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- New Zealand's current account deficit was $7.5 billion in Q2
New Zealand's current account deficit was $7.5 billion in Q2
For the year ended June 2017, New Zealand's current account deficit was $7.5 billion (2.8 percent of GDP; it was 2.7 percent of GDP for the June 2016 year).
The seasonally adjusted current account balance was a $1,598 million deficit in the June 2017 quarter ($1,187 million smaller than the March 2017 quarter's deficit).
The goods deficit decreased $677 million to reach $446 million.
The services surplus increased $295 million to reach $1,280 million, the highest on record.
New Zealand's primary income deficit decreased to $1,910 million in the June 2017 quarter, $403 million smaller than in the March 2017 quarter.
New Zealand's secondary income deficit increased to $522 million in the June 2017 quarter, $188 million larger than the March 2017 quarter deficit.
The capital account balance was a deficit of $14 million for the June 2017 quarter, down from the surplus of $3 million in the March 2017 quarter.
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