• New Zealand’s seasonally adjusted current account deficit narrowed to $2.6 billion

Market news

19 December 2018

New Zealand’s seasonally adjusted current account deficit narrowed to $2.6 billion

Figures compare September 2018 quarter with June 2018 quarter (unless otherwise stated):

  • New Zealand’s seasonally adjusted current account deficit narrowed to $2.6 billion, $102 million smaller than the June 2018 quarter deficit ($2.7 billion).

  • The annual current account deficit widened to $10.5 billion for the year ended September 2018 (3.6 percent of GDP) from the $7.4 billion deficit for the September 2017 year (2.7 percent of GDP).

In the September 2018 quarter:

  • The seasonally adjusted goods deficit narrowed to $997 million (down $343 million).

  • The seasonally adjusted services surplus narrowed to $1.1 billion (down $344 million).

  • The primary income deficit narrowed to $2.6 billion (down $65 million).

  • The financial account recorded a net outflow of $303 million.

  • There was a $6.5 billion imbalance recorded in the balance of payments


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