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Government Finance of New Zealand

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

42.0% 12.2% 35.4%
  • Personal income taxes: 42.0%
  • Corporate income taxes: 12.2%
  • Property taxes: 6.6%
  • Goods and services taxes: 35.4%
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Personal income taxes
42.0%
Corporate income taxes
12.2%
Property taxes
6.6%
Goods and services taxes
35.4%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 56.7% #83 / 184 2026
Government Gross Debt (Local currency - NZD) 264B - 2026
Government Net Debt (% of GDP) 27.9% #66 / 86 2026
Government Net Debt (Local currency - NZD) 130B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -3.9% #121 / 189 2026
Fiscal Balance (Local currency - NZD) -18.3B - 2026
Primary Fiscal Balance (% of GDP) -3% #140 / 182 2026
Primary Fiscal Balance (Local currency - NZD) -13.9B - 2026

Revenue and Spending

Government Revenue (% of GDP) 37.2% #50 / 189 2026
Government Revenue (Local currency - NZD) 174B - 2026
Government Spending (% of GDP) 41.2% #48 / 189 2026
Government Spending (Local currency - NZD) 192B - 2026

International Reserves

Total Reserves (USD) 22.1B #60 / 163 2024

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