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.