Australia Current Account Balance: % of GDP
Australia Current Account surplus accounted for 2.1 % of the country's Nominal GDP in Sep 2020, compared with a 3.5 % surplus in the previous quarter. Australia Current Account Balance: % of Nominal GDP data is updated quarterly, available from Sep 1959 to Sep 2020, with an average value of -3.2 %. The data reached an all-time high of 3.5 % in Jun 2020 and a record low of -7.3 % in Dec 2004. CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Australian Bureau of Statistics provides Current Account Balance in local currency and Nominal GDP in local currency.
In the latest reports of Australia, Current Account recorded a surplus of 7.2 USD bn in Sep 2020. Foreign Direct Investment (FDI) increased by 3.6 USD bn in Sep 2020. Australia Direct Investment Abroad expanded by 7.1 USD bn in Sep 2020. Its Foreign Portfolio Investment increased by 39.0 USD bn in Sep 2020. The country's Nominal GDP was reported at 307.6 USD bn in Jun 2020.
View Australia's Current Account Balance: % of GDP from Sep 1959 to Sep 2020 in the chart:
What was Australia's Current Account Balance: % of GDP in Sep 2020?
|2.1 Sep 2020||3.5 Jun 2020||-7.3 Dec 2004||3.5 Jun 2020||%||quarterly||Sep 1959 - Sep 2020|
Current Account Balance: % of GDP by Country Comparison
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|Albania (%)||-5.8 Sep 2020||quarterly||Mar 2008 - Sep 2020|
|Algeria (%)||-9.6 Jun 2019||quarterly||Mar 2007 - Jun 2019|
|Argentina (%)||1.3 Sep 2020||quarterly||Mar 2004 - Sep 2020|
|Armenia (%)||-1.9 Sep 2020||quarterly||Dec 1994 - Sep 2020|
|Australia (%)||2.1 Sep 2020||quarterly||Sep 1959 - Sep 2020|
|Austria (%)||3.5 Sep 2020||quarterly||Mar 1970 - Sep 2020|
|Azerbaijan (%)||6.1 Mar 2020||quarterly||Mar 2013 - Mar 2020|
|Bahrain (%)||3.3 2014||yearly||1997 - 2014|
|Bangladesh (%)||-1.6 2020||yearly||1998 - 2020|
|Belarus (%)||3.8 Sep 2020||quarterly||Mar 1996 - Sep 2020|
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Australia Key Series
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|Government and Public Finance||Last||Frequency||Range|
|Consolidated Fiscal Balance: % of GDP (%)||-7.2 Jun 2020||quarterly||Jun 2003 - Jun 2020|
|Consolidated Fiscal Balance (USD mn)||-63,966.960 Jun 2020||quarterly||Sep 2002 - Jun 2020|
|Tax Revenue (USD mn)||90,927.832 Sep 2020||quarterly||Sep 2002 - Sep 2020|
|Tax Revenue: % of GDP (%)||30.1 Jun 2020||quarterly||Sep 2002 - Jun 2020|
|National Government Debt (USD mn)||474,369.8 2019||yearly||1999 - 2019|
|Government Debt: % of GDP (%)||34.7 2019||yearly||1999 - 2019|
|Forecast: Government Expenditure (AUD bn)||880.783 2025||yearly||1988 - 2025|
|Forecast: Government Net Debt (AUD bn)||1,693.021 2025||yearly||1989 - 2025|
|Forecast: Government Revenue (AUD bn)||833.535 2025||yearly||1988 - 2025|
|DOT Forecast: Budget Aggregates: Revenue (AUD bn)||538.100 2024||yearly||1997 - 2024|
|DOT Forecast: Budget Aggregates: Expenses (AUD bn)||596.600 2024||yearly||1997 - 2024|
|AU: General Government: Financial Liabilities (AUD mn)||2,035,045.000 Sep 2020||quarterly||Jun 1999 - Sep 2020|
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