5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/12/2014   
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SEPTEMBER KEY FIGURES

Jun Qtr 2014
Sep Qtr 2014
Jun Qtr 2014 to Sep Qtr 2014
$m
$m
% change
BALANCE ON CURRENT ACCOUNT
Trend estimates
-11 730
-13 043
-11
Seasonally adjusted
-13 948
-12 525
10
BALANCE ON GOODS AND SERVICES
Trend estimates
-2 367
-4 539
-92
Seasonally adjusted
-4 567
-4 381
4
NET PRIMARY INCOME
Trend estimates
-8 822
-7 972
10
Seasonally adjusted
-8 845
-7 606
14
LEVELS AT END OF PERIOD
International Investment Position
865 880
875 254
1
Net foreign equity
1 685
-7 617
(a). .
Net foreign debt
864 194
882 871
2
. . not applicable
(a) See paragraph 5 of the Explanatory Notes.

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, fell $1,423m (10%) to $12,525m in the September quarter 2014. The deficit on the balance of goods and services fell $186m (4%) to $4,381m in the September quarter 2014. The primary income deficit fell $1,239m (14%) to $7,606m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services rose $3,021m (193%) from $1,565m in the June quarter 2014 to $4,586m in the September quarter 2014. This is expected to contribute 0.8 percentage points to growth in the September quarter 2014 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $875.3b at 30 September 2014, an increase of $9.4b (1%) on the liability position at 30 June 2014. Australia's net foreign debt liability increased $18.7b (2%) to a net liability position of $882.9b. Australia's net foreign equity had a turnaround of $9.3b, resulting in a net asset position of $7.6b at 30 September 2014.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2014 3 March 2015
March 2015 2 June 2015
June 2015 1 September 2015
September 2015 1 December 2015



REVISIONS

Since the last issue of this publication data in original terms have been revised back to September quarter 2010. See the Revisions section for details.

The following goods and services debits components have been revised since the release of the September 2014 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0):
  • capital goods n.e.s. component of goods debits, revised in September quarter 2014
  • legal, accounting, management consulting, public relations and other professional services component of services debits, revised in September quarter 2014
  • architectural, engineering and other technical services of services debits, revised in September quarter 2014.

Data in this issue aligns with the data in the September quarter 2014 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 3 December 2014.


CHANGES IN THIS AND FORTHCOMING ISSUES

See the Changes in this and forthcoming issues section for details.


VALUE ADJUSTMENTS

See the Value adjustments section for details.


RELATED RELEASES

See the Related releases section for details.


PRIVACY

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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 6252 5540 for balance of payments estimates, and International Investment on Canberra (02) 6252 5541 for international investment estimates.