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5302.0 - Balance of Payments and International Investment Position, Australia, June 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/09/2011   
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JUNE KEY FIGURES

Mar Qtr 2011
Jun Qtr 2011
Mar Qtr 2011 to Jun Qtr 2011
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-8 754
-8 829
-1
Seasonally adjusted
-11 115
-7 419
33
BALANCE ON GOODS AND SERVICES
Trend estimates
5 243
4 778
-9
Seasonally adjusted
2 747
5 599
104
NET PRIMARY INCOME
Trend estimates
-13 492
-13 107
3
Seasonally adjusted
-13 369
-12 499
7
LEVELS AT END OF PERIOD
International Investment Position
782 294
781 121
-
Net foreign equity
107 702
106 130
-1
Net foreign debt
674 592
674 991
-

- nil or rounded to zero (including null cells)

Current Account, Main aggregates - Trend estimates at current prices (a)
Graph: Current Account, Main aggregates—Trend estimates at current prices (a)

International Investment
Graph: International Investment




JUNE KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, fell $3,696m (33%) to $7,419m in the June quarter 2011. The surplus on the balance of goods and services rose $2,852m (104%) to $5,599m. The primary income deficit fell $870m (7%) to $12,499m.
  • In seasonally adjusted chain volume terms, the deficit on goods and services rose $1,643m (19%) from $8,581m in the March quarter 2011 to $10,224m in the June quarter 2011. This is expected to detract 0.5 percentage points from growth in the June quarter 2011 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $781.1b at 30 June 2011, a decrease of $1.2b on 31 March 2011. Australia's net foreign equity liability decreased $1.6b to a liability position of $106.1b. Australia's net foreign debt liability increased $0.4b to a liability position of $675.0b.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2011 6 December 2011
December 2011 6 March 2012
March 2012 5 June 2012



REVISIONS

In original terms, data have been revised back to September quarter 2009. See Revisions for details.


CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:
  • Improvement to the methodology of compiling chain volume measures and implicit price deflators on goods credits and debits.

Changes in forthcoming issues:
  • Annual seasonal re-analysis
  • New base year and re-referencing of chain volume estimates and implicit price deflators.

See Changes in this and forthcoming issues for details.


IRON ORE AND COAL PRICES

Adjustments have been made to the value of the 'metal ores and minerals' and 'coal, coke and briquettes' components in the balance of payments series. See Commodity value adjustment for details.


RELATED RELEASES

For related recent and upcoming releases see Related releases.


INQUIRIES

For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for balance of payments estimates, and Charles Kauye on Canberra (02) 6252 5541 for international investment estimates.


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