New Zealand had a current account deficit of NZ$1.495 billion in the first quarter of 2016, Statistics New Zealand said on Wednesday.
That follows the NZ$1.56 billion shortfall in the three months prior.
The primary income deficit fell NZ$562 million to NZ$1.7 billion, the largest fall since the March 2010 quarter.
For the year ended March 2016, the current account deficit was NZ$7.5 billion (3.0 percent of GDP; it was 3.2 percent of GDP for the December 2015 year).
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