New Zealand: Government deficit (% of GDP)

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

Percent of GDP · 1913–2025 · 113 observations · forecasts to 2031 · 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 −42.2% (1945)

Government deficit (% of GDP)

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ForecastPercent of GDP

Compare with other countries →Definition of 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

This series is derived from other GMD variables.

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

Government deficit (% of GDP)

Recent values

Sources

More for New Zealand

Government deficit (% of GDP) elsewhere