New Zealand recorded a Current Account deficit of 3.60 percent of the country's Gross Domestic Product in the 2018 fiscal year

Current Account to GDP in New Zealand averaged -4.04 percent from 1980 until 2018, reaching an all time high of -0.10 percent in 1988 and a record low of -8.90 percent in 1984. 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 - values, historical data and charts - was last updated on June of 2020. source: Statistics New Zealand

Current Account to GDP in New Zealand is expected to reach -4.00 percent by the end of 2020, 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 2021 and -2.50 percent in 2022, according to our econometric models.

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New Zealand Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.60 -3.00 -0.10 -8.90 1980 - 2018 percent Yearly
SA

New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 1267.31 722.45 1267.31 -1641.63 NZD Million [+]
Current Account -2657.00 -6260.00 1737.00 -6260.00 NZD Million [+]
Current Account to GDP -3.60 -3.00 -0.10 -8.90 percent [+]
Imports 3994.30 5092.58 6133.86 37.85 NZD Million [+]
Exports 5260.00 5820.00 5820.00 19.68 NZD Million [+]
External Debt 284713.00 294466.00 294466.00 67673.00 NZD Million [+]
Terms of Trade 1490.00 1500.00 1500.00 796.00 points [+]
Capital Flows 1065.00 5793.00 7263.00 -3332.00 NZD Million [+]
Foreign Direct Investment 1753.00 889.00 4526.00 -7322.00 NZD Million [+]
Tourist Arrivals 175521.00 372745.00 529255.00 40.00 [+]
Weapons Sales 6.00 4.00 75.00 1.00 USD Million [+]
Terrorism Index 0.14 0.29 1.19 0.00 [+]
Crude Oil Production 21.00 20.00 72.00 15.00 BBL/D/1K [+]
Global Dairy Trade Price Index 1.00 -0.80 22.60 -14.00 percent [+]


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.