New Zealand’s current account deficit widened to NZD 6.1 billion in the first quarter of 2022 from NZD 3.2 billion in the corresponding period of the previous year and compared with market expectations of an NZD 5.5 billion shortfall. The goods gap increased significantly to NZD 1.6 billion from NZD 0.3 billion a year earlier, as imports surged 23.3% to NZD 18.3 billion while exports rose at a slower 15.2% to NZD 16.7 billion. The services deficit also stretched to NZD 1.9 billion from NZD 0.9 billion in the first quarter of 2021; and the primary income gap widened to NZD 2.3 billion from NZD 1.7 billion. Meanwhile, the secondary income shortfall was barely unchanged at NZD 0.3 billion. source: Statistics New Zealand

Current Account in New Zealand averaged -1168.14 NZD Million from 1971 until 2022, reaching an all time high of 2325 NZD Million in the first quarter of 2020 and a record low of -8248 NZD Million in the third quarter of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Current Account in New Zealand is expected to be -1900.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Current Account is projected to trend around -2400.00 NZD Million in 2023, according to our econometric models.

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New Zealand Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-03-15 09:45 PM Q4 NZ$-7.26B NZ$-8.3B NZ$-6.213B NZ$-3.2B
2022-06-14 10:45 PM Q1 NZ$-6.143B NZ$-7.34B NZ$-5.5B NZ$-4.5B
2022-09-13 10:45 PM Q2 NZ$-6.143B


Related Last Previous Unit Reference
Balance of Trade 263.00 440.00 NZD Million May 2022
Current Account -6143.00 -7340.00 NZD Million Mar 2022
Current Account to GDP -2.70 -3.60 percent of GDP Dec 2020
Imports 6690.00 5720.00 NZD Million May 2022
Exports 6950.00 6160.00 NZD Million May 2022
Terms of Trade 1526.00 1517.00 points Mar 2022
Foreign Direct Investment 2453.00 2508.00 NZD Million Mar 2022
Capital Flows 4373.00 6785.00 NZD Million Mar 2022
Tourist Arrivals 54303.00 28624.00 Apr 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-6143.00 -7340.00 2325.00 -8248.00 1971 - 2022 NZD Million Quarterly
Current Prices, NSA

News Stream
NZ Q1 Current Account Gap Larger than Expected
New Zealand’s current account deficit widened to NZD 6.1 billion in the first quarter of 2022 from NZD 3.2 billion in the corresponding period of the previous year and compared with market expectations of an NZD 5.5 billion shortfall. The goods gap increased significantly to NZD 1.6 billion from NZD 0.3 billion a year earlier, as imports surged 23.3% to NZD 18.3 billion while exports rose at a slower 15.2% to NZD 16.7 billion. The services deficit also stretched to NZD 1.9 billion from NZD 0.9 billion in the first quarter of 2021; and the primary income gap widened to NZD 2.3 billion from NZD 1.7 billion. Meanwhile, the secondary income shortfall was barely unchanged at NZD 0.3 billion.
2022-06-14
New Zealand Current Account Deficit Widens in Q4
New Zealand’s current account deficit widened to NZD 7.26 billion in the fourth quarter of 2021 from a NZD 2.83 billion deficit in the corresponding period of the previous year, compared to market expectations of a NZD 6.2 billion gap. The goods deficit widened to NZD 2.9 billion from NZD 0.4 billion a year earlier, the services gap widened to NZD 2 billion from NZD 0.9 billion, and the primary income shortfall rose to NZD 2.1 billion from NZD 1.3 billion. Meanwhile, the secondary income deficit increased marginally to NZD 0.23 billion from NZD 0.21 billion. Considering the full 2021, New Zealand recorded a current account cap of 20.2 billion, totaling 5.8 percent of its GDP.
2022-03-15
NZ Current Account Deficit Widens in Q3
New Zealand’s current account deficit widened to NZD 8.3 billion in the third quarter of 2021 from an NZD 3.8 billion in the corresponding period of the previous year. The goods deficit increased to NZD 4.4 billion from NZD 1.2 billion a year earlier; the services gasp widened to NZD 1.7 billion from NZD 0.76 billion; the primary income shortfall rose to NZD 1.82 billion from NZD 1.4 billion. Meanwhile, the secondary income deficit was virtually stable at NZD 0.303 billion from NZD 0.356 billion.
2021-12-14