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5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/11/2010   
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SEPTEMBER KEY FIGURES

Jun Qtr 2010
Sep Qtr 2010
Jun Qtr 2010 to Sep Qtr 2010
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-7 663
-6 739
12
Seasonally adjusted
-5 413
-7 830
-45
BALANCE ON GOODS AND SERVICES
Trend estimates
5 371
6 309
17
Seasonally adjusted
6 570
5 773
-12
NET PRIMARY INCOME
Trend estimates
-12 584
-12 586
-
Seasonally adjusted
-11 503
-13 166
-14
LEVELS AT END OF PERIOD
International Investment Position
767 093
771 312
1
Net foreign equity
92 788
105 321
14
Net foreign debt
674 305
665 992
-1

- nil or rounded to zero (including null cells)

Current Account, Main aggregates - Trend estimates at current prices (a)
Graph: Current Account, Main aggregates—Trend estimates at current prices (a)

International Investment
Graph: International Investment




SEPTEMBER KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, rose $2,417m (45%) to $7,830m in the September quarter 2010. The surplus on the balance of goods and services fell $797m (12%) to $5,773m. The primary income deficit rose $1,663m (14%) to $13,166m.
  • In seasonally adjusted chain volume terms, there was a turnaround on net goods and services of $1,457m from a surplus of $1,389m in the June quarter 2010 to a deficit of $68m in the September quarter 2010. This is expected to detract 0.4 percentage points from growth in the September quarter 2010 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP rose $4.2b to a net liability position of $771.3b in the September quarter 2010. Australia's net foreign debt liability decreased $8.3b to a liability position of $666.0b. Australia's net foreign equity liability increased $12.5b to a liability position of $105.3b.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2010 1 March 2011
March 2011 31 May 2011
June 2011 6 September 2011



REVISIONS

In original terms, data have been revised back to September 2006. See Revisions for details.


CHANGES IN THIS ISSUE

Changes in this issue describes changes to:
  • Seasonally adjusted and trend estimates
  • Chain volume estimates, implicit price deflators and term of trade indexes
  • Selected international accounts ratios - table 35
  • In addition the format of the Analysis and Comments section has been revised to better present information clients have expressed an interest in. A mock-up of the new format was released on the ABS website on 14 September 2010.


IRON ORE PRICES

An adjustment has been made to the value of the 'metal ores and minerals' component in the balance of payments series. See Commodity price adjustment for details.


TRADE IN SERVICES DATA CUBES

Financial Year Trade in Services data cubes incorporating data for 2009-10 (cat. no. 5368.0.55.003) will be released on 3 December 2010.


CONCEPTS, SOURCES AND METHODS PUBLICATION

The next issue of Balance of Payments and International Investment Position, Australia: Concepts, Sources and Methods - 2011 (cat. no. 5331.0), is scheduled to be released on 8 March 2011. This issue will describe the concepts, sources and methods used to compile the balance of payments statistics in this publication which are on a Balance of Payments and International Investment Position manual, sixth edition (BPM6) basis.


INQUIRIES

For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for balance of payments estimates, and Val Tot on Canberra (02) 6252 5541 for international investment estimates.


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