5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2012 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/03/2013   
   Page tools: Print Print Page Print all pages in this productPrint All

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
Graph: Current Account Balance (a), Main aggregates

International Investment
Graph: 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.