Australia Current Account

Australia recorded a Current Account deficit of 10139 AUD Million in the fourth quarter of 2013. Current Account in Australia is reported by the Australian Bureau of Statistic. Current Account in Australia averaged -4628 AUD Million from 1959 until 2013, reaching an all time high of 295 AUD Million in the fourth quarter of 1972 and a record low of -20912 AUD Million in the fourth quarter of 2007. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-10139.00 -12710.00 295.00 -20912.00 -10398.30 | 2014/03 1959 - 2013 AUD Million Quarterly


Australia Current Account

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-04 02:30 AM Australia
Current Account
Q1 2013 AUD -8.51B AUD -14.7B AUD -12.7B
2013-09-03 02:30 AM Australia
Current Account
Q2 2013 AUD-9.4B AUD -8.51B AUD -8.7B (R) AUD -5.5B
2013-12-03 12:30 AM Australia
Current Account
Q3 2013 AUD-12.7B AUD-12.09B (R) AUD-11.6B AUD -2.8B
2014-03-04 12:30 AM Australia
Current Account
Q4 2013 AUD -10.1B AUD-12.7B AUD -10.0B AUD -10.5B
2014-06-03 02:30 AM Australia
Current Account
Q1 2014 AUD -10.1B AUD -10.4B
2014-09-02 02:30 AM Australia
Current Account
Q2 2014 AUD -10.2B

Trade Last Previous Highest Lowest Forecast Unit
Current Account -10139.00 2013-11-15 -12710.00 295.00 -20912.00 -10398.30 2014-03-31 AUD Million [+]
Exports 29970.00 2014-02-15 29850.00 29970.00 435.00 29986.85 2014-03-31 AUD Million [+]
Balance of Trade 1200.00 2014-02-15 1392.00 2205.00 -3872.00 904.40 2014-03-31 AUD Million [+]
Imports 28770.00 2014-02-15 28458.00 28770.00 396.00 28659.11 2014-03-31 AUD Million [+]
Current Account to GDP -2.90 2013-12-31 -4.10 1.40 -6.70 -2.60 2014-06-30 Percent [+]
Capital Flows 11480.00 2013-11-15 14658.00 20304.00 -375.00 11510.45 2014-03-31 AUD Million [+]
Crude Oil Production 338.00 2013-12-15 337.00 781.00 282.00 307.43 2013-11-30 Thousands Barrels per Day [+]
External Debt 1513019.00 2013-12-31 1436545.00 1513019.00 147248.00 1520982.81 2014-03-31 AUD Million [+]
Foreign Direct Investment 55972.00 2012-06-29 58011.00 58011.00 -36248.00 55873.24 2012-12-31 AUD Million [+]
Gold Reserves 79.85 2013-12-31 79.85 79.85 79.69 79.85 2014-03-31 Tonnes [+]
Terms Of Trade 88.10 2013-11-15 87.50 106.50 44.70 86.95 2014-03-31 Index Points [+]
Tourist Arrivals 627100.00 2014-02-15 548100.00 785000.00 30100.00 614733.08 2014-03-31 [+]

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). The balance of trade is typically the most important part of the current account. And a current account surplus is usually associated with trade surplus. However, for the few countries with substantial overseas assets or liabilities, net factor payments may be significant. Positive net sales to abroad generally contribute to a current account surplus as the value interest or dividends generated abroad is bigger than the value of interest or dividends generated from foreign capital in the country. Net transfer payments are very important part of the current account in poor and developing countries as workers' remittances, donations, aids and grants and official assistance may balance high trade deficits.


Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Australia's Jobless Rate Down to 5.8% in March  
Australia's seasonally adjusted unemployment rate decreased by 0.2 percentage points to 5.8 percent in March while the number of people employed increased by 18,100 to 11,553,200.
Australia Reports Third Monthly Trade Surplus in February  
Australia's trade surplus narrowed in February when compared to a downwardly revised result in the previous month, but performed better than analysts had expected.
Australia Leaves Rate Steady at 2.5%  
At its April 1st, 2014 meeting, the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, as it considers the current policy stance appropriate to support demand and growth.
Australia's Unemployment Rate Stable in February  
Australia's seasonally adjusted unemployment rate stayed at 6 percent in February as more people joined the labour force. The employment surged by 47,300, the biggest gain in 13 months and above forecasts.
Australia's Trade Surplus Hits 29-Month High in January  
Australia's trade surplus surged to $1,433m in seasonally adjusted terms in the first month of 2014, the highest value since August of 2011 as exports grew faster than imports.
Australian Economy Expands 0.8% in Q4  
Australian GDP grew faster than expected in seasonally adjusted volume terms in the last quarter of 2013. Expansion was mostly driven by exports and consumption while fixed investment declined.
Australia Leaves Monetary Policy Unchanged  
At its March 4th, the Reserve Bank of Australia decided to leave cash rate unchanged at 2.5 percent for the sixth straight meeting, after sending a strong signal last month it wanted a period of interest rate stability.
Australia's Unemployment Rate Up to 6% in January  
Australia's seasonally adjusted unemployment rate increased by 0.2 percentage points to 6.0 percent in January, the highest level since July of 2003.
Australia Reports Trade Surplus in December  
Australia posted an unexpected trade surplus of $468m in December 2013, an increase of $385m (464%) on the surplus in November 2013. Exports rose 4% supported by the weakened Aussie dollar, while imports grew 2%.


US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.

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