Australia’s current account surplus narrowed sharply to AUD 10 billion in the third quarter of 2020 from a downwardly revised AUD 16.34 billion in the previous period but above market expectations of a AUD 7.1 billion surplus. The goods surplus declined sharply to AUD 9.24 billion from AUD 16.66 billion in the previous three-month period and the services account surplus decreased to AUD 4.38 billion surplus from AUD 5.68 billion in the second quarter of the year. Meanwhile, the primary income shortfall dropped to AUD 3.33 billion from AUD 5.59 billion in the prior period and the secondary income deficit narrowed to AUD 0.27 billion from AUD 0.40 billion in the second quarter. source: Australian Bureau of Statistics
Current Account in Australia averaged -5105.11 AUD Million from 1959 until 2020, reaching an all time high of 17700 AUD Million in the second quarter of 2020 and a record low of -22279 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 January of 2021.
Current Account in Australia is expected to be 7500.00 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 3000.00 in 12 months time. In the long-term, the Australia Current Account is projected to trend around 2500.00 AUD Million in 2021 and -1600.00 AUD Million in 2022, according to our econometric models.