New Zealand Current Account Deficit NZ$8.3 Billion SA In Q1
(RTTNews) - New Zealand had a seasonally adjusted current account deficit of NZ$8.3 billion in the first quarter of 2023, Statistics New Zealand said on Wednesday - narrowing by NZ$921 million.
The seasonally adjusted goods deficit narrowed to NZ$3.9 billion, while the services deficit narrowed to NZ$1.8 billion.
The primary income deficit narrowed to NZ$2.7 billion and the financial account saw a net outflow of NZ$3.1 billion.
The current account deficit for the year ended 31 March 2023 widened to NZ$33.0 billion (8.5 percent of gross domestic product (GDP)) from the NZ$24.2 billion deficit for the year ended 31 March 2022 (6.8 percent of GDP).
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