New Zealand recorded a Current Account deficit of 3.70 percent of the country's Gross Domestic Product in 2025. Current Account to GDP in New Zealand averaged -4.18 percent of GDP from 1980 until 2025, reaching an all time high of -0.10 percent of GDP in 1988 and a record low of -9.00 percent of GDP in 2022. 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.



Related Last Previous Unit Reference
Balance of Trade -257.00 -627.00 NZD Million Feb 2026
Capital Flows 3689.00 5552.00 NZD Million Dec 2025
Current Account -5984.00 -8357.00 NZD Million Dec 2025
Current Account to GDP -3.70 -4.70 percent of GDP Dec 2025
Exports 6630.00 6100.00 NZD Million Feb 2026
Foreign Direct Investment 2376.00 538.00 NZD Million Dec 2025
Imports 6890.00 6730.00 NZD Million Feb 2026
Terms of Trade 1593.00 1536.00 points Dec 2025
Tourism Revenues 4613.00 3300.00 NZD Million Dec 2025
Visitor Arrivals YoY 385426.00 502640.00 Jan 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.70 -4.70 -0.10 -9.00 1980 - 2025 percent of GDP Yearly
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