Fiscal Balance in New Zealand
The fiscal balance averaged -2% of GDP in the decade to 2023, below the Australia & New Zealand average of -2% of GDP. The fiscal balance in New Zealand in 2023 was -2.4% of GDP. For more information on fiscal balance, visit our dedicated page
New Zealand Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for New Zealand from 2013 to 2023.
Source: Macrobond.
New Zealand Fiscal Balance Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -7.3 | -1.3 | -2.6 | -2.4 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects New Zealand fiscal balance projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for New Zealand fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our New Zealand fiscal balance projections.
Want to get access to the full dataset of New Zealand fiscal balance forecasts? Send an email to info@focus-economics.com.