Breaking News

New Zealand Current Account % of Gross Domestic Product (GDP)

Latest Release

Sep 18, 2024

Actual

-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.

Importance:

Country:

Currency: NZD

Source: Statistics New Zealand

Release Date	Time	Actual	Previous
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%
Sep 19, 2023 (Q2)	17:45	-7.50%	-8.50%

News

Forex - Yen weakens after report BoJ may push negative rate policy By Investing.com - Sep 13, 2016 1

Investing.com - The yen weakened in Asia on Wednesday as investors responded to a report on possible changes to the Bank of Japan's easing policies and the kiwi rebounded after a wider than expected...

Shares in Asia narrowly mixed with Tokyo down as BoJ strategy in focus By Investing.com - Sep 13, 2016

Investing.com - Asian shares were narrowly mixed on Wednesday in cautious trade ahead of key central bank meetings in the U.S. and Japan next week. The Nikkei 225 fell 0.23% as speculation on further...

Forex - Kiwi holds weaker after wider current account, focus on Fed, BoJ By Investing.com - Sep 13, 2016

Investing.com - The kiwi held weaker in Asia on Wednesday after a wider than expected current account deficit with investors increasingly focused on central bank board meetings next week in the U.S....

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