Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

The economy continued to expand at a moderate pace in the first quarter, as a jump in construction activity and stronger growth in manufacturing offset a cooling services sector. Available indicators suggest soft momentum carried over into Q2. A solid increase in electronic card transactions and slightly more upbeat consumer confidence in Q2, on average, point to healthy consumer spending. Moreover, robust export growth in the first two months of the quarter suggests the external sector remained in good shape. On the flip side, business confidence remained deeply entrenched in pessimistic territory in the quarter, which bodes poorly for investment activity. In politics, Prime Minister Jacinda Ardern reshuffled her cabinet at the end of June and substituted the housing minister with a team of senior officials. The new team will turn its attention to making housing more affordable, one of Ardern’s main electoral promises.

New Zealand - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-     -     -     -     -     

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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 Yield1.561.20 %Jul 11
Exchange Rate0.67-1.69 %Jul 11
Stock Market4,6590.11 %Jul 11

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