Balance of Payments

  • 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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  • Q3 2020

    December 1, 2020

    Australia’s seasonally adjusted current account surplus declined in Q3 2020.

    The lower current account surplus in Q3 reflected a narrowing in the trade surplus caused by a fall in exports and a rise in imports.

    The primary income deficit narrowed in Q3 due to a rise in income from Australian investments abroad.

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  • Q2 2020

    September 1, 2020

    Australia’s seasonally adjusted current account surplus surged to a record A$17.7B in Q2 2020, exceeding market expectations of A$13.0B.

    The widening in the current account surplus in Q2 was due to a rise in the trade surplus and narrowing in the primary income deficit.

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