MARCH KEY FIGURES
![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | Dec Qtr 2017 | Mar Qtr 2018 | Dec Qtr 2017 to Mar Qtr 2018 |
![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | $m | $m | % change |
|
BALANCE ON CURRENT ACCOUNT | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) |
![](/icons/ecblank.gif) | Trend estimates | -12 670 | -12 229 | 3 |
![](/icons/ecblank.gif) | Seasonally adjusted | -14 661 | -10 469 | 29 |
BALANCE ON GOODS AND SERVICES | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) |
![](/icons/ecblank.gif) | Trend estimates | 1 102 | 1 796 | 63 |
![](/icons/ecblank.gif) | Seasonally adjusted | -1 022 | 4 083 | (a) . . |
NET PRIMARY INCOME | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) |
![](/icons/ecblank.gif) | Trend estimates | -13 393 | -13 684 | -2 |
![](/icons/ecblank.gif) | Seasonally adjusted | -13 228 | -14 253 | -8 |
LEVELS AT END OF PERIOD | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) |
![](/icons/ecblank.gif) | International Investment Position | 988 633 | 954 554 | -3 |
![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | Net foreign equity | -35 518 | -71 267 | -101 |
![](/icons/ecblank.gif) | ![](/icons/ecblank.gif) | Net foreign debt | 1 024 150 | 1 025 821 | - |
|
- nil or rounded to zero (including null cells)
. . not applicable
(a) See paragraph 17 of the Explanatory Notes. |
Current Account Balance (a), Main aggregates
![Graph: Current Account Balance (a), Main aggregates](/ausstats/abs@.nsf/0/ea853c9134fdfea0ca2582fd0015fcd5/Body/0.2516!OpenElement&FieldElemFormat=gif)
| International Investment
![Graph: International Investment](/ausstats/abs@.nsf/0/ea853c9134fdfea0ca2582fd0015fcd5/Body/0.3376!OpenElement&FieldElemFormat=gif)
|
MARCH KEY POINTS
BALANCE OF PAYMENTS
- The current account deficit, seasonally adjusted, fell $4,192m to $10,469m in the March quarter 2018. There was a turnaround of $5,105m on the balance on goods and services, resulting in a surplus of $4,083m in the March quarter 2018. The primary income deficit rose $1,025m to $14,253m.
- In seasonally adjusted chain volume terms, the deficit on goods and services fell $1,514m from $14,275m in the December quarter 2017 to $12,761m in the March quarter 2018. This is expected to contribute 0.3 percentage points to growth in the March quarter 2018 volume measure of GDP.
INTERNATIONAL INVESTMENT POSITION (IIP)
- Australia's net IIP liability position was $954.6b at 31 March 2018, a decrease of $34.1b on the revised 31 December 2017 position of $988.6b. Australia's net foreign debt liability increased $1.7b to $1,025.8b. Australia's net foreign equity asset position increased $35.7b to $71.3b at 31 March 2018.
NOTES
FORTHCOMING ISSUES
ISSUE (QUARTER) | Release Date |
June 2018 | 4 September 2018 |
September 2018 | 4 December 2018 |
December 2018 | 5 March 2019 |
March 2019 | 4 June 2019 |
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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.