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Balance of payments and international investment position: December 2023 quarter
Key facts: Figures compare December 2023 quarter with September 2023 quarter (unless otherwise stated). New Zealand’s seasonally adjusted current account deficit widened by $167 million to $6.9 billion. The current account deficit for the year ended 31 December 2023 narrowed to $27.8 billion (6.9 percent of gross domestic product (GDP)) from the $33.4 billion deficit in the year ended 31 December 2022 (8.8 percent of GDP). As at 31 December 2023: New Zealand’s net international investment liability position was $209.6 billion, compared with $197.9 billion as at 30 September 2023. In the December 2023 quarter: • ... (full story)