Trade Balance in New Zealand

New Zealand Trade Balance | Economic News & Forecasts

New Zealand - Trade Balance

The economy likely recovered in Q3 and conditions remain upbeat in Q4. Electronic card transactions rose notably in Q3, which, coupled with higher consumer confidence, points to stronger household spending, although a jump in the unemployment rate calls for caution. Similarly, improved business sentiment suggests that private sector activity bounced back in Q3. Moving to Q4, rising business and consumer confidence in October bodes well for activity. Meanwhile, Prime Minister Jacinda Ardern secured support from the Green Party for her next term in government. She named a new cabinet whose main focus will be on the economic recovery, as indicated by the appointment of Finance Minister Grant Robertson as deputy prime minister. The new government announced it will extend the small business loan scheme and boost funding for the flexi-wage job support program.

New Zealand - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.5  -2.2  -2.0  -4.3  -2.9  

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New Zealand Trade Balance Chart


New Zealand Trade
Note: Trade balance in (USD bn).
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

Value Change Date
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

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