5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2012 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2012   
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SEPTEMBER KEY FIGURES

Jun Qtr 2012
Sep Qtr 2012
Jun Qtr 2012 to Sep Qtr 2012
$m
$m
% change
BALANCE ON CURRENT ACCOUNT
Trend estimates
-13 942
-14 466
-4
Seasonally adjusted
-12 369
-14 900
-20
BALANCE ON GOODS AND SERVICES
Trend estimates
-3 286
-4 335
-32
Seasonally adjusted
-2 114
-4 645
-120
NET PRIMARY INCOME
Trend estimates
-10 406
-9 922
5
Seasonally adjusted
-10 057
-10 023
-
LEVELS AT END OF PERIOD
International Investment Position
860 929
869 632
1
Net foreign equity
109 959
120 977
10
Net foreign debt
750 969
748 654
-
- nil or rounded to zero (including null cells)

Current Account Balance (a), Main aggregates
Graph: Current Account Balance (a), Main aggregates

International Investment
Graph: International Investment




SEPTEMBER KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, rose $2,531m (20%) to $14,900m in the September quarter 2012. The deficit on the balance of goods and services rose $2,531m (120%) to $4,645m. The primary income deficit fell $34m to $10,023m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services rose $490m (51%) from $964m in the June quarter 2012 to $1,454m in the September quarter 2012. This is expected to contribute 0.1 percentage points to growth in the September quarter 2012 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $869.6b at 30 September 2012, an increase of $8.7b on 30 June 2012. Australia's net foreign equity liability increased $11.0b to a liability position of $121.0b. Australia's net foreign debt liability decreased $2.3b to a liability position of $748.7b.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2012 5 March 2013
March 2013 4 June 2013
June 2013 3 September 2013
September 2013 3 December 2013



REVISIONS

Since the last issue of this publication data in original terms have been revised back to September quarter 2008. See Revisions for details.

The following goods and services debits components have been revised since the release of the September 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 June quarter 2012
  • legal, accounting, management consulting, public relations and other professional services component of services debits, revised for the September quarter 2012
  • architectural, engineering and other technical services component of services debits, revised back to June quarter 2012.

Data in this issue aligns with the data in the September quarter 2012 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 5 December 2012.


CHANGES IN THIS ISSUE

Changes in this issue:
  • Annual seasonal re-analysis
  • New base year and re-referencing of chain volume estimates, implicit price deflators and terms of trade indexes
  • Selected international accounts ratios - table 35 (time series spreadsheets tables 35 and 85).

See Changes in this issue for details


COMMODITY VALUE ADJUSTMENTS

See Commodity value adjustments for details


RELATED RELEASES

For related recent and upcoming releases. See Related releases 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.