Current account balance as a proportion of GDP (%) in New Zealand
New Zealand: Current account balance as a proportion of GDP (%) was -4.7% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in New Zealand, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in New Zealand is -4.7%, measured in 2024.
Compared with earlier readings it is up 24.7% on the previous year and down 50.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in New Zealand peaked at -0.8% in 2001 and was at its lowest, -8.8%, in 2022.
New Zealand ranks 147th of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.3% | — |
| 2001 | -0.8% | -76.5% |
| 2002 | -2.1% | +169.8% |
| 2003 | -2.4% | +14.8% |
| 2004 | -4.5% | +87.4% |
| 2005 | -7.0% | +55.2% |
| 2006 | -7.1% | +1.0% |
| 2007 | -6.8% | -3.8% |
| 2008 | -7.7% | +13.2% |
| 2009 | -2.5% | -67.8% |
| 2010 | -2.3% | -5.6% |
| 2011 | -2.9% | +22.6% |
| 2012 | -3.9% | +36.3% |
| 2013 | -3.1% | -21.7% |
| 2014 | -3.1% | +1.1% |
| 2015 | -2.6% | -15.3% |
| 2016 | -2.2% | -17.7% |
| 2017 | -2.9% | +35.5% |
| 2018 | -4.2% | +42.5% |
| 2019 | -2.8% | -32.2% |
| 2020 | -1.1% | -61.6% |
| 2021 | -5.6% | +420.6% |
| 2022 | -8.8% | +55.2% |
| 2023 | -6.2% | -29.5% |
| 2024 | -4.7% | -24.7% |
New Zealand compared with similar countries
- New Zealand's -4.7% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- New Zealand's -4.7% is below the median for East Asia & Pacific, which is 1.1%. (30 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | -420.6% | -1.1% | -5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.4% | -7.7% | -0.8% | 10 |
| 2010s | -3.0% | -4.2% | -2.2% | 10 |
| 2020s | -5.3% | -8.8% | -1.1% | 5 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- Real gdp growth, annual growth rate 161.32 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.11 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 552.02 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8628 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 403.08 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.49 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in New Zealand?
- Current account balance as a proportion of gdp in New Zealand was -4.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in New Zealand?
- The highest recorded value was -0.8% in 2001.
- What is the lowest current account balance as a proportion of gdp recorded in New Zealand?
- The lowest recorded value was -8.8% in 2022.
- How does New Zealand rank for current account balance as a proportion of gdp?
- New Zealand ranks 147th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in New Zealand?
- Over the last ten years it is down 50.7%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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