December 2018 quarter revisions

Revisions for Balance of Payments and International Investment Position: December 2018 quarter These tables present a summary of revisions to the December 2018 quarter release. Revisions reflect new or improved information becoming available. Current and capital accounts Current and capital accounts December 2018 quarter revisions Component Previously published December 2018 quarter Revised December 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Current account balance -3,256 -3,492 -236 Goods balance -1,701 -1,847 -146 Goods exports (fob) 15,096 15,050 -46 Goods imports (fob) 16,797 16,897 100 Services balance 970 969 -1 Services exports 6,295 6,333 38 Services imports 5,325 5,364 39 Primary income balance -2,524 -2,612 -88 Primary income inflow 2,302 2,288 -14 Primary income outflow 4,826 4,901 75 Secondary income balance -1 -2 -1 Secondary income inflow 719 719 0 Secondary income outflow 720 721 1 Capital account balance 0 0 0 Capital account inflow 3 3 0 Capital account outflow 4 4 0 Financial account Financial account December 2018 quarter revisions Component Previously published December 2018 quarter Revised December 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Financial account balance 1,382 1,615 233 New Zealand investment abroad -1,431 -1,446 -15 Direct investment assets 1,320 1,409 89 Portfolio investment assets 816 823 7 Financial derivative assets -985 -988 -3 Other investment assets 1,077 968 -109 Reserve assets -3,658 -3,658 0 Foreign investment in New Zealand -49 169 218 Direct investment liabilities 2,246 2,448 202 Portfolio investment liabilities 327 51 -276 Financial derivative liabilities -1,888 -1,892 -4 Other investment liabilities -734 -438 296 Net errors and omissions Net errors and omissions December 2018 quarter revisions Component Previously published December 2018 quarter Revised December 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net errors and omissions 1,874 1,878 4 International investment position International investment position (IIP) December 2018 quarter revisions Component Previously published September 2018 quarter Revised September 2018 quarter Size of revision NZ$(million) NZ$(million) NZ$(million) Net international investment position -167,260 -168,388 -1,128 New Zealand's international assets 258,777 259,180 403 Direct investment 35,538 35,950 412 Portfolio investment 145,994 146,001 7 Financial derivatives 16,384 16,374 -10 Other investment 34,589 34,582 -7 Reserve assets 26,273 26,273 0 New Zealand's international liabilities 426,036 427,568 1,532 Direct investment 121,472 122,253 781 Portfolio investment 207,237 207,767 530 Financial derivatives 17,587 17,584 -3 Other investment 79,742 79,964 222 en-NZ