These two graphs show New Zealand’s investment in overseas countries (top), and the investment by those countries within New Zealand (bottom). The figures represent the stock of investment – not the annual flow, but the total investment at 31 March 2008.There was over five times more overseas investment in New Zealand than New Zealanders had invested in foreign countries. So in any one year the net flows of international investment were likely to bring in more funds than left the country. These investment flows allowed New Zealand to finance its current account deficit.