The ratio of national debt to gross domestic product (GDP) in New Zealand was forecast to decrease between 2024 and 2029 by in total two percentage points. This overall decrease does not happen continuously, notably not in 2026. According to this forecast in 2029, the ratio will have decreased for the third consecutive year to 45.42 percent. Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.
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IMF. (April 22, 2024). New Zealand: National debt in relation to gross domestic product (GDP) from 2019 to 2029 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/436529/national-debt-of-new-zealand-in-relation-to-gross-domestic-product-gdp/
IMF. "New Zealand: National debt in relation to gross domestic product (GDP) from 2019 to 2029." Chart. April 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/436529/national-debt-of-new-zealand-in-relation-to-gross-domestic-product-gdp/
IMF. (2024). New Zealand: National debt in relation to gross domestic product (GDP) from 2019 to 2029. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/436529/national-debt-of-new-zealand-in-relation-to-gross-domestic-product-gdp/
IMF. "New Zealand: National Debt in Relation to Gross Domestic Product (Gdp) from 2019 to 2029." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/436529/national-debt-of-new-zealand-in-relation-to-gross-domestic-product-gdp/
IMF, New Zealand: National debt in relation to gross domestic product (GDP) from 2019 to 2029 Statista, https://www.statista.com/statistics/436529/national-debt-of-new-zealand-in-relation-to-gross-domestic-product-gdp/ (last visited August 25, 2024)
New Zealand: National debt in relation to gross domestic product (GDP) from 2019 to 2029 [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/436529/national-debt-of-new-zealand-in-relation-to-gross-domestic-product-gdp/