5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2017   
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JUNE KEY FIGURES

Mar Qtr 2017
Jun Qtr 2017
Mar Qtr 2017 to Jun Qtr 2017
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-5 373
-5 623
-5
Seasonally adjusted
-4 754
-9 562
-101
BALANCE ON GOODS AND SERVICES
Trend estimates
6 087
7 139
17
Seasonally adjusted
7 403
3 070
-59
NET PRIMARY INCOME
Trend estimates
-10 991
-12 283
-12
Seasonally adjusted
-11 660
-12 159
-4
LEVELS AT END OF PERIOD
International Investment Position
1 024 619
1 000 264
-2
Net foreign equity
12 854
9 665
-25
Net foreign debt
1 011 765
990 599
-2


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 $4,808m to $9,562m in the June quarter 2017. There was a fall of $4,333m on the balance on goods and services, resulting in a surplus of $3,070m in the June quarter 2017. The primary income deficit rose $499m to $12,159m.
  • In seasonally adjusted chain volume terms, the deficit on goods and services fell $1,363m from $1,559m in the March quarter 2017 to $196m in the June quarter 2017. This is expected to contribute 0.3 percentage points to growth in the June quarter 2017 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $1,000.3b at 30 June 2017, a decrease of $24.4b (2%) on the revised 31 March 2017 position of $1,024.6b. Australia's net foreign debt liability decreased $21.2b (2%) to $990.6b. Australia's net foreign equity liability decreased $3.2b (25%) to $9.7b at 30 June 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2017 5 December 2017
December 2017 6 March 2018
March 2018 5 June 2018
June 2018 4 September 2018



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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.