New Zealand Current Account Surplus SA NZ$482 Million In Q2

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.

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