Australia Current Account Balance
Key information about Australia Current Account Balance
- Australia Current Account recorded a surplus of 7.7 USD bn in Dec 2023, compared with a surplus of 835.5 USD mn in the previous quarter.
- Australia Current Account Balance: USD mn data is updated quarterly, available from Sep 1959 to Dec 2023, with an averaged value of -2.2 USD bn.
- The data reached an all-time high of 15.9 USD bn in Sep 2021 and a record low of -18.8 USD bn in Dec 2009.
- CEIC converts quarterly Current Account Balance into USD. The Australian Bureau of Statistics provides Current Account Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.
- Foreign Direct Investment (FDI) increased by 17.0 USD bn in Dec 2023.
- Australia Direct Investment Abroad fell by 1.0 USD bn in Dec 2023.
- Its Foreign Portfolio Investment increased by 33.4 USD bn in Dec 2023.
- The country's Nominal GDP was reported at 440.1 USD bn in Mar 2023.
View Australia's Current Account Balance from Sep 1959 to Dec 2023 in the chart:
What was Australia's Current Account Balance in Dec 2023?
Australia Current Account recorded a surplus of 7.7 USD bn in Dec 2023, compared with a surplus of 835.5 USD mn in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
7,685.3 Dec 2023 | 835.5 Sep 2023 | -18,849.9 Dec 2009 | 15,907.8 Sep 2021 | USD mn | quarterly | Sep 1959 - Dec 2023 |
Current Account Balance by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (USD mn) | -145.1 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Algeria (USD mn) | -2,970.0 Dec 2019 | quarterly | Mar 2007 - Dec 2019 |
Argentina (USD mn) | -3,420.1 Dec 2023 | quarterly | Mar 1976 - Dec 2023 |
Armenia (USD mn) | 201.6 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Australia (USD mn) | 7,685.3 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (USD mn) | 5,171.8 Mar 2023 | quarterly | Mar 1970 - Mar 2023 |
Azerbaijan (USD mn) | 1,655.4 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (USD mn) | 654.6 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
Bangladesh (USD mn) | 1,579.4 Feb 2024 | monthly | Jul 1997 - Feb 2024 |
Belarus (USD mn) | -1,726.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Belgium (USD mn) | -1,705.2 Dec 2022 | monthly | Jan 1995 - Dec 2022 |
Bolivia (USD mn) | -779.9 Dec 2023 | quarterly | Mar 1988 - Dec 2023 |
Bosnia and Herzegovina (USD mn) | -196.3 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Botswana (USD mn) | -44.3 Dec 2022 | quarterly | Mar 2004 - Dec 2022 |
Brazil (USD mn) | -4,578.6 Mar 2024 | monthly | Jan 1995 - Mar 2024 |
Brunei (USD mn) | -615.1 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
Bulgaria (USD mn) | 351.4 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Cambodia (USD mn) | -87.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Canada (USD mn) | -4,560.8 Mar 2023 | quarterly | Mar 1957 - Mar 2023 |
Chile (USD mn) | -4,494.9 Sep 2023 | quarterly | Mar 2003 - Sep 2023 |
China (USD mn) | 56,191.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (USD mn) | -2,293.1 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (USD mn) | -1,465.3 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Cyprus (USD mn) | -178.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Czech Republic (USD mn) | 782.0 Apr 2023 | monthly | Jan 2003 - Apr 2023 |
Denmark (USD mn) | 5,296.0 Apr 2023 | monthly | Jan 2005 - Apr 2023 |
Ecuador (USD mn) | 522.8 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (USD mn) | -6,825.4 Dec 2023 | quarterly | Dec 1993 - Dec 2023 |
Estonia (USD mn) | 94.3 Apr 2023 | monthly | Jan 1999 - Apr 2023 |
European Union (USD mn) | 104,959.5 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (USD mn) | -1,912.9 Apr 2023 | monthly | Jan 1980 - Apr 2023 |
France (USD mn) | 948.7 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
Georgia (USD mn) | -200.5 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Germany (USD mn) | 27,133.6 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
Ghana (USD mn) | 217.8 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Greece (USD mn) | -3,411.6 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
Hong Kong SAR, China (USD mn) | 9,111.4 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (USD mn) | -964.2 Dec 2023 | quarterly | Dec 1989 - Dec 2023 |
Iceland (USD mn) | -71.2 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
India (USD mn) | -9,195.5 Jun 2023 | quarterly | Jun 1949 - Jun 2023 |
Indonesia (USD mn) | -1,290.4 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Iran (USD mn) | 14,204.8 2023 | yearly | 1997 - 2023 |
Ireland (USD mn) | 14,845.9 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Israel (USD mn) | 10,541.1 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Italy (USD mn) | -1,662.6 Apr 2023 | monthly | Jan 1970 - Apr 2023 |
Ivory Coast (USD mn) | -4,350.1 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (USD mn) | -1,007.6 Mar 2023 | quarterly | Mar 1977 - Mar 2023 |
Kazakhstan (USD mn) | -892.5 Mar 2024 | quarterly | Dec 1997 - Mar 2024 |
Kenya (USD mn) | -446.0 Sep 2023 | monthly | Jan 2002 - Sep 2023 |
South Korea (USD mn) | 6,361.5 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
Kosovo (USD mn) | -447.2 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Kuwait (USD mn) | 15,358.8 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (USD mn) | -1,294.6 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Laos (USD mn) | -90.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Latvia (USD mn) | 23.0 Apr 2023 | monthly | Jan 2000 - Apr 2023 |
Lebanon (USD mn) | -227.4 Dec 2023 | monthly | Jan 2002 - Dec 2023 |
Lithuania (USD mn) | 604.8 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
Luxembourg (USD mn) | 1,576.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (USD mn) | 2,782.4 2022 | yearly | 2002 - 2022 |
North Macedonia (USD mn) | 108.9 Mar 2023 | monthly | Jan 2001 - Mar 2023 |
Malawi (USD mn) | -1,752.1 2021 | yearly | 1977 - 2021 |
Malaysia (USD mn) | 54.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Malta (USD mn) | 13.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (USD mn) | -183.0 Sep 2023 | quarterly | Mar 2017 - Sep 2023 |
Mexico (USD mn) | -14,282.0 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
Moldova (USD mn) | -522.9 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Mongolia (USD mn) | 173.0 Mar 2024 | monthly | Jan 2009 - Mar 2024 |
Montenegro (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
Morocco (USD mn) | -172.4 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (USD mn) | -505.6 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Myanmar (USD mn) | -280.3 Jun 2023 | quarterly | Mar 1976 - Jun 2023 |
Nepal (USD mn) | 769.7 Jan 2024 | quarterly | Oct 2000 - Jan 2024 |
Netherlands (USD mn) | 27,762.5 Mar 2023 | quarterly | Mar 1967 - Mar 2023 |
New Zealand (USD mn) | -5,231.7 Mar 2023 | quarterly | Jun 1971 - Mar 2023 |
Nigeria (USD mn) | 1,545.4 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Norway (USD mn) | 27,310.5 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Oman (USD mn) | 5,651.5 2022 | yearly | 1974 - 2022 |
Pakistan (USD mn) | 323.0 Mar 2024 | quarterly | Mar 1976 - Mar 2024 |
Palestinian Territory (USD mn) | -529.4 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Panama (USD mn) | -4,356.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Paraguay (USD mn) | -138.6 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Peru (USD mn) | 1,633.8 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
Philippines (USD mn) | 106.8 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
Poland (USD mn) | 502.0 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
Portugal (USD mn) | 750.1 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
Qatar (USD mn) | 7,030.8 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Romania (USD mn) | -1,683.7 Feb 2024 | monthly | Jun 2002 - Feb 2024 |
Russia (USD mn) | 13,400.0 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
Saudi Arabia (USD mn) | 4,345.0 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (USD mn) | -211.4 Feb 2024 | monthly | Jan 2013 - Feb 2024 |
Singapore (USD mn) | 25,500.6 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (USD mn) | 95.2 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
Slovenia (USD mn) | 359.8 Apr 2023 | monthly | Jan 1994 - Apr 2023 |
South Africa (USD mn) | -932.5 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
Spain (USD mn) | 2,050.7 Feb 2024 | monthly | Jan 1990 - Feb 2024 |
Sri Lanka (USD mn) | 237.2 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
Sudan (USD mn) | -1,752.8 Dec 2022 | quarterly | Mar 1977 - Dec 2022 |
Sweden (USD mn) | 10,956.8 Dec 2023 | quarterly | Mar 1975 - Dec 2023 |
Switzerland (USD mn) | 17,338.7 Mar 2023 | quarterly | Mar 1983 - Mar 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -1.1 Dec 2023 | quarterly | Jun 2003 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -8,009.611 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
Tax Revenue (USD mn) | 131,300.177 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
Tax Revenue: % of GDP (%) | 29.2 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
National Government Debt (USD mn) | 650,929.8 2023 | yearly | 1999 - 2023 |
Government Debt: % of GDP (%) | 38.1 2023 | yearly | 1999 - 2023 |
Forecast: Government Expenditure (AUD bn) | 1,204.174 2029 | yearly | 1988 - 2029 |
Forecast: Government Net Debt (AUD bn) | 1,728.540 2028 | yearly | 1989 - 2028 |
Forecast: Government Revenue (AUD bn) | 1,098.260 2028 | yearly | 1988 - 2028 |
DOT Forecast: Budget Aggregates: Revenue (AUD bn) | 748.200 2027 | yearly | 1997 - 2027 |
DOT Forecast: Budget Aggregates: Expenses (AUD bn) | 771.800 2027 | yearly | 1997 - 2027 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 1.986 2029 | yearly | 1980 - 2029 |
Trade Balance (USD mn) | 3,294.7 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
Total Exports (USD mn) | 29,452.6 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
Total Exports Growth (%) | -11.4 Mar 2024 | monthly | Jul 1972 - Mar 2024 |
Aluminum: Exports (USD th) | 4,436,553.090 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 1,314,102.737 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 1,778,195.621 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 26,157.9 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
Total Imports Growth (%) | 12.3 Mar 2024 | monthly | Jul 1972 - Mar 2024 |
Imports: Medicament (USD th) | 7,493,317.912 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 6,198,455.930 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 1,243.397 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Total Imports from USA (USD mn) | 2,618.609 Mar 2024 | monthly | Apr 1969 - Mar 2024 |
Total Exports to China (USD mn) | 10,576.742 Mar 2024 | monthly | Apr 1969 - Mar 2024 |
Total Imports from China (USD mn) | 4,987.359 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Trade Balance: Goods (AUD mn) | 8,634.000 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
Trade Balance: sa: Goods (AUD mn) | 5,024.000 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
Terms of Trade Index: sa (2021-2022=100) | 95.100 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Export: SITC: Value: FOB: Manufactured Goods Classified Chiefly By Material (MG) (AUD mn) | 1,716.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: SITC: Value: FOB: Commodities and Transactions (CT): nec (AUD mn) | 3,372.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: SITC: Value: FOB: Mineral Fuels, Lubricants and Related Materials (MF) (AUD mn) | 14,953.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: SITC: Value: FOB: Crude Materials, Inedible, Except Fuels (CM) (AUD mn) | 15,754.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: SITC: Value: FOB: Food & Live Animals (FL) (AUD mn) | 5,126.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: Value: Coal, whether or not Pulverized, but not Agglomerated (AUD mn) | 7,126.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: Value: FOB: Korea, Republic of (AUD mn) | 3,369.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: Value: FOB: Japan (AUD mn) | 6,356.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: Value: FOB: China (excl SARs and Taiwan) (AUD mn) | 16,128.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: Value: FOB: United States of America (AUD mn) | 1,896.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Export: Value: FOB: India (AUD mn) | 1,377.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Terms of Trade Index (2016-2017=100) | 106.800 Dec 2018 | quarterly | Sep 1959 - Dec 2018 |
Import: SITC: Value: Manufactured Goods Classified Chiefly By Material (MG) (AUD mn) | 3,510.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: SITC: Value: Commodities and Transactions (CT): nec (AUD mn) | 903.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: SITC: Value: Food & Live Animals (FL) (AUD mn) | 1,827.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: SITC: Value: Mineral Fuels, Lubricants and Related Materials (MF) (AUD mn) | 5,146.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: SITC: Value: Crude Materials, Inedible, Except Fuels (CM) (AUD mn) | 345.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: Value: Germany (AUD mn) | 1,602.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: Value: United States of America (AUD mn) | 3,993.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: Value: Japan (AUD mn) | 2,322.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: Value: Singapore (AUD mn) | 1,292.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Import: Value: China (AUD mn) | 7,605.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.0 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Household Debt: % of GDP (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
Non-Performing Loans (USD mn) | 26,522.427 Dec 2023 | quarterly | Sep 1994 - Dec 2023 |
Money Supply M1 (USD mn) | 1,084,562.809 Mar 2024 | monthly | Feb 1975 - Mar 2024 |
Money Supply M2 (USD mn) | 1,957,652.116 Mar 2024 | monthly | Mar 1965 - Mar 2024 |
M2 Growth (%) | 4.8 Mar 2024 | monthly | Mar 1966 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 33,622.1 Apr 2024 | monthly | Jul 1969 - Apr 2024 |
Foreign Exchange Reserves: % of GDP (%) | 2.281 Dec 2023 | quarterly | Sep 1969 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 1.5 May 2023 | monthly | Jul 1971 - May 2023 |
Gold Reserves (USD mn) | 5,678.490 Mar 2024 | monthly | Jan 1958 - Mar 2024 |
Total Deposits (USD mn) | 2,614,643.998 Mar 2023 | quarterly | Sep 2004 - Mar 2023 |
Total Deposits Growth (%) | 3.8 Dec 2023 | quarterly | Sep 2005 - Dec 2023 |
Domestic Credit (USD mn) | 3,620,561.4 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
Domestic Credit Growth (%) | -0.5 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Debt Service Ratio: Households (%) | 19.300 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 22.700 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Credit to Households (USD bn) | 1,841.887 Sep 2023 | quarterly | Dec 1977 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 2,846.135 Sep 2023 | quarterly | Mar 1971 - Sep 2023 |
Household Debt (USD mn) | 2,081,149.1 Dec 2023 | quarterly | Jun 1988 - Dec 2023 |
Total Loans (USD mn) | 2,329,267.637 Mar 2024 | monthly | Sep 1976 - Mar 2024 |
Total Loans Growth (%) | 5.62 Mar 2024 | monthly | Sep 1977 - Mar 2024 |
Private Debt: % of Nominal GDP (%) | 123.80 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Money Supply: M3 (AUD bn) | 2,999.571 Mar 2024 | monthly | Jul 1959 - Mar 2024 |
Money Supply: sa: M1 (AUD bn) | 1,662.420 Mar 2024 | monthly | Feb 1975 - Mar 2024 |
Money Supply: sa: M3 (AUD bn) | 3,000.693 Mar 2024 | monthly | Mar 1965 - Mar 2024 |
Official Reserve Assets: Total: in USD (USD mn) | 58,602.000 Apr 2024 | monthly | Jul 1969 - Apr 2024 |
AU: Broad Money (AUD mn) | 3,131,247.941 2022 | yearly | 1960 - 2022 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Economic Policy Uncertainty Index (Index) | 89.672 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Geopolitical Risk Index (%) | 0.129 Mar 2024 | monthly | Jan 1985 - Mar 2024 |
Exports: % of GDP (%) | 27.346 2022 | yearly | 2001 - 2022 |
Imports: % of GDP (%) | 21.613 2022 | yearly | 2001 - 2022 |
Business Confidence Growth (% Point) | 2.0 Mar 2024 | monthly | Jul 2013 - Mar 2024 |
Industrial Trends Survey: Composite Index: sa: Expected (Index) | 54.900 Mar 2024 | quarterly | Mar 2008 - Mar 2024 |
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