Australia's current account surplus narrowed to AUD 7.5 billion in the first quarter of 2022, from an upwardly revised AUD 13.2 billion in the previous period and far below market expectations of AUD 13.4 billion, pointing to the smallest figure since December quarter 2019, dragged down by a AUD 4.9 billion widening of the net primary income deficit and a fall of AUD 0.9 billion in the balance on goods and services surplus. The goods and services account surplus decreased to AUD 28.2 billion in Q1 from AUD 29.1 billion in Q4. Net primary income deficit rose to AUD 20 billion from AUD 15.2 billion. Meanwhile, the net secondary account gap was unchanged at AUD 0.7 billion. " “The rise in the net primary income deficit reflected higher dividend payments to non-residents as profits continued to rise on the back of higher commodity prices," Head of International Statistics at the ABS, Andrew Tomadini said. source: Australian Bureau of Statistics

Current Account in Australia averaged -4584.27 AUD Million from 1959 until 2022, reaching an all time high of 22405 AUD Million in the second quarter of 2021 and a record low of -22183 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 2022.

Current Account in Australia is expected to be -2000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Current Account is projected to trend around 1600.00 AUD Million in 2023 and -1600.00 AUD Million in 2024, according to our econometric models.

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Australia Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-03-01 12:30 AM Q4 A$12.7B A$22.0B A$14.9B A$13B
2022-05-31 01:30 AM Q1 A$7.5B A$13.2B A$13.4B A$16B
2022-09-06 01:30 AM Q2 A$7.5B


Related Last Previous Unit Reference
Balance of Trade 10495.00 9738.00 AUD Million Apr 2022
Current Account 7532.00 13235.00 AUD Million Mar 2022
Exports 50378.00 49899.00 AUD Million Apr 2022
External Debt 2178985.00 2224079.00 AUD Million Mar 2022
Terms of Trade 140.60 125.20 points Mar 2022
Capital Flows -2921.00 -6470.00 AUD Million Mar 2022
Foreign Direct Investment 33394.00 29274.00 AUD Million Dec 2021
Tourist Arrivals 235460.00 161720.00 Apr 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
7532.00 13235.00 22338.00 -22183.00 1959 - 2022 AUD Million Quarterly
SA

News Stream
Australia Q1 Current Account Surplus Smallest in Over 2 Years
Australia's current account surplus narrowed to AUD 7.5 billion in the first quarter of 2022 from an upwardly revised AUD 13.2 billion in the previous period and far below market expectations of AUD 13.4 billion, pointing to the smallest figure since December quarter 2019, dragged down by a AUD 4.9 billion widening of the net primary income deficit and a fall of AUD 0.9 billion in the balance on goods and services surplus. The goods and services account surplus decreased to AUD 28.2 billion in Q1 from AUD 29.1 billion in Q4. Net primary income deficit rose to AUD 20 billion from AUD 15.2 billion. Meanwhile, the net secondary account gap was unchanged at AUD 0.7 billion. " “The rise in the net primary income deficit reflected higher dividend payments to non-residents as profits continued to rise on the back of higher commodity prices," Head of International Statistics at the ABS, Andrew Tomadini said.
2022-05-31
Australia Current Account Surplus Smallest in 5 Months
Australia's current account surplus narrowed to a five-month low of AUD 12.7 billion in the fourth quarter of 2021, from a downwardly revised AUD 22.0 billion in the previous period and below market expectations of AUD 14.9 billion, dragged down by a fall of USD 6.4 billion in the balance on goods and services surplus .Exports of goods and services fell AUD 1.5 billion, while imports rose AUD 4.9 billion. As, a result, the goods and services account surplus decreased to AUD 31.0 billion in Q4 from AUD 37.4 billion in Q3. In addition, net secondary income gap edged up to AUD 0.9 billion from AUD 0.7 billion. Meanwhile, the net primary account deficit rose to AUD 17.5 billion from AUD 14.7 billion. "The decrease in the current account surplus was driven by weaker exports of non-rural goods, while imports of intermediate goods rose." Head of International Statistics at the ABS, Andrew Tomadini said.
2022-03-01
Australia Current Account Surplus Hits New High
Australia's current account surplus widened to a new record high of AUD 23.9 billion in the third quarter of 2021 from an upwardly revised AUD 22.9 billion in the previous period and compared with market expectations of AUD 27.8 billion, mainly driven by an AUD 8.1 billion increase in the balance on goods and services surplus. The goods and services account surplus increased to AUD 38.9 billion in Q3 from AUD 30.8 billion in Q2. In addition, net secondary income gap narrowed to AUD 0.7 billion from AUD 1.3 billion. Meanwhile, the net primary account deficit advanced to AUD 14.3 billion from AUD 6.6 billion. "Australia's September quarter record current account surplus was driven by strong prices for exports of coal and other mineral fuels as well as greater volumes of agricultural exports, Head of International Statistics at the ABS, Andrew Tomadini said.
2021-11-30