New Zealand’s seasonally adjusted current account deficit narrowed by $53 million to $5.5 billion in the March 2025 quarter, according to data released by Stats NZ on Thursday.
“The value of New Zealand goods exports increased in the March 2025 quarter. However, rising export values were partly offset by increases in goods imports,” international accounts spokesperson Viki Ward said.
The March 2025 quarter deficit remained broadly in line with the previous quarter. Meanwhile, the value of services imports rose during the quarter, while services exports declined, contributing to a softer services balance.
Additionally, income earned by foreign investors from their New Zealand holdings exceeded the returns New Zealand investors received from their offshore investments.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama