New Zealand’s annual % change in lending – 2003-2013

Below is a graph showing the annual % change in lending in New Zealand by Households, Agriculture and Business. It shows that after 2003 household and business lending increased quite markedly whilst agriculture remained fairly consistent up to 2008. With the onslaught of the GFC, business and household lending reduced dramatically – the business sector lending in 2010 was negative 10% – but it took a further 2 years before the agricultural sector was affected. After 2011 all sectors have had positive changes in their lending – agriculture just ahead of households.

NZ lending

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