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New Zealand Current Account Shortfall NZ$5.9 Billion In Q3
(RTTNews) - New Zealand posted a seasonally adjusted current account deficit of NZ$5.9 billion in the third quarter of 2022, Statistics New Zealand said on Wednesday.
That follows the NZ$5.423 billion shortfall in the previous three months.
The current account deficit for the year ended 30 September 2022 widened to NZ$29.7 billion (7.9 percent of gross domestic product (GDP)) from the NZ$16.3 billion deficit for the year ended 30 September 2021 (4.7 percent of GDP).
In the September 2022 quarter: • The seasonally adjusted goods deficit narrowed to NZ$1.9 billion. • The seasonally adjusted services deficit narrowed to NZ$1.1 billion. • The primary income deficit narrowed to NZ$2.9 billion. • The financial account recorded a net inflow of NZ$5.2 billion.
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Live Forex Spreads
| Broker | EUR/USD | EUR/GBP |
|---|---|---|
Open Account
|
6.0 | 5.3 |
Open Account
|
0.6 | 0.9 |
Open Account
|
9.2 | 2.3 |
Open Account
|
1.6 | 3.2 |
Open Account
|
1.0 | 1.6 |
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Open Account
|
0.1 | 0.3 |
Open Account
|
4.4 | 3.0 |
Open Account
|
5.6 | 4.3 |
.png)
Open Account
|
0.1 | 1.0 |
Open Account
|
1.8 | 4.1 |
