Australia's current surplus widened to AUD 12.3 billion in Q1 of 2023 from a downwardly revised AUD 11.7 billion in Q4 of 2022, missing market expectations of AUD 15 billion, as a larger trade surplus was partly offset by a net primary income deficit. The goods and services account surplus rose to AUD 41.1 billion in Q1 from AUD 39.0 billion in Q4, with import prices falling more than export prices. The net secondary account gap narrowed to AUD 0.2 billion from AUD 0.4 billion in Q4. On the other hand, the net primary income gap increased to AUD 28.5 billion from AUD 27.0 billion, driven by income credits, which dropped to AUD 21.5 billion from a previous record high. source: Australian Bureau of Statistics
Current Account in Australia averaged -4476.87 AUD Million from 1959 until 2023, reaching an all time high of 21799.00 AUD Million in the third quarter of 2021 and a record low of -21726.00 AUD Million in the fourth quarter of 2015. This page provides - Australia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Current Account in Australia is expected to be 7000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Current Account is projected to trend around 4200.00 AUD Million in 2024 and 3800.00 AUD Million in 2025, according to our econometric models.