New Zealand recorded a Current Account deficit of 2.80 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in New Zealand averaged -4.05 percent from 1980 until 2017, reaching an all time high of -0.10 percent in 1988 and a record low of -8.90 percent in 1984.

Current Account to GDP in New Zealand is expected to be -2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Current Account to GDP is projected to trend around -2.30 percent in 2020, according to our econometric models.

New Zealand Current Account to GDP
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New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 433.38 823.66 1157.64 -1579.92 NZD Million [+]
Current Account -3260.00 -6175.00 1411.00 -6175.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
Imports 5114.47 4775.62 6133.86 37.85 NZD Million [+]
Exports 5547.85 5599.28 5599.28 19.68 NZD Million [+]
External Debt 278355.00 280086.00 280086.00 67673.00 NZD Million [+]
Terms of Trade 1403.00 1447.00 1472.00 796.00 Index Points [+]
Capital Flows 1382.00 -351.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment 2246.00 911.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 378270.00 417934.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 22.00 23.00 72.00 15.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



New Zealand Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - New Zealand Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -2.60 -0.10 -8.90 1980 - 2017 percent Yearly
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Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 3.00 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -3.00 Dec/17
Indonesia -3.00 Dec/18
South Africa -3.50 Dec/18
Turkey -3.50 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18


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