New Zealand today joined England and withdrew its bid to host the 2019 FIFA Women's World Cup and 2018 Under-20 Women's World Cup.
It leaves France, South Africa and South Korea in the race to host the tournaments.
New Zealand Football chief executive Andy Martin said that, after expressing an interest in the tournament, further due diligence revealed that they could not afford to host tournaments of these scale.
"We signalled our interest in May to give ourselves time to investigate the full implications of bringing a tournament of this stature to New Zealand," Martin said.
"After making a detailed financial assessment regarding the impact of hosting this major event on the football calendar, we concluded that the 2019 event will come too soon for us."
New Zealand are due to host next year's men's edition of the FIFA Under-20 World Cup and Martin claimed that the Women's World Cup was still a target.
"We remain keen to consider hosting the Women's World Cup in the future while we continue our significant investment in the development of the women's game at both grassroots and elite levels," he said.
The decision strengthens France's position to host the tournaments.
A decision on which country will host the 2019 tournament is due to be made by FIFA next year.
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June 2014: England drops bids to host FIFA Women's World Cup and Under-20 Women's World Cup
June 2014: South Africa withdraw as hosts of 2016 FIFA Under-20 Women's World Cup
May 2014: New Zealand "working hard" to assess viability of FIFA Women's World Cup 2019 bid
May 2014: England among five countries to declare interest in hosting 2019 FIFA Women's World Cup
March 2014: South Africa to bid for 2019 FIFA Women's World Cup