New Zealand's Q2 2024 current account deficit widened to NZ$7.2bn, representing a 6.7% GDP share.
New Zealand's current account deficit widened to NZ$7.2 billion in Q2 2024, with a yearly total of NZ$27.8 billion, or 6.7% of GDP. The primary income deficit rose to NZ$3.8 billion, driven by increased foreign profits. The goods deficit expanded to NZ$2.6 billion, while the services deficit narrowed to NZ$501 million. The net international investment liability increased to NZ$205.3 billion, reflecting rising liabilities to the rest of the world.
September 17, 2024
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