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.
Te whakamahi i tēnei tūemi
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.
Source: Statistics New Zealand