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

Australia recorded a current account deficit of 3,108 AUD million in Q1 of 2017 compared to a downwardly revised 3,511 AUD million deficit in Q4 of 2016 while markets expected a 100 AUD million surplus. It was the smallest deficit since the end of 2001 as the goods and services surplus increased 51 percent to 9,242 AUD million. In contrast, the primary income gap went up 29.4 percent to 11,940 AUD million and the secondary income deficit widened 3.5 percent to 410 AUD million. In seasonally adjusted chain volume terms, the surplus on goods and services fell 2,966 AUD million (85 percent) from 3,509 AUD million in the prior quarter to 543 AUD million in the March quarter. This is expected to detract 0.7 percentage points to growth in the March quarter 2017 volume measure of GDP. Current Account in Australia averaged -5122.23 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 -22996 AUD Million in the fourth quarter of 2015.

Australia Current Account
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Calendar GMT Actual Previous Consensus Forecast (i)
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$-3.1B A$-3.5B A$ 0.1B A$ -1.9B
2017-09-05 01:30 AM Q2 A$-3.1B A$ -5B
2017-12-06 12:30 AM Q3 A$ -7.7B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 856.00 2024.00 4546.00 -4152.00 AUD Million [+]
Exports 31779.00 32218.00 33889.00 435.00 AUD Million [+]
Imports 30923.00 30193.00 30923.00 396.00 AUD Million [+]
Current Account -3108.00 -3511.00 295.00 -22996.00 AUD Million [+]
Current Account to GDP -2.70 -4.70 1.40 -6.70 percent [+]
External Debt 1886770.00 1926696.00 1941405.00 147312.00 AUD Million [+]
Terms of Trade 109.70 102.90 136.60 49.30 Index Points [+]
Foreign Direct Investment 64825.00 29636.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 3693.00 5646.00 25769.00 -375.00 AUD Million [+]
Tourist Arrivals 605100.00 579100.00 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 [+]

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3108.00 -3511.00 295.00 -22996.00 1959 - 2017 AUD Million Quarterly



current account by Country

Last
Australia -3108.00 Mar/17
Brazil 1330.40 Jun/17
Canada -14053.00 Mar/17
China 529.00 Jun/17
Euro Area 28.10 Jun/17
France -2137.00 Jun/17
Germany 23600.00 Jun/17
India -3432.97 Mar/17
Indonesia -4962.50 Jun/17
Italy 5257.00 Jun/17
Japan 934.60 Jun/17
Mexico -6859.20 Mar/17
Netherlands 20180.90 Mar/17
Russia -300.00 Jun/17
South Korea 7007.00 Jun/17
Spain 2569.00 May/17
Switzerland 11118.00 Mar/17
Turkey -3763.00 Jun/17
United Kingdom -16895.00 Mar/17
United States -116781.00 Mar/17