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Balance of Payments and International Investment Position: March 2017 quarter
Embargoed until 10:45am  –  14 June 2017
Key facts
  • New Zealand's seasonally adjusted current account balance was a $2,836 million deficit in the March 2017 quarter ($1,143 million larger than the December 2016 quarter's deficit).
  • The goods deficit increased by $404 million to reach $1,199 million.
  • The services surplus decreased by $180 million to reach $1,001 million.
  • The primary income deficit increased by $222 million to reach $2,302 million.
  • For the year ended March 2017, the current account deficit was $8.1 billion (3.1 percent of GDP; it was 3.1 percent of GDP for the March 2016 year).
  • New Zealand's net international liability position was $154.8 billion (58.5 percent of GDP) at 31 March 2017, down from a revised $157.5 billion (60.4 percent of GDP) at 31 December 2016.
  • New Zealand’s external debt position was $144.9 billion (54.7 percent of GDP) at 31 March 2017, compared to $144.1 billion (55.3 percent of GDP) at 31 December 2016. 

 

Liz MacPherson, Government Statistician
ISSN 1178-0215
14 June 2017

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