Australia Current Account to GDP  1960-2017 | Data | Chart | Calendar

Australia recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in Australia averaged -3.23 percent from 1960 until 2016, reaching an all time high of 1.40 percent in 1972 and a record low of -6.70 percent in 2007.

Australia Current Account to GDP
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Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 3107.00 3657.00 4538.00 -4150.00 AUD Million [+]
Exports 33343.00 32567.00 33859.00 435.00 AUD Million [+]
Imports 30235.00 28910.00 30357.00 396.00 AUD Million [+]
Current Account -3853.00 -10201.00 295.00 -23105.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1926696.00 1916975.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 102.90 93.90 136.60 49.30 Index Points [+]
Foreign Direct Investment 64825.00 29636.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 3218.00 15721.00 24165.00 -375.00 AUD Million [+]
Tourist Arrivals 768500.00 780100.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 268.00 290.00 781.00 247.00 BBL/D/1K [+]
Terrorism Index 2.74 3.11 3.11 0.01 [+]
Weapons Sales 127.00 83.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Australia Current Account to GDP Notes

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. Australia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -4.70 1.40 -6.70 1960 - 2016 percent Yearly



current account to gdp by Country

Last
Switzerland 11.00 Dec/15
Netherlands 9.10 Dec/15
Germany 8.80 Dec/15
South Korea 7.00 Dec/16
Euro Area 3.70 Dec/15
Japan 3.70 Dec/16
Italy 2.20 Dec/15
China 1.80 Dec/16
Russia 1.80 Dec/16
Spain 1.50 Dec/15
India -0.90 Dec/16
Brazil -1.30 Dec/16
France -1.40 Dec/15
Indonesia -1.80 Dec/16
United States -2.60 Dec/16
Australia -2.70 Dec/16
Mexico -2.70 Dec/16
Canada -3.30 Dec/15
Turkey -3.80 Dec/16
United Kingdom -4.40 Dec/16