NAME OF COLLECTION
Balance of Payments and International Investment Position
Contact
For balance of payments (BOP) statistics:
Assistant Director
Balance of Payments Section
Australian Bureau of Statistics
Locked Bag 10
BELCONNEN ACT 2616
Telephone: Canberra 02 6252 5336
Facsimile: Canberra 02 6252 7219
Email: client.services@abs.gov.au
Web site: <www.abs.gov.au>
For international investment position (IIP) statistics:
Assistant Director
International Investment Section
Australian Bureau of Statistics
Locked Bag 10
BELCONNEN ACT 2616
Telephone: Canberra 02 6252 5364
Facsimile: Canberra 02 6252 6164
Email: client.services@abs.gov.au
Web site: <www.abs.gov.au>
Purpose
To provide a systematic record of Australia's transactions with the rest of the world, including international transactions in mining services and Australia's stock of foreign financial assets and liabilities.
Description
The scope of BOP and IIP statistics is all resident enterprises in Australia that engage in cross-border activity. The collections provide estimates of Australia's BOP and IIP statistics, including significant detail for its constituent transactions.
The Australian Bureau of Statistics (ABS) conducts a number of surveys of businesses, individuals and organisations with international transactions and uses a variety of administrative by-product records in the compilation of BOP and IIP statistics.
ABS and other collections that are used in estimating the mining-related components of the BOP and IIP statistics include the:
- International Merchandise Trade Statistics Collection which supplies data on a wide range of mining products exported from and imported into Australia (for more details refer to the International Merchandise Trade Statistics entry in this directory);
- Survey of International Trade in Services which collects data on a wide range of services including mining services; and
- Survey of International Investment which collects data on a wide range of financial stocks and transactions, including those of the mining industry.
The International Trade in Services and International Investment surveys are conducted as a sample survey covering all Australian and New Zealand Standard Industrial Classification subdivisions. The Survey of International Trade in Services approaches 2,400 business units from a population of 4,300. The Survey of International Investment approaches 1,100 units from a population of 3,500.
To collect the data, mail questionnaires are used.
Main data detail
Following is a summary of the BOP statistics available:
- current account, includes mining products exported abroad;
- seasonally adjusted and trend estimates for current account aggregates;
- capital account;
- financial account (includes official reserve assets); and
- exchange rates.
Data are available about current account credits and debits for mining services. Mining services covers services rendered at oil and gas fields; drilling, derrick building, repair and dismantling services; and oil and gas well casings cementing services which are incidental to mining prospecting and exploration, and geological surveying.
Please note that royalties for mining processes/technology are covered but not separately available and are included in royalties and licence fees. Subsoil royalties are excluded from the scope of mining services, and any net flows are captured indistinguishably in international investment statistics.
IIP statistics about transactions and end of period levels on foreign assets and liabilities for the Australian mining industry are available.
Geographic coverage
Australia.
Frequency of data availability
Only goods and summary services data are released monthly. BOP and IIP statistics are available quarterly and annually for comprehensive and more detailed data.
Reference period
Quarters ended 31 March, 30 June, 30 September and 31 December.
Historical data
BOP data are available from September quarter 1959; monthly data are available from July 1971. Mining services data are available from 1991-92 onwards.
Foreign liabilities data for the mining industry are available from September quarter 1988, while annual data are available from 1991-92. Foreign assets data for the mining industry are available on an annual basis only, from 1991-92 onwards.
Products and services
Publications
Other
- AusStats - a web based information service purchased by subscription which provides on-line access to the ABS’ standard product range (both free and charged material).
- Dial-a-statistic - telephone 1900 986 400.
- Special data services are available on request.
Example of information available
GOODS CREDITS - AUSTRALIA
| | | 1997-98
$m | 1998-99
$m | 1999-2000
$m |
|
GOODS CREDITS | 88,538 | 85,783 | 97,655 |
| | | | | |
General merchandise | 80,571 | 78,323 | 90,100 |
| | | | | |
Rural goods | | | |
| Meat and meat preparations | 3,731 | 4,008 | 4,467 |
| Cereal grains and cereal preparations | 5,094 | 5,046 | 4,941 |
| Wool and sheepskins | 4,020 | 2,583 | 2,963 |
| Other rural | 9,285 | 10,225 | 11,246 |
| Total rural goods | 22,130 | 21,862 | 23,617 |
| | | | | |
Non-rural goods | | | |
| Metal ores and minerals | 10,835 | 11,037 | 11,760 |
| Coal, coke and briquettes | 9,586 | 9,288 | 8,336 |
| Other mineral fuels | 5,309 | 4,461 | 9,082 |
| Metals (excluding non-monetary gold) | 7,185 | 6,984 | 8,810 |
| Machinery | 7,549 | 6,569 | 7,133 |
| Transport equipment | 3,412 | 3,343 | 4,597 |
| Other manufactures | 9,834 | 10,273 | 11,529 |
| Other non-rural (including sugar) | | | |
| | Sugar, sugar preparations and honey | 4,731 | 4,506 | 5,236 |
| | Other | 1,939 | 1,472 | 1,229 |
| | Total other non-rural | 2,792 | 3,034 | 4,007 |
| Total non-rural goods | 58,441 | 56,461 | 66,483 |
| | | | | |
Goods for processing | 119 | 516 | 1,602 |
| | | | | |
Repairs on goods | 44 | 63 | 54 |
| | | | | |
Goods procured in ports by carriers | 578 | 468 | 735 |
| | | | | |
Non-monetary gold | 7,226 | 6,413 | 5,164 |