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5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2009   
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MEDIA RELEASE
December 8, 2009
95/2009
Increase in current account deficit

Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit rose $3,050m (23%) to $16,183m in the September quarter 2009. Exports of goods and services decreased $2,455m and imports of goods and services increased $1,770m.

In seasonally adjusted chain volume terms, there was a turnaround of $4,823m on the June quarter surplus on goods and services, resulting in a deficit of $3,961m. This is expected to detract 1.8 percentage points from growth in the September quarter 2009 volume measure of Gross Domestic Product.

Australia's net International Investment Position (IIP) rose $37.2b to a net liability position of $752.2b in the September quarter 2009. Australia's net foreign debt liability increased $3.3b and Australia's net foreign equity liability increased $33.8b.

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
  • September quarter national accounts (Australian National Accounts: National Income and Expenditure (cat. no. 5206.0)) will be released on 16 December 2009
  • Revised international standards have been introduced with this issue of Balance of Payments and International Investment Position, Australia. Australia is the first country to introduce the sixth edition of the IMF's Balance of Payments and International Investment Position Manual (BPM6).

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