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 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.

Trade Last Previous Highest Lowest Unit
Balance of Trade -1911.00 -780.00 2216.00 -3898.00 AUD Million [+]
Exports 26681.00 27981.00 29581.00 435.00 AUD Million [+]
Imports 28592.00 28761.00 28761.00 396.00 AUD Million [+]
Current Account -5672.00 -11706.00 295.00 -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 4829.00 13646.00 20304.00 -375.00 AUD Million [+]
Tourist Arrivals 468200.00 526400.00 785000.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 338.00 355.00 781.00 282.00 BBL/D/1K [+]





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