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

 

Australia, USA Remain NZ's Top Investment Partners

Balance of Payments and International Investment Position (Additional Information on International Investment): Year ended 31 March 2005

Australia and USA Remain New Zealand's Top Investment Partners

Australia and the United States of America (USA) continue to be New Zealand's top two investment partners, Statistics New Zealand said today. These two countries combined contributed 53.0 percent of New Zealand's total investment abroad, and 44.7 percent of foreign investment in New Zealand, at 31 March 2005. The United Kingdom (UK), Germany and Singapore continue to be significant investment partners, although foreign investment in New Zealand by UK investors fell $7.8 billion at 31 March 2005, compared with 31 March 2004.

Total foreign investment in New Zealand at 31 March 2005 was $224.1 billion, up $21.9 billion (10.8 percent), from a year ago. Of this increase, increased investment by Australian investors accounted for $6.7 billion.

Foreign investment in New Zealand by UK investors, at 31 March 2005, contributed 14.0 percent ($31.5 billion) of total foreign investment in New Zealand, down from 19.4 percent ($39.2 billion) a year ago. This withdrawal of investment was more than offset by increased investment from the USA. Investment in New Zealand by USA investors was up $9.0 billion, contributing 18.2 percent at 31 March 2005 compared with 15.7 percent a year ago.

The value of New Zealand's investment abroad was $98.0 billion at 31 March 2005. The main destinations for New Zealand's investment abroad continued to be the USA (with $26.4 billion or 26.9 percent of the total) and Australia (with $25.5 billion or 26.1 percent). Germany ($10.4 billion) and the UK ($7.4 billion) were also significant destinations for New Zealand's investment abroad.

There were increases in the value of New Zealand's investment to Australia, Germany, the USA and the UK, between 31 March 2004 and 31 March 2005. These increases contributed to the $7.8 billion rise in total New Zealand investment abroad. The proportions of investment to these countries remain relatively unchanged.

@ Australia, our number one investment partner, accounted for over 25 percent of both New Zealand's investment abroad and foreign investment in New Zealand at 31 March 2005. However, the proportion of Australian investment to total foreign investment in New Zealand is much the same as it was one year ago.

Direct investment relationships (those where there is ownership of 10 percent or more) are a key feature of investment between New Zealand and Australia. Of New Zealand's $25.5 billion total investment in Australia at 31 March 2005, 38.6 percent ($9.8 billion) was direct investment in Australia. On the same date, 59.3 percent of the total Australian investment in New Zealand of $59.4 billion was direct investment. The banking sector contributes significantly to New Zealand's investment relationship with Australia.

Statistics showing the New Zealand industries that have international financial assets and liabilities were also released today. The finance and insurance industry continues to hold the largest proportion of New Zealand's overseas assets (63.1 percent), and also the most significant proportion of overseas liabilities (59.5 percent). While this industry holds a similar proportion of New Zealand's overseas assets as it did a year ago, the proportion of overseas liabilities is up from 55.0 percent at 31 March 2004. This increase reflects the higher level of borrowing by New Zealand banks to finance increased domestic borrowing, mainly as mortgages.

New Zealand's manufacturing industry is the second most significant holder of overseas assets (16.9 percent) and also has the second largest proportion of overseas liabilities (10.4 percent). At 31 March 2005 the manufacturing industry held similar proportions of overseas assets and overseas liabilities as at 31 March 2004.

Brian Pink
Government Statistician

ENDS

© 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: