Australia Current Account to GDP 1960-2014 | Data | Chart | Calendar

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 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. Current Account to GDP in Australia is reported by the Australian Bureau of Statistic.

   
 
 

Australia Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -4.10 1.40 -6.70 1960 - 2013 Percent Yearly
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. Content for - Australia Current Account to GDP - was last refreshed on Wednesday, October 1, 2014.

Trade Last Previous Highest Lowest Unit
Balance of Trade -1359.00 -1564.00 2225.00 -3907.00 AUD Million [+]
Exports 27022.00 26742.00 29581.00 435.00 AUD Million [+]
Imports 28381.00 28307.00 28852.00 396.00 AUD Million [+]
Current Account -13742.00 -7804.00 295.00 -20891.00 AUD Million [+]
Current Account to GDP -2.90 -4.10 1.40 -6.70 Percent [+]
External Debt 1513542.00 1513019.00 1513542.00 147248.00 AUD Million [+]
Terms of Trade 87.10 88.20 106.50 44.70 Index Points [+]
Foreign Direct Investment 52667.00 55596.00 58011.00 -36248.00 AUD Million [+]
Capital Flows 10854.00 7239.00 20304.00 -375.00 AUD Million [+]
Tourist Arrivals 452400.00 468200.00 785000.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 309.00 319.00 781.00 282.00 BBL/D/1K [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 Percent [+]
Brazil -3.66 Dec/13 -2.40 1.80 -8.20 Percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 Percent [+]
China 2.00 Dec/13 2.60 10.10 -3.70 Percent [+]
Euro Area 2.40 Dec/13 1.40 2.40 -1.50 Percent [+]
France -1.30 Dec/13 -2.20 2.70 -2.20 Percent [+]
Germany 7.50 Dec/13 7.40 7.50 -1.70 Percent [+]
India -1.70 Dec/13 -4.70 1.50 -4.70 Percent [+]
Indonesia -3.30 Dec/13 -2.80 4.80 -6.80 Percent [+]
Italy 1.00 Dec/13 -0.30 3.20 -3.70 Percent [+]
Japan 0.70 Dec/13 1.10 4.80 -1.00 Percent [+]
Mexico -1.80 Dec/13 -1.20 3.40 -6.10 Percent [+]
Netherlands 10.40 Dec/13 9.50 10.40 -1.00 Percent [+]
Russia 1.56 Dec/13 3.60 18.00 -1.40 Percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 Percent [+]
Spain 0.80 Dec/13 -1.20 1.50 -10.00 Percent [+]
Switzerland 13.50 Dec/12 8.50 15.60 -0.60 Percent [+]
Turkey -7.90 Dec/13 -6.00 2.00 -9.70 Percent [+]
United Kingdom -4.40 Dec/13 -3.80 1.90 -4.90 Percent [+]
United States -2.30 Dec/13 -2.70 0.20 -6.00 Percent [+]





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