New Zealand Current Account to GDP

New Zealand reported a Current Account deficit of 4.3 percent of the country's Gross Domestic Product in 2010/11 fiscal year. Historically, from 1980 until 2010, New Zealand Current Account to GDP averaged -5.0100 Percent reaching an all time high of -0.9000 Percent in December of 1988 and a record low of -8.9000 Percent in December of 1984. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for New Zealand Current Account to GDP.


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New Zealand Current Account to GDP


Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.



NEW ZEALAND NEWS

New Zealand Trade Surplus Widens in April
Published: 5/24/2012 3:25:32 PM By: TradingEconomics.com, Statistics New Zealand
New Zealand trade balance for April 2012 was a surplus of $355 million (9.1 percent of exports). For the year ended April 2012, there was an annual trade deficit of $541 million (1.2 percent of exports).

New Zealand Uneployment Up to 6.7 in Q1
Published: 5/3/2012 6:15:24 PM By: TradingEconomics.com, Statistics New Zealand
The unemployment rate rose to 6.7 percent in the March 2012 quarter, Statistics New Zealand said on May 3rd. This is up from a revised figure of 6.4 percent last quarter. The labour force grew by 18,000, with 9,000 more people employed as well as 9,000 more people unemployed in the March 2012 quarter.

New Zealand Reports Trade Surplus in February
Published: 3/28/2012 6:06:04 PM By: TradingEconomics.com, Statistics New Zealand
In February 2012, there was a trade surplus of $161 million (4.5 percent of exports). This compares with an average surplus of 6.1 percent of exports over the previous five February months, although there was a deficit in February 2007.

New Zealand Economy Grows 0.3% in Q4
Published: 3/22/2012 10:54:32 AM By: TradingEconomics.com, Statistics New Zealand
The New Zealand economy grew by 0.3 percent in the December 2011 quarter, Statistics New Zealand said on March 22nd. This latest result follows economic growth of 0.7 percent in the September 2011 quarter.

New Zealand Leaves Rate Unchanged
Published: 3/8/2012 12:26:44 PM By: TradingEconomics.com, RBNZ
The Reserve Bank left on March 8th, the Official Cash Rate (OCR) unchanged at 2.5 percent.

New Zealand Reports Trade Deficit in January
Published: 2/29/2012 1:16:56 PM By: TradingEconomics.com, Statistics New Zealand
In January 2012, the value of exported goods rose $430 million (13 percent), to $3.7 billion. Imported goods rose $637 million (19 percent), to $3.9 billion.

New Zealand Reports Trade Surplus in December
Published: 2/2/2012 2:29:02 PM By: TradingEconomics.com, Statistics New Zealand
In December 2011, New Zealand reported a trade surplus equivalent to $338 million (7.8 percent of exports). This compares with an average deficit of 5.2 percent of exports over the previous five December months.

New Zealand Inflation Down to 1.8% in Q4
Published: 1/19/2012 7:18:29 PM By: TradingEconomics.com, Statistics New Zealand
In the year to the December 2011 quarter the CPI rose 1.8 percent. This compares with a 4.6 percent rise for the year to the September 2011 quarter. Unlike the previous four quarters, the latest annual increase does not include most of the effects of the GST increase that occurred in October 2010.

New Zealand Exports Rises in November
Published: 1/9/2012 6:00:30 PM By: TradingEconomics.com, Statistics New Zealand
In the November 2011 month compared with the November 2010 month, the value of exported goods increased $251 million (6.8 percent) to $3.9 billion. The trend for export values remains at record-high levels.

New Zealand GDP Up 0.8% in Q3
Published: 12/22/2011 1:05:40 PM By: TradingEconomics.com, Statistics New Zealand
New Zealand Gross domestic product was up 0.8 percent in the September 2011 quarter, following a 0.1 percent increase in the June 2011 quarter. The increase in the latest quarter is the fourth consecutive quarter of growth following a decline of 0.1 percent in the September 2010 quarter.

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