Australia Current Account  1959-2017 | Data | Chart | Calendar | Forecast

Australia recorded a current account deficit of 3,853 AUD million in the December quarter of 2016, compared to a downwardly revised 10,201 AUD million deficit in Q3 while markets expected a 3,600 AUD million gap. It was the smallest deficit since Q1 2014, as there was a turnaround of 8,205 USD million on balance on goods and services, resulting in a surplus of 4,667 AUD million in Q4 2016. Meanwhile, the deficit of net primary income came in at 8,081 AUD million, widening from a 6,238 AUD million gap in the prior quarter. Net secondary income also posted a deficit of 439 AUD million, compared to a 425 AUD million deficit in Q3. In seasonally adjusted chain volume terms, the surplus on goods and services rose 700 AUD million (49 percent) from 1,424 AUD million in the September quarter to 2,124 AUD million in the December quarter 2016. This is expected to contribute 0.2 percentage points to growth in the December quarter 2016 volume measure of GDP. Current Account in Australia averaged -5129.80 AUD Million from 1959 until 2016, reaching an all time high of 295 AUD Million in the fourth quarter of 1972 and a record low of -23105 AUD Million in the fourth quarter of 2015.

Australia Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-06 01:30 AM Q2 A$-15.5B A$-14.9B A$-19.75B A$-17.7B
2016-12-06 12:30 AM Q3 A$-11.4B A$-15.9B A$-13.7B A$-14B
2017-02-28 12:30 AM Q4 A$-3.9B A$-10.2B A$-3.6B A$ -4B
2017-06-06 01:30 AM Q1 A$-3.9B A$ -5.3B
2017-09-05 01:30 AM Q2 A$ -7.1B
2017-12-06 12:30 AM Q3 A$ -9.8B




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 Notes

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Australia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3853.00 -10201.00 295.00 -23105.00 1959 - 2016 AUD Million Quarterly



current account by Country

Last
Australia -3853.00 Dec/16
Brazil 1152.80 Apr/17
Canada -10726.00 Dec/16
China 190.00 Mar/17
Euro Area 44.80 Mar/17
France -3032.00 Mar/17
Germany 30200.00 Mar/17
India -7900.00 Dec/16
Indonesia -2397.00 Mar/17
Italy 3121.40 Mar/17
Japan 2907.70 Mar/17
Mexico -6859.20 Mar/17
Netherlands 17897.70 Dec/16
Russia 22800.00 Mar/17
South Korea 5930.00 Mar/17
Spain -223.00 Feb/17
Switzerland 22022.94 Dec/16
Turkey -3057.00 Mar/17
United Kingdom -12088.00 Dec/16
United States -112382.00 Dec/16