5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2018   
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JUNE KEY FIGURES

Mar Qtr 2018
Jun Qtr 2018
Mar Qtr 2018 to Jun Qtr 2018
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-13 692
-12 875
6
Seasonally adjusted
-11 678
-13 472
-15
BALANCE ON GOODS AND SERVICES
Trend estimates
1 695
2 960
75
Seasonally adjusted
3 344
2 812
-16
NET PRIMARY INCOME
Trend estimates
-15 100
-15 555
-3
Seasonally adjusted
-14 832
-15 934
-7
LEVELS AT END OF PERIOD
International Investment Position
933 929
953 430
2
Net foreign equity
-87 217
-82 978
5
Net foreign debt
1 021 146
1 036 408
1

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

International Investment
Graph: International Investment


JUNE KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, rose $1,794m to $13,472m in the June quarter 2018. The balance on goods and services surplus fell $532m to $2,812m. The primary income deficit rose $1,102m to $15,934m.
  • In seasonally adjusted chain volume terms, the deficit on goods and services fell $546m from $13,407m in the March quarter 2018 to $12,861m in the June quarter 2018. This is expected to contribute 0.1 percentage points to growth in the June quarter 2018 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $953.4b at 30 June 2018, an increase of $19.5b on the revised 31 March 2018 position of $933.9b. Australia's net foreign debt liability position increased $15.3b to $1,036.4b. Australia's net foreign equity asset position decreased $4.2b to $83.0b at 30 June 2018.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2018 4 December 2018
December 2018 5 March 2019
March 2019 4 June 2019
June 2019 3 September 2019


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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.