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New Zealand: General government deficit (% of GDP)

Percent of GDP · 1913–2025 · 111 observations · forecasts to 2031 · gen_govdef_GDP

2025
−3.86%percent of GDP
Change on 2024
−0.9 pointsfrom −2.94%
Average, 2016–2025
−2.13%10 years
Record high and low
5.36% (2006)low −8.68% (1984)

General government deficit (% of GDP)

Report error
-10%-8%-6%-4%-2%0%2%4%6%192019401960198020002020New ZealandNew Zealand
ForecastPercent of GDP

Compare with other countries →Definition of General government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
2031-0.625Forecast
2030-0.918Forecast
2029-1.30Forecast
2028-2.13Forecast
2027-3.15Forecast
2026-1.93Forecast
2025-3.86
2024-2.94
2023-3.04
2022-2.70
2021-4.17
2020-7.92
2019-0.409
20180.84
20171.69
20161.23

Sources

  • IMF Fiscal Policy Panel1913–2023
  • IMF World Economic Outlook1985–2025
  • OECD Economic Outlook1986–2025
  • Asian Development Bank (archive)2009–2024
  • Asian Development Bank2009–2025
  • IMF Government Finance Statistics2009–2025
  • OECD Economic Outlook (forecast)2025–2027
  • IMF WEO (forecast)2025–2031

Compare these sources →

New Zealand documentation (PDF)

More for New Zealand

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

General government deficit (% of GDP) elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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