MARCH KEY FIGURES
| | | Dec Qtr 2018 | Mar Qtr 2019 | Dec Qtr 2018 to Mar Qtr 2019 |
| | | $m | $m | % change |
|
BALANCE ON CURRENT ACCOUNT | | | |
| Trend estimates | -6 196 | -2 006 | 68 |
| Seasonally adjusted | -6 325 | -2 900 | 54 |
BALANCE ON GOODS AND SERVICES | | | |
| Trend estimates | 9 826 | 13 846 | 41 |
| Seasonally adjusted | 8 841 | 13 594 | 54 |
NET PRIMARY INCOME | | | |
| Trend estimates | -15 604 | -15 384 | 1 |
| Seasonally adjusted | -14 792 | -15 984 | -8 |
LEVELS AT END OF PERIOD | | | |
| International Investment Position | 997 972 | 966 146 | -3 |
| | Net foreign equity | -96 546 | -133 331 | -38 |
| | Net foreign debt | 1 094 519 | 1 099 476 | - |
|
- nil or rounded to zero (including null cells) |
Current Account Balance (a), Main aggregates
| International Investment
|
MARCH KEY POINTS
BALANCE OF PAYMENTS
- The current account deficit, seasonally adjusted, fell $3,425m to $2,900m in the March quarter 2019. The balance on goods and services surplus rose $4,753m to $13,594m. The primary income deficit rose $1,192m to $15,984m.
- In seasonally adjusted chain volume terms, the surplus on goods and services rose $1,069m from $1,527m in the December quarter 2018 to $2,597m in the March quarter 2019. This is expected to contribute 0.2 percentage points to growth in the March quarter 2019 volume measure of GDP.
INTERNATIONAL INVESTMENT POSITION (IIP)
- Australia's net IIP liability position was $966.1b at 31 March 2019, a decrease of $31.8b on the revised 31 December 2018 position of $998.0b. Australia's net foreign debt liability position increased $5.0b to $1,099.5b. Australia's net foreign equity asset position increased $36.8b to $133.3b at 31 March 2019.
NOTES
FORTHCOMING ISSUES
ISSUE (QUARTER) | Release Date |
June 2019 | 3 September 2019 |
September 2019 | 3 December 2019 |
December 2019 | 3 March 2020 |
March 2020 | 2 June 2020 |
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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.