Balance of Payments and International Investment Position: December 2011 quarter

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.



Geoff Bascand Government Statistician	21 March 2012 ISSN 1178-0215