New Zealand recorded a Current Account deficit of 6.5 percent of the country's Gross Domestic Product in the 2021/2022 fiscal year. source: Statistics New Zealand

Current Account to GDP in New Zealand averaged -4.02 percent of GDP from 1980 until 2021, reaching an all time high of -0.10 percent of GDP in 1988 and a record low of -8.90 percent of GDP 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 February of 2023.

Current Account to GDP in New Zealand is expected to reach -8.00 percent of GDP by the end of 2022, 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 -6.00 percent of GDP in 2023 and -3.50 percent of GDP in 2024, according to our econometric models.

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New Zealand Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -475.39 -2179.86 NZD Million Dec 2022
Current Account -10205.00 -5423.00 NZD Million Sep 2022
Current Account to GDP -6.50 -2.70 percent of GDP Dec 2021
Imports 7192.32 8519.66 NZD Million Dec 2022
Exports 6716.93 6339.80 NZD Million Dec 2022
Terms of Trade 1440.00 1491.00 points Sep 2022
Foreign Direct Investment 2134.00 5624.00 NZD Million Sep 2022
Capital Flows 5148.00 8654.00 NZD Million Sep 2022
Tourist Arrivals 231313.00 161631.00 Nov 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
-6.50 -2.70 -0.10 -8.90 1980 - 2021 percent of GDP Yearly