Australia - Current Account Balance

Australia: Current Account Balance

Mnemonic TAB.IAUS
Unit Mil. AUD, SA
Adjustments Seasonally Adjusted
Quarterly 96.59 %
Data 2020 Q2 17,738
2020 Q1 9,023

Series Information

Source Australian Bureau of Statistics (ABS)
Release Balance of Payments
Frequency Quarterly
Start Date 9/30/1959
End Date 6/30/2020

Australia: Trade

Reference Last Previous Units Frequency
Balance of Goods Aug 2020 2,643 4,652 Mil. AUD, SA Monthly
Exports of Goods Aug 2020 32,638 34,069 Mil. AUD, SA Monthly
Imports of Goods Aug 2020 -29,996 -29,417 Mil. AUD, SA Monthly
Current Account Balance 2020 Q2 17,738 9,023 Mil. AUD, SA Quarterly
Exports of Goods and Services 2020 Q2 109,095 118,368 Mil. AUD, SA Quarterly
Imports of Goods and Services 2020 Q2 85,235 99,227 Mil. AUD, SA Quarterly
Net Exports 2020 Q2 23,860 19,141 Mil. AUD, SA Quarterly
Real Exports of Goods and Services 2020 Q2 95,650 102,509 Mil. Ch. Jul17-Jun18 AUD, SA Quarterly
Real Imports of Goods and Services 2020 Q2 80,020 91,862 Mil. Ch. Jul17-Jun18 AUD, SA Quarterly
Real Net Exports 2020 Q2 15,630 10,647 Mil. Ch. Jul17-Jun18 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.

Data are disseminated in millions of Australian Dollars. It is released by the ABS every quarter.

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.