December quarter revisions

Revisions for Balance of Payments and International Investment Position: December 2017 quarter These tables present a summary of revisions to the December 2017 quarter release. Revisions reflect new or improved information becoming available. Current and capital accounts Current and capital accounts December 2017 quarter revisions Component Previously published December 2017 quarter Revised December 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Current account balance -2,770 -2,745 25 Goods balance -1,195 -1,179 16 Goods exports (fob) 14,715 14,730 15 Goods imports (fob) 15,910 15,909 -1 Services balance 1,074 1,099 25 Services exports 5,801 5,825 24 Services imports 4,727 4,726 -1 Primary income balance -2,733 -2,764 -31 Primary income inflow 2,289 2,269 -20 Primary income outflow 5,021 5,033 12 Secondary income balance 83 99 16 Secondary income inflow 687 704 17 Secondary income outflow 605 605 0 Capital account balance -19 -18 1 Capital account inflow 0 0 0 Capital account outflow 19 18 -1 Financial account Financial account December 2017 quarter revisions Component Previously published December 2017 quarter Revised December 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Financial account balance 1,498 2,245 747 New Zealand investment abroad -1,541 -1,202 339 Direct investment assets 353 482 129 Portfolio investment assets 84 -335 -419 Financial derivative assets -657 -657 0 Other investment assets -247 382 629 Reserve assets -1,073 -1,073 0 Foreign investment in New Zealand -43 1,043 1,086 Direct investment liabilities 3,167 3,009 -158 Portfolio investment liabilities -3,028 -3,046 -18 Financial derivative liabilities -1,582 -1,582 0 Other investment liabilities 1,400 2,662 1,262 Net errors and omissions Net errors and omissions December 2017 quarter revisions Component Previously published December 2017 quarter Revised December 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net errors and omissions 1,291 518 -773 International investment position International investment position (IIP) December 2017 quarter revisions Component Previously published December 2017 quarter Revised December 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net international investment position -155,202 -156,933 -1,731 New Zealand's international assets 251,580 252,042 462 Direct investment 35,454 35,394 -60 Portfolio investment 138,438 138,352 -86 Financial derivatives 17,842 17,842 0 Other investment 30,705 31,313 608 Reserve assets 29,141 29,141 0 New Zealand's international liabilities 406,782 408,974 2,192 Direct investment 117,694 118,623 929 Portfolio investment 194,066 194,023 -43 Financial derivatives 17,021 17,021 0 Other investment 78,001 79,307 1,306 en-NZ