Broad money to total reserves ratio (International Financial) in New Zealand
New Zealand: Broad money to total reserves ratio (International Financial) was 9.34 in 2025. ▲ Rising
Broad money to total reserves ratio in New Zealand, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for broad money to total reserves ratio in New Zealand is 9.34, measured in 2025.
Compared with earlier readings it is down 20.8% on the previous year and down 22.3% over ten years.
Over the whole period, broad money to total reserves ratio in New Zealand peaked at 17.56 in 2022 and was at its lowest, 2.51, in 1986.
New Zealand ranks 16th of 159 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 64 years of available data.
Broad money to total reserves ratio (International Financial) in New Zealand, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 5.77 | — |
| 1961 | 8.97 | +55.4% |
| 1962 | 6.43 | -28.3% |
| 1963 | 7.77 | +20.7% |
| 1964 | 6.84 | -11.9% |
| 1965 | 7.3 | +6.7% |
| 1966 | 7.38 | +1.0% |
| 1967 | 5.77 | -21.8% |
| 1968 | 6.59 | +14.3% |
| 1969 | 5.71 | -13.4% |
| 1970 | 5.07 | -11.2% |
| 1971 | 3.18 | -37.3% |
| 1972 | 2.7 | -15.2% |
| 1973 | 3.29 | +21.9% |
| 1974 | 5.63 | +71.2% |
| 1975 | 7.63 | +35.6% |
| 1976 | 6.78 | -11.1% |
| 1977 | 8.65 | +27.6% |
| 1978 | 11.03 | +27.5% |
| 1979 | 12.32 | +11.7% |
| 1980 | 16.81 | +36.5% |
| 1981 | 9.03 | -46.3% |
| 1982 | 9.52 | +5.4% |
| 1983 | 7.53 | -20.9% |
| 1984 | 3.13 | -58.4% |
| 1985 | 4.59 | +46.3% |
| 1986 | 2.51 | -45.3% |
| 1987 | 4 | +59.3% |
| 1988 | 9.99 | +149.9% |
| 1989 | 9.44 | -5.5% |
| 1990 | 7.7 | -18.4% |
| 1991 | 10.31 | +33.9% |
| 1992 | 9.7 | -5.9% |
| 1993 | 9.89 | +1.9% |
| 1994 | 10.72 | +8.4% |
| 1995 | 10.73 | +0.1% |
| 1996 | 9.47 | -11.7% |
| 1997 | 12.27 | +29.6% |
| 1998 | 10.88 | -11.3% |
| 1999 | 10.85 | -0.3% |
| 2000 | 10.5 | -3.2% |
| 2001 | 12.11 | +15.3% |
| 2002 | 10.26 | -15.2% |
| 2003 | 11.36 | +10.7% |
| 2004 | 11.34 | -0.2% |
| 2005 | 10.16 | -10.4% |
| 2006 | 6.58 | -35.2% |
| 2007 | 6.76 | +2.7% |
| 2008 | 11.13 | +64.7% |
| 2009 | 6.97 | -37.4% |
| 2010 | 8.12 | +16.6% |
| 2013 | 10.86 | +33.7% |
| 2014 | 12.06 | +11.1% |
| 2015 | 12.02 | -0.4% |
| 2016 | 10.66 | -11.3% |
| 2017 | 10.05 | -5.7% |
| 2018 | 12.2 | +21.4% |
| 2019 | 12.06 | -1.2% |
| 2020 | 17.27 | +43.2% |
| 2021 | 17.19 | -0.5% |
| 2022 | 17.56 | +2.2% |
| 2023 | 16.38 | -6.7% |
| 2024 | 11.8 | -28.0% |
| 2025 | 9.34 | -20.8% |
New Zealand compared with similar countries
- New Zealand's 9.34 is above the median for high income countries, which is 3.49, 2.7× the median. (41 countries reporting)
- New Zealand's 9.34 is above the median for East Asia & Pacific, which is 3.17, 2.9× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Broad money to total reserves ratio (International Financial) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +149.9% | 4 | 9.99 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.85 | 5.71 | 8.97 | 10 |
| 1970s | 6.63 | 2.7 | 12.32 | 10 |
| 1980s | 7.65 | 2.51 | 16.81 | 10 |
| 1990s | 10.25 | 7.7 | 12.27 | 10 |
| 2000s | 9.72 | 6.58 | 12.11 | 10 |
| 2010s | 11 | 8.12 | 12.2 | 8 |
| 2020s | 14.92 | 9.34 | 17.56 | 6 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Reserve position in the IMF, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 81.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 59.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 81.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is broad money to total reserves ratio in New Zealand?
- Broad money to total reserves ratio in New Zealand was 9.34 in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in New Zealand?
- The highest recorded value was 17.56 in 2022.
- What is the lowest broad money to total reserves ratio recorded in New Zealand?
- The lowest recorded value was 2.51 in 1986.
- How does New Zealand rank for broad money to total reserves ratio?
- New Zealand ranks 16th out of 159 countries with data for 2025.
- Is broad money to total reserves ratio rising or falling in New Zealand?
- Over the last ten years it is down 22.3%. The long-run trend across the full record is rising.
- Where does this New Zealand data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money to total reserves ratio. Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).