Australia’s current account deficit narrowed to AUD 10.688 billion in the third quarter of 2018 from a downwardly revised AUD 12.056 billion gap in the previous quarter while markets had estimated a gap of AUD 10.20 billion. It was the smallest current account deficit since the March quarter 2017, as the balance on goods and services surplus increased sharply to AUD 6.607 billlion from AUD 3.903 billion in the June quarter. Meanwhile, the primary income deficit widened to AUD 16.911 billion from AUD 15.749 billion. Also, the secondary income deficit rose to AUD 383 million from AUD 211 million in the prior quarter. Current Account in Australia averaged -5460.70 AUD Million from 1959 until 2018, reaching an all time high of 277 AUD Million in the fourth quarter of 1972 and a record low of -22433 AUD Million in the fourth quarter of 2015.

Australia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-06 12:30 AM Current Account A$-14B A$-9.1B A$-12.6B A$ -12B
2018-06-05 01:30 AM Current Account A$-10.5B A$-14.7B A$-9.95B A$ -13.5B
2018-09-04 01:30 AM Current Account A$-13.5B A$-11.7B A$-11.5B A$ -10.7B
2018-12-04 12:30 AM Current Account A$-10.7B A$-12.0B A$-10.2B A$ -13.2B
2019-03-05 12:30 AM Current Account A$-10.7B A$ -19B
2019-06-05 01:30 AM Current Account
2019-09-04 01:30 AM Current Account


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 1925.00 2013.00 4514.00 -4251.00 AUD Million [+]
Current Account -10688.00 -12056.00 277.00 -22433.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
Imports 36520.00 35900.00 36520.00 393.00 AUD Million [+]
Exports 38445.00 37913.00 38445.00 435.00 AUD Million [+]
External Debt 2031327.00 2045588.00 2045588.00 147312.00 AUD Million [+]
Terms of Trade 89.30 87.70 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 11116.00 13808.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 802200.00 754000.00 1015000.00 30100.00 [+]
Gold Reserves 68.70 68.70 79.85 68.70 Tonnes [+]
Crude Oil Production 281.00 285.00 781.00 243.00 BBL/D/1K [+]
Terrorism Index 3.09 2.74 3.11 0.01 [+]
Weapons Sales 97.00 134.00 158.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-10688.00 -12056.00 277.00 -22433.00 1959 - 2018 AUD Million Quarterly




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 23.25 Nov/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 4805.70 Nov/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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