New Zealand recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in the 2019/2020 fiscal year source: Statistics New Zealand

Current Account to GDP in New Zealand averaged -4.04 percent from 1980 until 2018, reaching an all time high of -0.10 percent in 1988 and a record low of -8.90 percent in 1984. This page provides - New Zealand Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Current Account to GDP - values, historical data and charts - was last updated on December of 2021.

Current Account to GDP in New Zealand is expected to reach -2.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Current Account to GDP is projected to trend around -3.00 percent in 2022 and -3.50 percent in 2023, according to our econometric models.

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New Zealand Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -1286.00 -2206.00 NZD Million Oct/21
Current Account -1396.00 -3189.00 NZD Million Jun/21
Current Account to GDP -2.70 -3.60 percent of GDP Dec/20
Imports 6640.00 6566.97 NZD Million Oct/21
Exports 5350.00 4396.00 NZD Million Oct/21
Terms of Trade 1526.00 1477.00 points Jun/21
Capital Flows -277.00 -1891.00 NZD Million Jun/21
Foreign Direct Investment 1717.00 2536.00 NZD Million Jun/21
Tourist Arrivals 2310.00 2676.00 Sep/21
New Zealand Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.