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5302.0 - Balance of Payments and International Investment Position, Australia, Mar 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/06/2015   
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MARCH KEY FIGURES

Dec Qtr 2014
Mar Qtr 2015
Dec Qtr 2014 to Mar Qtr 2015
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-11 116
-10 138
9
Seasonally adjusted
-10 239
-10 741
-5
BALANCE ON GOODS AND SERVICES
Trend estimates
-3 545
-3 083
13
Seasonally adjusted
-2 707
-3 701
-37
NET PRIMARY INCOME
Trend estimates
-7 024
-6 520
7
Seasonally adjusted
-6 959
-6 525
6
LEVELS AT END OF PERIOD
International Investment Position
866 708
878 376
1
Net foreign equity
-60 388
-76 296
-26
Net foreign debt
927 097
954 672
3


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, rose $502m (5%) to $10,741m in the March quarter 2015. The deficit on the balance of goods and services rose $994m (37%) to $3,701m in the March quarter 2015. The primary income deficit fell $434m (6%) to $6,525m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services rose $1,816m (24%) from $7,457m in the December quarter 2014 to $9,273m in the March quarter 2015. This is expected to contribute 0.5 percentage points to growth in the March quarter 2015 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $878.4b at 31 March 2015, an increase of $11.7b (1%) on the 31 December 2014 position of $866.7b. Australia's net foreign debt liability increased $27.6b (3%) to a net liability position of $954.7b. Australia's net foreign equity increased $15.9b (26%) to a net asset position of $76.3b at 31 March 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2015 1 September 2015
September 2015 1 December 2015
December 2015 1 March 2016
March 2016 31 May 2016


PRIVACY

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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.


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Commonwealth of Australia 2015

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