BoP March 2017 Revisons Data Collection

Revisions for Balance of Payments and International Investment Position: March 2017 quarter These tables present a summary of revisions to the March 2017 quarter release. Revisions reflect new or improved information becoming available. Current and capital accounts Current and capital accounts March 2017 quarter revisions Component Previously published Mar 2017 quarter Revised Mar 2017 quarter Size of revision NZ$(million) Current account balance 244 221 -23 Goods balance 151 161 10 Goods exports (fob) 12,637 12,619 -18 Goods imports (fob) 12,486 12,458 -28 Services balance 2,732 2,707 -25 Services exports 6,952 6,923 -29 Services imports 4,220 4,216 -4 Primary income balance -2,302 -2,313 -11 Primary income inflow 1,975 2,146 171 Primary income outflow 4,277 4,459 182 Secondary income balance -337 -334 3 Secondary income inflow 493 487 -6 Secondary income outflow 830 821 -9 Capital account balance 3 3 0 Capital account inflow 19 19 0 Capital account outflow 16 15 -1 Financial account Financial account March 2017 quarter revisions Component Previously published Mar 2017 Revised Mar 2017 Size of revision NZ$(million) Financial account balance 1,962 -787 -2,749 NZ investment abroad -2,536 -1,459 1,077 Direct investment assets 958 990 32 Portfolio investment assets 1,270 2,093 823 Financial derivative assets -978 -978 0 Other investment assets -4,711 -4,487 224 Reserve assets 924 924 0 Foreign investment in NZ -574 -2,245 -1,671 Direct investment liabilities 873 1,010 137 Portfolio investment liabilities -3,428 -2,537 891 Financial derivative liabilities -490 -1,241 -751 Other investment liabilities 2,471 523 -1,948 Net errors and omissions Net errors and omissions March 2017 quarter revisions Component Previously published Mar 2017 Revised Mar 2017 Size of revision NZ$(million) Net errors and omissions -2,209 562 2,771 International investment position International investment position (IIP) March 2017 quarter revisions Component Previously published Mar 2017 Revised Mar 2017 Size of revision NZ$(million) Net IIP -154,832 -152,972 1,860 NZ's international assets 242,811 244,887 2,076 Direct investment 36,173 35,838 -335 Portfolio investment 129,356 128,275 -1,081 Financial derivatives 23,399 24,393 994 Other investment 27,332 29,832 2,500 Reserve assets 26,550 265,50 0 NZ's international liabilities 397,643 3978,59 216 Direct investment 112,462 112,952 490 Portfolio investment 168,444 185,131 16,687 Financial derivatives 25,017 25,124 107 Other investment 91,720 74,652 -170,68 en-NZ