Net International Liability Position Narrows As Net External Debt Widens
New Zealand’s net international liability position
was $177.9 billion (55.5 percent of GDP) at 30 September
2020, $2.4 billion narrower than at 30 June 2020, Stats NZ
said today.
The net international investment position represents the difference between New Zealand’s assets and liabilities with the rest of the world. New Zealand has a net liability position as we have more liabilities with the rest of the world than we do assets.
“Overseas investors hold more assets in New Zealand than we hold overseas but the gap between our external assets and liabilities became smaller in the last three months,” international statistics senior manager Peter Dolan said.
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- Net international liability position narrows as net external debt widens
- Current account returns to deficit as imports rise
- Balance of payments and international investment position: September 2020 quarter
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