Australia Current Account  1959-2017 | Data | Chart | Calendar | Forecast

Australia recorded a current account deficit of 11,358 AUD million in the September quarter of 2016, compared to an upwardly revised 15,943 AUD million deficit in the previous quarter and market consensus of a 13,700 AUD million. It is the smallest gap since the first quarter of 2014. The deficit on the balance on goods and services decreased by 2,699 AUD million (-36.87 percent) to 4,682 AUD million. The net primary income deficit narrowed by 1,946 AUD million (-23.70 percent) to 6,265 AUD million. In seasonally adjusted chain volume terms, the surplus on goods and services decreased by 871 AUD million (-61 percent) to 561 AUD million in the September quarter as imports grew faster than exports. This is expected to detract 0.2 percentage points from growth in the September quarter 2016 volume measure of GDP. Current Account in Australia averaged -5143.72 AUD Million from 1959 until 2016, reaching an all time high of 295 AUD Million in the fourth quarter of 1972 and a record low of -23014 AUD Million in the fourth quarter of 2015.

Australia Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-31 01:30 AM Q1 A$-20.8B A$-22.6B A$-19.5B A$-19.6B
2016-09-06 01:30 AM Q2 A$-15.5B A$-14.9B A$-19.75B A$-17.7B
2016-12-06 12:30 AM Q3 A$-11.4B A$-15.9B A$-13.7B A$-14B
2017-02-28 12:30 AM Q4 A$-11.4B A$-3.6B A$ -4B
2017-05-31 01:30 AM Q1 A$ -13.3B
2017-09-06 01:30 AM Q2 A$ -13.1B




Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 3511.00 2040.00 3511.00 -4392.00 AUD Million [+]
Exports 32630.00 30951.00 32630.00 435.00 AUD Million [+]
Imports 29120.00 28911.00 30342.00 396.00 AUD Million [+]
Current Account -11358.00 -15943.00 295.00 -23014.00 AUD Million [+]
Current Account to GDP -4.60 -3.00 1.40 -6.70 percent [+]
External Debt 1916975.00 1941405.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 93.90 89.90 136.60 49.30 Index Points [+]
Foreign Direct Investment 29636.00 57525.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 15721.00 15318.00 24165.00 -375.00 AUD Million [+]
Tourist Arrivals 971800.00 720500.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 292.00 297.00 781.00 247.00 BBL/D/1K [+]
Terrorism Index 2.74 3.11 3.11 0.01 [+]
Weapons Sales 113.00 91.00 158.00 2.00 USD Million [+]



Australia Current Account Notes

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Australia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-11358.00 -15943.00 295.00 -23014.00 1959 - 2016 AUD Million Quarterly



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Latvia 99.10 Dec/16
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Nepal 7231.90 Mar/16
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Paraguay 256.10 Sep/16
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Philippines 567.04 Sep/16
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Republic of the Congo -1163.30 Dec/10
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Russia 7800.00 Dec/16
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