Balance of Payments and International Investment Position: September 2009 quarter

Highlights

New Zealand had a seasonally adjusted current account surplus of $340 million in the September 2009 quarter, compared with a deficit of $406 million in the June 2009 quarter.	For the year ended September 2009 the current account deficit was 3.1 percent of GDP, compared with a deficit of 5.6 percent for the year ended June 2009.
The seasonally adjusted current account balance is a surplus for the first time since the December 1988 quarter.	Net international liabilities were $173.3 billion (93.7 percent of GDP) at 30 September 2009, compared with $171.7 billion (93.3 percent of GDP) at 30 June 2009.



Dallas Welch (Mrs) Acting Government Statistician	22 December 2009 ISSN 1178-0215