Why are you carrying out this survey?
We carry out the Survey of Debit Transactions to get data to incorporate into Balance of Payments (BOP) and International Investment Position (IIP) statistics. Specifically, the travel debits component of the current account.
The BOP and IIP are used:
- domestically, by those engaged in financial market operation, policy development, and the provision of advice and analysis. This includes New Zealand government agencies, especially the Treasury and the Reserve Bank
- internationally, by major credit rating agencies in their assessments of New Zealand, and by the International Monetary Fund (IMF) in its economic monitoring and assessment role.
This is especially important because of the size of our current account deficit. The current account deficit shows the extent to which New Zealand is financed from offshore.
Who takes part in the survey?
A sample of New Zealand’s major banks take part in the survey. The selected banks provide us with all of their cardholders’ debit transactions made overseas.
When do you carry out the survey?
The survey is carried out every quarter.
How can I complete the survey questionnaire?
You can complete the survey questionnaire by filling in either a paper or electronic (Excel) form.
Page published 10 March 2016