5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2018   
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SEPTEMBER KEY FIGURES

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

BALANCE ON CURRENT ACCOUNT
Trend estimates
-11 425
-10 170
11
Seasonally adjusted
-12 056
-10 688
11
BALANCE ON GOODS AND SERVICES
Trend estimates
4 617
6 625
43
Seasonally adjusted
3 903
6 607
69
NET PRIMARY INCOME
Trend estimates
-15 785
-16 503
-5
Seasonally adjusted
-15 749
-16 911
-7
LEVELS AT END OF PERIOD
International Investment Position
957 490
940 173
-2
Net foreign equity
-73 969
-103 859
-40
Net foreign debt
1 031 459
1 044 032
1

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

International Investment
Graph: International Investment



SEPTEMBER KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, fell $1,368m to $10,688m in the September quarter 2018. The balance on goods and services surplus rose $2,704m to $6,607m. The primary income deficit rose $1,162m to $16,911m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services rose $1,603m from $1,250m in the June quarter 2018 to $2,853m in the September quarter 2018. This is expected to contribute 0.4 percentage points to growth in the September quarter 2018 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $940.2b at 30 September 2018, a decrease of $17.3b on the revised 30 June 2018 position of $957.5b. Australia's net foreign equity asset position increased $29.9b to $103.9b at 30 September 2018. Australia's net foreign debt liability position increased $12.6b to $1,044.0b.


NOTES

FORTHCOMING ISSUES

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


PRIVACY

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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.