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Prices & public finance · East Asia & Pacific · High income
New Zealand: prices, money and public finance
Inflation is 2.8% (2025), 97th of 180 in the world and 11th of 27 in East Asia & Pacific. GDP deflator is 3.6% (2025), 92nd of 209 in the world and 11th of 36 in East Asia & Pacific. Lending rate is 0.0% (2025), 136th of 136 in the world and 24th of 24 in East Asia & Pacific.
Inflation
New ZealandEast Asia & PacificHigh incomeWorld
GDP deflator
New ZealandEast Asia & PacificHigh incomeWorld
13 indicators
Prices & public finance: New Zealand in detail
Latest reported value, world rank and rank within East Asia & Pacific; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 2.8%2025 | 97/180 | 11/27 | 2.6% | 2.3% | 1.7% | +2.5 ppsince 2015 | 2.0% | 2.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 3.6%2025 | 92/209 | 11/36 | 2.9% | 3.1% | 1.9% | +2.2 ppsince 2015 | 2.5% | 2.6% | 3.3% | |
| Lending rateLending interest rate, % | 0.0%2025 | 136/136 | 24/24 | 7.8% | 6.3% | 0.0%2018 | −5.8 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | -3.5%2025 | 126/136 | 23/24 | 4.8% | 3.0% | -1.8%2018 | −7.8 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 1.722025 | 149/210 | 23/36 | 2.20 | 1.39 | 1.54 | +20%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 29.5%2024 | 4/142 | 1/25 | 28.6%2001 | 26.1% | 27.3% | +2.7 ppsince 2014 | 10.8% | 15.3% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 34.2%2024 | 33/142 | 4/25 | 33.1%2001 | 32.3% | 31.5% | +1.6 ppsince 2014 | 17.6% | 26.3% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 35.5%2022 | 31/142 | 6/25 | 31.6%2001 | 34.1% | 36.3% | +0.5 ppsince 2012 | — | 30.1% | 28.5% | |
| Government debtCentral government debt, % of GDP | 52.0%2024 | 38/78 | 8/17 | 32.8%2002 | 34.7% | 45.7% | +8.1 ppsince 2014 | — | — | — | |
| Private creditDomestic credit to private sector, % of GDP | 143.4%2025 | 8/169 | 5/25 | · | · | 159.3% | −8.8 ppsince 2015 | 175.5% | 152.1% | 140.3% | |
| Broad moneyBroad money, % of GDP | 99.6%2025 | 23/146 | 12/24 | 78.9% | 92.5% | 111.2% | +0.4 ppsince 2015 | 211.5% | 138.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.92025 | 98/165 | 21/24 | 2.1 | 3.9 | 2.8 | +32%since 2015 | 11.1 | 7.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.10%2025 | 107/156 | 13/18 | 1.60% | 1.21% | 1.34% | +0.1 ppsince 2015 | 1.72% | 2.80% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Reserves, months of imports+32%3.9 in 2025
Worse than ten years ago
- Inflation+2.5 pp2.8% in 2025
- Government debt+8.1 pp52.0% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
New Zealand and its neighbours
Countries sharing a land border with New Zealand. Latest values since 2005; the highest in each row is marked.
| Indicator | New Zealand | Australia |
|---|---|---|
| Inflation | 2.8%2025 | 2.9%2025 |
| GDP deflator | 3.6%2025 | 2.3%2025 |
| Lending rate | 0.0%2025 | 5.1%2019 |
| Real interest rate | -3.5%2025 | 1.6%2019 |
| Exchange rate | 1.722025 | 1.552025 |
| Tax revenue | 29.5%2024 | 23.6%2022 |
| Government revenue | 34.2%2024 | 26.1%2022 |
| Government expense | 35.5%2022 | 27.6%2022 |
| Government debt | 52.0%2024 | 57.9%2022 |