New Zealand Current Account to GDP
New Zealand recorded a Current Account deficit of 3.40 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in New Zealand averaged -4.68 Percent from 1980 until 2013, reaching an all time high of -0.90 Percent in 1988 and a record low of -8.90 Percent in 1984. Current Account to GDP in New Zealand is reported by the Statistics New Zealand.
||1980 - 2013
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 provides - New Zealand Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.