New Zealand: General government deficit (% of GDP)

Name: New Zealand: General government deficit (% of GDP)
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

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

2025: −3.33%percent of GDP
Change on 2024: −0.3 pointsfrom −2.99%
Average, 2016–2025: −2.09%10 years
Record high and low: 5.27% (2006)low −8.68% (1984)

General government deficit (% of GDP)

Report error

ForecastPercent of GDP

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

Recent values

Percent of GDP

Year	Value
2031	-0.625	Forecast
2030	-0.918	Forecast
2029	-1.30	Forecast
2028	-2.13	Forecast
2027	-3.69	Forecast
2026	-4.09	Forecast
2025	-3.33
2024	-2.99
2023	-3.48
2022	-2.92
2021	-3.88
2020	-7.58
2019	-0.279
2018	0.831
2017	1.62
2016	1.15

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)

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 →

GMD release 2026_09 · License & terms

General government deficit (% of GDP)

Recent values

Sources

More for New Zealand

General government deficit (% of GDP) elsewhere