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5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/09/2015   
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JUNE KEY FIGURES

Mar Qtr 2015
Jun Qtr 2015
Mar Qtr 2015 to Jun Qtr 2015
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-14 392
-17 103
-19
Seasonally adjusted
-13 501
-19 033
-41
BALANCE ON GOODS AND SERVICES
Trend estimates
-5 505
-8 046
-46
Seasonally adjusted
-4 781
-9 641
-102
NET PRIMARY INCOME
Trend estimates
-8 413
-8 614
-2
Seasonally adjusted
-8 251
-8 966
-9
LEVELS AT END OF PERIOD
International Investment Position
910 724
905 996
-1
Net foreign equity
-73 381
-70 060
5
Net foreign debt
984 105
976 056
-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 Australian Bureau of Statistics (ABS) has identified and corrected an error in primary income debits. In original terms, this has increased primary income debits by more than $1.0b in the September quarter 2013, March quarter 2014, September quarter 2014 and March quarter 2015.
  • The current account deficit, seasonally adjusted, rose $5,532m (41%) to $19,033m in the June quarter 2015. The deficit on the balance of goods and services rose $4,860m (102%) to $9,641m in the June quarter 2015. The primary income deficit rose $715m (9%) to $8,966m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services fell $2,334m (28%) from $8,321m in the March quarter 2015 to $5,987m in the June quarter 2015. This is expected to detract 0.6 percentage points from growth in the June quarter 2015 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $906.0b at 30 June 2015, a decrease of $4.7b (1%) on the 31 March 2015 position of $910.7b. Australia's net foreign debt liability decreased $8.0b (1%) to a net liability position of $976.1b. Australia's net foreign equity decreased $3.3b (5%) to a net asset position of $70.1b at 30 June 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) RELEASE DATE
September 2015 1 December 2015
December 2015 1 March 2016
March 2016 31 May 2016
June 2016 6 September 2016




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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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