We are well on our way to a collective one trillion dollars in debt.

In the year to the end of May, New Zealand hit just over 870-billion in gross debt - up 5.4 percent from almost 830-billion last year.

It represents an average of just over 160-thousand dollars in raw debt for every person in the country.

At the current rate of growth, New Zealand will hit the trillion dollar landmark,  inside the next three years.

That rate has eased in the past two years as the Government has sought to curb borrowing, and the housing market has been flat.

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

We are well on our way to a collective one trillion dollars in debt.
In the year to the end of May, New Zealand hit just over 870-billion in gross debt - up 5.4 percent from almost 830-billion last year.
It represents an average of just over 160-thousand dollars in raw debt for every person in the country.
At the current rate of growth, New Zealand will hit the trillion dollar landmark, &nbsp;inside the next three years.
That rate has eased in the past two years as the Government has sought to curb borrowing, and the housing market has been flat.
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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