Strong export growth narrows current account deficit to $3B

The seasonally adjusted current account deficit narrowed to $3.0 billion in the June 2021 quarter, Stats NZ said today.

The current account deficit was $2.2 billion narrower than the previous quarter due to an increase in value of goods exports (up $1.4 billion) and services exports (up $1.7 billion). These increases to exports narrowed the goods deficit and the services deficit by more than $1.0 billion each.

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• Strong export growth narrows current account deficit to $3.0 billion
• Balance of payments and international investment position: June 2021 quarter
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