Record deficit is 'cause for concern'

.
Andy Fyers
New Zealand's balance of payments on the current account expanded to 8.9% of GDP in the final quarter of 2022. Stats NZ said it was the largest deficit since the series began in 1988.The balance of payments, or current account, essentially tracks whether NZ is paying its way in the world. It measures inflows and outflows of payments associated with imports, exports, investments and debt servicing. A deficit indicates that NZ is a net importer of goods and services.Cause for concernASB economists said the swift deterioration in the bala...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025