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 is reported by the Statistics New Zealand. 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.40 -4.10 -0.90 -8.90 -3.23 | 2014/06 1980 - 2013 Percent Yearly

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New Zealand Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
External Debt 249126.00 2013-12-31 249817.00 271406.00 67673.00 247670.73 2014-06-30 NZD Million [+]
Foreign Direct Investment 2347.00 2013-11-15 2175.00 2654.00 676.00 2238.69 2014-06-30 NZD Million [+]
Terms of Trade 1387.00 2013-11-15 1355.00 1438.00 796.00 1499.07 2014-06-30 Index Points [+]
Tourist Arrivals 414379.00 2014-03-15 455221.00 530889.00 2751.00 428086.99 2014-04-30 [+]
Current Account -837.00 2013-11-15 -2577.00 354.00 -4298.00 -1384.01 2014-06-30 NZD Million [+]
Current Account to GDP -3.40 2013-12-31 -4.10 -0.90 -8.90 -3.23 2014-06-30 Percent [+]
Balance of Trade 817.77 2014-02-15 286.16 1157.64 -1251.92 694.35 2014-06-30 NZD Million [+]
Exports 4555.79 2014-02-15 4070.39 4749.52 19.68 4347.42 2014-06-30 NZD Million [+]
Imports 3738.02 2014-02-15 3784.23 4820.02 37.85 4048.13 2014-06-30 NZD Million [+]
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Current Account to GDP | Notes
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.


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