Trends in Quarterly Current Account Balance in New Zealand
New Zealand| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The quarterly current account balance is a component of New Zealand's balance of payments and represents the sum of the trade balance (difference between exports and imports), income balance (difference between income received from abroad and income paid to foreign entities), and current transfers (government and private remittances). This data is released quarterly by Statistics New Zealand and is crucial for assessing the health of the balance of payments and the competitiveness of the economy.
A current account surplus indicates that New Zealand's income from abroad exceeds its expenditure, leading to an increase in foreign exchange reserves, which is a positive factor for the economy. Conversely, a current account deficit suggests that expenditure abroad exceeds income, leading to a decrease in foreign exchange reserves and potentially indicating economic imbalance.
This data serves as a reference for policymakers to adjust international balance and exchange rate policies. It is also a valuable source of information for businesses and investors to understand trends in the balance of payments and make economic forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
