New Zealand current account deficit widened to NZD 6.15 billion in the third quarter of 2018 from NZD 5.16 billion a year earlier and compared to expectations of a NZD 5.85 billion shortfall. The goods account deficit widened sharply to NZD 3.22 billion from NZD 2.15 billion a year earlier as exports climbed 12.5 percent and imports jumped 18.1 percent. The services account deficit also widened to NZD 0.30 billion from NZD 0.04 billion. In contrast, the primary income deficit narrowed to NZD 2.56 billion from NZD 2.84 billion and the secondary income gap to NZD 0.07 billion from NZD 0.13 billion. Current Account in New Zealand averaged -1039.02 NZD Million from 1971 until 2018, reaching an all time high of 1411 NZD Million in the first quarter of 2014 and a record low of -6150 NZD Million in the third quarter of 2018.

Current Account in New Zealand is expected to be -2921.73 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in New Zealand to stand at -4270.93 in 12 months time. In the long-term, the New Zealand Current Account is projected to trend around -2882.00 NZD Million in 2020, according to our econometric models.

New Zealand Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-13 09:45 PM Current Account NZ$-2.77B NZ$-4.68B NZ$-2.4B NZ$-3.8B
2018-06-19 10:45 PM Current Account NZ$0.18B NZ$-2.77B NZ$0.05B NZ$-2.8B
2018-09-18 10:45 PM Current Account NZ$-1.62B NZ$0.09B NZ$-1.05B -1B
2018-12-18 09:45 PM Current Account NZ$-6.15B NZ$-1.62B NZ$-5.85B -4.0B
2019-03-19 09:45 PM Current Account NZ$-6.15B -2.9B
2019-06-18 10:45 PM Current Account 0.075B
2019-09-18 10:45 PM Current Account -0.65B


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -861.00 -1317.00 1157.64 -1578.06 NZD Million [+]
Current Account -6150.00 -1631.00 1411.00 -6150.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
Imports 5799.88 6134.00 6134.00 37.85 NZD Million [+]
Exports 4938.98 4817.00 5508.34 19.68 NZD Million [+]
External Debt 280086.00 278453.00 280086.00 67673.00 NZD Million [+]
Terms of Trade 1444.00 1449.00 1472.00 796.00 Index Points [+]
Capital Flows -320.00 -1736.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment 684.00 -1510.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 283568.00 258155.00 513349.00 40.00 [+]
Terrorism Index 0.61 0.23 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 28.00 25.00 72.00 15.00 BBL/D/1K [+]

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



New Zealand Current Account

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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6150.00 -1631.00 1411.00 -6150.00 1971 - 2018 NZD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 23.25 Nov/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 4805.70 Nov/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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