March 2018 quarter revisions

Revisions for Balance of Payments and International Investment Position: March 2018 quarter These tables present a summary of revisions to the June 2018 quarter release. Revisions reflect new or improved information becoming available. Current and capital accounts Current and capital accounts June 2018 quarter revisions Component Previously published June 2018 quarter Revised June 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Current account balance 182 88 -94 Goods balance -381 -385 -4 Goods exports (fob) 13,592 13,586 -6 Goods imports (fob) 13,974 13,971 -3 Services balance 3,126 3,241 115 Services exports 7,516 7,688 172 Services imports 4,390 4,447 57 Primary income balance -2,453 -2,639 -186 Primary income inflow 1,976 1,847 -129 Primary income outflow 4,428 4,486 58 Secondary income balance -111 -129 -18 Secondary income inflow 570 557 -13 Secondary income outflow 680 685 5 Capital account balance -21 -21 0 Capital account inflow 0 0 0 Capital account outflow 21 21 0 Financial account Financial account March 2018 quarter revisions Component Previously published March 2018 quarter Revised March 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Financial account balance 126 414 288 New Zealand investment abroad 1,805 1,811 6 Direct investment assets -901 -900 1 Portfolio investment assets 2,917 2,917 0 Financial derivative assets -1,005 -1,005 0 Other investment assets -266 -261 5 Reserve assets 1,059 1,059 0 Foreign investment in New Zealand 1,931 2,225 294 Direct investment liabilities 122 486 364 Portfolio investment liabilities 2,016 2,186 170 Financial derivative liabilities -655 -666 -11 Other investment liabilities 448 218 -230 Net errors and omissions Net errors and omissions March 2018 quarter revisions Component Previously published March 2018 quarter Revised March 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net errors and omissions -287 -481 -194 International investment position International investment position (IIP) March 2018 quarter revisions Component Previously published March 2018 quarter Revised March 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net international investment position -156,117 -156,225 -108 New Zealand's international assets 252,399 251,727 -672 Direct investment 34,155 32,385 -1,770 Portfolio investment 139,396 139,396 0 Financial derivatives 16,786 16,787 1 Other investment 31,925 33,023 1,098 Reserve assets 1,059 1,059 0 New Zealand's international liabilities 408,516 407,952 -564 Direct investment 118,939 117,586 -1,353 Portfolio investment 193,637 196,014 2,377 Financial derivatives 15,743 15,745 2 Other investment 80,196 78,607 -1,589 en-NZ