Kōrero: Balance of payments

Elements of the balance of payments

This table shows the three different accounts that make up New Zealand’s balance of payments. New Zealand usually has a deficit on its current account, because the country imports more goods and services than it exports, and there is generally more money flowing out to people who have invested in New Zealand than New Zealanders receive from overseas assets. The deficit is made up by a surplus on the financial account, which is the country’s net borrowing, as New Zealand borrows more from overseas than it lends. If the financial account surplus does not exactly match the current-account deficit, this is explained by the capital account, which includes small movements of capital such as migrants’ transfers, and by any residual errors.

Te whakamahi i tēnei tūemi

Te Ara - The Encyclopedia of New Zealand

This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Te tuhi tohutoro mō tēnei whārangi:

C. John McDermott and Rishab Sethi, 'Balance of payments - What is the balance of payments?', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/diagram/23954/elements-of-the-balance-of-payments (accessed 6 June 2020)

He kōrero nā C. John McDermott and Rishab Sethi, i tāngia i te 11 Mar 2010