5302.0 - Balance of Payments and International Investment Position, Australia, Mar 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/06/2018   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

MARCH KEY FIGURES

Dec Qtr 2017
Mar Qtr 2018
Dec Qtr 2017 to Mar Qtr 2018
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-12 670
-12 229
3
Seasonally adjusted
-14 661
-10 469
29
BALANCE ON GOODS AND SERVICES
Trend estimates
1 102
1 796
63
Seasonally adjusted
-1 022
4 083
(a) . .
NET PRIMARY INCOME
Trend estimates
-13 393
-13 684
-2
Seasonally adjusted
-13 228
-14 253
-8
LEVELS AT END OF PERIOD
International Investment Position
988 633
954 554
-3
Net foreign equity
-35 518
-71 267
-101
Net foreign debt
1 024 150
1 025 821
-

- nil or rounded to zero (including null cells)
. . not applicable
(a) See paragraph 17 of the Explanatory Notes.


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, fell $4,192m to $10,469m in the March quarter 2018. There was a turnaround of $5,105m on the balance on goods and services, resulting in a surplus of $4,083m in the March quarter 2018. The primary income deficit rose $1,025m to $14,253m.
  • In seasonally adjusted chain volume terms, the deficit on goods and services fell $1,514m from $14,275m in the December quarter 2017 to $12,761m in the March quarter 2018. This is expected to contribute 0.3 percentage points to growth in the March quarter 2018 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $954.6b at 31 March 2018, a decrease of $34.1b on the revised 31 December 2017 position of $988.6b. Australia's net foreign debt liability increased $1.7b to $1,025.8b. Australia's net foreign equity asset position increased $35.7b to $71.3b at 31 March 2018.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2018 4 September 2018
September 2018 4 December 2018
December 2018 5 March 2019
March 2019 4 June 2019


PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for balance of payments estimates, and International Investment at <international.accounts@abs.gov.au> for international investment estimates.