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DECEMBER KEY FIGURES

			Sep Qtr 2015	Dec Qtr 2015	Sep Qtr 2015 to Dec Qtr 2015
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-20 298	-21 593	-6
	Seasonally adjusted		-18 848	-21 106	-12
BALANCE ON GOODS AND SERVICES
	Trend estimates		-9 393	-10 160	-8
	Seasonally adjusted		-7 337	-9 929	-35
NET PRIMARY INCOME
	Trend estimates		-10 293	-10 815	-5
	Seasonally adjusted		-10 895	-10 564	3
LEVELS AT END OF PERIOD
	International Investment Position		924 460	943 647	2
		Net foreign equity	-78 299	-61 920	21
		Net foreign debt	1 002 759	1 005 567	-
- nil or rounded to zero (including null cells)

Current Account Balance (a), Main aggregates

International Investment

• The current account deficit, seasonally adjusted, increased $2,258m (12%) to $21,106m in the December quarter 2015. The deficit on the balance of goods and services increased $2,592m (35%) to $9,929m. The primary income deficit decreased $331m (3%) to $10,564m.
• In seasonally adjusted chain volume terms, the surplus on goods and services increased $19m from $8,491m in the September quarter 2015 to $8,510m in the December quarter 2015. This is expected to contribute 0.0 percentage points to growth in the December quarter 2015 volume measure of GDP.

• Australia's net IIP liability position was $943.6b at 31 December 2015, an increase of $19.2b (2%) on the revised 30 September 2015 position of $924.5b. Australia's net foreign debt liability increased $2.8b to a net liability position of $1,005.6b. Australia's net foreign equity asset decreased $16.4b (21%) to a net asset position of $61.9b at 31 December 2015.