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Balance of Payments and International Investment Position: September 2011 quarter
Embargoed until 10:45am  –  21 December 2011
Revisions

The tables below present a summary of revisions to the June 2011 quarter. Revisions reflect new or improved information becoming available. 

Current and capital accounts

Current and capital accounts June 2011 quarter revisions
Component

Previously published June 2011 quarter

Revised June 2011 quarter

Magnitude of revision

  NZ$(million)

Current account balance

-921

-844

77

Current account credits

17,696

17,759

63

Current account debits

18,617

18,603

-14

       
Balance on goods

2,407

2,379

-28 

Exports (fob)

13,358

13,366

8

Imports (fob)

10,952

10,987

35

       
Balance on services

-630 

-633

-3

Exports of services 

2,751

2,749

-2

Imports of services 

3,381

3,383

2

       
Balance on income 

-2,533

-2,445

88

Income inflow 

1,282

1,339

57

Income outflow

3,815

3,784

-31

       
Balance on current transfers

-165

-145

20

Inflow of current transfers 

305

305

0

Outflow of current transfers

469

450

-19

       
Balance on capital account

518

698

180

Capital account inflow 

935

1,117

182

Capital account outflow 

417

418

1

Financial account

Financial account June 2011 quarter revisions
Component

Previously published June 2011 quarter

Revised June 2011 quarter

Magnitude of revision

 

NZ$(million)

New Zealand investment abroad

2,715

2,353

-362

Direct investment

172

301

129

Portfolio investment

2,142

1,572

-570

Other investment

-2,829

-2,750

79

Reserve assets

3,231

3,231

0

Foreign investment in New Zealand

4,761

3,625

-1,136

Direct investment

2,026

1,634

-392

Portfolio investment

2,868

2,899

31

Other investment

-133

-907

-774

Net errors and omissions

Net errors and omissions June 2011 quarter revisions
Component

Previously published June 2011 quarter

Revised June 2011 quarter

Magnitude of revision

 

NZ$(million) 

Net errors and omissions

-1,643

-1,126

517

International investment position

International investment position June 2011 quarter revisions
Component

Previously published June 2011 quarter

Revised June 2011 quarter

Magnitude of revision

 

 NZ$(million)

New Zealand investment abroad

162,577

163,550

973

Direct investment

22,162

22,201

39

Portfolio investment

63,217

62,735

-482

Other investment

33,596

35,012

1,416

Financial derivatives

17,173

17,173

0

Reserve assets

26,430

26,430

0

 

 

 

 

Foreign investment in New Zealand

302,737

301,904

-833 

Direct investment

95,421

95,121

-300

Portfolio investment

102,882

102,540

-342

Other investment

85,520

85,324

-196

Financial derivatives

18,914

18,920

6

 

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