DECEMBER KEY FIGURES
| | | Sep Qtr 2018 | Dec Qtr 2018 | Sep Qtr 2018 to Dec Qtr 2018 |
| | | $m | $m | % change |
|
BALANCE ON CURRENT ACCOUNT | | | |
| Trend estimates | -9 986 | -8 405 | 16 |
| Seasonally adjusted | -10 785 | -7 203 | 33 |
BALANCE ON GOODS AND SERVICES | | | |
| Trend estimates | 6 077 | 7 589 | 25 |
| Seasonally adjusted | 5 764 | 8 425 | 46 |
NET PRIMARY INCOME | | | |
| Trend estimates | -15 756 | -15 662 | 1 |
| Seasonally adjusted | -16 166 | -15 318 | 5 |
LEVELS AT END OF PERIOD | | | |
| International Investment Position | 939 144 | 975 650 | 4 |
| | Net foreign equity | -108 319 | -107 225 | 1 |
| | Net foreign debt | 1 047 463 | 1 082 875 | 3 |
|
Current Account Balance (a), Main aggregates
| International Investment
|
DECEMBER KEY POINTS
BALANCE OF PAYMENTS
- The current account deficit, seasonally adjusted, fell $3,582m to $7,203m in the December quarter 2018. The balance on goods and services surplus rose $2,661m to $8,425m. The primary income deficit fell $848m to $15,318m.
- In seasonally adjusted chain volume terms, the surplus on goods and services fell $781m from $2,022m in the September quarter 2018 to $1,241m in the December quarter 2018. This is expected to detract 0.2 percentage points from growth in the December quarter 2018 volume measure of GDP.
INTERNATIONAL INVESTMENT POSITION (IIP)
- Australia's net IIP liability position was $975.7b at 31 December 2018, an increase of $36.5b on the revised 30 September 2018 position of $939.1b. Australia's net foreign debt liability position increased $35.4b to $1,082.9b. Australia's net foreign equity asset position decreased $1.1b to $107.2b at 31 December 2018.
NOTES
FORTHCOMING ISSUES
ISSUE (QUARTER) | Release Date |
March 2019 | 4 June 2019 |
June 2019 | 3 September 2019 |
September 2019 | 3 December 2019 |
December 2019 | 3 March 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.