5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/03/2018   
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DECEMBER KEY FIGURES

Sep Qtr 2017
Dec Qtr 2017
Sep Qtr 2017 to Dec Qtr 2017
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-11 600
-13 672
-18
Seasonally adjusted
-11 013
-14 024
-27
BALANCE ON GOODS AND SERVICES
Trend estimates
1 941
-151
(a) . .
Seasonally adjusted
1 977
-117
(a) . .
NET PRIMARY INCOME
Trend estimates
-13 340
-13 306
-
Seasonally adjusted
-12 767
-13 666
-7
LEVELS AT END OF PERIOD
International Investment Position
958 350
986 194
3
Net foreign equity
-32 034
-23 781
26
Net foreign debt
990 384
1 009 975
2

- nil or rounded to zero (including null cells)
. . not applicable
(a) See paragraph 17 of the Explanatory Notes.

Current Account Balance (a) Main aggregates
Graph: Current Account Balance (a), Main aggregates

International Investment
Graph: International Investment




DECEMBER KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, rose $3,011m to $14,024m in the December quarter 2017. There was a turnaround of $2,094m on the balance on goods and services, resulting in a deficit of $117m in the December quarter 2017. The primary income deficit rose $899m to $13,666m.
  • In seasonally adjusted chain volume terms, the deficit on goods and services rose $2,064m from $11,017m in the September quarter 2017 to $13,081m in the December quarter 2017. This is expected to detract 0.5 percentage points from growth in the December quarter 2017 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $986.2b at 31 December 2017, an increase of $27.8b (3%) on the revised 30 September 2017 position of $958.4b. Australia's net foreign debt liabilities increased $19.6b (2%) to $1,010.0b. Australia's net foreign equity assets decreased $8.3b (26%) to $23.8b at 31 December 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2018 5 June 2018
June 2018 4 September 2018
September 2018 4 December 2018
December 2018 5 March 2019



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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for balance of payments estimates, and International Investment at <international.accounts@abs.gov.au> for international investment estimates.