Australia - Current Account Balance

Australia: Current Account Balance

Mnemonic	TAB.IAUS
Unit	Mil. AUD, SA
Adjustments	Seasonally Adjusted
	Quarterly	560.56 %
Data	2022 Q2	18,324
	2022 Q1	2,774

Series Information

Source	Australian Bureau of Statistics (ABS)
Release	Balance of Payments
Frequency	Quarterly
Start Date	9/30/1959
End Date	6/30/2022

Australia: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	Sep 2022	12,444	8,664	Mil. AUD, SA	Monthly
Exports of Goods	Sep 2022	60,613	56,626	Mil. AUD, SA	Monthly
Imports of Goods	Sep 2022	-48,169	-47,962	Mil. AUD, SA	Monthly
Current Account Balance	2022 Q2	18,324	2,774	Mil. AUD, SA	Quarterly
Exports of Goods and Services	2022 Q2	172,291	150,221	Mil. AUD, SA	Quarterly
Imports of Goods and Services	2022 Q2	129,207	123,475	Mil. AUD, SA	Quarterly
Real Exports of Goods and Services	2022 Q2	112,473	106,649	Mil. Ch. Jul19-Jun20 AUD, SA	Quarterly
Real Imports of Goods and Services	2022 Q2	110,271	109,516	Mil. Ch. Jul19-Jun20 AUD, SA	Quarterly
Net Exports	2021 Q2	28,902	25,433	Mil. AUD, SA	Quarterly
Real Net Exports	2021 Q2	5,163	10,030	Mil. Ch. Jul18-Jun19 AUD, SA	Quarterly

Release Information

Description

In Australia the Balance of Payments (BOPs) statistics are compiled by the Australian Bureau of Statistics.

Provides detailed quarterly balance of payments tables on current, capital and financial transactions for the latest six quarters, including seasonally adjusted, trend and chain volume measures of the current account. It also provides a complete international investment position statement with details of the level of investment, investment flows and associated income.

Properties

Framework: IMF BPM6
Measurement: Millions of Australian dollars (Mil. AUD)
Adjustments:
- Trend (Trend)
- Seasonally adjusted (NSA)
- Not seasonally adjusted (NSA)
Native frequency: Quarterly
Start date: As early as 1959Q3

Methodology

The compilation of balance of payments and international investment position estimates entails the use of a very wide range of statistical data.

The seasonally adjusted statistics in this publication use the concurrent seasonal adjustment technique and Autoregressive Integrated Moving Average (ARIMA) Modelling to estimate factors for the current and previous quarters.

To enable analysis of the movement of goods and services in ‘real’ terms, estimates of chain volume measures are compiled and published each quarter. Chain volume measures are derived by deflating the original current price series by specially compiled measures of price change. The reference year for chain volume measures is the year prior to the latest complete financial year incorporated in this issue

Revisions

The quarterly current account series are affected to some extent by seasonal influences and it is useful to recognise and take account of this element of variation.