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

Australia recorded a current account deficit of 9,562 AUD million in Q2 of 2017 compared to an upwardly revised 4,754 AUD million deficit in Q1 of 2017 while markets expected a 8,100 AUD million deficit. It was the largest deficit in 3 quarters as the goods and services surplus decreased 59 percent to 3,070 AUD million. In contrast, the primary income gap widened 4.3 percent to 12,159 AUD million and the secondary income deficit narrowed 5 percent to 472 AUD million. In seasonally adjusted chain volume terms, the deficit on goods and services stood at 196 AUD million in the June quarter. This is expected to contribute 0.3 percentage points to growth in the June quarter 2017 volume measure of GDP. Current Account in Australia averaged -5148.75 AUD Million from 1959 until 2017, reaching an all time high of 295 AUD Million in the fourth quarter of 1972 and a record low of -23051 AUD Million in the fourth quarter of 2015.

Australia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-02-28 12:30 AM Current Account A$-3.9B A$-10.2B A$-3.6B A$ -4B
2017-06-06 01:30 AM Current Account A$-3.1B A$-3.5B A$ 0.1B A$ -1.9B
2017-09-05 01:30 AM Current Account A$-9.6B A$-4.8B A$-8.05B A$ -7B
2017-12-06 12:30 AM Current Account A$-9.6B A$ -12B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 989.00 808.00 4376.00 -43600.00 AUD Million [+]
Exports 32229.00 32063.00 34429.00 435.00 AUD Million [+]
Imports 31240.00 31255.00 31564.00 393.00 AUD Million [+]
Current Account -9562.00 -4754.00 295.00 -23051.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1900341.00 1886770.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 103.60 109.70 136.60 49.30 Index Points [+]
Foreign Direct Investment 64825.00 29636.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 3798.00 3693.00 25769.00 -375.00 AUD Million [+]
Tourist Arrivals 746100.00 605100.00 971800.00 30100.00 [+]
Gold Reserves 79.85 79.85 79.85 79.69 Tonnes [+]
Crude Oil Production 271.00 256.00 781.00 247.00 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 [+]

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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). 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-9562.00 -4754.00 295.00 -23051.00 1959 - 2017 AUD Million Quarterly




current account by Country

Last
Australia -9562.00 Jun/17
Brazil -302.50 Aug/17
Canada -16319.00 Jun/17
China 508.87 Jun/17
Euro Area 32.50 Jul/17
France -1468.00 Aug/17
Germany 17800.00 Aug/17
India -14300.00 Jun/17
Indonesia -4962.50 Jun/17
Italy 8625.00 Jul/17
Japan 2380.40 Aug/17
Mexico -321.10 Jun/17
Netherlands 15416.30 Jun/17
Russia 1200.00 Sep/17
South Korea 6061.10 Aug/17
Spain 2977.00 Jul/17
Switzerland 18748.00 Jun/17
Turkey -1237.00 Aug/17
United Kingdom -23182.00 Jun/17
United States -123137.00 Jun/17