Balance of Payments and International Investment Position: June 2011 quarter

Highlights

New Zealand had a seasonally adjusted current account deficit of $2,041 million in the June 2011 quarter, up $507 million from the March 2011 quarter deficit.	The current account deficit was 3.7 percent of GDP for the year ended June 2011, compared with 3.6 percent of GDP for the year ended March 2011.

New Zealand's capital account surplus includes an estimated $680 million of reinsurance claims on non-residents, from the Christchurch earthquake on 13 June 2011.	Net international liabilities were $140.2 billion (70.0 percent of GDP) at 30 June 2011, $4.1 billion more than at 31 March 2011.



Geoff Bascand Government Statistician	21 September 2011 ISSN 1178-0215