The data reached an all-time high of 5.5 USD bn in Mar 2020 and a record low of -19.0 USD bn in Dec 2012. As of May 2020, Australia's trade balance was $8,025 million (seasonally adjusted). Touch device users, explore by touch or with swipe gestures.When autocomplete results are available use up and down arrows to review and enter to select. The Australian Bureau of Statistics provides Current Account Balance in local currency. About Australia Current Account Balance SA "The current account is part of the balance of payments. Australia’s current account surplus widened sharply to AUD 8.40 billion in the first quarter of 2020 from an upwardly revised AUD 1.72 billion in the previous quarter and beating market expectations of AUD 6.3 billion. Current Account

In addition, the primary income gap fell to AUD 13.03 billion from AUD 14.63 billion. Balance of payments .

News All News . “So there is a potential that this rating will remain AAA even though the government is running continued small deficits.”S&P’s external assessment incorporates the current account deficit among five key areas to determine a nation’s creditworthiness.
Latest Releases and Calendar Events. “Australia’s AAA credit rating has traditionally been a balance of a quadruple-A domestic fiscal position, offset by a reliance on external capital -- the current-account deficit.

Flexible monthly access to CEIC data Updates with S&P on debt and unemployment in final two paragraphs. The current account surplus was driven by a trade surplus of $19.2 billion and a narrowing of the net income deficit to $10.6 billion, according to the latest information released by the Australian Bureau of Statistics (ABS). Federal … Australia recorded an $8.4 billion current account surplus in the March quarter 2020, the fourth in succession, as COVID-19 effects impacted international trade.

It was the first current account surplus since the second quarter of 1975, as the goods and services surplus jumped to a record AUD 19.90 billion from AUD 14.84 billion in the first three months of the year. Australia's Current Account Balance: USD mn data is updated quarterly, available from Sep 1959 to Mar 2020, with an averaged value of -2.4 USD bn. This was the largest currrent account surplus on record, as the goods surplus jumped to AUD 19.30 billion from AUD 13.43 billion in the previous three-month period as imports dropped mostly due …

The graph below shows the variation in Australia's monthly trade balance over the past few years. All 4 graphs provide evidence that Australia had a negative Current Account Balance at least since 2008. One single factor that undermines balance of payments is Australia's narrow export base. The country's Nominal GDP was reported at 343.6 USD bn in Dec 2019. All suggestions for corrections of any errors about Current account balance should be addressed to the CIA. This part-warning, part-call to arms helped galvanize Australians behind a reform program that would set up the economy’s near three decade expansion.The current account’s return to surplus last year was a function of surging resource revenues and an upward trend in services exports that strengthened the trade balance.Narrower current account deficit gives room on fiscal frontToday, the surplus could prove critical to retaining the AAA rating, which Australia holds with all three “Australia’s AAA credit rating has traditionally been a balance of a quadruple-A domestic fiscal position, offset by a reliance on external capital -- the current-account deficit. Australia's current account balance in Q2 2015 was up down to −14.81.

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).

The goods surplus declined to AUD 14.15 billion from AUD 20.41 billion in the previous three-month period, while the services deficit narrowed to AUD 0.26 billion from AUD 0.50 billion. The current account includes all the transactions (other than those in financial items) that involve economic values and occur between resident and non-resident entities.
1959 - 2020 | Quarterly | USD mn | CEIC Data Current account was long a drag on rating but now shifting The current balance in Q2 as a percentage of GDP was −4.7%. Australia - Current account balance -23.9 (billion US dollars) in 2020 In 2019, current … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Foreign Direct Investment (FDI) increased by 6.0 USD bn in Mar 2020. Instant access to full history data in excel In Australia the Balance of Payments (BOPs) statistics are compiled by the Australian Bureau of Statistics. Its Foreign Portfolio Investment fell by 29.1 USD bn in Mar 2020.

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