The difference between the assets and liabilities of NZ with the rest of the world (ROW) shows its net international investment position. As NZ has more liabilities than assets with ROW, it has a net liability position.
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* New Zealand’s September current account deficit relative to GDP at a low ebb in ~2 decades As per Stats NZ, the seasonally adjusted current account deficit stood at $0.4 billion in the September quarter, compared to a record surplus of $0.6 billion in the last quarter. The primary contributor to the deficit was an increase in imports of goods of $1.1 billion.