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New Zealand's account deficit remains stubbornly high, according to new data

Author
Newstalk ZB,
Publish Date
Wed, 13 Dec 2023, 8:51pm
 Photo / 123rf
Photo / 123rf

New Zealand's account deficit remains stubbornly high, according to new data

Author
Newstalk ZB,
Publish Date
Wed, 13 Dec 2023, 8:51pm

New Zealand’s current account deficit remains stubbornly high, according to the latest data.

A new report shows the country spent $30.6 billion more on imports than it earned from exports in the year to September, the equivalent to 7.6 percent of GDP.

NZ Herald Wellington business editor Jenee Tibshraeny explains what this data means for Kiwi spending habits.

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