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New Zealand Current Account % of Gross Domestic Product (GDP)
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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.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Dec 17, 2024 (Q3) | 16:45 | -6.70% | |||
| Sep 18, 2024 (Q2) | 17:45 | -6.70% | -6.70% | ||
| Sep 17, 2024 (Q2) | 17:45 | -6.70% | -6.80% | ||
| Jun 18, 2024 (Q1) | 17:45 | -6.80% | -6.90% | ||
| Mar 19, 2024 (Q4) | 16:45 | -6.90% | -7.40% | ||
| Dec 12, 2023 (Q3) | 16:45 | -7.60% | -7.60% |
Current Account % of GDP Discussion
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