Balance of Payments and International Investment Position: September 2008 quarter

Embargoed until 10:45am  –  22 December 2008

Other sections

Available files

Media release  – 
Current account deficit rises to 8.6 percent of GDP

Highlights

  • The seasonally adjusted current account deficit was $4,079 million in the September 2008 quarter, compared with a June 2008 quarter deficit of $4,650 million.
  • For the year ended September 2008, the current account deficit was 8.6 percent of GDP. This compares with a deficit of 8.4 percent of GDP for the year ended June 2008.
  • The September 2008 quarter current account deficit was financed by a $5.4 billion net inflow of financial capital from abroad.
  • New Zealand's 30 September 2008 net debtor position of $165.9 billion was $7.4 billion (4.7 percent) larger than at 30 June 2008.
     

 Graph, Seasonally Adjusted Balances.

 

    Graph, Financial Account Flows.
 
 Geoff Bascand 22 December 2008
 Government Statistician ISSN 1178-0215

 

Other sections

Available files