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5352.0 - International Investment Position, Australia: Supplementary Country Statistics, 2001-02  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/02/2003   
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NOTES


FORTHCOMING ISSUES

This publication is planned to be released on a calendar year basis in future because most analysis is in terms of international comparisons and data for most other countries are available on a calendar year basis. The first issue of calendar year statistics is expected to be released for reference year 2002 in August 2003. That issue will contain data for the years 1997 to 2002 and will be consistent with data published in the March quarter 2003 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).


CHANGES IN THIS ISSUE

Revisions

There have been revisions to the international investment position (IIP) data back to 1998-99. The revisions are the result of improved reporting and the identification and correction of errors.

Data availability

See paragraph 4 of the Explanatory Notes.

Presentational changes

The previous summary tables 1a to 1f have been removed. The publication now comprises 6 tables which were the previous tables numbered 2 to 7. The statistics contained in the previous summary tables 1a to 1f can be found throughout the six remaining tables. In the previous issue, data were presented for financial years commencing with 1991-92. In this issue, data are presented for the six financial years from 1996-97 to 2001-02. However, annual time series of data from 1991-92 are available as Data Cubes on the ABS web site.The format of Table 1 has changed. It now comprises 6 wafers, one for each of FIA and AIA financial account transactions, level as at 30 June and income. Each wafer contains a time series from 1991-92 onwards.

OECD
From 2000-01, the Slovak Republic is included in the OECD country group. It continues to be included in Europe n.e.s.


ABOUT THE PUBLICATION

International Investment Position, Australia: Supplementary Country Statistics (cat. no. 5352.0) presents statistics on Australia’s international investment position by selected countries, which supplements the quarterly publication, Balance of Payments and International Investment Position, Australia (cat. no. 5302.0). For foreign investment in Australia (liabilities), it includes details of country of investor, investment stocks (level of investment), flows (transactions) and associated income. For Australian investment abroad (assets), similar detail is provided in respect of country of investment. The non-transaction changes which occur due to exchange rate effects, other price effects and other changes in the levels of these assets and liabilities that are not due to transactions are not shown in this publication but do contribute to the level of investment.

The statistics are presented as time series for the years 1996-97 to 2001-02 inclusive and are consistent with those published in the September quarter 2002 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).


ANALYSIS OF RESULTS

International Investment Position

Australia’s net international investment position at 30 June 2002 was $385.7 billion, an increase of $24.7 billion on the previous year.

Levels of Foreign Investment in Australia

The level of foreign investment in Australia increased by $21.3 billion in 2001-02 to reach $844.5 billion at 30 June 2002. Portfolio investment accounted for $464.9 billion (55%), direct investment for $211.7 billion (25%), financial derivatives for $31.5 billion (4%) and other investment liabilities for $136.3 billion (16%). Of the portfolio investment liabilities, debt securities accounted for $304.3 billion (65%) and equity securities for $160.7 billion (35%).

The leading investor countries at 30 June 2002 were:

  • United States of America ($242.1 billion or 29%)
  • United Kingdom ($223.9 billion or 27%)
  • Japan ($48.0 billion or 6%)
  • Hong Kong (SAR of China) ($39.4 billion or 5%)
  • Singapore ($31.9 billion or 4%).

In addition, the level of borrowing raised on international capital markets (e.g. Eurobonds) was $73.7 billion or 9%.

The following graph illustrates the percentage share, by leading countries, of the total level of foreign investment in Australia at 30 June 2002.

Graph - Foreign investment in australia, levels: 30 June 2002



Levels of Australian Investment Abroad

The level of Australian investment abroad reached $458.8 billion at 30 June 2002, a decrease of $3.4 billion on the previous year. Direct investment abroad accounted for $156.3 billion (34%), portfolio investment for $160.6 billion (35%), other investment for $74.2 billion (16%), financial derivatives for $30.2 billion (7%) and reserve assets for $37.4 billion (8%). Equity has been the main form of Australian investment abroad during the past decade. At $280.7 billion, equity represented 61% of the total level of investment at 30 June 2002.

The leading destination countries as at 30 June 2002 were:
  • United States of America ($194.2 billion or 42%)
  • United Kingdom ($70.9 billion or 15%)
  • New Zealand ($29.2 billion or 6%)
  • Japan ($20.0 billion or 4%).

Users should note that the country of attribution is where the first investment is made. Some companies have subsidiaries abroad (e.g. in the United States of America) where the subsidiary may undertake further investment abroad (e.g. in South America). See also paragraph 5 of the Explanatory Notes.

The following graph illustrates the percentage share, by leading countries, of the total level of Australian investment abroad at 30 June 2002.

Graph - Australian investment abroad, levels: 30 June 2002



Financial Account Transactions

The balance on financial account for the year ended 30 June 2002 recorded a net inflow (surplus) of $19.2 billion. This result is up $4.9 billion on the net inflow of $14.3 billion recorded for the previous year.

Foreign Investment in Australia - Transactions

Foreign investment in Australia recorded a net inflow of $72.5 billion for the year ended 30 June 2002, an increase of $13.1 billion on the net inflow of $59.4 billion for the previous year.

The leading investor countries were:
  • United States of America ($26.1 billion or 36%)
  • United Kingdom ($18.4 billion or 25%)
  • Singapore ($8.4 billion or 12%)
  • Hong Kong (SAR of China) ($4.1 billion or 6%).

In addition, issues of borrowing raised on international capital markets (e.g. Eurobonds) were $3.3 billion or 4%.

The following graph illustrates the percentage share, by leading countries, of total financial transactions for foreign investment in Australian during the year ended 30 June 2002.

Graph - Foreign investment in australia, transactions: 2001-02



Australian investment Abroad - Transactions

Australian investment abroad recorded a net outflow of $53.3 billion for the year ended 30 June 2002, an increase of $8.2 billion on the net outflow of $45.1 billion for the previous year.

The leading destination countries were:
  • United States of America ($34.2 billion or 64%)
  • United Kingdom ($9.6 billion or 18%)
  • New Zealand ($4.9 billion or 9%)
  • Netherlands ($3.8 billion or 7%).

The following graph illustrates the percentage share, by leading countries, of total financial transactions for Australian investment abroad during the year ended 30 June 2002.

Graph - Australian investment abroad, transactions: 2001-02



Countries from which large amounts of Australian investment was withdrawn in 2001-02 were:
  • Japan ($7.6 billion or -14%)
  • Singapore ($3.0 billion or -6%)


Income

Income debits totalled $35.2 billion for the year ended 30 June 2002. This result is almost unchanged from the income debits in the previous year. The main countries to which income accrued for the year ended 30 June 2002 were:
  • United States of America ($9.6 billion or 27%)
  • United Kingdom ($6.5 billion or 18%)
  • Japan ($2.9 billion or 8%)
  • Hong Kong (SAR of China) ($1.3 billion or 4%)
  • Switzerland ($1.0 billion or 3%).

In addition, income debits of $3.4 billion or 10% accrued in relation to borrowings raised on international capital markets.

Income credits totalled $14.9 billion for the year ended 30 June 2002. This result is down $1.2 billion on the income credits in the previous year. The main countries from which income accrued for the year ended 30 June 2002 were:
  • United States of America ($5.3 billion or 35%)
  • United Kingdom ($2.5 billion or 17%)
  • New Zealand ($2.5 billion or 17%)
  • Hong Kong ($0.4 billion or 3%)
  • Japan ($0.4 billion or 2%).


FURTHER INFORMATION

For further information about these statistics contact: Phone Kevin Yeadon on (02) 6252 6255 or the National Information and Referral Service on 1300 135 070.

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