5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2012   
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Table 36 summarises revisions, in original current price terms, since the last issue of this publication, for the last three years and six quarters.

Incorporation of the latest survey and administrative data has resulted in revisions to the balance of payments and IIP series back to September quarter 2008. In original current price terms, these revisions have:

  • increased the 2008-09 current account deficit by $1,406m
  • increased the 2009-10 current account deficit by $1,281m
  • increased the 2010-11 current account deficit by $948m
  • increased the 2011-12 current account deficit by $1,922m
  • increased the current account deficit for September quarter 2011 by $551m
  • decreased the current account deficit for December quarter 2011 by $54m
  • increased the current account deficit for March quarter 2012 by $1,022m
  • increased the current account deficit for June quarter 2012 by $403m
  • decreased Australia's net IIP liability as at 30 June 2012 by $18,591m to a liability position of $860,929m.

The full time series for the revisions are available in Table 36, Summary of revisions, from the 'Download' tab of this issue.

Seasonally adjusted and trend series have been revised due to the incorporation of revised estimates, the incorporation of estimates for the latest quarter, the annual seasonal re-analysis and the rederivation of seasonal factors under the concurrent seasonal adjustment methodology. For details on the seasonal re-analysis Annual Seasonal Re-analysis.

Chain volume estimates, implicit price deflators and terms of trade indexes have been revised as a result of the incorporation of revised estimates and seasonal factors, the introduction of a new reference year and the introduction of revised weights for goods credits. For details see New Base Year and Re-referencing of Chain Volume Estimates, Implicit Price Deflators and Terms of Trade Indexes.