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Balance of Payments and International Investment Position: December 2011 quarter
Embargoed until 10:45am  –  21 March 2012
Key facts
  • New Zealand had a seasonally adjusted current account deficit of $2.0 billion in the December 2011 quarter, down $0.8 billion from the September 2011 quarter deficit. 
  • The smaller deficit was driven by higher exports of goods, especially dairy products.
   
  • For the year ended December 2011, the current account deficit was 4.0 percent of GDP, compared with 4.3 percent for the year ended September 2011.
  • Net international liabilities were $147.0 billion (71.9 percent of GDP) at 31 December 2011, $0.7 billion more than at 30 September 2011.
   
Graph, Seasonally adjusted balances. Graph, Net international investment position.
   
Geoff Bascand
Government Statistician
21 March 2012
ISSN 1178-0215
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