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Balance of Payments and International Investment Position: December 2016 quarter
Embargoed until 10:45am  –  15 March 2017
Key facts
  • New Zealand's seasonally adjusted current account balance was a $1,599 million deficit in the December 2016 quarter ($420 million smaller than the September 2016 quarter's deficit).
  • The primary income deficit decreased by $140 million to reach $2,043 million.
  • Secondary income increased by $236 million to reach a surplus of $68 million.
  • The services surplus increased by $174 million to reach $1,208 million.
  • The goods deficit increased by $130 million to reach $833 million.
  • For the year ended December 2016, the current account deficit was $7.1 billion (2.7 percent of GDP; it was 3.4 percent of GDP for the December 2015 year).
  • New Zealand's net international liability position was $156.5 billion (59.9 percent of GDP) at 31 December 2016, down from a revised $166.1 billion (64.8 percent of GDP) at 30 September 2016.
  • New Zealand’s external debt position was $143.5 billion (55.0 percent of GDP) at 31 December 2016, down from $149.1 billion (58.2 percent of GDP) at 30 September 2016. 

 

Liz MacPherson, Government Statistician
ISSN 1178-0215
15 March 2017

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