Story: Balance of payments

Balance of payments, September 2007

This table shows the different elements that made up New Zealand’s balance of payments for the quarter ended 30 September 2007. During that period New Zealand had a considerable deficit in the current account, with deficits in the trade of both goods and services and a big deficit in income from overseas investments. The total deficit in the current account was $5,467 million. However, this was financed by almost the same scale of surplus when the balance of investment movements is examined in the financial account. Over $8,000 million of capital came into New Zealand and less than $3,000 million was invested by New Zealanders overseas. So the net position in the financial account of $5,427 million was very close to the current-account deficit. The difference was explained by small movements in the capital account, such as money brought in by migrants, and errors and omissions.

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Source: Statistics New Zealand

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How to cite this page:

C. John McDermott and Rishab Sethi, 'Balance of payments - Current, financial and capital accounts', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/table/23959/balance-of-payments-september-2007 (accessed 19 September 2019)

Story by C. John McDermott and Rishab Sethi, published 11 Mar 2010