Australia’s current account deficit narrowed sharply to AUD 2.90 billion in the first quarter of 2019 from a downwardly revised AUD 6.33 billion in the previous quarter and compared with market expectations of a AUD 2.5 billion shortfall. It was the smallest current account deficit since the second quarter of 1997, as the goods and services surplus increased to AUD 13.59 billion from AUD 8.84 billion in the last quarter of 2018. Meantime, the primary income gap widened to AUD 15.98 billion from AUD 14.79 billion in previous period and the secondary income gap rose to UD 0.51 billion from AUS 0.37 billion. Current Account in Australia averaged -5453.99 AUD Million from 1959 until 2019, reaching an all time high of 277 AUD Million in the fourth quarter of 1972 and a record low of -22471 AUD Million in the fourth quarter of 2015.

Australia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-04 01:30 AM Current Account Q2 A$-13.5B A$-11.7B A$-11.5B A$ -10.7B
2018-12-04 12:30 AM Current Account Q3 A$-10.7B A$-12.0B A$-10.2B A$ -13.2B
2019-03-05 12:30 AM Current Account Q4 A$-7.2B A$-10.8B A$-9.2B A$ -10B
2019-06-04 01:30 AM Current Account Q1 A$-2.9B A$-6.3B A$-2.5B A$-3.2B
2019-09-04 01:30 AM Current Account Q2 A$-2.9B A$-12.9B
2019-12-04 12:30 AM Current Account Q3 A$-13B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 5745.00 4820.00 5745.00 -4278.00 AUD Million [+]
Current Account -2900.00 -6325.00 277.00 -22471.00 AUD Million [+]
Current Account to GDP -1.50 -3.40 2.30 -7.30 percent [+]
Imports 35839.00 35324.00 35996.00 393.00 AUD Million [+]
Exports 41585.00 41585.00 41585.00 435.00 AUD Million [+]
External Debt 2095650.00 2084046.00 2095650.00 147312.00 AUD Million [+]
Terms of Trade 97.40 92.70 106.40 47.50 Index Points [+]
Foreign Direct Investment 80891.00 55183.00 80891.00 -37051.00 AUD Million [+]
Capital Flows 812.00 8520.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 668300.00 700400.00 1057900.00 30100.00 [+]
Gold Reserves 68.70 68.70 79.85 68.70 Tonnes [+]
Crude Oil Production 326.00 332.00 781.00 238.00 BBL/D/1K [+]
Terrorism Index 2.83 3.09 3.11 0.01 [+]
Weapons Sales 38.00 98.00 158.00 2.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Australia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2900.00 -6325.00 277.00 -22471.00 1959 - 2019 AUD Million Quarterly




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 13.32 May/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 2599.00 May/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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