New Zealand recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in the 2019/2020 fiscal year source: Statistics New Zealand

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 September of 2022.

Current Account to GDP in New Zealand is expected to reach -2.50 percent by the end of 2021, 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 -3.00 percent in 2022 and -3.50 percent in 2023, according to our econometric models.

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New Zealand Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade -2447.00 -1406.00 NZD Million Aug 2022
Current Account -5224.00 -6502.00 NZD Million Jun 2022
Current Account to GDP -2.70 -3.60 percent of GDP Dec 2020
Imports 7930.00 7760.00 NZD Million Aug 2022
Exports 5480.00 6350.00 NZD Million Aug 2022
Terms of Trade 1489.00 1526.00 points Jun 2022
Capital Flows 7993.00 4373.00 NZD Million Jun 2022
Foreign Direct Investment 5484.00 2453.00 NZD Million Jun 2022
Tourist Arrivals 134175.00 94648.00 Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -3.60 -0.10 -8.90 1980 - 2020 percent of GDP Yearly
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