Australia Current Account to GDP

Australia recorded a Current Account deficit of 2.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Australia is reported by the Australian Bureau of Statistic. Current Account to GDP in Australia averaged -3.20 Percent from 1960 until 2013, reaching an all time high of 1.40 Percent in 1972 and a record low of -6.70 Percent in 2007. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Australia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.90 -4.10 1.40 -6.70 -2.60 | 2014/06 1960 - 2013 Percent Yearly

TO

Australia Current Account to GDP
LIST BY COUNTRY

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 to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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