Australia’s current account deficit narrowed sharply to AUD 7.203 billion in the fourth quarter of 2018 from an upwardly revised AUD 10.785 billion in the previous quarter and compared with market expectations of a AUD 9.20 billion shortfall. It was the smallest current account deficit since the first quarter of 2017, as goods and services surplus increased sharply to AUD 8.425 billion from AUD 5.764 billion in the September quarter. Additionally, the primary income gap declined to AUD 15.318 billion from AUD 16.166 billion in previous period. Current Account in Australia averaged -5464.73 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 -22471 AUD Million in the fourth quarter of 2015.

Australia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
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$-7.2B A$-10.8B A$-9.2B A$ -10B
2019-06-05 01:30 AM Current Account A$-7.2B A$-11B
2019-09-04 01:30 AM Current Account A$-12.9B
2019-12-04 12:30 AM Current Account A$-13B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 4549.00 3769.00 4673.00 -4314.00 AUD Million [+]
Current Account -7203.00 -10785.00 277.00 -22471.00 AUD Million [+]
Current Account to GDP -3.10 -1.40 2.30 -7.30 percent [+]
Imports 35388.00 34267.00 36271.00 393.00 AUD Million [+]
Exports 39937.00 38036.00 39937.00 435.00 AUD Million [+]
External Debt 2084046.00 2031327.00 2084046.00 147312.00 AUD Million [+]
Terms of Trade 92.70 89.30 106.40 47.50 Index Points [+]
Foreign Direct Investment 60499.00 64825.00 64825.00 -37050.00 AUD Million [+]
Capital Flows 9862.00 11116.00 25377.00 -375.00 AUD Million [+]
Tourist Arrivals 731100.00 1057900.00 1057900.00 30100.00 [+]
Gold Reserves 68.70 68.70 79.85 68.70 Tonnes [+]
Crude Oil Production 320.00 318.00 781.00 243.00 BBL/D/1K [+]
Terrorism Index 2.83 3.09 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-7203.00 -10785.00 277.00 -22471.00 1959 - 2018 AUD Million Quarterly




Country Last Previous
Argentina -7591.00 Sep/18
Australia -7203.00 Dec/18
Brazil -6548.40 Jan/19
Canada -15483.00 Dec/18
China 546.00 Dec/18
Euro Area 32.99 Dec/18
France 898.00 Jan/19
Germany 18328.50 Jan/19
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4211.00 Dec/18
Japan 600.40 Jan/19
Mexico -3424.00 Dec/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 2772.30 Jan/19
Spain 4670.00 Dec/18
Switzerland 14596.00 Sep/18
Turkey -813.00 Jan/19
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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