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Financial News: New Zealand Has NZ$2.5 Billion Current Account Deficit

New Zealand Has NZ$2.5 Billion Current Account Deficit

03/19/2019 - 18:15:00 (RTTNews)

(RTTNews) - New Zealand had a seasonally adjusted current account deficit of NZ$2.5 billion in the fourth quarter of 2018, Statistics New Zealand said on Wednesday.

The current account deficit for the year ended December 2018 widened to NZ$11.0 billion (3.7 percent of GDP) from the NZ$8.2 billion deficit for the December 2017 year (2.9 percent of GDP).

New Zealand's net international liability position was NZ$167.3 billion (57.0 percent of GDP), up from the revised position of NZ$156.3 billion (53.6 percent of GDP) at 30 September 2018.

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