Balance of Payments and International Investment Position: June 2010 quarter

Embargoed until 02:22pm  –  24 September 2010

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Media release  – 
Current account deficit up $0.6 billion

Highlights

  • New Zealand's seasonally adjusted current account deficit was $1,814 million in the June 2010 quarter, an increase of $560 million from the March 2010 quarter deficit.
  • The net inflow of investment into New Zealand was $1.3 billion in the June 2010 quarter, mainly due to an inflow of investment from abroad.
  • For the year ended June 2010 the current account deficit was 3.0 percent of GDP, compared with 5.7 percent for the year ended June 2009.
  • Net international liabilities were $163.7 billion (86.5 percent of GDP) at 30 June 2010, $2.7 billion larger than the 31 March 2010 position.

 
 Graph, Seasonally adjusted balances, quarterly, June 2006–June 2010.  Graph, Net international investment position, quarterly, June 2008–June 2010.
 
Geoff Bascand
Government Statistician

 22 September 2010
ISSN 1178-0215

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