5302.0 - Balance of Payments and International Investment Position, Australia, Mar 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2016   
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MARCH KEY FIGURES

Dec Qtr 2015
Mar Qtr 2016
Dec Qtr 2015 to Mar Qtr 2016
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-20 627
-19 131
7
Seasonally adjusted
-22 631
-20 794
8
BALANCE ON GOODS AND SERVICES
Trend estimates
-9 865
-9 237
6
Seasonally adjusted
-10 938
-8 114
26
NET PRIMARY INCOME
Trend estimates
-10 165
-9 303
8
Seasonally adjusted
-11 105
-12 084
-9
LEVELS AT END OF PERIOD
International Investment Position
960 795
1 012 148
5
Net foreign equity
-57 892
-15 696
73
Net foreign debt
1 018 687
1 027 844
1


Current Account Balance (a), Main aggregates
Graph: Current Account Balance (a), Main aggregates

International Investment
Graph: International Investment




MARCH KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, decreased $1,837m (8%) to $20,794m in the March quarter 2016. The deficit on the balance of goods and services decreased $2,824m (26%) to $8,114m. The primary income deficit increased $979m (9%) to $12,084m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services increased $4,731m (60%) from $7,880m in the December quarter 2015 to $12,611m in the March quarter 2016. This is expected to contribute 1.1 percentage points to growth in the March quarter 2016 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $1,012.1b at 31 March 2016, an increase of $51.4b (5%) on the revised 31 December 2015 position of $960.8b. Australia's net foreign debt liability increased $9.2b (1%) to a net liability position of $1,027.8b. Australia's net foreign equity asset decreased $42.2b (73%) to a net asset position of $15.7b at 31 March 2016.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2016 6 September 2016
September 2016 6 December 2016
December 2016 28 February 2017
March 2017 6 June 2017



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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 6252 5540 for balance of payments estimates, and International Investment on Canberra (02) 6252 5541 for international investment estimates.