Balance of Payments and International Investment Position: March 2011 quarter

Highlights

New Zealand had a seasonally adjusted current account deficit of $1.8 billion in the March 2011 quarter, $1.1 billion smaller than the December 2010 quarter deficit.	There was a net outflow of investment of $10.0 billion in the March 2011 quarter, including $7.6 billion of accounts receivable for outstanding reinsurance claims.

New Zealand's capital account surplus includes an estimated $7.6 billion of reinsurance claims on non-residents from the Christchurch earthquake on 22 February 2011.	Net international liabilities were $148.2 billion at 31 March 2011, $10.4 billion less than at 31 December 2010.



Geoff Bascand Government Statistician	22 June 2011 ISSN 1178-0215