Current account balance as a share of GDP in New Zealand
New Zealand: Current account balance as a share of GDP was -4.7% in 2024. ◆ Volatile
Current account balance as a share of GDP in New Zealand, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in New Zealand stood at -4.7%.
Compared with earlier readings it is up 24.8% on the previous year and down 50.5% over ten years.
Over the whole period, current account balance as a share of gdp in New Zealand peaked at -0.8% in 2001 and was at its lowest, -8.8%, in 2022.
That places New Zealand 140th out of 193 countries with data for 2024, putting it 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 share of GDP in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.3% | — |
| 2001 | -0.8% | -76.4% |
| 2002 | -2.1% | +169.2% |
| 2003 | -2.4% | +14.8% |
| 2004 | -4.5% | +87.1% |
| 2005 | -7.0% | +55.2% |
| 2006 | -7.1% | +1.0% |
| 2007 | -6.8% | -3.8% |
| 2008 | -7.7% | +13.1% |
| 2009 | -2.5% | -67.9% |
| 2010 | -2.3% | -5.7% |
| 2011 | -2.9% | +22.7% |
| 2012 | -3.9% | +36.4% |
| 2013 | -3.1% | -21.5% |
| 2014 | -3.1% | +1.0% |
| 2015 | -2.6% | -15.2% |
| 2016 | -2.1% | -17.9% |
| 2017 | -2.9% | +35.8% |
| 2018 | -4.2% | +42.5% |
| 2019 | -2.8% | -32.2% |
| 2020 | -1.1% | -61.7% |
| 2021 | -5.6% | +422.2% |
| 2022 | -8.8% | +55.3% |
| 2023 | -6.2% | -29.5% |
| 2024 | -4.7% | -24.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.4% | -7.7% | -0.8% | 10 |
| 2010s | -3.0% | -4.2% | -2.1% | 10 |
| 2020s | -5.3% | -8.8% | -1.1% | 5 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- 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)
- Households and NPISHs Final consumption expenditure (current LCU) 2.59 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.9411 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 46,522 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.0126 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5156 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 25,486 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 1.35 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7802 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance as a share of gdp in New Zealand?
- Current account balance as a share of gdp in New Zealand was -4.7% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in New Zealand?
- The highest recorded value was -0.8% in 2001.
- What is the lowest current account balance as a share 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 share of gdp?
- New Zealand ranks 140th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in New Zealand?
- Over the last ten years it is down 50.5%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).