Balance of Payments

  • Q3 2022

    December 6, 2022

    Australia’s seasonally adjusted current account balance unexpectedly turned negative in Q3 2022, registering a deficit of A$2,278m against a surplus of A$14,745m in Q2 2022. The decline in the current account balance was driven by a A$11,088m drop in the trade surplus, coupled with a A$6,368m deterioration in the net primary income deficit.

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  • Q2 2022

    September 6, 2022

    Australia’s seasonally adjusted current account surplus rose to A$18,324m in Q2 2022, from the downwardly revised A$2,774m in the previous quarter.

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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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