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

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.