Australia - Current Account Balance

Australia: Current Account Balance

Mnemonic	TAB.IAUS
Unit	Mil. AUD, SA
Adjustments	Seasonally Adjusted
	Quarterly	824.76 %
Data	2023 Q4	11,800
	2023 Q3	1,276

Series Information

Source	Australian Bureau of Statistics (ABS)
Release	Balance of Payments
Frequency	Quarterly
Start Date	9/30/1959
End Date	12/31/2023

Australia: Trade

	Reference	Last	Previous	Units	Frequency
Exports of Goods	Feb 2024	45,520	46,561	Mil. AUD, SA	Monthly
Imports of Goods	Feb 2024	-38,239	-36,503	Mil. AUD, SA	Monthly
Current Account Balance	2023 Q4	11,800	1,276	Mil. AUD, SA	Quarterly
Exports of Goods and Services	2023 Q4	169,366	164,809	Mil. AUD, SA	Quarterly
Imports of Goods and Services	2023 Q4	137,004	140,638	Mil. AUD, SA	Quarterly
Net Exports	2023 Q4	32,362	24,171	Mil. AUD, SA	Quarterly
Real Exports of Goods and Services	2023 Q4	163,946	164,402	Mil. Ch. FY 2022 AUD, SA	Quarterly
Real Imports of Goods and Services	2023 Q4	126,137	130,524	Mil. Ch. FY 2022 AUD, SA	Quarterly
Real Net Exports	2023 Q4	37,809	33,878	Mil. Ch. FY 2022 AUD, SA	Quarterly
Balance of Goods	Aug 2023	9,640	7,324	Mil. AUD, SA	Monthly

Release Information

Description

For Australia, detailed quarterly balance of payments, and select items from gross external debt and international investment position. Compiled by the Australian Bureau of Statistics.

The "Balance of Payments and International Investment Position" statistical release 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)
Observed at: End
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.

Notes

In each credit/debit pair, ABS represents debits as negative values. That is, the balance is their sum, not their difference. As such, in the Data Buffet catalog, the debit item is labeled as "Debit (-)" not "LESS: Debit".