5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/11/2010   
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MEDIA RELEASE
30 November 2010
149/2010
Increase in current account deficit


Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit rose $2,417m to $7,830m in the September quarter 2010. Exports of goods and services decreased $915m (1%) and imports of goods and services decreased $118m. The primary income deficit rose $1,663m (14%).

In seasonally adjusted chain volume terms, there was a turnaround of $1,457m in net goods and services resulting in a deficit of $68m. This is expected to detract 0.4 percentage points from growth in the September quarter 2010 volume measure of Gross Domestic Product.

Australia's net International Investment Position (IIP) rose $4.2b to a net liability position of $771.3b in the September quarter 2010. Australia's net foreign debt liability decreased $8.3b to a liability position of $666.0b. Australia's net foreign equity liability increased $12.5b to a liability position of $105.3b.

Further details can be found in Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) available for free download on the ABS website at www.abs.gov.au.

Media Note:
  • When reporting ABS data you must attribute the Australian Bureau of Statistics (or ABS) as the source
  • September quarter national accounts (Australian National Accounts: National Income and Expenditure (cat. no. 5206.0) will be released on 1 December 2010.