Balance of Payments and International Investment Position: June 2009 quarter

Highlights

New Zealand's seasonally adjusted current account deficit was $612 million in the June 2009 quarter, $1,508 million smaller than the March 2009 quarter deficit.	The decrease in the current account deficit for the June 2009 quarter was driven by a fall in income earned from foreign investment in New Zealand.
The current account deficit for the year ended June 2009 was 5.9 percent of GDP, compared with a deficit of 8.1 percent of GDP for the year ended March 2009.	Net international liabilities were $171.6 billion (95.2 percent of GDP) at 30 June 2009, compared with $173.5 billion (96.4 percent of GDP) at 31 March 2009.


Geoff Bascand Government Statistician	22 September 2009 ISSN 1178-0215