New Zealand Current Account  1971-2017 | Data | Chart | Calendar

New Zealand current account gap narrowed to NZD 2335 million in the fourth quarter of 2016 from a NZD 2841 million shortfall a year earlier and slightly below market expectations of NZD 2340 million. The services surplus increased to NZD 1098 million (NZD +920 million a year earlier); the primary income deficit narrowed to NZD 2043 million (NZD -2309 million a year earlier); and the secondary income balance jumped to a NZD 68 million surplus (NZD 87 million gap a year earlier). The goods account was the only one deteriorating in Q4, as the deficit widened to NZD 1458 million (NZD -1364 million a year earlier). The annual current account deficit was NZD 7.11 billion or 2.7 percent of GDP for the year ended December 2016 (NZD 8.32 billion or 3.2 percent of GDP a year earlier). Current Account in New Zealand averaged -988.44 NZD Million from 1971 until 2016, reaching an all time high of 1421 NZD Million in the first quarter of 2014 and a record low of -6102 NZD Million in the third quarter of 2008.

New Zealand Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-13 10:45 PM Q2 NZ$ -0.94B NZ$1.18B N$-0.411B N$-0.3B
2016-12-21 09:45 PM Q3 NZ$ -4.89B NZ$ -0.94B NZ$ -5.015B NZ$ -2.2B
2017-03-14 09:45 PM Q4 NZ$-2.34B NZ$ -5.03B NZ$-2.543B NZ$ -2.4B
2017-06-14 10:45 PM Q1 NZ$-2.34B 1.4B
2017-09-13 10:45 PM Q2 -0.95B
2017-12-13 09:45 PM Q3 -4.7B




New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 578.00 277.00 1157.64 -1387.99 NZD Million [+]
Exports 4750.00 4605.00 5032.54 19.68 NZD Million [+]
Imports 4172.00 4328.00 4975.09 37.85 NZD Million [+]
Current Account -2335.00 -5029.00 1421.00 -6102.00 NZD Million [+]
Current Account to GDP -2.70 -3.40 -0.90 -8.90 percent [+]
External Debt 261128.00 260715.00 261128.00 67673.00 NZD Million [+]
Terms of Trade 1362.00 1289.00 1438.00 796.00 Index Points [+]
Capital Flows -2568.00 5247.00 7149.00 -3332.00 NZD Million [+]
Foreign Direct Investment 680.00 334.00 3717.00 -7322.00 NZD Million [+]
Tourist Arrivals 311866.00 343799.00 494193.00 40.00 [+]
Crude Oil Production 33.00 31.00 72.00 15.00 BBL/D/1K [+]
Weapons Sales 6.00 1.00 75.00 1.00 USD Million [+]
Terrorism Index 0.23 1.19 1.19 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



New Zealand Current Account Notes

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - New Zealand Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Current Account - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2335.00 -5029.00 1421.00 -6102.00 1971 - 2016 NZD Million Quarterly
Current Prices, NSA



current account by Country

Last
Australia -3853.00 Dec/16
Brazil 1152.80 Apr/17
Canada -10726.00 Dec/16
China 190.00 Mar/17
Euro Area 44.80 Mar/17
France -3032.00 Mar/17
Germany 30200.00 Mar/17
India -7900.00 Dec/16
Indonesia -2397.00 Mar/17
Italy 3121.40 Mar/17
Japan 2907.70 Mar/17
Mexico -6859.20 Mar/17
Netherlands 17897.70 Dec/16
Russia 22800.00 Mar/17
South Korea 5930.00 Mar/17
Spain -223.00 Feb/17
Switzerland 22022.94 Dec/16
Turkey -3057.00 Mar/17
United Kingdom -12088.00 Dec/16
United States -112382.00 Dec/16