Australia’s current account surplus widened sharply to AUD 7.86 billion in the third quarter of 2019 from a downwardly revised AUD 4.67 billion in the previous quarter and beating market expectations of a AUD 6.3 billion surplus. It was the largest current account surplus on record, as the goods and services surplus increased to an all-time high of AUD 21.07 billion from AUD 19.27 billion in the second quarter of the year. The goods surplus rose to AUD 21.42 billion from AUD 20.06 billion and the services deficit narrowed to AUD 0.35 billion from AUD 0.80 billion in the previous period. In addition, the primary income gap fell to AUD 13.03 billion from AUD 14.63 billion. Meanwhile, the secondary income shifted to a AUD 0.18 billion deficit from a AUD 0.03 billion surplus in the second quarter.

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. This page provides - Australia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Australian Bureau of Statistics

Current Account in Australia is expected to be -1000.00 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 -3900.00 in 12 months time. In the long-term, the Australia Current Account is projected to trend around -5000.00 AUD Million in 2021, according to our econometric models.


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Australia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
7855.00 4669.00 7855.00 -22471.00 1959 - 2019 AUD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-03-05 12:30 AM Q4 A$-7.2B A$-10.8B A$-9.2B A$ -10B
2019-06-04 01:30 AM Q1 A$-2.9B A$-6.3B A$-2.5B A$-3.2B
2019-09-03 01:30 AM Q2 A$5.9B A$-1.1B A$1.4B A$0.9B
2019-12-03 12:30 AM Q3 A$7.86B A$4.7B A$6.3B A$6.9B
2020-03-03 12:30 AM Q4 A$7.86B A$7.2B
2020-06-04 01:30 AM Q1 A$ -1B
2020-09-03 01:30 AM Q2 A$ 2B
2020-12-03 12:30 AM Q3 A$ -3B


News Stream
Australia Posts Largest Current Account Surplus on Record
Australia’s current account surplus widened sharply to AUD 7.86 billion in the third quarter of 2019 from a downwardly revised AUD 4.67 billion in the previous quarter and beating market expectations of a AUD 6.3 billion surplus. It was the largest current account surplus on record, as the goods and services surplus increased to an all-time high of AUD 21.07 billion from AUD 19.27 billion in the second quarter of the year. The goods surplus rose to AUD 21.42 billion from AUD 20.06 billion and the services deficit narrowed to AUD 0.35 billion from AUD 0.80 billion in the previous period. In addition, the primary income gap fell to AUD 13.03 billion from AUD 14.63 billion. Meanwhile, the secondary income shifted to a AUD 0.18 billion deficit from a AUD 0.03 billion surplus in the second quarter.
2019-12-03
Australia Posts 1st Current Account Surplus in 44 Years
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.
2019-09-03
Australia Q1 Current Account Gap Smallest Since 1997
Australia’s current account deficit narrowed sharply to AUD 2.90 billion in the first quarter of 2019 from a downwardly revised AUD 6.33 billion in the previous quarter and compared with market expectations of a AUD 2.5 billion shortfall. It was the smallest current account deficit since the second quarter of 1997, as the goods and services surplus increased to AUD 13.59 billion from AUD 8.84 billion in the last quarter of 2018. Meantime, the primary income gap widened to AUD 15.98 billion from AUD 14.79 billion in previous period and the secondary income gap rose to UD 0.51 billion from AUS 0.37 billion.
2019-06-04
Australia Current Account Deficit Narrows in Q4
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.
2019-03-05

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).