🇳🇿 New Zealand
Public Sector Debt · 2026
Total Debt
57.2%
of GDP
Global Rank
#98
of 192
S&P Rating
AA+
Credit rating
SOE Debt
+1.1%
1 categories
Where the Debt Sits
Central Government
Central Government: 56.1%Infrastructure: 1.1%
Who Holds This Debt
Holder Breakdown
Domestic 45%
Foreign 55%
Domestic: 45%Foreign: 55%
Currency Denomination
Local 100%
Local currency: 100%Foreign currency: 0%
Full Debt Breakdown
Central Government56.1% of GDP
Central GovernmentIMF WEO — General Government Debt
56.1%Infrastructure SOEs1.1% of GDP
Transpower NZNZ Treasury / Transpower IRNet debt NZ$4.4B. National grid operator. 100% Crown-owned.
1.1%Total Corporate Debt71.3% of GDP
Nonfinancial corporate debtBIS/FRED Q3 2025
71.3%Household Debt90.6% of GDP
Household debtBIS/FRED Q3 2025
90.6%Unfunded Pension Liabilities80.0% of GDP
NZ Superannuation future cost (est.)NZ Treasury NZS projections 2023; NZ Super FundUniversal flat-rate, tax-funded. Cost rising to 7.7% GDP by 2060.
80.0%All Layers Total299.1%
Credit Ratings
S&P
AA+
Moody's
Aaa
Fitch
AA+
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202656.1% GDP
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