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New Zealand — General government deficit (% of GDP)

% of GDP · Annual · 1913–2031 · 117 observations

About this series

The general government deficit series records the period's fiscal balance under the source's accounting and sign convention. A deficit indicates a shortfall; the series is a flow, not a debt stock. This series expresses that measure as a percentage of GDP for the matching period.

New Zealand's general government deficit reading was −3.33% of GDP in 2025. The period change from −2.99% of GDP in 2024 was −0.34 percentage points. The latest reading was below the selected 10-year average of −2.09% of GDP.

-10-505101913201020202031% of GDPSubscribe to view

Get the full series

  • Annual data, 1913–2031
  • All 5 sources, downloadable

Latest observations

2008–2031

PeriodValue
2031-0.62 % of GDP
2030-0.92 % of GDP
2029-1.3 % of GDP
2028-2.13 % of GDP
2027-3.69 % of GDP
15 earlier values
2026-4.09 % of GDP
2025-3.33 % of GDP
2024-2.99 % of GDP
2023-3.48 % of GDP
2022-2.92 % of GDP
2021-3.88 % of GDP
2020-7.58 % of GDP
2019-0.28 % of GDP
20180.83 % of GDP
20171.62 % of GDP
20161.15 % of GDP
20150.12 % of GDP
20140.42 % of GDP
2013-0.67 % of GDP
2012-2.12 % of GDP

Values before 2012, back to 2008, are on the chart — hover to read them.

Data release 2026_10_06_0823, published 6 Oct 2026.