New Zealand skyline

New Zealand Current Account Balance (USD bn)

The economy surprised on the upside in Q3 2022 and posted a faster-than-expected sequential increase thanks to a recovering tourism sector, a rebound in investment and a milder contraction in household spending. The fourth quarter of last year should have registered a softer pace of expansion. Month-on-month retail payment card spending contracted, on average, in the period. Moreover, business and consumer sentiment weakened considerably compared to Q3. On top of this, the unemployment rate ticked up, and inflation remained notably elevated in Q4, boding poorly for household spending. In Q1 2023, there is room for hope: Business and consumer sentiment regained some ground in January—although they remained downbeat—and retail card spending rebounded.

New Zealand Current Account Balance (USD bn) Data

2017 2018 2019 2020 2021
Current Account Balance (USD bn) -6 -9 -6 -2 -15

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest