5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2013   
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SEPTEMBER KEY FIGURES

Jun Qtr 2013
Sep Qtr 2013
Jun Qtr 2013 to Sep Qtr 2013
$m
$m
% change
BALANCE ON CURRENT ACCOUNT
Trend estimates
-11 762
-11 553
2
Seasonally adjusted
-12 091
-12 710
-5
BALANCE ON GOODS AND SERVICES
Trend estimates
-2 290
-1 743
24
Seasonally adjusted
-2 663
-2 574
3
NET PRIMARY INCOME
Trend estimates
-8 939
-9 294
-4
Seasonally adjusted
-8 913
-9 619
-8
LEVELS AT END OF PERIOD
International Investment Position
812 014
854 866
5
Net foreign equity
19 181
25 804
35
Net foreign debt
792 832
829 062
5

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 $619m (5%) to $12,710m in the September quarter 2013. The deficit on the balance of goods and services fell $89m (3%) to $2,574m. The primary income deficit rose $706m (8%) to $9,619m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services rose $2,867m (51%) from $5,619m in the June quarter 2013 to $8,486m in the September quarter 2013. This is expected to contribute 0.7 percentage points to growth in the September quarter 2013 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $854.9b at 30 September 2013, an increase of $42.9b on 30 June 2013. Australia's net foreign debt liability increased $36.2b to a net liability position of $829.1b. Australia's net foreign equity liability increased $6.6b to a net liability position of $25.8b.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2013 4 March 2014
March 2014 3 June 2014
June 2014 2 September 2014
September 2014 2 December 2014



REVISIONS

Since the last issue of this publication data in original terms have been revised back to December quarter 1959. See Revisions for details.

The following goods and services debits components have been revised since the release of the September 2013 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0):
  • capital goods n.e.s. component of goods debits series, revised in September quarter 2013
  • legal, accounting, management consulting, public relations and other professional services component of services debits, revised in September quarter 2013.

Data in this issue aligns with the data in the September quarter 2013 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 4 December 2013.


CHANGES IN THIS ISSUE
  • Use of International Trade Price Indexes
  • Persons changing residency
  • Withholding taxes
  • New goods debits low value trade adjustment
  • Travel Services
  • Annual seasonal re-analysis
  • 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.


VALUE ADJUSTMENTS

See Value adjustments for details.


RELATED 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.