New Zealand—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #121 of 192Updated July 2026
Latest Value
-0.6%
2031
YoY Change
+33.3%
2030 → 2031
Global Rank
#121
of 192 countries
Maximum
5.1%
2005
Minimum
-5.5%
2010
Last
-0.6%
Previous
-0.9%
Highest
5.1%
Lowest
-5.5%
Unit
Percent of GDP
Source
IMF World Economic Outlook
New Zealand's fiscal balance (% of GDP) was -3.9% in 2026, ranking #121 out of 192 countries. This represents a +33.3% change from 2030. Over the past 27 years, the highest recorded value was 5.1% (2005) and the lowest was -5.5% (2010). The IMF WEO projects -0.6% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -0.6% | +33.3% |
| 2030 | -0.9% | +30.8% |
| 2029 | -1.3% | +38.1% |
| 2028 | -2.1% | +32.3% |
| 2027 | -3.1% | +20.5% |
| 2026 | -3.9% | +0.0% |
| 2025 | -3.9% | -21.9% |
| 2024 | -3.2% | +0.0% |
| 2023 | -3.2% | +20.0% |
| 2022 | -4.0% | -21.2% |
| 2021 | -3.3% | +21.4% |
| 2020 | -4.2% | -75.0% |
| 2019 | -2.4% | -284.6% |
| 2018 | 1.3% | -7.1% |
| 2017 | 1.4% | +40.0% |
| 2016 | 1.0% | +150.0% |
| 2015 | 0.4% | +233.3% |
| 2014 | -0.3% | +76.9% |
| 2013 | -1.3% | +40.9% |
| 2012 | -2.2% | +55.1% |
| 2011 | -4.9% | +10.9% |
| 2010 | -5.5% | -205.6% |
| 2009 | -1.8% | -220.0% |
| 2008 | 1.5% | -58.3% |
| 2007 | 3.6% | -21.7% |
| 2006 | 4.6% | -9.8% |
| 2005 | 5.1% | +13.3% |
| 2004 | 4.5% | +21.6% |
| 2003 | 3.7% | +42.3% |
| 2002 | 2.6% | +100.0% |
| 2001 | 1.3% | +550.0% |
| 2000 | 0.2% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -3.9% | +0.0% |
| 2027Forecast | -3.1% | +20.5% |
| 2028Forecast | -2.1% | +32.3% |
| 2029Forecast | -1.3% | +38.1% |
| 2030Forecast | -0.9% | +30.8% |
| 2031Forecast | -0.6% | +33.3% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Macao SAR, China | 4.2% | 2026 |
| 7 | Lesotho | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP