Trade Balance in New Zealand
New Zealand - Trade BalanceThe economy appears to have taken a significant hit in the first quarter, and available data points to a much sharper contraction in Q2 amid lockdown measures. Manufacturing activity as well as consumer and business confidence plunged at the tail-end of Q1 and fell even further into contractionary terrain in April, while card transactions also collapsed at an unprecedented rate in the first month of Q2. Nevertheless, following almost two months of strict lockdown, in mid-May the government started to lift containment measures. Moreover, on 14 May, Prime Minister Jacinda Ardern's administration approved massive budget stimulus to buttress the economy and kickstart the recovery ahead of the September general elections. The budget is aimed at cushioning widespread unemployment and ramping up infrastructure spending. It will raise public debt significantly, however, although it should not pose significant fiscal risks given the country's low debt burden.
New Zealand - Trade Balance Data
|Trade Balance (USD billion)||-1.0||-2.5||-2.2||-2.0||-4.3|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Trade Balance Chart
Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
|Bond Yield||1.67||1.20 %||Dec 30|
|Exchange Rate||0.67||-1.69 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
New Zealand: Government approves massive budget stimulus to buttress economy ahead of September elections
May 21, 2020
On 14 May, the government unveiled an NZD 50 billion (USD 30 billion) stimulus package, largely focused on supporting employment in an effort to kickstart the economy following the impact of the coronavirus outbreak and consequent lockdown.
May 13, 2020
On 13 May, the Reserve Bank of New Zealand (RBNZ) decided to further ramp up its asset purchasing program in order to reduce borrowing costs and soften the economic impact from Covid-19.
May 6, 2020
The seasonally-adjusted unemployment rate rose to 4.2% in Q1 from 4.0% in the previous quarter.
May 1, 2020
The ANZ-Roy Morgan consumer confidence indicator collapsed to 84.8 in April from March’s 106.1, hit by tough lockdown measures.
April 24, 2020
The ANZ bank business outlook indicator worsened further in April, hit by lockdown measures enacted to limit the spread of coronavirus.