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Balance of Payments and International Investment Position: June 2011 quarter
Embargoed until 10:45am  –  21 September 2011
Highlights
  • New Zealand had a seasonally adjusted current account deficit of $2,041 million in the June 2011 quarter, up $507 million from the March 2011 quarter deficit.
  • The current account deficit was 3.7 percent of GDP for the year ended June 2011, compared with 3.6 percent of GDP for the year ended March 2011.
  • New Zealand's capital account surplus includes an estimated $680 million of reinsurance claims on non-residents, from the Christchurch earthquake on 13 June 2011.
  • Net international liabilities were $140.2 billion (70.0 percent of GDP) at 30 June 2011, $4.1 billion more than at 31 March 2011.

 

 Graph, Seasonally adjusted balances, quarterly, June 2007 to June 2011.  Graph, Net international investment position, quarterly, June 2009 to June 2011.  
 
Geoff Bascand
Government Statistician

 21 September 2011
ISSN 1178-0215

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