Government securities: Treasury bills yields, Rate, Percent per annum in New Zealand
New Zealand: Government securities: Treasury bills yields, Rate, Percent per annum was 3.07 in 2025. ◆ Volatile
Government securities: Treasury bills yields, Rate, Percent per annum in New Zealand, 1978–2025
Source: International Monetary Fund.
Analysis
The most recent figure for government securities: treasury bills yields, rate, percent per annum in New Zealand is 3.07, measured in 2025.
That represents a change of down 40.4% on the previous year and up 2.6% over ten years.
Over the whole period, government securities: treasury bills yields, rate, percent per annum in New Zealand peaked at 20.5 in 1987 and was at its lowest, 0.3504, in 2020.
New Zealand ranks 53rd of 89 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Government securities: Treasury bills yields, Rate, Percent per annum in New Zealand, year by year
| Year | Value | Change |
|---|---|---|
| 1978 | 8.25 | — |
| 1979 | 10.75 | +30.4% |
| 1980 | 11.25 | +4.6% |
| 1981 | 11.25 | +0.0% |
| 1982 | 11.25 | +0.0% |
| 1983 | 10.12 | -10.0% |
| 1984 | 9.22 | -8.9% |
| 1985 | 18.02 | +95.3% |
| 1986 | 16.25 | -9.8% |
| 1987 | 20.5 | +26.1% |
| 1988 | 14.72 | -28.2% |
| 1989 | 13.51 | -8.2% |
| 1990 | 13.78 | +2.0% |
| 1991 | 9.74 | -29.3% |
| 1992 | 6.72 | -31.0% |
| 1993 | 6.21 | -7.6% |
| 1994 | 6.69 | +7.6% |
| 1995 | 8.82 | +32.0% |
| 1996 | 9.09 | +3.0% |
| 1997 | 7.53 | -17.1% |
| 1998 | 7.1 | -5.8% |
| 1999 | 4.58 | -35.4% |
| 2000 | 6.39 | +39.4% |
| 2001 | 5.56 | -13.0% |
| 2002 | 5.52 | -0.7% |
| 2003 | 5.21 | -5.6% |
| 2004 | 5.85 | +12.2% |
| 2005 | 6.52 | +11.6% |
| 2006 | 7.05 | +8.0% |
| 2007 | 7.55 | +7.1% |
| 2008 | 7.01 | -7.2% |
| 2009 | 2.83 | -59.7% |
| 2010 | 2.78 | -1.8% |
| 2011 | 2.55 | -8.1% |
| 2012 | 2.46 | -3.6% |
| 2013 | 2.39 | -2.7% |
| 2014 | 3.24 | +35.4% |
| 2015 | 2.99 | -7.6% |
| 2016 | 2.04 | -32.0% |
| 2017 | 1.76 | -13.3% |
| 2018 | 1.71 | -3.0% |
| 2019 | 1.29 | -24.6% |
| 2020 | 0.3504 | -72.8% |
| 2021 | 0.3917 | +11.8% |
| 2022 | 2.68 | +584.9% |
| 2023 | 5.38 | +100.7% |
| 2024 | 5.16 | -4.1% |
| 2025 | 3.07 | -40.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.5 | 8.25 | 10.75 | 2 |
| 1980s | 13.61 | 9.22 | 20.5 | 10 |
| 1990s | 8.03 | 4.58 | 13.78 | 10 |
| 2000s | 5.95 | 2.83 | 7.55 | 10 |
| 2010s | 2.32 | 1.29 | 3.24 | 10 |
| 2020s | 2.84 | 0.3504 | 5.38 | 6 |
Countries ranked near New Zealand
- 50 Maldives 3.5 compare
- 51 Trinidad and Tobago 3.29 compare
- 52 Albania 3.08 compare
- 54 Russian Federation 3.07 compare
- 55 Bahamas 3.07 compare
- 56 Saint Vincent and the Grenadines 2.86 compare
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 government securities: treasury bills yields, rate, percent per annum in New Zealand?
- Government securities: treasury bills yields, rate, percent per annum in New Zealand was 3.07 in 2025, according to International Monetary Fund.
- What is the highest government securities: treasury bills yields, rate, percent per annum recorded in New Zealand?
- The highest recorded value was 20.5 in 1987.
- What is the lowest government securities: treasury bills yields, rate, percent per annum recorded in New Zealand?
- The lowest recorded value was 0.3504 in 2020.
- How does New Zealand rank for government securities: treasury bills yields, rate, percent per annum?
- New Zealand ranks 53rd out of 89 countries with data for 2025.
- Is government securities: treasury bills yields, rate, percent per annum rising or falling in New Zealand?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from International Monetary Fund, published as part of Government securities: Treasury bills yields, Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.