Balance of Payments and International Investment Position: March 2013 quarter

Embargoed until 10:45am  –  19 June 2013

Key facts

  • New Zealand's seasonally adjusted current account deficit ($2.2 billion) in the March 2013 quarter was down $0.3 billion from the December 2012 quarter deficit.
  • The smaller quarterly deficit was due to a $404 million increase in the surplus for the balance on goods and services.
   
  • For the year ended March 2013, the current account deficit was 4.8 percent of GDP, compared with 5.0 percent for the year ended December 2012. 
  • Net international liabilities were $146.7 billion (69.3 percent of GDP) at 31 March 2013, $2.9 billion less than at 31 December 2012. 
   

 Graph, Seasonally adjusted balances, quarterly, March 2009 to March 2013.

Graph, Net international investment position, quarterly, March 2011 to March 2013. 

 

   

Dallas Welch (Mrs)
Acting Government Statistician

19 June 2013
ISSN 1178-0215