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New Zealand Current Account % of Gross Domestic Product (GDP)

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New Zealand Current Account % of Gross Domestic Product (GDP)

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Status

 
Latest Release
Sep 18, 2024
Actual
-6.70%
Previous
-6.70%
Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Current account records the values of the folling: - trade balance - exports and imports of goods and services - income payments and expenditure interest, dividends, salaries - unilateral transfers aid, taxes, one-way gifts. It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows strengths and weaknesses in a country's economy and therefore helps to achieve balanced economic growth. The release of a balance of payments can have a significant effect on the exchange rate of a national currency against other currencies. It is also important to investors of domestic companies that depend on exports.
Importance:
Country:
Currency: NZD
Source: Statistics New Zealand
New Zealand Current Account % of Gross Domestic Product (GDP)
 
Release Date Time Actual Forecast Previous
Sep 18, 2024 (Q2) 23:45 -6.70%   -6.70%
Sep 17, 2024 (Q2) 23:45 -6.70%   -6.80%
Jun 18, 2024 (Q1) 23:45 -6.80%   -6.90%
Mar 19, 2024 (Q4) 22:45 -6.90%   -7.40%
Dec 12, 2023 (Q3) 22:45 -7.60%   -7.60%
Sep 19, 2023 (Q2) 23:45 -7.50%   -8.50%

Current Account % of GDP Discussion

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