Australia's current account surplus widened to AUD 14.52 billion in the fourth quarter of 2020, from an upwardly revised AUD 10.71 billion in the previous period and above market expectations of AUD 13.1 billion, as the goods surplus increased sharply to AUD 14.25 billion from AUD 9.66 billion. Meanwhile, the services surplus declined slightly to AUD 3.87 billion from AUD 4.04 billion in the previous three-month period, while the primary income gap rose to AUD 3.17 billion from AUD 2.72 billion and the secondary income deficit went up to AUD 0.43 billion from AUD 0.27 billion. source: Australian Bureau of Statistics
Current Account in Australia averaged -5031.13 AUD Million from 1959 until 2020, reaching an all time high of 16382 AUD Million in the second quarter of 2020 and a record low of -22189 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 May of 2021.
Current Account in Australia is expected to be 8000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Australia to stand at 2000.00 in 12 months time. In the long-term, the Australia Current Account is projected to trend around 1600.00 AUD Million in 2022 and -1600.00 AUD Million in 2023, according to our econometric models.