New Zealand’s current account deficit widened to NZD 10.2 billion in the third quarter of 2022 from NZD 8.6 billion in the same period of the previous year, mostly in line with analysts’ expectations. The goods deficit widened to NZD 4.9 billion from NZD 4.4 billion a year earlier, while the services gap rose to NZD 2.2 billion from NZD 1.9 billion. At the same time, the primary income shortfall increased to NZD 2.4 billion from NZD 1.9 billion. Meanwhile, the secondary income deficit narrowed marginally to NZD 0.3 billion from NZD 0.9 billion. source: Statistics New Zealand

Current Account in New Zealand averaged -1240.31 NZD Million from 1971 until 2022, reaching an all time high of 2308.00 NZD Million in the first quarter of 2020 and a record low of -10205.00 NZD Million in the third quarter of 2022. This page provides the latest reported value for - New Zealand Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Current Account - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Current Account in New Zealand is expected to be -4500.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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New Zealand Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-09-13 10:45 PM Q2 NZ$-5.224B NZ$-6.502B NZ$-4.7B NZ$-5B
2022-12-13 09:45 PM Q3 NZ$-10.2B NZ$-5.423B NZ$-10B NZ$-9.2B
2023-03-14 09:45 PM Q4 NZ$-10.2B NZ$ -2.4B


Related Last Previous Unit Reference
Balance of Trade -475.39 -2179.86 NZD Million Dec 2022
Current Account -10205.00 -5423.00 NZD Million Sep 2022
Current Account to GDP -6.50 -2.70 percent of GDP Dec 2021
Exports 6716.93 6339.80 NZD Million Dec 2022
Imports 7192.32 8519.66 NZD Million Dec 2022
Terms of Trade 1440.00 1491.00 points Sep 2022
Foreign Direct Investment 2134.00 5624.00 NZD Million Sep 2022
Capital Flows 5148.00 8654.00 NZD Million Sep 2022
Tourist Arrivals 231313.00 161631.00 Nov 2022

New Zealand Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-10205.00 -5423.00 2308.00 -10205.00 1971 - 2022 NZD Million Quarterly
Current Prices, NSA

News Stream
New Zealand Current Account Deficit Widens
New Zealand’s current account deficit widened to NZD 10.2 billion in the third quarter of 2022 from NZD 8.6 billion in the same period of the previous year, mostly in line with analysts’ expectations. The goods deficit widened to NZD 4.9 billion from NZD 4.4 billion a year earlier, while the services gap rose to NZD 2.2 billion from NZD 1.9 billion. At the same time, the primary income shortfall increased to NZD 2.4 billion from NZD 1.9 billion. Meanwhile, the secondary income deficit narrowed marginally to NZD 0.3 billion from NZD 0.9 billion.
2022-12-13
New Zealand Q1 Current Account Gap Widens Sharply
New Zealand’s current account deficit surged to NZD 5,224 million in Q2 of 2022 from NZD 1,671 million in the same period of the previous year and compared with market expectations of an NZD 4,700 million shortfall. The deficit of services accounts jumped to NZD 2,012 million from NZD 649 million a year ago, while that of primary income widened to NZD 2,931 million from NZD 2,290 million. Also, the gap of secondary income increased to NZD 254 million from 187 million. Meantime, the goods account reversed to a small shortfall of NZD 27 million from a surplus of NZD 1,456 million as exports grew by 12.5% to NZD 19,446 million while imports gained 23.1% to NZD 19,43 million.
2022-09-13
NZ Q1 Current Account Gap Larger than Expected
New Zealand’s current account deficit widened to NZD 6.1 billion in the first quarter of 2022 from NZD 3.2 billion in the corresponding period of the previous year and compared with market expectations of an NZD 5.5 billion shortfall. The goods gap increased significantly to NZD 1.6 billion from NZD 0.3 billion a year earlier, as imports surged 23.3% to NZD 18.3 billion while exports rose at a slower 15.2% to NZD 16.7 billion. The services deficit also stretched to NZD 1.9 billion from NZD 0.9 billion in the first quarter of 2021; and the primary income gap widened to NZD 2.3 billion from NZD 1.7 billion. Meanwhile, the secondary income shortfall was barely unchanged at NZD 0.3 billion.
2022-06-14