Australia - Current Account Balance

Australia: Current Account Balance

Mnemonic TAB.IAUS
Unit Mil. AUD, SA
Adjustments Seasonally Adjusted
Quarterly 1774.37 %
Data 2022 Q4 14,114
2022 Q3 753

Series Information

Source Australian Bureau of Statistics (ABS)
Release Balance of Payments
Frequency Quarterly
Start Date 9/30/1959
End Date 12/31/2022

Australia: Trade

Reference Last Previous Units Frequency
Balance of Goods Jan 2023 11,688 12,985 Mil. AUD, SA Monthly
Exports of Goods Jan 2023 58,847 58,063 Mil. AUD, SA Monthly
Imports of Goods Jan 2023 -47,160 -45,078 Mil. AUD, SA Monthly
Current Account Balance 2022 Q4 14,114 753 Mil. AUD, SA Quarterly
Exports of Goods and Services 2022 Q4 177,052 171,967 Mil. AUD, SA Quarterly
Imports of Goods and Services 2022 Q4 136,148 140,514 Mil. AUD, SA Quarterly
Net Exports 2022 Q4 40,904 31,453 Mil. AUD, SA Quarterly
Real Exports of Goods and Services 2022 Q4 122,367 121,043 Mil. Ch. FY 2021 AUD, SA Quarterly
Real Imports of Goods and Services 2022 Q4 105,121 109,864 Mil. Ch. FY 2021 AUD, SA Quarterly
Real Net Exports 2022 Q4 17,246 11,179 Mil. Ch. FY 2021 AUD, SA Quarterly

Release Information

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.

  • 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

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

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.