New Zealand’s current account balance switched to an NZD 1.396 billion deficit in the second quarter of 2021 from an NZD 1.654 billion surplus in the corresponding period of the previous year. The goods surplus narrowed to NZD 1.465 billion from NZD 3.770 billion a year earlier; the services gasp widened to NZD 0.801 billion from NZD 421 billion; and the primary income shortfall rose to NZD 1.666 billion from NZD 1.230 billion. On the other hand, the secondary income deficit went down to NZD 0.394 billion from NZD 466 billion. source: Statistics New Zealand
Current Account in New Zealand averaged -1077.21 NZD Million from 1971 until 2021, reaching an all time high of 2325 NZD Million in the first quarter of 2020 and a record low of -6469 NZD Million in the third quarter of 2018. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Current Account in New Zealand is expected to be -3250.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Current Account is projected to trend around -2400.00 NZD Million in 2022, according to our econometric models.