Australia Crude Oil Production - Forecast

Crude Oil Production in Australia is expected to be 306.69 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Australia to stand at 334.98 in 12 months time. In the long-term, the Australia Crude Oil Production is projected to trend around 386.97 BBL/D/1K in 2020, according to our econometric models.


Australia Crude Oil Production
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Australia Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -628 1200 300 600 2000 -500
Exports 31853 31500 30800 31200 33000 34500
Imports 32481 30300 30500 30600 31000 35000
Current Account -9125 -8468 -8485 -8493 -19000 -22900
Current Account to GDP -2.7 -2.2 -2.2 -2.2 -2.2 -2.3
External Debt 1898196 1897848 1896426 1894394 1892078 1868346
Terms of Trade 115 120 120 120 119 115
Foreign Direct Investment 64825 45584 43909 42233 43662 45958
Capital Flows 14066 10653 10940 10767 10477 9647
Tourist Arrivals 776900 728500 713900 702100 690700 578800
Gold Reserves 79.85 79.84 79.84 79.84 79.84 79.84
Crude Oil Production 277 317 326 335 343 387
Terrorism Index 3.09 2.07 1.79 1.51 1.46 1.27
Weapons Sales 127 74.51 82.98 91.44 83.97 67.64