Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

The latest national accounts data revealed that economic activity expanded at the slowest pace in nearly five years on a quarter-on-quarter basis in Q3 2018, dragged by weaker domestic demand and a downbeat external sector. Deteriorating fixed investment and government spending dampened growth as the Kaikoura earthquake repairs came to a conclusion, with construction activity consequently contracting in the third quarter. Furthermore, industrial production grew meagerly from the previous quarter, on a deterioration in manufacturing output. On a brighter note, private consumption supported growth in the third quarter, underpinned by low unemployment and faster wage growth. On the external front, exports decelerated from Q2’s peak, weighed on by slower-than-anticipated growth in China; falling imports, however, partly offset the slowdown. Year-end data, meanwhile, points towards a better fourth quarter, owing to a revival in business sentiment and increased tourist arrivals.

New Zealand - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -3.2  -3.1  -2.2  -2.7  

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New Zealand Current Account Chart


New Zealand Current Account
Note: Current account balance as % of GDP.
Source: Statistics New Zealand and Met the why particular calculations.

New Zealand Facts

ValueChangeDate
Bond Yield2.351.20 %Jan 30
Exchange Rate0.69-1.69 %Jan 30
Stock Market3,9580.11 %Jan 30

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