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Balance of Payments and International Investment Position: March 2016 quarter
Embargoed until 10:45am  –  15 June 2016
Key facts
  • New Zealand’s seasonally adjusted current account balance was a $1,495 million deficit in the March 2016 quarter ($665 million smaller than the December 2015 quarter deficit).
  • The primary income deficit decreased $562 million, to $1.7 billion, the largest fall since the March 2010 quarter.
  • The services surplus increased $166 million in the latest quarter, to reach $1.1 billion, the largest surplus on record.
  • The balance of goods was a $515 million deficit in the latest quarter ($247 million smaller than the December 2015 quarter's deficit).
  • For the year ended March 2016, the current account deficit was $7.5 billion (3.0 percent of GDP; it was 3.2 percent of GDP for the December 2015 year).
  • New Zealand's net international liability position was $157.0 billion (63.1 percent of GDP) at 31 March 2016, up from a revised $151.9 billion (61.8 percent of GDP) at 31 December 2015.
  • New Zealand’s net external debt position was $139.3 billion (56.0 percent of GDP) at 31 March 2016, up from a revised $136.5 billion (55.5 percent of GDP) at 31 December 2015.

 

Carol Slappendel, Acting Government Statistician
ISSN 1178-0215
15 June 2016

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