Australia’s current account deficit widened to AUD 13.472 billion in the second quarter of 2018 from an upwardly revised AUD 11.678 billion gap in the previous quarter and higher than market expectations of a AUD 11.50 billion gap. The balance on goods and services surplus fell by AUD 532 million to AUD 2.812 billion. In addition, the secondary income deficit went up by AUD 161 million to AUD 351 million and the primary income deficit rose by AUD 1.102 billion to AUD 15.934 billion. Current Account in Australia averaged -5306.25 AUD Million from 1959 until 2018, reaching an all time high of 13500 AUD Million in the second quarter of 2018 and a record low of -22594 AUD Million in the fourth quarter of 2015.

Current Account in Australia is expected to be -13243.30 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Australia to stand at -12977.83 in 12 months time. In the long-term, the Australia Current Account is projected to trend around -22900.00 AUD Million in 2020, according to our econometric models.

Australia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-06 12:30 AM Current Account A$-14B A$-9.1B A$-12.6B A$ -12B
2018-06-05 01:30 AM Current Account A$-10.5B A$-14.7B A$-9.95B A$ -13.5B
2018-09-04 01:30 AM Current Account A$-13.5B A$-11.7B A$-11.5B A$ -10.7B
2018-12-05 12:30 AM Current Account A$-13.5B A$ -13.2B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 3017.00 2342.00 4510.00 -4214.00 AUD Million [+]
Exports 37496.00 37213.00 37496.00 435.00 AUD Million [+]
Imports 34479.00 34871.00 34871.00 393.00 AUD Million [+]
Current Account -13472.00 -11678.00 277.00 -22497.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
External Debt 2045588.00 2005834.00 2045588.00 147312.00 AUD Million [+]
Terms of Trade 89.30 87.70 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 12538.00 7111.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 741700.00 774400.00 1015000.00 30100.00 [+]
Gold Reserves 68.70 72.80 79.85 68.70 Tonnes [+]
Crude Oil Production 285.00 279.00 781.00 243.00 BBL/D/1K [+]
Terrorism Index 3.09 2.74 3.11 0.01 [+]
Weapons Sales 97.00 134.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-13472.00 -11678.00 277.00 -22497.00 1959 - 2018 AUD Million Quarterly




Country Last
Argentina -8292.00 Jun/18
Australia -13472.00 Jun/18
Brazil 31.80 Sep/18
Canada -15880.00 Jun/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -1918.00 Sep/18
Germany 21141.17 Sep/18
India -15807.13 Jun/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1821.60 Sep/18
Mexico -3882.10 Jun/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 10831.40 Sep/18
Spain 1830.00 Aug/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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