Balance of payments and international investment position: Quarter ending December 2025

Overview of New Zealand's Economic Indicators

Comparing the December 2025 quarter to the previous September 2025 quarter, several key economic changes were observed:

• The seasonally adjusted current account deficit stood at $4.6 billion.
• For the year ending December 2025, the current account deficit decreased to $16.3 billion, representing 3.7% of GDP. This marks an improvement from the $20.0 billion deficit (4.7% of GDP) recorded in December 2024.
• As of December 31, 2025, New Zealand's net international liability position declined to $197.2 billion, down from $202.9 billion at the end of September 2025.