Australia's current account surplus widened to an all-time high of AUD 18.3 billion in the first quarter of 2021, from an upwardly revised AUD 16.0 billion in the previous period and above market expectations of AUD 17.9 billion, driven by a record AUD 5.2 billion increase in the balance on goods and services surplus. The goods and services account surplus increased to AUD 24.8 billion in Q1 from AUD 19.6 billion in Q4 2020. Meanwhile, the net primary account deficit rose to AUD 6 billion from AUD 3 billion. " Australia's record current account this quarter came on the back of strong commodity prices, particularly iron ore, " Head of International Statistics at the ABS, Andrew Tomadini said. source: Australian Bureau of Statistics
Current Account in Australia averaged -4936.77 AUD Million from 1959 until 2021, reaching an all time high of 18300 AUD Million in the first quarter of 2021 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 June 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.