This data on the chart includes mortgages that New Zealand households have on rental properties, whereas the household debt published in the Household balance sheet (C22) data table does not include mortgages on rental properties. The Treasury provides regular summary New Zealand economic data. Budget’s worrying debt-to-GDP red flags The projection that by 2023 debt will be more than 50 percent of GDP would pose a risk for most nations, let alone a small island nation very much dependent on global economic trends, writes Ananish Chaudhuri. This statistic shows the national debt of New Zealand from 2015 to 2019 in relation to gross domestic product (GDP), with projections up until … ... Debt management; Supporting exporters; State sector leadership. benchmarks Become a Supporter Podcast - subscribe here GDP Live Sign up for our free newsletters Banking newsletter subscription If that goal is framed in terms of net debt, then that aim has already been achieved. 7 April: Further to its announcement of 6 April, the Reserve Bank says it has added $3 billion of Local Government Funding Agency (LGFA) debt to its Large Scale Asset Purchase programme (LSAP). The 2020 statement added that "we will continue to maintain debt at prudent levels (a range of 15 to 25 per cent of GDP)". New Zealand debt to gdp ratio for 2016 was 42.34%, a 1.09% decline from 2015. It is a key indicator for the sustainability of government finance. What is external debt of New Zealand? The next forecast will be the Budget Economic and Fiscal Update 2021 to be published on a date yet to be announced. Canada’s 10 provinces and federal government are currently expecting to run a combined deficit of at least $350-billion in 2020, that’s about 18% of GDP. External Debt in New Zealand decreased to 289958 NZD Million (210.206 B USD) in the third quarter of 2020. China’s national debt is … 03 23 March 2020 Weekly Commentary New Zealand forecasts. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. An economic downturn hit tax revenue, the operating balance and profile for Government debt. New Zealand gdp per capita for 2019 was $42,084, a 2.02% decline from 2018. NZ’s net debt is forecast to be 30.2 per cent of GDP for 2020, up from an actual net debt of 19 per cent of GDP for 2019. The Gross Domestic Product (GDP) in New Zealand was worth 206.93 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The country’s “net core Crown debt” (which takes into account some financial assets) is … It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In comparison, second quarter economic growth in neighboring Australia which enforced a less stringent COVID-19 lockdown fell 7.0 percent, while the United States recorded a 9.1 percent drop. Publish your articles and forecasts in our website. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. That will lift total net core crown debt to $200.8b or 53.6 percent of GDP by the end of June 2024. In terms of gross public debt, the government still has a little way to go. Download historical data for 20 million indicators using your browser. New Zealand Government debt accounted for 33.6 % of the country's Nominal GDP in Sep 2020, compared with the ratio of 32.1 % in the previous quarter. Podcast - subscribe here . New Zealand's central bank on Monday, March 16, 2020 cut the benchmark interest rate to a record low 0.25%. CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Treasury provides regular summary New Zealand economic data. Data for the graph below is available in a spreadsheet containing all key graph data (XLSX <200KB). The Trading Economics Application Programming Interface (API) provides direct access to our data. New Zealand household debt to GDP ratio is updated quarterly, available from Dec 1990 to Sep 2020. Net debt is expected to surge to NZ$130.2 billion or 43% of GDP at June 30, 2021. Government Debt to GDP in New Zealand is expected to reach 32.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. Net core crown debt was projected to go from close to zero to around 30 per cent of GDP in the 2009 Budget. New Zealand gdp per capita for 2016 was $40,106, a 3.86% increase from 2015. Download historical data for 20 million indicators using your browser. The most recent version of the Fiscal Strategy Model can be found at Fiscal Strategy Model - BPS 2021. * Budget 2020: Hospo worker grateful for wage subsidy, but hoped for more welfare support ... New Zealand's core Crown debt to GDP ratio would remain world class even at 50 per cent. New Zealand - Public Debt Government approves massive budget stimulus to buttress economy ahead of September elections. New Zealand Business Sentiment Weakens in March, New Zealand Manufacturing Sales Lose Steam, New Zealand Import Prices Drop More than Expected, New Zealand Export Prices Surprisingly Fall, New Zealand 10Y Bond Yield Hits 21-month High, RBNZ Holds Rates, Sees Prolonged Monetary Stimulus as Necessary, Milan Stocks Continue to Advance Beyond 1-Year High, French Stocks Up for 2nd Day at 1-Year High. Government Debt to GDP in New Zealand by prime ministers. General government debt-to-GDP ratio measures the gross debt of the general government as a percentage of GDP. The data reached an all-time high of 95.0 % in Sep 2020 and a record low of 27.9 % in Dec 1990. State sector performance; Public Finance System; ... 9 Apr 2020. The maximum debt was 302703 NZD Million and minimum was 67673 NZD Million. On 14 May, the government unveiled an NZD 50 billion (USD 30 billion) stimulus package, largely focused on supporting employment in an effort to kickstart the economy following the impact of the coronavirus outbreak and consequent lockdown. Debt is calculated as the sum of the following liability categories (as applicable): currency and deposits; debt securities, loans; insurance, pensions and standardised guarantee schemes, and other accounts payable. The Trading Economics Application Programming Interface (API) provides direct access to our data. In general terms, gross debt is the total value of borrowings or debt owed by a government, while net debt is the gross debt minus the assets the government holds. New Zealand government debt to GDP ratio data is updated quarterly, available from Dec 2007 to Sep 2020. The GDP data confirms New Zealand's worst recession, defined as two straight quarters of contraction, since 2010, with GDP in the March quarter falling 1.6 percent. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Half Year Economic and Fiscal Update 2020 published on 16 December 2020. The Budget presented by Grant Robertson was along expected lines. The GDP for the June 2020 quarter will be released on Thursday. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The cut of 0.75% came outside of the bank's normal schedule for changing rates. In the long-term, the New Zealand Government Net Debt to GDP is projected to trend around 41.00 percent in 2021 and 47.00 percent in 2022, according to our econometric models. NZ Summary Economy Data - February 2020. The economy of New Zealand is a highly developed free-market economy. The average value for New Zealand during that period was 71.57 percent with a minimum of 27.9 percent in December 1990 and a maximum of 96.9 percent in June 2020. The Ministry of Social Development has to date paid $6.6 billion, which is equivalent to 2% of NZ's GDP pre-Covid-19. New Zealand gdp per capita for 2018 was $42,950, a 0.23% increase from 2017. Households Debt in New Zealand decreased to 95 percent of GDP in the third quarter of 2020 from 96.90 percent of GDP in the second quarter of 2020. 1990-2020 Data | 2021-2023 Forecast | Historical. New Zealand's net debt tipped to increase to 50 percent of GDP - Kiwibank chief economist. New Zealand Business Sentiment Weakens in March, New Zealand Manufacturing Sales Lose Steam, New Zealand Import Prices Drop More than Expected, New Zealand Export Prices Surprisingly Fall, New Zealand 10Y Bond Yield Hits 21-month High, RBNZ Holds Rates, Sees Prolonged Monetary Stimulus as Necessary, Milan Stocks Continue to Advance Beyond 1-Year High, French Stocks Up for 2nd Day at 1-Year High. Household debt. New Zealand gdp per capita for 2017 was $42,849, a 6.84% increase from 2016. Household debt to GDP, in percent in New Zealand, June, 2020: For that indicator, we provide data for New Zealand from December 1990 to June 2020. News . New Zealand’s government debt is very low by international standards. Find statistics on the gross domestic product (GDP), NZ's official measure of economic growth. Government debt can be expressed as gross or net debt. The GDP value of New Zealand represents 0.17 percent of the world economy. Publish your articles and forecasts in our website. The data reached an all-time high of 38.7 % in Mar 2013 and a record low of 16.6 % in Jun 2008. The parliament of New Zealand has tasked the government with getting the national debt down to 20% of GDP by 2020. New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. That’s up from 19 percent of GDP or $57.7b just 11 months ago. Treasury's latest update shows net core Crown debt was $99 billion at the end of November 2020, reflecting the huge cost of COVID-19. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Economic calendar The crisis rescue package tally How the OCR is set TPPA explainer series Key bank metrics Election 2020 - party policies compared Budget 2020/21 - Spending plan Budget 2020/21 - Tax revenue New Govt. Direct access to our calendar releases and historical data. Find the latest data and publications about gross domestic product (GDP). Unfortunately, these actions caused Japan’s debt level to skyrocket. Summary economic data. Direct access to our calendar releases and historical data. Economic forecasts Quarterly Annual 2019 2020 % change Dec (a) Mar Jun Sep 2018 2019 2020f 2021f GDP (Production) 0.5 -0.2 -2.7 -0.2 3.2 2.3 -1.4 2.8 3 Mar 2020. Households Debt To GDP in New Zealand averaged 71.77 percent of GDP from 1990 until 2020, reaching an all time high of 96.90 percent of GDP in the second quarter of 2020 and a record low of 27.90 percent of GDP in the fourth quarter of 1990. They show net new borrowing of $163.6b over the next five years, including the yet-to-be completed 2020/21 financial year to June 30. New Zealand debt to gdp ratio for 2015 was 43.43%, a 0.8% decline from 2014.