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Balance of payments and international investment position: September 2020 quarter
Key facts Figures compare September 2020 quarter with June 2020 quarter (unless otherwise stated). • New Zealand’s seasonally adjusted current account deficit was $438 million. • The current account deficit for the year ended September 2020 narrowed to $2.6 billion (0.8 percent of GDP) from the $11.7 billion deficit for the September 2019 year (3.7 percent of GDP). As at 30 September 2020: • New Zealand’s net international liability position was $177.9 billion, down from $180.3 billion at 30 June 2020. In the September 2020 quarter: • the seasonally adjusted goods surplus narrowed to $881 million • the ... (full story)