17.03.2015 23:00:37

New Zealand Q4 Current Account Deficit NZ$2.6 Billion

(RTTNews) - New Zealand had a seasonally adjusted current account deficit of NZ$2.6 billion in the fourth quarter of 2014, Statistics New Zealand said on Wednesday.

That beat forecasts for a shortfall of NZ$2.87 billion, although it slipped from the NZ$2.4 billion deficit in the third quarter.

On a yearly basis, the current account deficit was NZ$7.8 billion (3.3 percent of GDP; it was 2.6 percent of GDP for the year ended September 2014).

New Zealand's external debt position was NZ$141.3 billion (59.4 percent of GDP) at the end of Q4, down NZ$941 million.