Australia's current account surplus widened to a new record high of AUD 23.9 billion in the third quarter of 2021, from an upwardly revised AUD 22.9 billion in the previous period and compared with market expectations of AUD 27.8 billion, mainly driven by a AUD 8.1 billion increase in the balance on goods and services surplus. The goods and services account surplus increased to AUD 38.9 billion in Q3 from AUD 30.8 billion in Q2. In addition, net secondary income gap narrowed to AUD 0.7 billion from AUD 1.3 billion. Meanwhile, the net primary account deficit advanced to AUD 14.3 billion from AUD 6.6 billion. "Australia's September quarter record current account surplus was driven by strong prices for exports of coal and other mineral fuels as well as greater volumes of agricultural exports, Head of International Statistics at the ABS, Andrew Tomadini said. source: Australian Bureau of Statistics

Current Account in Australia averaged -4697.57 AUD Million from 1959 until 2021, reaching an all time high of 23900 AUD Million in the third quarter of 2021 and a record low of -22183 AUD Million in the fourth quarter of 2015. This page provides - Australia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Current Account in Australia is expected to be 15500.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Current Account is projected to trend around 1600.00 AUD Million in 2022 and -1600.00 AUD Million in 2023, according to our econometric models.

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Australia Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 01:30 AM Q2 A$20.5B A$18.9B A$21B A$19B
2021-11-30 12:30 AM Q3 A$23.9B A$22.9B A$27.8B A$26B
2022-03-01 12:30 AM Q4 A$23.9B


Related Last Previous Unit Reference
Balance of Trade 11220.00 11824.00 AUD Million Oct/21
Current Account 23886.00 22870.00 AUD Million Sep/21
Exports 43053.00 44544.00 AUD Million Oct/21
External Debt 2150759.00 2126051.00 AUD Million Jun/21
Terms of Trade 128.00 127.00 points Sep/21
Capital Flows -24448.00 -15363.00 AUD Million Jun/21
Foreign Direct Investment 29274.00 56423.00 AUD Million Dec/20
Tourist Arrivals 4410.00 6240.00 Sep/21

News Stream
Australia Current Account Surplus Hits New High
Australia's current account surplus widened to a new record high of AUD 23.9 billion in the third quarter of 2021 from an upwardly revised AUD 22.9 billion in the previous period and compared with market expectations of AUD 27.8 billion, mainly driven by an AUD 8.1 billion increase in the balance on goods and services surplus. The goods and services account surplus increased to AUD 38.9 billion in Q3 from AUD 30.8 billion in Q2. In addition, net secondary income gap narrowed to AUD 0.7 billion from AUD 1.3 billion. Meanwhile, the net primary account deficit advanced to AUD 14.3 billion from AUD 6.6 billion. "Australia's September quarter record current account surplus was driven by strong prices for exports of coal and other mineral fuels as well as greater volumes of agricultural exports, Head of International Statistics at the ABS, Andrew Tomadini said.
2021-11-30
Australia Q2 Current Account Surplus Hits Record High
Australia's current account surplus widened to an all-time high of AUD 20.5 billion in the second quarter of 2021, from an upwardly revised AUD 18.9 billion in the previous period and compared with market expectations of AUD 21 billion, driven by a AUD 3.5 billion increase in the balance on goods and services surplus. The goods and services account surplus increased to AUD 28.9 billion in Q2 from AUD 25.4 billion in Q1. Meanwhile, the net primary account deficit rose to AUD 7.4 billion from AUD 6.2 billion. "Australia's June quarter record current account surplus came off the back of strong bulk commodity prices. In particular, the iron ore price drove a record metal ores and minerals export value of AUD 53.3 billion, Head of International Statistics at the ABS, Andrew Tomadini said.
2021-08-31
Australia Posts Largest Current Account Surplus on Record
Australia's current account surplus widened to an all-time high of AUD 18.3 billion in the first quarter of 2021, from an upwardly revised AUD 16.0 billion in the previous period and above market expectations of AUD 17.9 billion, driven by a record AUD 5.2 billion increase in the balance on goods and services surplus. The goods and services account surplus increased to AUD 24.8 billion in Q1 from AUD 19.6 billion in Q4 2020. Meanwhile, the net primary account deficit rose to AUD 6 billion from AUD 3 billion. " Australia's record current account this quarter came on the back of strong commodity prices, particularly iron ore, " Head of International Statistics at the ABS, Andrew Tomadini said.
2021-06-01

Australia Current Account
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).