New Zealand current account to gdp

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New Zealand current account to gdp: -6.9 (-21.59%)
Last Update: December 31, 2023

New Zealand current account to gdp closed down -6.9 as of December 31, 2023 from -8.8 from the previous month and -3.1 from last year.


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New Zealand current account to gdp

DateValues
2023-12-31 -6.9
2022-12-31 -8.8
2021-12-31 -6
2020-12-31 -2.7
2019-12-31 -3.6
2018-12-31 -3
2017-12-31 -3
2016-12-31 -2.6
2015-12-31 -2.6
2014-12-31 -3.4
2013-12-31 -2.5
2012-12-31 -3.7
2011-12-31 -3.1
2010-12-31 -2.8
2009-12-31 -1.5
2008-12-31 -7.1
2007-12-31 -6.6
2006-12-31 -6.7
2005-12-31 -7.8
2004-12-31 -5.1
2003-12-31 -2.8
2002-12-31 -1.9
2001-12-31 -1.3
2000-12-31 -2.3

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New Zealand current account to gdp Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
current account to gdpnz.currentaccountgdp-6.9-8.8-22123DownDown02023-12-31

New Zealand current account to gdp Factors

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New Zealand current account to gdp Historical Data

The MacroVar database offers free access to historical data for the New Zealand current account to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of New Zealand current account to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the New Zealand current account to gdp

The current account to GDP ratio in New Zealand represents the country's economic health in relation to its international trade and investment. A positive current account balance indicates that the country is exporting more than it is importing, resulting in a surplus. This can be seen as a positive sign of economic strength and competitiveness. On the other hand, a negative current account balance suggests that the country is importing more than it is exporting, leading to a deficit. This could potentially indicate a reliance on foreign capital and a need for borrowing to finance the deficit. Monitoring the current account to GDP ratio provides valuable insights into a country's trade and investment patterns and can help policymakers make informed decisions to maintain a sustainable and balanced economy.

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