Net trade in goods and services (BoP; US dollar) in Australia

The Net trade in goods and services (BoP; US dollar) in Australia was last reported at 15200116133.86 in 2010, according to a World Bank report released in 2011. The Net trade in goods and services (BoP; US dollar) in Australia was -4746611691.61 in 2009, according to a World Bank report, published in 2010. The Net trade in goods and services (BoP; US dollar) in Australia was reported at -8013035148.39 in 2008, according to the World Bank. Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.This page includes a historical data chart, news and forecasts for Net trade in goods and services (BoP; US dollar) in Australia. Australia's economy is dominated by its services sector, yet its economic success is based on abundance of agricultural and mineral resources. Australia's comparative advantage in the export of primary products is a reflection of the natural wealth of the Australian continent and its small domestic market. The country is a major regional financial centre and a vital component of the global financial system.

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