Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

The economy likely took a hit in Q3 amid the reinstatement of lockdowns in the second half of August due to rising new Covid-19 cases. Electronic card transactions slumped in the quarter, while consumer confidence cooled. This, coupled with deteriorating business sentiment, hints at a weaker economic performance. Sentiment indicators remained downbeat in October, as several restrictions were kept in place. However, in late October the government announced plans to gradually ease both travel-related and domestic restrictions, with Auckland set to exit lockdown by year-end. That said, it has set a demanding target for 90% of the eligible population to be fully vaccinated before lockdowns can be lifted. Meanwhile, the cabinet recently announced a package of measures to support low-income households, while in October it sealed a trade deal with the UK to reduce tariffs on several products.

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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