Balance of Payments and International Investment Position: September 2012 quarter

Key facts

New Zealand had a seasonally adjusted current account deficit of $2.5 billion in the September 2012 quarter, down $0.3 billion from the June 2012 quarter deficit.	The lower quarterly deficit was caused by a fall in profits earned by foreign-owned companies in New Zealand.

For the year ended September 2012, the current account deficit was 4.7 percent of GDP, compared with 4.8 percent for the year ended June 2012.	Net international liabilities were $148.4 billion (71.2 percent of GDP) at 30 September 2012, $0.2 billion more than at 30 June 2012.



Geoff Bascand Government Statistician	19 December 2012 ISSN 1178-0215