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. source: Australian Bureau of Statistics

Current Account in Australia averaged -4936.77 AUD Million from 1959 until 2021, reaching an all time high of 18300 AUD Million in the first quarter of 2021 and a record low of -22189 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 June of 2021.

Current Account in Australia is expected to be 8000.00 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 2000.00 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
18283.00 16010.00 18283.00 -22189.00 1959 - 2021 AUD Million Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-01 01:30 AM Q2 A$17.7B A$9.0B A$13B A$12.5B
2020-12-01 12:30 AM Q3 A$10B A$16.3B A$7.1B A$8B
2021-03-02 12:30 AM Q4 A$14.5B A$10.7B A$13.1B A$12B
2021-06-01 01:30 AM Q1 A$18.3B A$16.0B A$17.9B A$17B
2021-09-01 01:30 AM Q2 A$18.3B
2021-12-01 12:30 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Surplus Widens in Q4
Australia's current account surplus widened to AUD 14.52 billion in the fourth quarter of 2020, from an upwardly revised AUD 10.71 billion in the previous period and above market expectations of AUD 13.1 billion, as the goods surplus increased sharply to AUD 14.25 billion from AUD 9.66 billion. Meanwhile, the services surplus declined slightly to AUD 3.87 billion from AUD 4.04 billion in the previous three-month period, while the primary income gap rose to AUD 3.17 billion from AUD 2.72 billion and the secondary income deficit went up to AUD 0.43 billion from AUD 0.27 billion.
2021-03-02
Australia Current Account Surplus Narrows Sharply
Australia’s current account surplus narrowed sharply to AUD 10 billion in the third quarter of 2020 from a downwardly revised AUD 16.34 billion in the previous period but above market expectations of a AUD 7.1 billion surplus. The goods surplus declined sharply to AUD 9.24 billion from AUD 16.66 billion in the previous three-month period and the services account surplus decreased to AUD 4.38 billion surplus from AUD 5.68 billion in the second quarter of the year. Meanwhile, the primary income shortfall dropped to AUD 3.33 billion from AUD 5.59 billion in the prior period and the secondary income deficit narrowed to AUD 0.27 billion from AUD 0.40 billion in the second quarter.
2020-12-01
Australia Posts Largest Current Account Surplus on Record
Australia’s current account surplus widened sharply to AUD 17.70 billion in the second quarter of 2020 from an upwardly revised AUD 9.0 billion in the previous period and beating market expectations of a AUD 13 billion surplus. This was the largest current account surplus on record, as the services account shifted to a AUD 6.90 billion surplus from a AUD 0.09 billion gap in the first quarter or the year. Also, the primary income shortfall dropped to AUD 5.58 billion from AUD 9.90 billion in the prior period. On the other hand, the goods surplus declined to AUD 16.96 billion from AUD 19.22 billion in the previous three-month period; and the secondary income deficit widened to AUD 0.54 billion from AUD 0.22 billion.
2020-09-01

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).