RSS New Zealand Has NZ$6.2 Billion Current Account Deficit In Q3

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 RSS New Zealand Has NZ$6.2 Billion Current Account Deficit In Q3

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Statistics New Zealand reported on Wednesday that New Zealand experienced a seasonally adjusted current account deficit of NZ$6.2 billion in the third quarter of 2024. During this period, several key aspects of the country's economic performance showed improvement. Specifically, the goods deficit decreased to NZ$1.9 billion, while the services deficit also reduced to NZ$397 million. In terms of primary income, the deficit contracted to NZ$3.5 billion, and the financial account saw a net inflow of NZ$2.1 billion.

The nation's net international investment liability stood at NZ$208.6 billion by the end of the third quarter, up from NZ$202.9 billion at the conclusion of the second quarter. For the full year, New Zealand's current account deficit amounted to NZ$26.99 billion, equivalent to 6.4 percent of GDP.

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