Australia current account balance shifted to a AUD 5.85 billion surplus in the second quarter of 2019 from a downwardly revised AUD 1.12 billion deficit in the previous quarter and beating market expectations of a AUD 1.4 billion surplus. It was the first current account surplus since the second quarter of 1975, as the goods and services surplus jumped to a record AUD 19.90 billion from AUD 14.84 billion in the first three months of the year. The goods surplus widened to AUD 20.36 billion from AUD 15.32 billion and the services deficit narrowed to AUD 0.46 billion from AUD 0.48 billion a year earlier. In addition, the primary income gap fell to AUD 13.93 billion from AUD 15.50 billion and the secondary income shortfall declined to AUD 0.12 billion from AUD 0.46 billion a year ago. Current Account in Australia averaged -5399.37 AUD Million from 1959 until 2019, reaching an all time high of 5900 AUD Million in the second quarter of 2019 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
2018-12-04 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
2019-09-03 01:30 AM Current Account Q2 A$5.9B A$-1.1B A$1.4B A$0.9B
2019-12-03 12:30 AM Current Account Q3 A$5.9B A$-13B


Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 5926.00 7253.00 7947.00 -4286.00 AUD Million [+]
Current Account 5853.00 -1120.00 5853.00 -22471.00 AUD Million [+]
Current Account to GDP -1.50 -3.40 2.30 -7.30 percent [+]
Imports 35056.00 35193.00 36083.00 393.00 AUD Million [+]
Exports 40982.00 42446.00 42446.00 435.00 AUD Million [+]
External Debt 2139816.00 2115047.00 2139816.00 147312.00 AUD Million [+]
Terms of Trade 100.20 97.40 106.40 47.50 Index Points [+]
Foreign Direct Investment 80891.00 55183.00 80891.00 -37051.00 AUD Million [+]
Capital Flows -4163.00 3430.00 24576.00 -4163.00 AUD Million [+]
Tourist Arrivals 789200.00 790400.00 1057900.00 30100.00 [+]
Gold Reserves 68.74 68.70 79.85 68.70 Tonnes [+]
Crude Oil Production 362.00 329.00 781.00 238.00 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 [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5853.00 -1120.00 5853.00 -22471.00 1959 - 2019 AUD Million Quarterly




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 25.71 Aug/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 6037.00 Aug/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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