September quarter revisions

Revisions for Balance of Payments and International Investment Position: September 2017 quarter These tables present a summary of revisions to the September 2017 quarter release. Revisions reflect new or improved information becoming available. Current and capital accounts Current and capital accounts September 2017 quarter revisions Component Previously published September 2017 quarter Revised September 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Current account balance -4,679 -4,833 -154 Goods balance -2,159 -2,141 18 Goods exports (fob) 12,098 12,117 19 Goods imports (fob) 14,257 14,258 1 Services balance -51 -48 3 Services exports 4,802 4,809 7 Services imports 4,853 4,857 4 Primary income balance -2,384 -2,516 -132 Primary income inflow 2,117 2,029 -88 Primary income outflow 4,501 4,545 44 Secondary income balance -85 -128 -43 Secondary income inflow 473 473 0 Secondary income outflow 558 601 43 Capital account balance -14 -14 0 Capital account inflow 0 0 0 Capital account outflow 14 14 0 Financial account Financial account September 2017 quarter revisions Component Previously published September 2017 quarter Revised September 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Financial account balance 2,160 2,096 -64 New Zealand investment abroad -1,903 -1,916 -13 Direct investment assets -1,183 -1,233 -50 Portfolio investment assets -618 -595 23 Financial derivative assets -1,527 -1,527 0 Other investment assets 58 73 15 Reserve assets 1,366 1,366 0 Foreign investment in New Zealand 257 180 -77 Direct investment liabilities -679 -975 -296 Portfolio investment liabilities 4,999 5,127 128 Financial derivative liabilities -1,478 -1,478 0 Other investment liabilities -2,585 -2,493 92 Net errors and omissions Net errors and omissions September 2017 quarter revisions Component Previously published September 2017 quarter Revised September 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net errors and omissions 2,534 2,751 217 International investment position International investment position (IIP) September 2017 quarter revisions Component Previously published September 2017 quarter Revised September 2017 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net international investment position -156,714 -156,191 523 New Zealand's international assets 245,079 245,116 37 Direct investment 34,593 34,610 17 Portfolio investment 133,075 133,098 23 Financial derivatives 18,066 18,066 0 Other investment 29,897 29,896 -1 Reserve assets 29,448 29,448 0 New Zealand's international liabilities 401,793 401,308 -485 Direct investment 114,905 114,357 -548 Portfolio investment 193,970 193,953 -17 Financial derivatives 17,242 17,242 0 Other investment 75,677 75,756 79 en-NZ