New Zealand’s current account deficit narrowed to NZD 2.66 billion in the fourth quarter of 2019 from NZD 3.61 billion in the corresponding period of the previous year and compared with market expectations of a NZD 2.96 billion gap. The goods shortfall declined to NZD 1.50 billion from NZD 1.84 billion a year ago and the services surplus rose slightly to NZD 0.97 billion from NZD 0.96 billion. Also, the primary income gap decreased to NZD 2.05 billion from NZD 2.71 billion. Meanwhile, the secondary income deficit went up to NZD 0.07 billion from NZD 0.02 billion. Considering full 2019, the country's current account gap went down to NZD 9.95 billion from NZD 11.52 billion in 2018. New Zealand's stats agency also reported that the economic impact of COVID-19 on New Zealand will first appear in the balance of payments statistics in the March 2020 quarter, to be released 17 June 2020.

Current Account in New Zealand averaged -1066.06 NZD Million from 1971 until 2019, reaching an all time high of 1737 NZD Million in the first quarter of 2016 and a record low of -6260 NZD Million in the third quarter of 2019. This page provides the latest reported value for - New Zealand Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics New Zealand

Current Account in New Zealand is expected to be -1600.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in New Zealand to stand at 500.00 in 12 months time. In the long-term, the New Zealand Current Account is projected to trend around -2790.00 NZD Million in 2021 and -2700.00 NZD Million in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
New Zealand Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2657.00 -6260.00 1737.00 -6260.00 1971 - 2019 NZD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-06-18 10:45 PM Q1 NZ$0.68B NZ$-3.26B NZ$0.526B NZ$ 0.6B
2019-09-17 10:45 PM Q2 NZ$-1.11B NZ$0.68B NZ$-1.117B NZ$-0.9B
2019-12-17 09:45 PM Q3 NZ$-6.351B NZ$-1.03B NZ$-6.336B NZ$-4.3B
2020-03-17 09:45 PM Q4 NZ$-2.657B NZ$-6.260B NZ$-2.956B NZ$-3.9B
2020-06-16 10:45 PM Q1 NZ$-2.657B NZ$0.4B
2020-09-17 10:45 PM Q2 NZ$-1.6B
2020-12-17 09:45 PM Q3 NZ$-4.8B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
New Zealand Current Account Deficit Narrows in Q4
New Zealand’s current account deficit narrowed to NZD 2.66 billion in the fourth quarter of 2019 from NZD 3.61 billion in the corresponding period of the previous year and compared with market expectations of a NZD 2.96 billion gap. The goods shortfall declined to NZD 1.50 billion from NZD 1.84 billion a year ago and the services surplus rose slightly to NZD 0.97 billion from NZD 0.96 billion. Also, the primary income gap decreased to NZD 2.05 billion from NZD 2.71 billion. Meanwhile, the secondary income deficit went up to NZD 0.07 billion from NZD 0.02 billion. Considering full 2019, the country's current account gap went down to NZD 9.95 billion from NZD 11.52 billion in 2018. New Zealand's stats agency also reported that the economic impact of COVID-19 on New Zealand will first appear in the balance of payments statistics in the March 2020 quarter, to be released 17 June 2020.
2020-03-17
New Zealand Current Account Deficit Widens in Q3
New Zealand’s current account deficit widened to NZD 6.35 billion in the third quarter of 2019 from NZD 6.24 billion in the corresponding period of the previous year and compared with market expectations of a NZD 6.34 billion gap. The goods account gap increased to NZD 3.51 billion from NZD 3.20 billion a year ago, and the services account shortfall rose to NZD 0.48 billion from NZD 0.33 billion. Also, the secondary account deficit went up to NZD 0.17 billion from NZD 0.06 billion. Meantime, the primary income shortfall narrowed to NZD 2.19 billion from NZD 2.64 billion. The 12-month gap narrowed to NZD 11 billion from NZD 10.65 billion in prior period.
2019-12-17
New Zealand Current Account Deficit Narrows
New Zealand’s current account deficit narrowed to NZD 1.11 billion in the second quarter of 2019 from NZD 1.67 billion a year earlier to practically match expectations of a NZD 1.12 billion gap. The goods account surplus widened to NZD 0.95 billion from NZD 0.27 billion a year ago. In contrast, the services account surplus narrowed to NZD 0.57 billion from NZD 0.96 billion. Meantime, the primary account deficit narrowed to NZD 2.35 billion from NZD 2.82 billion, whereas the secondary account shortfall widened to NZD 0.28 billion from NZD 0.09 billion. The 12-month gap widened to NZD 10.23 billion from NZD 9.33 billion for the previous period.
2019-09-17
New Zealand Current Account Surplus Widens
New Zealand current account surplus widened to NZD 0.68 billion in the first quarter of 2019 from NZD 0.09 billion a year earlier and compared to expectations of a NZD 0.53 billion surplus. The goods account switched to a NZD 0.23 billion surplus from a NZD 0.39 deficit a year ago. In contrast, the services account surplus narrowed to NZD 2.98 billion from NZD 3.24 billion. Meantime, the primary account deficit narrowed to NZD 2.41 billion from NZD 2.63 billion, whereas the secondary account remained practically unchanged at NZD 0.12 billion (vs NZD 0.13 billion).
2019-06-18

New Zealand Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).