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 January 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 -864.00 -1302.00 NZD Million Nov/21
Current Account -8300.00 -1396.00 NZD Million Sep/21
Current Account to GDP -2.70 -3.60 percent of GDP Dec/20
Exports 5860.00 5360.00 NZD Million Nov/21
Imports 6730.00 6660.00 NZD Million Nov/21
Terms of Trade 1536.00 1525.00 points Sep/21
Foreign Direct Investment -1021.00 1717.00 NZD Million Sep/21
Capital Flows 9346.00 -277.00 NZD Million Sep/21
Tourist Arrivals 5309.00 3687.00 Nov/21
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.