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.

   
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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 Sunday, November 23, 2014.

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade -2261.00 -1013.00 2227.00 -3892.00 AUD Million [+]
Exports 26457.00 26188.00 29372.00 435.00 AUD Million [+]
Imports 28718.00 27201.00 28718.00 396.00 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 1576455.00 1576455.00 1576455.00 147248.00 AUD Million [+]
Terms of Trade 83.40 87.00 106.40 44.40 Index Points [+]
Foreign Direct Investment 52667.00 55596.00 57932.00 -37050.00 AUD Million [+]
Capital Flows 10854.00 7239.00 21907.00 -375.00 AUD Million [+]
Tourist Arrivals 517500.00 538800.00 785200.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 337.00 350.00 781.00 282.00 BBL/D/1K [+]