5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2015 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/09/2015   
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FEATURE ARTICLE: OUTCOMES OF THE REVIEW OF INTERNATIONAL ACCOUNTS STATISTICAL OUTPUTS

INTRODUCTION

The Australian Bureau of Statistics (ABS) announced it was undertaking a review of International Accounts statistical outputs in the March quarter 2015 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) and monthly releases of International Trade in Goods and Services, Australia (cat. no. 5368.0) between April and June 2015. The ABS has moved over the years to increase the range and extent of detail provided and the review focused on strategies to reshape Australia’s International Accounts statistics to ensure they remain relevant for users now and into the future. The ABS received a number of submissions from stakeholders which have assisted us to update the international accounts statistics.


CURRENT STATISTICAL OUTPUT

The ABS currently produces the following publications:



OUTPUT REVIEW OUTCOMES

Based on our analysis of the range of statistics and reflecting on stakeholder submissions, the ABS is making changes to the International Accounts outputs to ensure we are producing the most relevant and useful data to inform users about Australia’s interactions with the rest of the world.
A high priority expressed throughout the stakeholder submissions was the need to improve the timeliness of the International Trade in Services survey. Currently this survey is not available until after the quarterly balance of payments statistics has been published. ABS models these data using indicators for the current quarter and replaces the modelled data when actual survey data become available. The ABS will continue to explore options to improve the timeliness of collection for these data.


FURTHER INFORMATION

The ABS would like to thank all those who contributed to the review. For further information regarding the changes presented please contact the International Accounts Director on Canberra (02) 6252 7988 or email balance.of.payments@abs.gov.au.


APPENDIX 1

BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION, AUSTRALIA (CAT. NO. 5302.0) TABLE RATIONALISATION

5302.0 Time Series SpreadsheetsTable Rationalisation

TABLE 1. Balance of Payments, Summary: Original - QuarterRetain
TABLE 2. International Investment Position: by Net Foreign Equity and Net Foreign Debt - QuarterRetain
TABLE 3. Foreign Assets: by Equity and Debt - QuarterCombined with table 4
Table 4. Foreign Liabilities: by Equity and Debt - QuarterCombined with table 3
Table 5. Current Account Transactions: Seasonally Adjusted and Trend Estimates - QuarterRetain
Table 6. Goods and Services: Chain Volume Measures and Indexes - QuarterRetain
Table 7. Goods Credits: Original - QuarterCombined Goods Credit tables 7, 9, 11 and 13
Table 8. Goods Debits: Original - QuarterCombined Goods Debits tables 8, 10, 12 and 14
Table 9. Goods Credits: Seasonally Adjusted - QuarterCombined Goods Credit tables 7, 9, 11 and 13
Table 10. Goods Debits: Seasonally Adjusted - QuarterCombined Goods Debits tables 8, 10, 12 and 14
Table 11. Goods Credits, Chain Volume Measures: Seasonally Adjusted - QuarterCombined Goods Credit tables 7, 9, 11 and 13
Table 12. Goods Debits, Chain Volume Measures: Seasonally Adjusted - QuarterCombined Goods Debits tables 8, 10, 12 and 14
Table 13. Goods Credits, Implicit Price Deflators: Seasonally Adjusted - QuarterCombine Goods Credit tables 7, 9, 11 and 13
Table 14. Goods Debits, Implicit Price Deflators: Seasonally Adjusted - QuarterCombined Goods Debits tables 8, 10, 12 and 14
Table 15. Services Credits: Original - QuarterCombined Services Credits tables 15, part 17, 18
Table 16. Services Debits: Original - QuarterCombined Services Credits tables 16, part 17, 19
Table 17. Services, Summary: Seasonally Adjusted Trend Estimates - QuarterCombined Services Credits tables 16, part 17, 19
Table 18. Services Credits, Chain Volume Measures and Indexes: Original and Seasonally Adjusted - QuarterCombined Services Credits tables 15, part 17, 18
Table 19. Services Debits, Chain Volume Measures and Indexes: Original and Seasonally Adjusted - QuarterCombined Services Credits tables 16, part 17, 19
Table 20. Primary Income Credits: Original - QuarterCombined table 20, part 22 and part 23
Table 21. Primary Income Debits: Original - QuarterCombined table 20, part 22 and part 23
Table 22. Primary Income: Seasonally Adjusted and Trend Estimates - QuarterCombined table 20/21, part 22 and part 23
Table 23. Secondary Income: Original - QuarterCombined table 20/21, part 22 and part 23
Table 24. Capital Account: Original - QuarterRetain
Table 25. Financial Account - QuarterRetain
Table 26. International Investment: Foreign Assets - QuarterRetain
Table 27. International Investment: Foreign Liabilities - QuarterRetain
Table 28. International Investment: Levels of Foreign Assets - QuarterDiscontinue
Table 29. International Investment: Levels of Foreign Liabilities - QuarterDiscontinue
Table 30. Foreign Debt Levels - QuarterRetain
Table 31. Gross External Debt Liabilities: Levels - QuarterRetain
Table 32. Currency and Residual Maturity of Foreign Debt - QuarterRetain
Table 33. Exchange Rates - QuarterRetain
Table 34. Foreign Assets and Liabilities by Industry - QuarterRetain
Table 35. Selected International Accounts Ratios: Seasonally Adjusted - Quarter Retain
Table 36. Summary of Revisions - QuarterRetain
Table 39. International Investment Position: Historical Summary - QuarterRetain
Table 51. Balance of Payments, Summary: Original - Financial YearRetain
Table 52. International Investment Position by Net Foreign Equity and Net Foreign Debt - Financial YearDiscontinue
Table 53. International Investment Position by Foreign Assets by Equity and Debt - Financial YearDiscontinue
Table 54. International Investment Position by Foreign Liabilities by Equity and Debt - Financial YearDiscontinue
Table 56. Goods and Services: Chain Volume Measures and Indexes: Original - Financial YearDiscontinue
Table 57. Goods Credits: Original - Financial YearDiscontinue
Table 58. Goods Debits: Original - Financial YearDiscontinue
Table 63. Goods Credits: Implicit Price Deflators - Financial YearDiscontinue
Table 64. Goods Debits: Implicit Price Deflators - Financial YearDiscontinue
Table 65. Services Credits: Original - Financial YearDiscontinue
Table 66. Services Debits: Original - Financial YearDiscontinue
Table 68. Services Credits: Chain Volume Measures and Implicit Price Deflators - Financial YearDiscontinue
Table 69. Services Debits: Chain Volume Measures and Implicit Price Deflators - Financial YearDiscontinue
Table 70. Primary Income Credits: Original - Financial YearDiscontinue
Table 71. Primary Income Debits: Original - Financial YearDiscontinue
Table 73. Secondary Income: Original - Financial YearDiscontinue
Table 74. Capital Account: Original - Financial YearDiscontinue
Table 75. Financial Account - Financial YearDiscontinue
Table 76. International Investment: Foreign Assets - Financial YearDiscontinue
Table 77. International Investment: Foreign Liabilities - Financial YearDiscontinue
Table 78. International Investment: Levels of Foreign Assets - Financial YearDiscontinue
Table 79. International Investment: Levels of Foreign Liabilities - Financial YearDiscontinue
Table 80. International Investment: Foreign Debt Levels At End of Period - Financial YearDiscontinue
Table 81. International Investment: Gross External Debt Liabilities - Financial YearDiscontinue
Table 83. Exchange Rates - Financial YearDiscontinue
Table 84. International Investment: Foreign Assets and Liabilities by Industry - Financial YearDiscontinue
Table 85. Selected International Accounts Ratios: Original - Financial Year Discontinue
Table 96. Quarterly Combined Current Price Seasonal Adjustment FactorsRetain
Table 101. Merchandise Exports by SITC Division on a Balance of Payments Basis, Chain Volume Measures - QuarterCombine tables 101, 102 and 103
Table 102. Merchandise Exports by SITC Division on a Balance of Payments Basis, Implicit Price Deflators - QuarterCombine tables 101, 102 and 103
Table 103. Merchandise Exports by SITC Division and Section on an International Merchandise Trade Basis, Chain Volume Measures - QuarterDiscontinue
Table 104. Merchandise Exports by SITC Division and Section on an International Merchandise Trade Basis, Implicit Price Deflator - QuarterDiscontinue
Table 105. Merchandise Imports by Balance of Payments Broad Economic Category on a Balance of Payments Basis, Chain Volume Measures - QuarterCombine tables 105 and 106
Table 106. Merchandise Imports by Balance of Payments Broad Economic Category on a Balance of Payments Basis, Implicit Price Deflators - QuarterCombine tables 105 and 106
Table 107. Merchandise Imports by SITC Division and Sections on an International Merchandise Trade Basis, Chain Volume Measures - QuarterDiscontinue
Table 108. Merchandise Imports by SITC Division and Sections on an International Merchandise Trade Basis, Implicit Price Deflators - QuarterDiscontinue
Table 109. Selected Services Credits and Debits, Chain Volume Measures - QuarterDiscontinue additional detail will be included in tables 18 and 19
Table 110. Selected Services Credits and Debits, Implicit Price Deflators - QuarterDiscontinue additional detail will be included in tables 18 and 19
Table 112. Goods and Services: Implicit Price Deflators - Original (Index) - QuarterDiscontinue additional detail will be included in tables 18 and 19
Table 113a. International Merchandise Exports by State and Australia on an International Merchandise Trade Basis, FOB Value, Current Prices - QuarterDiscontinue
Table 113b. International Merchandise Imports by State and Australia on an International Merchandise Trade Basis, Customs Value, Current Prices - QuarterDiscontinue
Table 114a. International Merchandise Exports by State and Australia on an International Merchandise Trade Basis, FOB Value, Chain Volume Measures - Quarter Discontinue
Table 114b. International Merchandise Imports by State and Australia on an International Merchandise Trade Basis, Customs Value, Chain Volume Measures - QuarterDiscontinue
Table 117. International Investment: Foreign Assets, by Direction and Type of Investment - QuarterRetain
Table 118. International Investment: Foreign Liabilities, by Direction and Type of Investment - QuarterRetain
Table 119. International Investment: Foreign Debt Transactions - QuarterRetain
Table 120. International Investment: Interest Income on Foreign Debt - QuarterRetain
Table 214. Goods Credits, Chain Volume Measures: Original - Financial YearDiscontinue
Table 215. Goods Debits, Chain Volume Measures: Original - Financial YearDiscontinue
Table 216. Services Credits and Debits, Current Prices and Chain Volume Measures: Original - Financial YearDiscontinue
Table 217. International Investment: Foreign Assets, by Direction and Type of Investment - Financial YearDiscontinue
Table 218. International Investment: Foreign Liabilities, by Direction and Type of Investment - Financial YearDiscontinue
Table 219. International Investment: Foreign Debt Transactions - Financial YearDiscontinue
Table 220. International Investment: Interest Income on Foreign Debt - Financial YearDiscontinue
New Table. Exports by State and Australia on a Balance of Payments Basis - QuarterNew
New Table. Imports by State and Australia on a Balance of Payments Basis - QuarterNew



APPENDIX 2

BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION, AUSTRALIA (CAT. NO. 5302.0) TABLE MOCK UP

5302.0 Time Series SpreadsheetsTable Mock Up

Table 1. Balance of Payments: SummaryRetained
Table 2. International Investment Position: by Net Foreign Equity and Net Foreign DebtRetained
Table 3. Foreign Assets and Liabilities: by Equity and Debt Combined tables 3 and 4
Table 4. Current Account Transactions: Seasonally Adjusted and Trend Estimates Retained
Table 5. Goods and Services: Chain Volume Measures and Indexes Retained
Table 6. Goods Credits Combined Goods Credit tables 7, 9, 11 and 13
Table 7. Goods DebitsCombined Goods Debits tables 8, 10, 12 and 14
Table 8. Services Credits Combined Services Credits tables 15, part 17, 18
Table 9. Services Debits Combined Services Credits tables 16, part 17, 19
Table 10. Income Credits Combined tables 20, part 22 and part 23
Table 11. Income Debits Combined tables 21, part 22 and part 23
Table 12. Capital AccountRetained
Table 13. Financial AccountRetained
Table 14. International Investment: Foreign Assets Retained
Table 15. International Investment: Foreign Liabilities Retained
Table 16. Foreign Debt Combined tables 30, 119 and 120
Table 17. Gross External Debt Liabilities Retained
Table 18. Currency and Residual Maturity of Foreign DebtModified for additional currencies
Table 19. Exchange RatesRetained
Table 20. Industry by Foreign Assets and Liabilities Retained
Table 21. Exports by State on a Balance of Payments Basis New
Table 22. Imports by State on a Balance of Payments Basis New
Table 23. Selected International Accounts RatiosRetained
Table 24. Current Price Seasonal Adjustment FactorsRetained
Table 25. Exports by SITC Division on a Balance of Payments BasisCombine tables 101, 102 and 103
Table 26. Imports by Broad Economic Category on a Balance of Payments BasisCombine tables 105 and 106
Table 27. International Investment: Direction PrincipleCombine tables 117 and 118
Table 28. Summary of Revisions Retained
Table 29. International Investment Position: Historical Summary Retained
Table 30. Balance of Payments, Summary: Original - Financial YearRetained



APPENDIX 3

INTERNATIONAL TRADE IN GOODS AND SERVICES, AUSTRALIA (CAT. NO. 5368.0) TABLE RATIONALISATION

5368.0 Time Series SpreadsheetsTable Rationalisation

Table 1. Goods and Services, Summary: Seasonally Adjusted and Trend Estimates, Current PricesRetain
Table 2. Goods and Services, Summary: Original, Current PricesRetain
Table 3. Goods Credits, Original, Current PricesRetain
Table 4. Goods Debits, Original, Current PricesRetain
Table 5. Goods Credits, Seasonally Adjusted, Current PricesRetain
Table 6. Goods Debits, Seasonally Adjusted, Current PricesRetain
Table 7. Goods Credits, Trend Estimates, Current PricesRetain
Table 8. Goods Debits, Trend Estimates, Current PricesRetain
Table 9. Services, Summary: Original, Current PricesRetain
Table 10. Services, Summary: Seasonally Adjusted and Trend Estimates, Current PricesRetain
Table 11a. Services Credits, Original, Current Prices - QuarterlyRetain
Table 11b. Services Debits, Original, Current Prices - QuarterlyRetain
Table 12a. Merchandise Exports, Standard International Trade Classification (1 and 2 Digit), FOB ValueRetain
Table 12b. Merchandise Exports, Standard International Trade Classification (3 Digit), FOB ValueRetain
Table 13a. Merchandise Imports, Standard International Trade Classification (1 and 2 Digit), Customs ValueRetain
Table 13b. Merchandise Imports, Standard International Trade Classification (3 Digit), Customs ValueRetain
Table 14a. Merchandise Exports, Country and Country Groups, FOB ValueRetain
Table 14b. Merchandise Imports, Country and Country Groups, Customs ValueRetain
Table 15a. Merchandise Exports, State and Australia, FOB ValueRetain
Table 15b. Merchandise Imports, State and Australia, Customs ValueRetain
Table 16. Period Average Exchange Rates, Units of Foreign Currency Per Australian DollarRetain
Table 17. Summary of Revisions, Goods and Services - OriginalNew
Table 18. Balance of Payments Broad Economic Categories (Detailed Level), by Country, Latest 7 Months, Customs Value, ($million)New
Table 19. Balance of Payments Broad Economic Categories (1 and 2 Digit), by Country, Latest 7 Months, Customs Value ($million) New
Table 31. Merchandise Exports, Broad Economic Category, FOB ValueRetain
Table 32a. Merchandise Exports, Industry (ANZSIC 2006), FOB ValueRetain
Table 32b. Merchandise Exports, Industry (ANZSIC 1993), FOB ValueRetain
Table 33. Merchandise Imports, Broad Economic Category, Customs ValueRetain
Table 34. Merchandise Imports, Balance of Payments Broad Economic Category, Customs ValueRetain
Table 35a. Merchandise Imports, Industry (ANZSIC 2006), Customs ValueRetain
Table 35b. Merchandise Imports, Industry (ANZSIC 1993), Customs ValueRetain
Table 36a. Merchandise Exports, State of Origin New South Wales, by Country and Country Groups, FOB ValueRetain
Table 36b. Merchandise Exports, State of Origin Victoria, By Country and Country Groups, FOB ValueRetain
Table 36c. Merchandise Exports, State of Origin Queensland, by Country and Country Groups, FOB ValueRetain
Table 36d. Merchandise Exports, State of Origin South Australia, by Country and Country Groups, FOB ValueRetain
Table 36e. Merchandise Exports, State of Origin Western Australia, by Country and Country Groups, FOB ValueRetain
Table 36f. Merchandise Exports, State of Origin Tasmania, by Country and Country Groups, FOB ValueRetain
Table 36g. Merchandise Exports, State of Origin Northern Territory, by Country and Country Groups, FOB ValueRetain
Table 36h. Merchandise Exports, State of Origin Australian Capital Territory, by Country and Country Groups, FOB ValueRetain
Table 36i. Merchandise Exports, State of Origin Not Available, by Country and Country Groups, FOB ValueRetain
Table 36j. Merchandise Exports, Re-Exports, by Country and Country Groups, FOB ValueRetain
Table 37a. Merchandise Imports, State of Destination New South Wales, by Country and Country Groups, Customs ValueRetain
Table 37b. Merchandise Imports, State of Destination Victoria, by Country and Country Groups, Customs ValueRetain
Table 37c. Merchandise Imports, State of Destination Queensland, by Country and Country Groups, Customs ValueRetain
Table 37d. Merchandise Imports, State of Destination South Australia, by Country and Country Groups, Customs ValueRetain
Table 37e. Merchandise Imports, State of Destination Western Australia, by Country and Country Groups, Customs ValueRetain
Table 37f. Merchandise Imports, State of Destination Tasmania, by Country and Country Groups, Customs ValueRetain
Table 37g. Merchandise Imports, State of Destination Northern Territory, by Country and Country Groups, Customs ValueRetain
Table 37h. Merchandise Imports, State of Destination Australian Capital Territory, by Country and Country Groups, Customs ValueRetain
Table 37i. Merchandise Imports, State of Destination Not Available, by Country and Country Groups, Customs ValueRetain
Table 91. Monthly Combined Seasonal Adjustment FactorsRetain


APPENDIX 4A

INTERNATIONAL TRADE IN SERVICES BY COUNTRY, BY STATE AND BY DETAILED SERVICES CATEGORY, FINANCIAL YEAR (CAT. NO. 5368.0.55.003) TABLE RATIONALISATION

5368.0.55.003 Time Series SpreadsheetsTable Rationalisation

Table 1. International Trade in Services, Credits, State by Financial Year, $m Retain
Table 2. International Trade in Services, Credits, Financial Year by State, $m Discontinue
Table 3. International Trade in Services, Debits, State by Financial Year, $m Retain
Table 4. International Trade in Services, Debits, Financial Year by State, $m Discontinue
Table 5. International Trade in Services, Credits, Financial Year by Country and Service, $mRetain
Table 6. International Trade in Services, Credits, Service by Financial Year and by Country, $m Discontinue
Table 7. International Trade in Services, Debits, Financial Year by Country and Service, $m Retain
Table 8. International Trade in Services, Debits, Service by Financial Year and by Country, $m Discontinue
Table 9. International Trade in Services, Credits, Financial Year by Country and Travel Service, $m Retain
Table 10. International Trade in Services, Debits, Financial Year by Country and Travel Service, $m Retain
Table 11. International Trade in Services, Credits, Education Related Travel, by Education Sector, by Type of Expenditure by Financial Year, $mRetain



APPENDIX 4B

INTERNATIONAL TRADE IN SERVICES BY COUNTRY, BY STATE AND BY DETAILED SERVICES CATEGORY, CALENDAR YEAR (CAT. NO. 5368.0.55.004) TABLE RATIONALISATION

5368.0.55.004 Time Series SpreadsheetsTable Rationalisation

Table 1. International Trade in Services, Credits, State by Calendar Year, $m Retain
Table 2. International Trade in Services, Credits, Calendar Year by State, $m Discontinue
Table 3. International Trade in Services, Debits, State by Calendar Year, $m Retain
Table 4. International Trade in Services, Debits, Calendar Year by State, $m Discontinue
Table 5. International Trade in Services, Credits, Calendar Year by Country and Service, $mRetain
Table 6. International Trade in Services, Credits, Service by Calendar Year and by Country, $m Discontinue
Table 7. International Trade in Services, Debits, Calendar Year by Country and Service, $m Retain
Table 8. International Trade in Services, Debits, Service by Calendar Year and by Country, $m Discontinue
Table 9. International Trade in Services, Credits, Calendar Year by Country and Travel Service, $m Retain
Table 10. International Trade in Services, Debits, Calendar Year by Country and Travel Service, $m Retain
Table 11. International Trade in Services, Credits, Education Related Travel, by Education Sector, by Type of Expenditure by Calendar Year, $mRetain



APPENDIX 5A

INTERNATIONAL TRADE: SUPPLEMENTARY INFORMATION, FINANCIAL YEAR (CAT. NO. 5368.0.55.003) TABLE MOCK UP

5368.0.55.003 Time Series SpreadsheetsTable Mock Up

Table 1. Merchandise Exports for Selected Countries, $mNew
Table 2. Merchandise Imports for Selected Countries, $m New
Table 3. International Trade in Services, Credits, State by Financial Year, $mRetain
Table 4. International Trade in Services, Debits, State by Financial Year, $mRetain
Table 5. International Trade in Services, Credits, Financial Year by Country and Service, $mRetain
Table 6. International Trade in Services, Debits, Financial Year by Country and Service, $m Retain
Table 7. International Trade in Services, Credits, Financial Year by Country and Travel Service, $mRetain
Table 8. International Trade in Services, Debits, Financial Year by Country and Travel Service, $mRetain
Table 9. International Trade in Services, Credits, Education Related Travel, by Education Sector, by Type of Expenditure by Financial Year, $mRetain



APPENDIX 5B

INTERNATIONAL TRADE: SUPPLEMENTARY INFORMATION, CALENDAR YEAR (CAT. NO. 5368.0.55.004) TABLE MOCK UP

53068.0.55.004 Time Series SpreadsheetsTable Mock Up

Table 1. Merchandise Exports for Selected Countries, $mNew
Table 2. Merchandise Imports for Selected Countries, $mNew
Table 3. International Trade in Services, Credits, State by Calendar Year, $mRetain
Table 4. International Trade in Services, Debits, State by Calendar Year, $mRetain
Table 5. International Trade in Services, Credits, Calendar Year by Country and Service, $mRetain
Table 6. International Trade in Services, Debits, Calendar Year by Country and Service, $mRetain
Table 7. International Trade in Services, Credits, Calendar Year by Country and Travel Service, $mRetain
Table 8. International Trade in Services, Debits, Calendar Year by Country and Travel Service, $m Retain
Table 9. International Trade in Services, Credits, Education Related Travel, by Education Sector, by Type of Expenditure by Calendar Year, $mRetain