Australia Current Account to GDP  1959-2018 | Data | Chart | Calendar

Australia recorded a Current Account deficit of 3.10 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Australia averaged -3.24 percent from 1959 until 2017, reaching an all time high of 2.30 percent in 1961 and a record low of -7.30 percent in 2004.

Australia Current Account to GDP
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Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 827.00 472.00 4534.00 -4210.00 AUD Million [+]
Exports 35562.00 34209.00 35562.00 435.00 AUD Million [+]
Imports 34735.00 33737.00 34735.00 393.00 AUD Million [+]
Current Account -10469.00 -14661.00 277.00 -22594.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
External Debt 2005834.00 1941517.00 2005834.00 147312.00 AUD Million [+]
Terms of Trade 89.10 86.70 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 7339.00 16999.00 26186.00 -375.00 AUD Million [+]
Tourist Arrivals 609300.00 679700.00 1010600.00 30100.00 [+]
Gold Reserves 72.80 72.80 79.85 72.80 Tonnes [+]
Crude Oil Production 292.00 289.00 781.00 243.00 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 to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Australia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -1.40 2.30 -7.30 1959 - 2017 percent Yearly
SA




current account to GDP by Country
Country Last
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Spain 1.90 Dec/17
Russia 1.80 Dec/16
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Turkey -5.50 Dec/17


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