Balance of Payments
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Q1 2022
May 31, 2020 Australia’s seasonally adjusted current account surplus narrowed to A$7,532m in Q1 2022, from the upwardly revised A$13,235m in the previous quarter.
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Q4 2021
March 1, 2022 Australia’s seasonally adjusted current account surplus narrowed to A$12,677m in Q4 2021, from the downwardly revised A$21,981m in the previous quarter.
The decline in the current account surplus was driven by a lower trade surplus and, to a lesser extent, further deterioration in net primary balance.
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Q3 2021
November 30, 2020 Australia’s seasonally adjusted current account surplus widened to yet another record high of A$23.9b in Q3 2021.
The rise in the current account surplus was driven by a surge in the trade surplus amid higher energy commodity prices.
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Q2 2021
August 31, 2021 Australia’s seasonally adjusted current account surplus widened to another record high of A$20.5b in Q2 2021.
The widening of the trade surplus reflected an increase in the value of exports of goods, primarily metal ores and minerals.
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Q1 2021
June 1, 2021 Australia’s seasonally adjusted current account surplus widened to a fresh record of A$18.3b in Q1 2021, from an upwardly revised A$16.0b in Q4 2020.
The widening of the trade surplus reflected a further increase in exports of goods, driven by the higher value of metal ores and mineral exports.
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Q4 2020
March 2, 2021 Australia’s seasonally adjusted current account surplus widened to A$14.5b in Q4 2020, from a revised A$10.7b in Q3 (originally A$10.0b).
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