Net Foreign Assets (Local Currency) rose 10.3% to NZD -81.9 bil in New Zealand in 2024

Net Foreign Assets (Local Currency) (NZD bil), 2024
Banking | New Zealand | September 1, 2025
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Net foreign assets rose 10.3% to NZD -81.9 bil in New Zealand in 2024, according to the National Central Bank.

Historically, net foreign assets in New Zealand reached an all time high of NZD 3.07 bil in 1987 and an all time low of NZD -106 bil in 2021. When compared to New Zealand's main peers, net foreign assets in Australia amounted to AUD -213 bil, IDR 1,982,817 bil in Indonesia, MYR 259 bil in Malaysia and PHP 6,948 bil in Philippines in 2024.

New Zealand has been ranked 118th within the group of 122 countries we follow in terms of net foreign assets, 40 places above the position seen 10 years ago.

Net Foreign Assets (Local Currency) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Australia AUD bil -360 -138 -462 -720 -712
Cambodia KHR bil 48,884 60,182 67,364 57,063 39,490
China CNY bil 25,507 26,392 26,886 27,977 28,576
Indonesia IDR bil 1,442,536 1,506,619 1,711,188 1,809,776 1,898,235
Malaysia MYR bil 306 287 312 354 302
New Zealand NZD bil ... ... -80.0 -90.8 -100.0 -106 -105
Papua New Guinea PGK bil 7.02 7.67 5.23 8.68 12.0 ...
Philippines PHP bil 4,461 4,858 6,096 6,493 6,265
Singapore SGD bil 311 309 408 ... ... ... ...
Taiwan TWD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Thailand THB bil 6,716 6,824 7,776 7,763 7,570
Vietnam VND bil 1,537,729 2,128,233 2,638,483 2,688,410 2,314,301 ...