Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

The economy seems to have sustained its momentum in the first quarter even though tailwinds to growth have softened. Domestically, lower electronic card transactions and a dip in employment growth point to more moderate household spending. Fixed investment, on the other hand, likely held up, supported by upbeat construction activity as reflected by rising building consent issues in Q1. On the external front, export growth was probably restrained by waning tourist arrivals, which recorded the slowest expansion in six years owing to a fall in Chinese visitors. Turning to Q2, domestic activity looks somewhat brighter: Electronic card transactions accelerated in April, which, coupled with upbeat consumer sentiment, suggest that spending may strengthen ahead. In addition, investment should get a boost going forward after the ruling Labour party rolled back its planned capital gains tax on 17 April, amid growing opposition.

New Zealand - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -3.2  -3.1  -2.2  -2.7  

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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 Yield1.831.20 %May 13
Exchange Rate0.66-1.69 %May 13
Stock Market4,4380.11 %May 13

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