New Zealand: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| New Zealand |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -2.39 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1972 - 2023 |
| Average | -0.74 |
| Min - Max | -8.94 - 4.51 |
| Source | New Zealand Treasury |
The latest value from 2023 is -2.39 percent, an increase from -2.66 percent in 2022. In comparison, the world average is -2.82 percent, based on data from 143 countries. Historically, the average for New Zealand from 1972 to 2023 is -0.74 percent. The minimum value, -8.94 percent, was reached in 2011 while the maximum of 4.51 percent was recorded in 2005.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 21.11 | 2022 | percent |
| Government spending, in dollars | 52.08 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.39 | 2023 | percent |
| Government debt | 34.30 | 2023 | percent |
| Government expenditure | 23.16 | Q4/2024 | billion |
| Long-term interest rate | 4.63 | 3/2025 | percent |
| Tax revenue | 30.51 | 2005 | percent |
| Commercial tax rate | 34.60 | 2019 | percent |
| Tax preparation time | 140 | 2019 | hours |
| Number of taxes | 7 | 2019 | taxes |
| Taxes on goods and services | 21.43 | 2005 | percent |
| Taxes on international trade | 1.25 | 2005 | percent |
| Income and profits taxes | 43.00 | 2005 | percent |