June 2018 quarter revisions

Revisions for Balance of Payments and International Investment Position: June 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$(million) Current account balance -1,619 -1,631 -12 Goods balance 192 193 1 Goods exports (fob) 15,222 15,221 -1 Goods imports (fob) 15,030 15,028 -2 Services balance 950 912 -38 Services exports 5,790 5,815 25 Services imports 4,840 4,903 63 Primary income balance -2,521 -2,628 -107 Primary income inflow 2,280 2,297 17 Primary income outflow 4,801 4,925 124 Secondary income balance -241 -109 132 Secondary income inflow 543 703 160 Secondary income outflow 784 812 28 Capital account balance -24 -5 19 Capital account inflow 0 19 19 Capital account outflow 24 24 0 Financial account Financial account June 2018 quarter revisions Component Previously published June 2018 quarter Revised June 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Financial account balance -1,712 -761 951 New Zealand investment abroad 1,057 1,117 60 Direct investment assets 510 711 201 Portfolio investment assets 494 371 -123 Financial derivative assets -569 -557 12 Other investment assets -931 -961 -30 Reserve assets 1,553 1,553 0 Foreign investment in New Zealand -655 356 1,011 Direct investment liabilities -1,510 -1,410 100 Portfolio investment liabilities 3,615 3,606 -9 Financial derivative liabilities -1,705 -1,713 -8 Other investment liabilities -1,056 -127 929 Net errors and omissions Net errors and omissions June 2018 quarter revisions Component Previously published June 2018 quarter Revised June 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net errors and omissions 3,355 2,397 -958 International investment position International investment position (IIP) June 2018 quarter revisions Component Previously published June 2018 quarter Revised June 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) **Net international investment position -157,855 -154,497 3,358 New Zealand's international assets 264,331 270,544 6,213 Direct investment 33,451 34,895 1,444 Portfolio investment 145,762 149,574 3,812 Financial derivatives 19,775 19,662 -113 Other investment 33,103 34,173 1,070 Reserve assets 32,240 32,240 0 **New Zealand's international liabilities 422,185 425,040 2,855 Direct investment 116,702 116,954 252 Portfolio investment 207,218 209,003 1,785 Financial derivatives 19,533 19,499 -34 Other investment 78,733 79,584 851 en-NZ