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New Zealand's seasonally adjusted current account deficit was $2,682 million in the March 2009 quarter, $1,042 million smaller than the December 2008 quarter deficit.
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The current account deficit for the year ended March 2009 was 8.5 percent of GDP, compared with a deficit of 9.0 percent of GDP for the year ended December 2008. |
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- The March 2009 quarter current account deficit was financed by a $2.0 billion net inflow of financial capital from abroad.
- Net international liabilities were $176.6 billion (98.2 percent of GDP) at 31 March 2009, compared with $167.4 billion (93.2 percent of GDP) at 31 December 2008.
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