NZD Current Account
It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country;
This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the data most commonly reported. The goods portion has no impact because it's a duplicate of the monthly Trade Balance data;
- NZD Current Account Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 18, 2024 | -4.36B | -4.69B | -7.98B |
Mar 19, 2024 | -7.84B | -7.79B | -10.97B |
Dec 12, 2023 | -11.47B | -12.15B | -4.65B |
Sep 19, 2023 | -4.21B | -4.55B | -4.66B |
Jun 13, 2023 | -5.22B | -6.95B | -10.07B |
Mar 14, 2023 | -9.46B | -7.64B | -11.40B |
Dec 13, 2022 | -10.21B | -10.20B | -5.42B |
Sep 13, 2022 | -5.22B | -4.70B | -6.50B |
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- NZD Current Account News
- From stats.govt.nz|Jun 18, 2024
Key facts: Figures compare March 2024 quarter with December 2023 quarter (unless otherwise stated). • New Zealand’s seasonally adjusted current account deficit widened by $330 million to $7.3 billion. • The current account deficit for the year ended 31 March 2024 was $27.6 billion (6.8 percent of gross domestic product (GDP)). As at 31 March 2024: • New Zealand’s net international investment liability position was $199.1 billion, compared with $210.3 billion as at 31 December 2023. In the March 2024 quarter: • seasonally adjusted ...
- From stats.govt.nz|Mar 19, 2024
Key facts: Figures compare December 2023 quarter with September 2023 quarter (unless otherwise stated). New Zealand’s seasonally adjusted current account deficit widened by $167 million to $6.9 billion. The current account deficit for the year ended 31 December 2023 narrowed to $27.8 billion (6.9 percent of gross domestic product (GDP)) from the $33.4 billion deficit in the year ended 31 December 2022 (8.8 percent of GDP). As at 31 December 2023: New Zealand’s net international investment liability position was $209.6 billion, ...
- From stats.govt.nz|Dec 12, 2023
Key facts: Figures compare September 2023 quarter with June 2023 quarter (unless otherwise stated). • New Zealand’s seasonally adjusted current account deficit widened by $0.4 billion to $7.4 billion. • The current account deficit for the year ended September 2023 narrowed to $30.6 billion (7.6 percent of gross domestic product (GDP)) from the $31.1 billion deficit for the September 2022 year (8.3 percent of GDP). As at 30 September 2023: • New Zealand’s net international liability position was $191.9 billion, compared with $193.7 ...
- From interest.co.nz|Sep 19, 2023
New Zealand’s seasonally adjusted current account deficit shrunk $1 billion dollars during the June quarter, declining to $6.7 billion from $7.7 billion in the three months prior, Statistics NZ says. A current account deficit reflects that New Zealand is spending more than it's earning overseas. The deficit ranged between 1% and 4% of gross domestic product (GDP) in the decade prior to the pandemic, but expanded to be over 8% in late 2022. The Treasury has said this was due to the disruption caused by the pandemic, poor agricultural ...
- From stats.govt.nz|Sep 19, 2023
Key facts: Figures compare June 2023 quarter with March 2023 quarter (unless otherwise stated). • New Zealand’s seasonally adjusted current account deficit narrowed $1.0 billion to $6.7 billion. • The current account deficit for the year ended 30 June 2023 widened to $29.8 billion (7.5 percent of gross domestic product (GDP)) from the $28.6 billion deficit for the June 2022 year (7.9 percent of GDP). As at 30 June 2023: • New Zealand’s net international liability position was $189.3 billion, almost unchanged from $189.2 billion at 31 ...
- From fxempire.com|Jun 13, 2023
It is a quiet morning session for the AUD/USD and NZD/USD. In the early hours, current account figures from New Zealand were in focus. The numbers delivered Kiwi Dollar support as investors responded further to the US CPI report and considered the Fed interest rate decision and FOMC economic projections. The New Zealand current account deficit narrowed from NZ$34.39 billion to NZ$33.03 billion in Q1 year-over-year. Economists forecast a deficit of NZ$29.54 billion. However, the deficit narrowed from NZ$10.07 billion to NZ$5.22 ...
- From stats.govt.nz|Jun 13, 2023
Key facts: Figures compare March 2023 quarter with December 2022 quarter (unless otherwise stated). • New Zealand’s seasonally adjusted current account deficit was $8.3 billion. • The seasonally adjusted current account deficit narrowed by $921 million in the March 2023 quarter. • The current account deficit for the year ended 31 March 2023 widened to $33.0 billion (8.5 percent of gross domestic product (GDP)) from the $24.2 billion deficit for the year ended 31 March 2022 (6.8 percent of GDP). As at 31 March 2023: • New Zealand’s ...
- From rnz.co.nz|Mar 14, 2023
The country's balance of payments deficit has blown out to its highest level in 34 years on the back of a large trade deficit and closed borders. The deficit between what the economy earns and what it spends hit $33.8 billion for the year ended December, equating to a record 8.9 percent of the value of the economy, the highest since the current series began in 1988. Broadly speaking, the country is living well beyond its means, which is filled by borrowing. Stats NZ senior manager Paul Pascoe said the increased deficit was due ...
Released on Jun 18, 2024 |
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Released on Mar 19, 2024 |
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Released on Dec 12, 2023 |
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Released on Sep 19, 2023 |
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Released on Jun 13, 2023 |
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Released on Mar 14, 2023 |
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- Details