Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Australia, USA, UK Still Main Investment Partners


Australia, USA and the UK Still Our Main Investment Partners

New Zealand's most important investment relationships continue to be with Australia, the United States of America, and the United Kingdom, latest Statistics New Zealand analysis of international investment relationships shows. Together, these three countries were the source of 61.5 percent of the $177.9 billion foreign investment in New Zealand at 31 March 2003. This compares with 54.8 percent at 31 March 2002.

Other countries identified as significant sources of foreign investment in New Zealand at 31 March 2003 were Germany, Hong Kong, Italy, Japan, The Netherlands, Singapore and Switzerland.

Together these countries contributed 16.6 percent ($29.5 billion) of the total foreign investment in New Zealand at 31 March 2003.

Australia and the United States were the destination for 52.9 percent of New Zealand's total investment abroad of $77.5 billion. This figure is down from the 51.0 percent recorded at 31 March 2002. Germany and the United Kingdom were the destination for a further 21.4 percent of New Zealand's investment abroad. Other significant destination countries for New Zealand investment abroad were Hong Kong, Japan, The Netherlands, Singapore and Switzerland, together contributing 8.6 percent ($6.7 billion) of New Zealand's investment abroad.

Australia remains New Zealand's single most important source and destination of direct investment (investment where an ownership relationship of 10 percent or more is established).

Australia was the destination for 52.5 percent of the total $13.4 billion of New Zealand direct investment abroad, and 37.7 percent of the total $52.5 billion of foreign direct investment in New Zealand.

New Zealand's main destination for portfolio investment (shareholdings of less than 10 percent and debt securities) abroad at 31 March 2003 was the United States of America, accounting for 50.6 percent of the $24.9 billion total of portfolio investment abroad. New Zealand banks and fund managers are the main investors. The United Kingdom and the United States of America are the main portfolio investors in New Zealand, accounting for 40.8 percent and 15.9 percent, respectively, of the $65.0 billion of total foreign portfolio investment in New Zealand.

The category 'other investment' mainly comprises loans, deposits and trade credits. Of the $21.9 billion of 'other investment' abroad at 31 March 2003, $7.5 billion (34.3 percent) was invested in the United States, 21.2 percent in Germany, and 12.6 percent in Australia. The largest sources of foreign 'other investment' in New Zealand were Australia (23.8 percent), and the United States of America (16.6 percent). The United Kingdom, Singapore and Hong Kong were also significant providers of 'other investment' funds to New Zealand.

Statistics showing New Zealand's total international assets and liabilities disaggregated by industry were also released today. These show that, at 31 March 2003, the finance and insurance industry continues to be the most significant holder of New Zealand assets abroad, and the most significant recipient of foreign investment in New Zealand. This industry's overseas assets comprised 62.7 percent of New Zealand's total overseas assets, and 58.1 percent of the liabilities.

Significant contributors to both assets and liabilities were government administration and defence (in the form of official overseas reserves and government overseas debt respectively), and the manufacturing industry.

Brian Pink

Government Statistician


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO: