Balance of Payments and International Investment Position: September 2010 quarter

Highlights

New Zealand had a seasonally adjusted current account surplus of $35 million in the September 2010 quarter, a turnaround of $1,957 million from the June 2010 quarter deficit.	Excluding estimated earthquake-related reinsurance inflows of $1,700 million, the underlying current account deficit was $1,665 million in the September 2010 quarter.

For the year ended September 2010 the current account deficit was 3.1 percent of GDP, compared with 3.2 percent for the year ended September 2009.	Net international liabilities were $162.5 billion (85.2 percent of GDP) at 30 September 2010, $0.6 billion less than at 30 June 2010.



Geoff Bascand Government Statistician	22 December 2010 ISSN 1178-0215