5302.0 - Balance of Payments and International Investment Position, Australia, June 2011 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 06/09/2011   
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MEDIA RELEASE
6 September 2011
Embargo: 11.30 am (Canberra time)
106/2011
Decrease in current account deficit


Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit fell $3,696m (33%) to $7,419m in the June quarter 2011. Exports of goods and services increased $5,837m (8%) and imports of goods and services increased $2,985m (4%). The primary income deficit fell $870m (7%).

In seasonally adjusted chain volume terms, the net goods and services deficit rose $1,643m (19%) to $10,224m in the June quarter 2011. This is expected to detract 0.5 percentage points from growth in the June quarter 2011 volume measure of Gross Domestic Product.

Australia's net international investment position decreased $1.2b to a net liability position of $781.1b in the June quarter 2011. Australia's net foreign equity liability decreased $1.6b to a liability position of $106.1b. Australia's net foreign debt liability increased $0.4b to a liability position of $675.0b.

Further details can be found in Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).

Media notes:
  • When reporting ABS data you must attribute the Australian Bureau of Statistics (or ABS) as the source.
  • June quarter 2011 national accounts, Australian National Accounts: National Income and Expenditure (cat. no. 5206.0) will be released on 7 September 2011.