Australia recorded a Current Account surplus of 1.30 percent of the country's Gross Domestic Product in 2022. source: Reserve Bank of Australia
Current Account to GDP in Australia averaged -2.99 percent of GDP from 1959 until 2022, reaching an all time high of 4.10 percent of GDP in the second quarter of 2021 and a record low of -7.30 percent of GDP in the fourth quarter of 2004. This page provides - Australia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account to GDP - values, historical data and charts - was last updated on July of 2022.
Current Account to GDP in Australia is expected to be 2.20 percent of GDP 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 0.50 percent of GDP in 2023, according to our econometric models.