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Balance of payments and international investment position: March 2023 quarter
Key facts: Figures compare March 2023 quarter with December 2022 quarter (unless otherwise stated). • New Zealand’s seasonally adjusted current account deficit was $8.3 billion. • The seasonally adjusted current account deficit narrowed by $921 million in the March 2023 quarter. • The current account deficit for the year ended 31 March 2023 widened to $33.0 billion (8.5 percent of gross domestic product (GDP)) from the $24.2 billion deficit for the year ended 31 March 2022 (6.8 percent of GDP). As at 31 March 2023: • New Zealand’s net international liability position narrowed to $189.1 billion, from ... (full story)