Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

The economy seems to have remained on an even keel following the first quarter’s relatively soft outturn, when a cooling services sector offset solid expansions across the manufacturing and construction sectors. On the one hand, unemployment fell to a 11-year low in Q2, while average consumer confidence was slightly more upbeat and the kiwi was relatively strong in the same period. This suggests consumer demand was healthy in Q2, further reflected by robust electronic card transactions growth in the quarter. On the other hand, downbeat business sentiment, which remained deeply entrenched in pessimistic territory in Q2, boded ill for investment activity growth, while merchandise export growth slowed amid ongoing global trade spats. Turning to the second half of the year, the Central Bank’s aggressive rate cut in August should bolster growth ahead.

New Zealand - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -3.1  -3.0  -2.2  -2.9  

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New Zealand Current Account Chart

New Zealand Current Account
Note: Current account balance as % of GDP.
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

Bond Yield1.061.20 %Sep 04
Exchange Rate0.64-1.69 %Sep 04
Stock Market4,7780.11 %Sep 04

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