New Zealand's seasonally adjusted current account balance was a $2,836 million deficit in the March 2017 quarter ($1,143 million larger than the December 2016 quarter's deficit).

The goods deficit increased by $404 million to reach $1,199 million.

The services surplus decreased by $180 million to reach $1,001 million.

The primary income deficit increased by $222 million to reach $2,302 million.

For the year ended March 2017, the current account deficit was $8.1 billion (3.1 percent of GDP; it was 3.1 percent of GDP for the March 2016 year).

New Zealand's net international liability position was $154.8 billion (58.5 percent of GDP) at 31 March 2017, down from a revised $157.5 billion (60.4 percent of GDP) at 31 December 2016.

New Zealand's external debt position was $144.9 billion (54.7 percent of GDP) at 31 March 2017, compared to $144.1 billion (55.3 percent of GDP) at 31 December 2016