5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2009
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2010
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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
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