Domestic credit to private sector by banks in New Zealand
New Zealand: Domestic credit to private sector by banks was 129.7% in 2025. ◆ Volatile
Domestic credit to private sector by banks in New Zealand, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in New Zealand is 129.7%, measured in 2025.
Compared with earlier readings it is up 0.4% on the previous year and down 9.8% over ten years.
Over the whole period, domestic credit to private sector by banks in New Zealand peaked at 144.6% in 2016 and was at its lowest, 10.0%, in 1972.
New Zealand ranks 7th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in New Zealand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 13.2% | — |
| 1961 | 14.0% | +5.8% |
| 1962 | 12.4% | -11.7% |
| 1963 | 11.7% | -5.4% |
| 1964 | 11.1% | -5.3% |
| 1965 | 11.2% | +1.2% |
| 1966 | 11.3% | +0.4% |
| 1967 | 10.3% | -8.4% |
| 1968 | 11.3% | +9.7% |
| 1969 | 11.2% | -1.0% |
| 1970 | 11.9% | +5.8% |
| 1971 | 10.6% | -10.7% |
| 1972 | 10.0% | -5.4% |
| 1973 | 13.3% | +33.1% |
| 1974 | 15.4% | +15.3% |
| 1975 | 14.7% | -4.1% |
| 1976 | 14.8% | +0.7% |
| 1977 | 15.7% | +5.9% |
| 1978 | 16.9% | +7.7% |
| 1979 | 17.6% | +3.8% |
| 1980 | 17.6% | -0.0% |
| 1981 | 18.1% | +3.0% |
| 1982 | 18.1% | +0.0% |
| 1983 | 17.8% | -1.8% |
| 1984 | 18.8% | +5.7% |
| 1985 | 20.8% | +10.6% |
| 1986 | 24.6% | +18.2% |
| 1987 | 28.1% | +14.4% |
| 1988 | 68.7% | +144.8% |
| 1989 | 72.1% | +4.8% |
| 1990 | 73.0% | +1.3% |
| 1991 | 76.6% | +5.0% |
| 1992 | 81.5% | +6.3% |
| 1993 | 79.9% | -2.0% |
| 1994 | 82.3% | +3.1% |
| 1995 | 88.5% | +7.5% |
| 1996 | 93.6% | +5.8% |
| 1997 | 100.4% | +7.2% |
| 1998 | 105.0% | +4.6% |
| 1999 | 107.6% | +2.6% |
| 2000 | 107.9% | +0.2% |
| 2001 | 106.7% | -1.1% |
| 2002 | 101.6% | -4.8% |
| 2003 | 106.9% | +5.2% |
| 2004 | 110.6% | +3.5% |
| 2005 | 120.6% | +9.0% |
| 2006 | 129.4% | +7.2% |
| 2007 | 134.7% | +4.2% |
| 2008 | 144.2% | +7.1% |
| 2009 | 141.7% | -1.7% |
| 2010 | 142.0% | +0.2% |
| 2013 | 140.4% | -1.1% |
| 2014 | 140.8% | +0.3% |
| 2015 | 143.8% | +2.1% |
| 2016 | 144.6% | +0.5% |
| 2017 | 141.9% | -1.9% |
| 2018 | 141.9% | +0.0% |
| 2019 | 141.8% | -0.1% |
| 2020 | 143.7% | +1.4% |
| 2021 | 140.9% | -1.9% |
| 2022 | 134.2% | -4.8% |
| 2023 | 129.1% | -3.8% |
| 2024 | 129.1% | +0.0% |
| 2025 | 129.7% | +0.4% |
New Zealand compared with similar countries
- New Zealand's 129.7% is above the median for high income countries, which is 64.3%, 2.0× the median. (61 countries reporting)
- New Zealand's 129.7% is above the median for East Asia & Pacific, which is 65.2%, 2.0× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 | +144.8% | 28.1% | 68.7% |
| 1973 | +33.1% | 10.0% | 13.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.8% | 10.3% | 14.0% | 10 |
| 1970s | 14.1% | 10.0% | 17.6% | 10 |
| 1980s | 30.4% | 17.6% | 72.1% | 10 |
| 1990s | 88.8% | 73.0% | 107.6% | 10 |
| 2000s | 120.4% | 101.6% | 144.2% | 10 |
| 2010s | 142.2% | 140.4% | 144.6% | 8 |
| 2020s | 134.4% | 129.1% | 143.7% | 6 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Net domestic credit (current LCU), per capita 120,241 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 2.42 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.19 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 18.09 billion SDR (2025)
- Reserves excluding gold 20.56 billion SDR (2025)
- Total reserves (gold at market value) 20.56 billion SDR (2025)
- Total reserves (gold at national valuation) 20.56 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 3,861 SDR per person (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in New Zealand?
- Domestic credit to private sector by banks in New Zealand was 129.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in New Zealand?
- The highest recorded value was 144.6% in 2016.
- What is the lowest domestic credit to private sector by banks recorded in New Zealand?
- The lowest recorded value was 10.0% in 1972.
- How does New Zealand rank for domestic credit to private sector by banks?
- New Zealand ranks 7th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in New Zealand?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.