New Zealand recorded a Current Account deficit of 5.70 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in New Zealand averaged -4.23 percent of GDP from 1980 until 2024, reaching an all time high of -0.10 percent of GDP in 1988 and a record low of -8.90 percent of GDP in 1984. source: Statistics New Zealand
Current Account to GDP in New Zealand is expected to reach -4.50 percent of GDP by the end of 2026, 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 -4.30 percent of GDP in 2027 and -4.00 percent of GDP in 2028, according to our econometric models.