Balance of Payments and International Investment Position: March 2010 quarter

Highlights

New Zealand's seasonally adjusted current account deficit was $1,291 million in the March 2010 quarter, a $1,628 million smaller deficit than for the December 2009 quarter.	The net inflow of investment into New Zealand was $87 million in the March 2010 quarter, mainly due to a withdrawal of New Zealand investment from abroad.

For the year ended March 2010 the current account deficit was 2.4 percent of GDP, compared with 2.9 percent for the year ended December 2009.	Net international liabilities were $166.7 billion (88.9 percent of GDP) at 31 March 2010, $1.6 billion smaller than the 31 December 2009 position.



Geoff Bascand Government Statistician	23 June 2010 ISSN 1178-0215