New Zealand: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 New Zealand

Fiscal balance, percent of GDP

 Latest value -2.7
 Year 2022
 Measure percent
 Data availability 1972 - 2022
 Average -0.71
 Min - Max -8.94 - 4.51
 Source New Zealand Treasury
For that indicator, we provide data for New Zealand from 1972 to 2022. The average value for New Zealand during that period was -0.71 percent with a minimum of -8.94 percent in 2011 and a maximum of 4.51 percent in 2005. The latest value from 2022 is -2.7 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
New Zealand - Fiscal balance, percent of GDP - recent values

Historical chart
New Zealand - Fiscal balance, percent of GDP - historical chart - 1972-2022




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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.82 2022 percent
 Government spending, in dollars 51.65 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -2.70 2022 percent
 Government debt 30.16 2021 percent
 Government expenditure 21.56 Q3/2023 billion
 Long-term government bond yield 5.05 9/2023 percent
 Tax revenue 29.77 2022 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 27.87 2022 percent
 Taxes on international trade 2.68 2022 percent
 Income and profits taxes 58.26 2022 percent
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