New Zealand had a seasonally adjusted current account surplus of NZ$482 million in the second quarter of 2020, Statistics New Zealand said on Wednesday.
That was shy of expectations for NZ$595 million and down from NZ$1.56 billion in the three months prior.
The current account deficit for the year ended June 2020 narrowed to NZ$5.8 billion (1.9 percent of GDP) from an NZ$11.6 billion deficit for the June 2019 year (3.8 percent of GDP).
New Zealand’s net international liability position was NZ$180.1 billion, compared with NZ$179.3 billion in Q1.
For comments and feedback contact: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.