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 October of 2021.

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


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.

New Zealand Last Unit Reference Previous Highest Lowest
Balance of Trade -2143.70 NZD Million Aug/21 -397.46 1350.34 -2143.70
Current Account -1396.00 NZD Million Jun/21 -3189.00 2325.00 -6469.00
Current Account to GDP -2.70 percent of GDP Dec/20 -3.60 -0.10 -8.90
Imports 6494.53 NZD Million Aug/21 6166.78 6494.53 37.85
Exports 4350.83 NZD Million Aug/21 5769.31 5958.32 19.68
Terms of Trade 1526.00 points Jun/21 1477.00 1526.00 796.00
Foreign Direct Investment 1717.00 NZD Million Jun/21 2536.00 4813.00 -7322.00
Capital Flows -277.00 NZD Million Jun/21 -1891.00 7357.00 -7912.00
Tourist Arrivals 2676.00 Aug/21 30209.00 529255.00 40.00