Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

Available data suggests that growth maintained its slower momentum in the fourth quarter. Weaker household-spending gains appear to have materialized, as reflected by a rise in unemployment and dire electronic card transactions through year-end—and despite upbeat consumer sentiment and tepid inflation. In a similar vein, the external sector took a toll on growth: Weaker demand for dairy products by OECD and ASEAN countries in Q4, coupled with higher fuel prices, dragged the 12-month rolling trade deficit to an 11-year low at the end of last year. All this comes on the heels of a third quarter framed by easing domestic demand. On a brighter note, S&P Global Ratings revised its outlook to positive on the prospect of a sustained fiscal surplus over the next few years.

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 Yield2.111.20 %Mar 11
Exchange Rate0.68-1.69 %Mar 11
Stock Market4,1560.11 %Mar 11

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