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Current Account - GDP Ratio

The Current Account released by the Statistics New Zealand is a net flow of current transactions, including goods, services, and interest payments into and out of New Zealand. In this case is showed as a percentage of gross domestic product. A current account surplus indicates that the flow of capital into New Zealand exceeds the capital reduction. Normally, a high reading is seen as positive (or Bullish) for the NZD, whereas a low reading is seen as negative (or Bearish).

Most recent - Tuesday 19 September 2023 22:45

Previous
-8.5%
Revised
-
Forecast
-
Actual
-7.5%

Next event - Tuesday 12 December 2023 21:45

Previous
-7.5%
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Current Account - GDP Ratio yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Current Account - GDP Ratio was -7.5%.

Past events

Date
Forecast
Actual
Tuesday 19 September 2023 22:45
-
-7.5%
Tuesday 13 June 2023 22:45
-9.3%
-8.5%
Tuesday 14 March 2023 21:45
-8.4%
-8.9%
Tuesday 13 December 2022 21:45
-8.7%
-7.9%
Tuesday 13 September 2022 22:45
-7.4%
-7.7%
Tuesday 14 June 2022 22:45
-6.3%
-6.5%
Tuesday 15 March 2022 21:45
-5.6%
-5.8%
Tuesday 14 December 2021 21:45
-4.5%
-4.6%
Tuesday 14 September 2021 22:45
-2.6%
-3.3%
Tuesday 15 June 2021 22:45
-2.1%
-2.2%
Tuesday 16 March 2021 21:45
-0.8%
-0.8%
Tuesday 15 December 2020 21:45
-0.9%
-0.8%

Economic context

Recent economic data has been broadly neutral for NZD. Other recent announcements which may affect the market's interpretation of the next Current Account - GDP Ratio result:

PreviousLatest
ExportsBearish change$5.45B$4.99B
ImportsBullish change$6.56B$7.28B
Trade Balance NZD (YoY)Bullish change$-15.81B$-15.54B
Westpac Consumer SurveyBearish change83.180.2
Gross Domestic Product (QoQ)Bullish change-0.1%0.9%
Gross Domestic Product (YoY)Bearish change2.2%1.8%
Business NZ PSIBearish change47.847.1

About Current Account - GDP Ratio

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Capital Flows
Frequency:Quarterly
 
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