The current account is the widest measure of a country's financial performance on an international basis because it includes investment flows as well as trade in goods and services.
From the Release: "The current account deficit for the year ended March 2008 was $13,787 million (7.8 percent of GDP), compared with $13,837 million for the year ended December 2007 (7.9 percent of GDP).
New Zealand's seasonally adjusted current account deficit for the March 2008 quarter was $3,527 million, $410 million larger than the December 2007 quarter.
There was a net inflow of capital into New Zealand of $2.0 billion in the March 2008 quarter.
New Zealand's net international liabilities were $153.2 billion at 31 March 2008, an increase of 1.2 percent from the December 2007 quarter."
