New Zealand’s seasonally adjusted current account deficit narrowed by $702 million to $3.4 billion in the June 2025 quarter, according to figures released by Stats NZ today.

This is the smallest deficit since a $3.1 billion deficit in the June 2021 quarter.

“The smaller current account deficit was due to a $1.0 billion narrowing of the primary income deficit,” international accounts spokesperson Viki Ward said.

“This was mainly due to New Zealand investors earning more from their investments abroad.”

The services balance widened by $124 million in the June 2025 quarter, while the goods balance was similar to the March 2025 quarter deficit.

Visit our website to read this news story and information release and to download CSV files:

• Quarterly current account deficit $3.4 billion: https://www.stats.govt.nz/news/quarterly-current-account-deficit-3-4-billion/
• Balance of payments and international investment position: June 2025 quarter: https://www.stats.govt.nz/information-releases/balance-of-payments-and-international-investment-position-june-2025-quarter/

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