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Balance of Payments and International Investment Position: September 2016 quarter
Embargoed until 10:45am  –  22 December 2016
Key facts
  • New Zealand's seasonally adjusted current account balance was a $1,899 million deficit in the September 2016 quarter ($55 million larger than the June 2016 quarter's deficit).
  • The services surplus decreased by $16 million, to reach $1,006 million in the September 2016 quarter.
  • The investment income deficit increased by $71 million, to reach $2,040 million in the latest quarter.
  • The balance of goods was a $686 million deficit ($190 million larger than the June 2016 quarter’s deficit).
  • For the year ended September 2016, the current account deficit was $7.5 billion (2.9 percent of GDP; it was also 2.9 percent of GDP for the June 2016 year).
  • New Zealand's net international liability position was $166.2 billion (64.9 percent of GDP) at 30 September 2016, up from a revised $163.0 billion (64.4 percent of GDP) at 30 June 2016.
  • New Zealand’s external debt position was $148.5 billion (58.0 percent of GDP) at 30 September 2016, up from a revised $141.4 billion (55.9 percent of GDP) at 30 June 2016. 

 

 

Liz MacPherson, Government Statistician
ISSN 1178-0215
22 December 2016

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