5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2010   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product
March 1, 2010
Increase in current account deficit

Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit rose $2,728m (19%) to $17,459m in the December quarter 2009. Exports of goods and services decreased $266m and imports of goods and services increased by $1,572m.

In seasonally adjusted chain volume terms, the goods and services deficit increased $3,790m resulting in a deficit of $7,750m. This is expected to detract 1.3 percentage points from growth in the December quarter 2009 volume measure of Gross Domestic Product.

Australia's net International Investment Position (IIP) rose $12.4b to a net liability position of $768.6b in the December quarter 2009. Australia's net foreign debt liability increased $14.2b and Australia's net foreign equity liability decreased $1.8b.

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
  • December quarter national accounts (Australian National Accounts: National Income and Expenditure (cat. no. 5206.0) will be released on 3 March 2010.