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Rate of Inflation in New Zealand Real Gross Domestic Product Current Account Balance Employment and Unemployment
Since 2000, the average CPI inflation inflation rate has been 2.7%. The low inflation is in stark contrast to 1970s and 1980s when the average was approximately 12%.
During the recent economic downturn, the Australian economy fared better than New Zealand (as compared with GDP)
The Balance of Payments statements set out a country's transactions with the rest of the world. The current account balance is the sum of the balances of trade in goods and services, current transfers, and investment income. More simply, the current account measures what a country saves minus what it spends or invests. The graph shows that since 1990, New Zealand has been a net borrower. Thus, the current account deficit has reflected the amounts of other countries' savings that New Zealand has had to borrow, in order to finance spending. The last time that New Zealand was a net saver - that is, had a current account surplus - was 1973 (source: Reserve Bank of New Zealand
The unemployment rate is the lowest it has been in decades.
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