11.6 Dec 2024 | monthly | Jan 1971 - Dec 2024 |
| Bulgaria (%) | 8.6 Jan 2025 | monthly | Dec 1996 - Jan 2025 |
| Cambodia (%) | 17.5 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Canada (%) | 5.8 Nov 2024 | monthly | Jan 1969 - Nov 2024 |
| Chile (%) | 5.1 Jan 2025 | monthly | Jan 1987 - Jan 2025 |
| China (%) | 7.0 Jan 2025 | monthly | Mar 1997 - Jan 2025 |
| Colombia (%) | 7.8 Jan 2025 | monthly | Dec 1980 - Jan 2025 |
| Croatia (%) | 4.2 Dec 2024 | monthly | Jun 1995 - Dec 2024 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 7.7 Dec 2024 | monthly | Jan 2003 - Dec 2024 |
| Denmark (%) | 3.4 Aug 2017 | monthly | Jan 1996 - Aug 2017 |
| Ecuador (%) | 10.1 Dec 2024 | monthly | Dec 2007 - Dec 2024 |
| Egypt (%) | 31.1 Dec 2024 | monthly | Jan 1997 - Dec 2024 |
| Estonia (%) | 7.4 Dec 2024 | monthly | Jan 2012 - Dec 2024 |
| European Union (%) | 3.1 Dec 2024 | monthly | Jan 1981 - Dec 2024 |
| Finland (%) | -0.8 Dec 2024 | monthly | Jan 1981 - Dec 2024 |
| France (%) | 0.4 Dec 2024 | monthly | Dec 1978 - Dec 2024 |
| Georgia (%) | 10.0 Jan 2025 | monthly | Oct 1996 - Jan 2025 |
| Germany (%) | 3.9 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Ghana (%) | 44.5 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Greece (%) | 2.5 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Hong Kong SAR, China (%) | 7.3 Dec 2024 | monthly | Dec 1981 - Dec 2024 |
| Hungary (%) | 7.7 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Iceland (%) | 15.1 Jan 2025 | monthly | Sep 1987 - Jan 2025 |
| India (%) | 7.9 Nov 2024 | monthly | Mar 1995 - Nov 2024 |
| Indonesia (%) | 4.4 Dec 2024 | monthly | Feb 1969 - Dec 2024 |
| Iran (%) | 26.8 Jun 2024 | monthly | Dec 2000 - Jun 2024 |
| Ireland (%) | 7.4 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Israel (%) | 6.6 Dec 2024 | monthly | Apr 1982 - Dec 2024 |
| Italy (%) | 1.3 Dec 2024 | monthly | Dec 1975 - Dec 2024 |
| Ivory Coast (%) | 4.6 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
| Japan (%) | 1.3 Jan 2025 | monthly | Jan 1968 - Jan 2025 |
| Jordan (%) | 6.1 Dec 2024 | monthly | Jan 1991 - Dec 2024 |
| Kazakhstan (%) | 19.7 Nov 2024 | monthly | Dec 1994 - Nov 2024 |
| Kenya (%) | 7.1 Dec 2024 | monthly | Dec 1996 - Dec 2024 |
| South Korea (%) | 6.7 Dec 2024 | monthly | Jan 1971 - Dec 2024 |
| Kosovo (%) | 11.3 2023 | yearly | 2002 - 2023 |
| Kuwait (%) | 4.3 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Kyrgyzstan (%) | 31.5 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Laos (%) | 23.3 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Latvia (%) | 6.7 Dec 2024 | monthly | Jan 2015 - Dec 2024 |
| Lebanon (%) | 7.4 Nov 2024 | monthly | Dec 1980 - Nov 2024 |
| Lithuania (%) | 11.8 Dec 2024 | monthly | Dec 1994 - Dec 2024 |
| Luxembourg (%) | 7.1 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Macau SAR, China (%) | 8.0 Dec 2024 | monthly | Jun 1985 - Dec 2024 |
| North Macedonia (%) | 7.0 Jan 2025 | monthly | Jan 2004 - Jan 2025 |
| Malawi (%) | 36.0 Jun 2023 | monthly | Jan 1976 - Jun 2023 |
| Malaysia (%) | 3.7 Dec 2024 | monthly | Dec 1970 - Dec 2024 |
| Malta (%) | 5.6 Dec 2024 | monthly | Jan 2009 - Dec 2024 |
| Mauritius (%) | 13.1 Dec 2024 | monthly | Jul 1977 - Dec 2024 |
| Mexico (%) | 14.3 Dec 2024 | monthly | Dec 1986 - Dec 2024 |
| Moldova (%) | 14.6 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Mongolia (%) | 15.2 Dec 2024 | monthly | Dec 1997 - Dec 2024 |
| Montenegro (%) | 12.0 2023 | yearly | 2003 - 2023 |
| Morocco (%) | 8.1 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| Mozambique (%) | 14.9 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Myanmar (%) | 15.9 Mar 2024 | quarterly | Dec 2002 - Mar 2024 |
| Nepal (%) | 10.2 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
| Netherlands (%) | 1.5 Dec 2024 | monthly | Dec 1957 - Dec 2024 |
| New Zealand (%) | 4.1 Dec 2024 | monthly | Mar 1989 - Dec 2024 |
| Nigeria (%) | 18.3 Jan 2025 | monthly | Nov 1993 - Jan 2025 |
| Norway (%) | 3.4 Dec 2024 | monthly | Dec 1993 - Dec 2024 |
| Oman (%) | 11.0 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Pakistan (%) | 8.0 Dec 2024 | monthly | Jan 1989 - Dec 2024 |
| Palestinian Territory (%) | 7.1 Dec 2024 | monthly | Jul 2003 - Dec 2024 |
| Panama (%) | 8.4 Nov 2024 | monthly | Dec 2003 - Nov 2024 |
| Paraguay (%) | 12.0 Dec 2024 | monthly | Dec 1989 - Dec 2024 |
| Peru (%) | 11.6 Dec 2024 | monthly | Jan 1993 - Dec 2024 |
| Philippines (%) | 8.2 Dec 2024 | monthly | Dec 1989 - Dec 2024 |
| Poland (%) | 8.5 Nov 2024 | monthly | Dec 1997 - Nov 2024 |
| Portugal (%) | 6.7 Dec 2024 | monthly | Dec 1980 - Dec 2024 |
| Qatar (%) | -0.6 Dec 2024 | monthly | Jan 1983 - Dec 2024 |
| Romania (%) | 10.1 Jan 2025 | monthly | Dec 2002 - Jan 2025 |
| Russia (%) | 19.2 Dec 2024 | monthly | Dec 1992 - Dec 2024 |
| Saudi Arabia (%) | 9.7 Dec 2024 | monthly | Jan 1994 - Dec 2024 |
| Serbia (%) | 17.7 Dec 2024 | monthly | Aug 2002 - Dec 2024 |
| Singapore (%) | 6.7 Dec 2024 | monthly | Mar 2005 - Dec 2024 |
| Slovakia (%) | 5.4 Dec 2024 | monthly | Dec 2001 - Dec 2024 |
| Slovenia (%) | 1.3 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| South Africa (%) | 6.1 Dec 2024 | monthly | Mar 1966 - Dec 2024 |
| Spain (%) | 4.9 Dec 2024 | monthly | Jan 1963 - Dec 2024 |
| Sri Lanka (%) | 10.2 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Sudan (%) | 43.9 Feb 2023 | monthly | Dec 2004 - Feb 2023 |
| Sweden (%) | 1.1 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Switzerland (%) | -10.4 Jun 2023 | monthly | Dec 1985 - Jun 2023 |
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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) | 125.7 Dec 2024 | monthly | Jan 1960 - Dec 2024 |
| Total Exports (USD mn) | 3,930.9 Dec 2024 | monthly | Jan 1957 - Dec 2024 |
| Total Exports Growth (%) | 17.0 Dec 2024 | monthly | Jan 1952 - Dec 2024 |
| 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) | 3,805.2 Dec 2024 | monthly | Jan 1960 - Dec 2024 |
| Total Imports Growth (%) | 6.5 Dec 2024 | monthly | Jan 1961 - Dec 2024 |
| 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) | 485.765 Dec 2024 | monthly | Jul 1981 - Dec 2024 |
| Total Imports from USA (USD mn) | 454.674 Dec 2024 | monthly | Jan 1981 - Dec 2024 |
| Total Exports to China (USD mn) | 946.408 Dec 2024 | monthly | Jul 1981 - Dec 2024 |
| Total Imports from China (USD mn) | 803.342 Dec 2024 | monthly | Jul 1982 - Dec 2024 |
| Term Trade Index (Jun2002=1000) | 1,429.000 Sep 2024 | quarterly | Mar 1957 - Sep 2024 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 274.759 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 519.645 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 697.863 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,285.287 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 71.315 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Exports: fob: Australia (NZD mn) | 809.309 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Exports: fob: United States (NZD mn) | 845.103 Dec 2024 | monthly | Jul 1981 - Dec 2024 |
| Exports: fob: Japan (NZD mn) | 268.276 Dec 2024 | monthly | Jul 1981 - Dec 2024 |
| Exports: fob: United Kingdom (NZD mn) | 204.004 Dec 2024 | monthly | Jul 1981 - Dec 2024 |
| Exports: fob: China (NZD mn) | 1,924.619 Dec 2024 | monthly | Jul 1981 - Dec 2024 |
| Exports: fob: Australia: sa (NZD mn) | 805.745 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| Exports: fob: China: sa (NZD mn) | 1,862.996 Jan 2025 | monthly | Jul 1981 - Jan 2025 |
| 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) | 68,228.670 Dec 2024 | monthly | Dec 2016 - Dec 2024 |
| Money Supply M2 (USD mn) | 240,664.374 Dec 2024 | monthly | Mar 1988 - Dec 2024 |
| M2 Growth (%) | 4.1 Dec 2024 | monthly | Mar 1989 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 18,690.2 Dec 2024 | monthly | Sep 2005 - Dec 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 6.453 Sep 2024 | quarterly | Sep 2005 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.0 Dec 2024 | monthly | Sep 2005 - Dec 2024 |
| Gold Reserves (USD mn) | 0.000 Dec 2024 | monthly | Dec 1950 - Dec 2024 |
| Total Deposits (USD mn) | 263,751.231 Dec 2024 | monthly | Dec 2016 - Dec 2024 |
| Total Deposits Growth (%) | 4.3 Dec 2024 | monthly | Dec 2017 - Dec 2024 |
| Domestic Credit (USD mn) | 343,884.8 Dec 2024 | monthly | Mar 1988 - Dec 2024 |
| Domestic Credit Growth (%) | 2.2 Dec 2024 | monthly | Mar 1989 - Dec 2024 |
| 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) | 214,973.1 Dec 2024 | monthly | Dec 1990 - Dec 2024 |
| Total Loans (USD mn) | 321,542.802 Dec 2024 | monthly | Dec 2016 - Dec 2024 |
| Total Loans Growth (%) | 3.23 Dec 2024 | monthly | Dec 2017 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 136.01 Sep 2024 | quarterly | Mar 1988 - Sep 2024 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 430,065.000 Dec 2024 | monthly | Mar 1988 - Dec 2024 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 121,924.000 Dec 2024 | monthly | Dec 2016 - Dec 2024 |
| Depository Corp: Domestic Credit (NZD mn) | 614,519.000 Dec 2024 | monthly | Mar 1988 - Dec 2024 |
| Official Reserve Assets (NZD mn) | 39,156.764 Dec 2024 | monthly | Sep 2005 - Dec 2024 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 25,821.133 Dec 2024 | monthly | Sep 2005 - Dec 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 (%) | 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: All Industries: Business Confidence Index (Point) | 54.400 Jan 2025 | monthly | Feb 1991 - Jan 2025 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 51.000 Jan 2025 | monthly | Feb 1991 - Jan 2025 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 66.700 Jan 2025 | monthly | Feb 1991 - Jan 2025 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 64.300 Jan 2025 | monthly | Feb 1991 - Jan 2025 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 51.500 Jan 2025 | monthly | Feb 1991 - Jan 2025 |
More Indicators for New Zealand
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