Current account balance (credit less debit), Net (credits less) in New Zealand
New Zealand: Current account balance (credit less debit), Net (credits less) was -12.11 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in New Zealand, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in New Zealand stood at -12.11 billion.
That represents a change of up 23.2% on the previous year and down 94.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in New Zealand peaked at -2.31 billion in 2020 and was at its lowest, -21.85 billion, in 2022.
That places New Zealand 187th out of 198 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in New Zealand, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -8.03 billion | — |
| 2006 | -7.88 billion | -1.8% |
| 2007 | -9.32 billion | +18.3% |
| 2008 | -10.26 billion | +10.1% |
| 2009 | -3.01 billion | -70.7% |
| 2010 | -3.43 billion | +13.9% |
| 2011 | -4.82 billion | +40.6% |
| 2012 | -6.89 billion | +42.8% |
| 2013 | -5.84 billion | -15.3% |
| 2014 | -6.22 billion | +6.6% |
| 2015 | -4.66 billion | -25.1% |
| 2016 | -4.07 billion | -12.7% |
| 2017 | -6.03 billion | +48.2% |
| 2018 | -8.82 billion | +46.1% |
| 2019 | -6.01 billion | -31.8% |
| 2020 | -2.31 billion | -61.6% |
| 2021 | -14.33 billion | +520.6% |
| 2022 | -21.85 billion | +52.5% |
| 2023 | -15.77 billion | -27.9% |
| 2024 | -12.11 billion | -23.2% |
New Zealand compared with similar countries
- New Zealand's -12.11 billion is below the median for high income countries, which is 547.38 million. (72 countries reporting)
- New Zealand's -12.11 billion is below the median for East Asia & Pacific, which is 65.63 million. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | -520.6% | -2.31 billion | -14.33 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.70 billion | -10.26 billion | -3.01 billion | 5 |
| 2010s | -5.68 billion | -8.82 billion | -3.43 billion | 10 |
| 2020s | -13.27 billion | -21.85 billion | -2.31 billion | 5 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Reserve position in the IMF, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 81.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 59.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 81.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in New Zealand?
- Current account balance (credit less debit), net (credits less debits) in New Zealand was -12.11 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in New Zealand?
- The highest recorded value was -2.31 billion in 2020.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in New Zealand?
- The lowest recorded value was -21.85 billion in 2022.
- How does New Zealand rank for current account balance (credit less debit), net (credits less debits)?
- New Zealand ranks 187th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in New Zealand?
- Over the last ten years it is down 94.5%. 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, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.