Balance of payments

New Zealand’s current account deficit, now running at $27 bln per annum, is increasingly dominated by interest on historical deficits plus repatriated profits to overseas owners. Export growth is the only possible pathway to solve the problem

New Zealand’s current account deficit, now running at $27 bln per annum, is increasingly dominated by interest on historical deficits plus repatriated profits to overseas owners. Export growth is the only possible pathway to solve the problem

Guy Trafford takes a dive into the detail of our imports, wondering when the benefit of more electric vehicles will outweigh our need to import petroleum products

Guy Trafford takes a dive into the detail of our imports, wondering when the benefit of more electric vehicles will outweigh our need to import petroleum products

BNZ economists say a solid bounce in economic activity is expected in the second half of next year, but in the meantime there is more pain to be felt as the economy bounces along the bottom - torn between rising immigration and higher interest rates

BNZ economists say a solid bounce in economic activity is expected in the second half of next year, but in the meantime there is more pain to be felt as the economy bounces along the bottom - torn between rising immigration and higher interest rates

Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big

Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big

Statistics New Zealand reports that the country's deficit between what we received for exports and what we spent on imports was a record $29.7 billion in the year to September

Statistics New Zealand reports that the country's deficit between what we received for exports and what we spent on imports was a record $29.7 billion in the year to September

Statistics New Zealand reports that the country's annual current account deficit was 7.7% of GDP for the June quarter, just short of the record high 7.8% during the 2008 Global Financial Crisis

Statistics New Zealand reports that the country's annual current account deficit was 7.7% of GDP for the June quarter, just short of the record high 7.8% during the 2008 Global Financial Crisis

Stephen Roach revisits his 2020 prediction of a dollar crash and explains why he got it perfectly wrong

Stephen Roach revisits his 2020 prediction of a dollar crash and explains why he got it perfectly wrong

NZ's current account deficit for the year to September was just 0.8% of GDP, the lowest in about 19 years

NZ's current account deficit for the year to September was just 0.8% of GDP, the lowest in about 19 years

NZ earned $0.5 billion more than it spent in transactions with the rest of the world in the June quarter due to the sharp slowdown in international trade because of Covid-19; annual deficit was just 1.9% of GDP

NZ earned $0.5 billion more than it spent in transactions with the rest of the world in the June quarter due to the sharp slowdown in international trade because of Covid-19; annual deficit was just 1.9% of GDP

Statistics New Zealand says low levels of imports in April and May have caused our deficit to 'quickly shrink' to just $1.3 bln for the year to May

Statistics New Zealand says low levels of imports in April and May have caused our deficit to 'quickly shrink' to just $1.3 bln for the year to May

NZ's current account deficit narrowed to $1.6 bln in the March quarter, while the annual deficit of $8.5 bln, at 2.7% of GDP, was in line with economists' forecasts

NZ's current account deficit narrowed to $1.6 bln in the March quarter, while the annual deficit of $8.5 bln, at 2.7% of GDP, was in line with economists' forecasts

NZ's current account deficit slightly narrower than expected in December quarter; Late-2018 equity market wobbles contribute to NZ's net international liabilities jumping $11 billion 

NZ's current account deficit slightly narrower than expected in December quarter; Late-2018 equity market wobbles contribute to NZ's net international liabilities jumping $11 billion 

Stephen Roach says as China shifts to a consumption-based economy, it will become less willing to finance American deficits. A lack of savings will expose the US painfully just as its budget deficits explode

Stephen Roach says as China shifts to a consumption-based economy, it will become less willing to finance American deficits. A lack of savings will expose the US painfully just as its budget deficits explode

Stephen Roach says look at the real nature of the US savings-short economy to understand why 'momentum' won't carry it far, and why a tariff wall won't help

Stephen Roach says look at the real nature of the US savings-short economy to understand why 'momentum' won't carry it far, and why a tariff wall won't help

Current account deficit widening faster than Treasury expected, as record imports boost quarterly gap between what foreigners earn from NZ vs what we earn from abroad to record since GFC

Current account deficit widening faster than Treasury expected, as record imports boost quarterly gap between what foreigners earn from NZ vs what we earn from abroad to record since GFC