Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

The economy shrank in sequential terms in the first quarter of this year. The spread of the Omicron variant and low travel activity owing to border restrictions were behind the poor reading. Available data paints a mixed picture for Q2. Electronic card transactions expanded solidly in April and May, likely supported by the easing of restrictions. Meanwhile, the reopening of borders facilitated the jump in border crossings in April. That said, the manufacturing PMI averaged lower in April compared to the first quarter. Moreover, consumer sentiment remained strongly downbeat in April-May amid elevated price pressures and rising interest rates. Additionally, business sentiment remained deeply pessimistic in the same period, signaling weak investment activity. In other news, the Central Bank recently lifted dividend restrictions on banks as the country’s monetary stance normalizes.

New Zealand - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-2.8  -2.0  -2.7  -3.8  -3.0  

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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

Value Change Date
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

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