Australia Current Account to GDP  Forecast


Current Account to GDP in Australia is expected to be -2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Current Account to GDP is projected to trend around -2.30 percent in 2020, according to our econometric models.

Australia Current Account to GDP
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Australia Trade Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 460 550 100 -140 500 -3910
Exports 31071 31450 30800 30160 30800 28500
Imports 30611 30900 30700 30300 30300 32400
Current Account -9562 -11991 -17900 -14689 -14272 -22900
Current Account to GDP -2.7 -2.3 -2.3 -2.2 -2.2 -2.3
External Debt 1900341 1889531 1888468 1883843 1880612 1846085
Terms of Trade 104 98.65 95.73 94.94 95 92.77
Foreign Direct Investment 64825 49598 47623 49434 51246 50650
Capital Flows 3798 5598 5817 5455 5408 6560
Tourist Arrivals 605100 647306 639998 636709 639514 638969
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85
Crude Oil Production 271 277 278 278 278 278
Terrorism Index 2.74 2.99 3.05 2.97 2.89 3.05
Weapons Sales 127 102 110 104 97.65 100