Current Account in New Zealand

New Zealand Current Account (USD bn) | Economic News & Forecasts

New Zealand - Current Account (billions of U.S. Dollars)

Growth should have remained broadly steady in the third quarter and at the outset of the fourth quarter, after a downturn in construction activity weighed on the economy in the second quarter. A rising unemployment rate and falling consumer confidence point to some slowdown in consumer spending in the third quarter; however, improving confidence in October suggests it regained some strength at the beginning of Q4. Moreover, despite monetary easing, worsening business confidence and conditions and weaker exports likely dragged on investment activity in Q3. Meanwhile, on the political front, the government announced in early November it had reached a deal with China to upgrade its free trade agreement. By reducing compliance costs and making export activity easier, the upgrade is set to support the external sector going forward.

New Zealand - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-5.9  -6.3  -5.2  -4.0  -5.8  

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New Zealand Current Account (USD bn) Chart

New Zealand Current Account
Note: Current account balance as % of GDP.
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

Bond Yield1.061.20 %Sep 04
Exchange Rate0.64-1.69 %Sep 04
Stock Market4,7780.11 %Sep 04

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