New Zealand current account deficit widened to NZD 3.26 billion in the fourth quarter of 2018 from NZD 2.85 billion a year earlier and compared to expectations of a NZD 3.56 billion shortfall. The goods account deficit widened sharply to NZD 1.70 billion from NZD 1.19 billion a year earlier, whereas the services account surplus narrowed to NZD 0.97 billion from NZD 1.97 billion. Meantime, the primary income shortfall narrowed to NZD 2.52 billion from NZD 2.95 billion, whereas the secondary income account turned balanced compared to a NZD 0.10 billion surplus in Q4 2017. In 2018, the country's current account gap rose to NZD 2.74 billion from NZD 2.05 billion in the previous year. Current Account in New Zealand averaged -1050.70 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 600.00 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 -2915.00 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
2018-06-19 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$-5.85B -4.0B
2019-03-19 09:45 PM Current Account NZ$-3.26B NZ$-6.18 NZ$-3.555B NZ$-3.7B
2019-06-18 10:45 PM Current Account NZ$-3.26B NZ$ 0.6B
2019-09-18 10:45 PM Current Account -0.65B
2019-12-18 09:45 PM Current Account


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade 922.00 -68.00 1157.64 -1579.92 NZD Million [+]
Current Account -3260.00 -6175.00 1411.00 -6175.00 NZD Million [+]
Current Account to GDP -2.80 -2.60 -0.10 -8.90 percent [+]
Imports 4773.00 4776.00 6133.86 37.85 NZD Million [+]
Exports 5696.00 4708.00 5696.00 19.68 NZD Million [+]
External Debt 278355.00 280086.00 280086.00 67673.00 NZD Million [+]
Terms of Trade 1403.00 1447.00 1472.00 796.00 Index Points [+]
Capital Flows 1382.00 -351.00 7646.00 -3332.00 NZD Million [+]
Foreign Direct Investment 2246.00 911.00 3096.00 -7322.00 NZD Million [+]
Tourist Arrivals 417934.00 399346.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 4.00 12.00 75.00 0.00 USD Million [+]
Crude Oil Production 23.00 21.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3260.00 -6175.00 1411.00 -6175.00 1971 - 2018 NZD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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