Balance of Payments and International Investment Position: March 2012 quarter

Key facts

New Zealand had a seasonally adjusted current account deficit of $2.8 billion in the March 2012 quarter, up $0.6 billion from the December 2011 quarter deficit.	The larger deficit was driven by the balance on goods and services moving into deficit for the first time since the December 2008 quarter.

For the year ended March 2012, the current account deficit was 4.8 percent of GDP, compared with 3.7 percent for the year ended March 2011.	Net international liabilities were $143.2 billion (70.9 percent of GDP) at 31 March 2012, $3.1 billion less than at 31 December 2011.



Dallas Welch (Mrs) Acting Government Statistician	20 June 2012 ISSN 1178-0215