• New Zealand's seasonally adjusted current account deficit was $1,951 million in the December 2017 quarter, up $407 million from the September 2017 quarter.

• The annual current account deficit increased to $7,722 million for the year ended December 2017 (2.7 percent of GDP), up from the revised $5,985 million deficit for the year ended December 2016 (2.2 percent of GDP).

In the December 2017 quarter

• The seasonally adjusted goods deficit widened to $465 million, up $385 million.

• The seasonally adjusted services surplus decreased to $1,164 million, down $16 million.

• The primary income deficit widened to $2,733 million, up $217 million.

• Secondary income was a $83 million surplus, up $211 million from a $128 million deficit in the September 2017 quarter.

• The financial account had a net inflow of $1,498 million.