DECEMBER KEY FIGURES
 | | | Sep Qtr 2012 | Dec Qtr 2012 | Sep Qtr 2012 to Dec Qtr 2012 |
| | | $m | $m | % change |
|
| BALANCE ON CURRENT ACCOUNT | | | |
| Trend estimates | -13 940 | -14 859 | -7 |
| Seasonally adjusted | -15 048 | -14 678 | 2 |
| BALANCE ON GOODS AND SERVICES | | | |
| Trend estimates | -4 679 | -5 727 | -22 |
| Seasonally adjusted | -5 389 | -5 553 | -3 |
| NET PRIMARY INCOME | | | |
| Trend estimates | -8 948 | -8 832 | 1 |
| Seasonally adjusted | -9 347 | -8 829 | 6 |
| LEVELS AT END OF PERIOD | | | |
| International Investment Position | 863 850 | 870 040 | 1 |
| | Net foreign equity | 116 380 | 110 215 | -5 |
| | Net foreign debt | 747 470 | 759 825 | 2 |
|
Current Account Balance (a), Main aggregates
| International Investment
|
DECEMBER KEY POINTS
BALANCE OF PAYMENTS
- The current account deficit, seasonally adjusted, fell $370m (2%) to $14,678m in the December quarter 2012. The deficit on the balance of goods and services rose $164m (3%) to $5,553m. The primary income deficit fell $518m (6%) to $8,829m.
- In seasonally adjusted chain volume terms, the surplus on goods and services rose $2,153m (129%) from $1,663m in the September quarter 2012 to $3,816m in the December quarter 2012. This is expected to contribute 0.6 percentage points to growth in the December quarter 2012 volume measure of GDP.
INTERNATIONAL INVESTMENT POSITION (IIP)
- Australia's net IIP liability position was $870.0b at 31 December 2012, an increase of $6.2b on 30 September 2012. Australia's net foreign equity liability decreased $6.2b to a liability position of $110.2b. Australia's net foreign debt liability increased $12.4b to a liability position of $759.8b.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| March 2013 | 4 June 2013 |
| June 2013 | 3 September 2013 |
| September 2013 | 3 December 2013 |
| December 2013 | 4 March 2014 |
REVISIONS
The following goods and services debits components have been revised since the release of the December 2012 issue of
International Trade in Goods and Services, Australia (cat. no. 5368.0):
- capital goods n.e.s. component of goods debits series, revised back to March quarter 2012
- civil aircraft and confidentialised items component of goods debits series, revised for the December quarter 2012
- industrial transport equipment n.e.s. component of goods debits series, revised for the December quarter 2012
- legal, accounting, management consulting, public relations and other professional services component of services debits, revised for the December quarter 2012
- architectural, engineering and other technical services component of services debits, revised back to September quarter 2012.
Data in this issue aligns with the data in the December quarter 2012 issue of
Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 6 March 2013.
See
Revisions for details
VALUE ADJUSTMENTS
See
Value adjustments for details
INQUIRIES
For further information contact Val Tot on Canberra (02) 6252 5540 for balance of payments estimates, and Charles Kauye on Canberra (02) 6252 5541 for international investment estimates.
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