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 May 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

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

New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 32.66 201.23 1350.34 -1641.63 NZD Million [+]
Current Account -2695.00 -3521.00 1909.00 -6651.00 NZD Million [+]
Current Account to GDP -2.70 -3.60 -0.10 -8.90 percent [+]
Imports 5647.69 4300.14 6133.86 37.85 NZD Million [+]
Exports 5680.35 4501.37 5814.84 19.68 NZD Million [+]
External Debt 289422.00 289958.00 302703.00 67673.00 NZD Million [+]
Terms of Trade 1474.00 1455.00 1526.00 796.00 points [+]
Capital Flows 6517.00 4249.00 7235.00 -7892.00 NZD Million [+]
Foreign Direct Investment 3158.00 1883.00 4752.00 -7322.00 NZD Million [+]
Tourist Arrivals 5300.00 5448.00 529255.00 40.00 [+]
Weapons Sales 6.00 4.00 75.00 0.00 USD Million [+]
Terrorism Index 4.34 0.14 4.34 0.00 [+]
Crude Oil Production 20.00 17.00 72.00 15.00 BBL/D/1K [+]
Global Dairy Trade Price Index -0.70 -0.10 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.