Components of the New Zealand current account balance
2023 Q2–2025 Q1, NZD billions
| Quarter | Component | NZD millions |
|---|---|---|
| 2023 Q2 | Goods balance | 221 |
| 2023 Q3 | Goods balance | -5,861 |
| 2023 Q4 | Goods balance | -3,663 |
| 2024 Q1 | Goods balance | -1,478 |
| 2024 Q2 | Goods balance | 18 |
| 2024 Q3 | Goods balance | -4,676 |
| 2024 Q4 | Goods balance | -2,569 |
| 2025 Q1 | Goods balance | 448 |
| 2023 Q2 | Services balance | -1,085 |
| 2023 Q3 | Services balance | -1,436 |
| 2023 Q4 | Services balance | -585 |
| 2024 Q1 | Services balance | 1,518 |
| 2024 Q2 | Services balance | -756 |
| 2024 Q3 | Services balance | -2,037 |
| 2024 Q4 | Services balance | -263 |
| 2025 Q1 | Services balance | 1,557 |
| 2023 Q2 | Primary income balance | -3,638 |
| 2023 Q3 | Primary income balance | -3,774 |
| 2023 Q4 | Primary income balance | -3,447 |
| 2024 Q1 | Primary income balance | -3,479 |
| 2024 Q2 | Primary income balance | -3,664 |
| 2024 Q3 | Primary income balance | -3,776 |
| 2024 Q4 | Primary income balance | -3,938 |
| 2025 Q1 | Primary income balance | -4,230 |
| 2023 Q2 | Secondary income balance | -181 |
| 2023 Q3 | Secondary income balance | -152 |
| 2023 Q4 | Secondary income balance | -192 |
| 2024 Q1 | Secondary income balance | -385 |
| 2024 Q2 | Secondary income balance | -298 |
| 2024 Q3 | Secondary income balance | -351 |
| 2024 Q4 | Secondary income balance | -29 |
| 2025 Q1 | Secondary income balance | -99 |
Notes
New Zealand's balance of payment statistics are compiled according to the International Monetary Fund's principles in the sixth edition of the Balance of Payments Manual.
Data may not sum to stated totals due to rounding.
Definitions
Balance of payments (BoP): New Zealand's BoP statements are records of the value of the country's transactions with the rest of the world in goods, services, primary income, and secondary income. They also record changes in New Zealand’s financial claims on (assets), and liabilities to, the rest of the world.
International investment position (IIP): New Zealand’s IIP statement provides a snapshot of the country’s international financial assets and liabilities. It measures the stock (or level) of New Zealand's financial assets and liabilities with the rest of the world at a particular point in time.
The IIP includes New Zealand's net international debt (lending to non-residents less borrowing from non-residents) and net international equity investment (investment in shares abroad less foreign investment in New Zealand company shares). A net international debtor position means that international liabilities exceed international assets.
The BoP and IIP statistics are closely related, with the former measuring transaction flows and the latter measuring stock positions. The difference in the level of international financial assets and liabilities between two points in time is due to:
- BoP financial account transactions
- other (non-transactional) changes that occurred during the period (eg revaluations, changes in market prices, and other changes such as write-offs).
For more information
Data provided by
Dataset name
Balance of Payments and International Investment Position: March 2025 quarter
Webpage:
How to find the data
At URL provided, select 'Balance of payments and international investment position: March 2025 quarter' Excel file.
Import & extraction details
File as imported: Balance of Payments and International Investment Position: March 2025 quarter
From the dataset Balance of Payments and International Investment Position: March 2025 quarter, this data was extracted:
- Sheet: Table 1
- Range:
E8:S46 - Provided: 232 data points
This data forms the table Economy - Balance of payments major components 2023 Q2–2025 Q1.
Dataset originally released on:
June 18, 2025
About this dataset
Balance of payments records the value of the country's transactions with the rest of the world. It shows changes in financial claims on, and liabilities to, the rest of the world. International investment position is a snapshot of the country's financial assets and liabilities.
Method of collection/Data provider
The source data and information for BoP and IIP statistics collected and processed each quarter include:
- Stats NZ surveys of New Zealand-resident enterprises
- surveys conducted by other entities
- administrative data
- financial market information.