New Zealand’s current account deficit narrowed to NZD 1.11 billion in the second quarter of 2019 from NZD 1.67 billion a year earlier to practically match expectations of a NZD 1.12 billion gap. The goods account surplus widened to NZD 0.95 billion from NZD 0.27 billion a year ago. In contrast, the services account surplus narrowed to NZD 0.57 billion from NZD 0.96 billion. Meantime, the primary account deficit narrowed to NZD 2.35 billion from NZD 2.82 billion, whereas the secondary account shortfall widened to NZD 0.28 billion from NZD 0.09 billion. The 12-month gap widened to NZD 10.23 billion from NZD 9.33 billion for the previous period. Current Account in New Zealand averaged -1031.26 NZD Million from 1971 until 2019, reaching an all time high of 1737 NZD Million in the first quarter of 2016 and a record low of -6236 NZD Million in the third quarter of 2018.

Current Account in New Zealand is expected to be -4300.00 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 -1600.00 in 12 months time. In the long-term, the New Zealand Current Account is projected to trend around -2790.00 NZD Million in 2020, according to our econometric models.

New Zealand Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-18 09:45 PM Current Account Q3 NZ$-6.15B NZ$-1.62B NZ$-5.85B -4.0B
2019-03-19 09:45 PM Current Account Q4 NZ$-3.26B NZ$-6.18 NZ$-3.555B NZ$-3.7B
2019-06-18 10:45 PM Current Account Q1 NZ$0.68B NZ$-3.26B NZ$0.526B NZ$ 0.6B
2019-09-17 10:45 PM Current Account Q2 NZ$-1.11B NZ$0.68B NZ$-1.117B NZ$-0.9B
2019-12-17 09:45 PM Current Account Q3 NZ$-1.11B NZ$-4.3B


New Zealand Trade Last Previous Highest Lowest Unit
Balance of Trade -1242.00 -1628.00 1157.64 -1628.00 NZD Million [+]
Current Account -1106.00 721.00 1737.00 -6236.00 NZD Million [+]
Current Account to GDP -3.60 -3.00 -0.10 -8.90 percent [+]
Imports 5710.00 5710.00 6133.86 37.85 NZD Million [+]
Exports 4470.00 4080.00 5742.63 19.68 NZD Million [+]
External Debt 284710.00 282892.00 284710.00 67673.00 NZD Million [+]
Terms of Trade 1437.00 1415.00 1472.00 796.00 Index Points [+]
Capital Flows -14.00 -349.00 7263.00 -3332.00 NZD Million [+]
Foreign Direct Investment 4994.00 -1110.00 4994.00 -7322.00 NZD Million [+]
Tourist Arrivals 251131.00 255585.00 529255.00 40.00 [+]
Terrorism Index 0.29 0.61 1.19 0.00 [+]
Weapons Sales 6.00 4.00 75.00 1.00 USD Million [+]
Crude Oil Production 26.00 26.00 72.00 15.00 BBL/D/1K [+]
Global Dairy Trade Price Index 2.00 -0.40 22.60 -14.00 percent [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1106.00 721.00 1737.00 -6236.00 1971 - 2019 NZD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 25.71 Aug/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 6037.00 Aug/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5265.60 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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