NZ’s net external debt widens by $2.6b in Q2

New Zealand’s net external debt (international assets and liabilities excluding equity and financial derivatives) widened by $2.6 billion during the June 2024 quarter, reaching $204.9 billion (49.6 per cent of GDP) at June 30, 2024.

The widening of net external debt was primarily driven by an $8.6 billion increase in external debt and a $6.0 billion increase in external lending, a report released by Stats NZ showed on Wednesday.

Attribution: Stats NZ report

Subediting: M. S. Salama