Australia's current account surplus widened to an all-time high of AUD 20.5 billion in the second quarter of 2021, from an upwardly revised AUD 18.9 billion in the previous period and compared with market expectations of AUD 21 billion, driven by a AUD 3.5 billion increase in the balance on goods and services surplus. The goods and services account surplus increased to AUD 28.9 billion in Q2 from AUD 25.4 billion in Q1. Meanwhile, the net primary account deficit rose to AUD 7.4 billion from AUD 6.2 billion. "Australia's June quarter record current account surplus came off the back of strong bulk commodity prices. In particular, the iron ore price drove a record metal ores and minerals export value of AUD 53.3 billion, Head of International Statistics at the ABS, Andrew Tomadini said. source: Australian Bureau of Statistics
Current Account in Australia averaged -4813.04 AUD Million from 1959 until 2021, reaching an all time high of 20461 AUD Million in the second quarter of 2021 and a record low of -22183 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 September of 2021.
Current Account in Australia is expected to be 15000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.