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5302.0 - Balance of Payments and International Investment Position, Australia, June 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2013   
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JUNE KEY FIGURES

Mar Qtr 2013
Jun Qtr 2013
Mar Qtr 2013 to Jun Qtr 2013
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-10 985
-8 556
22
Seasonally adjusted
-8 740
-9 350
-7
BALANCE ON GOODS AND SERVICES
Trend estimates
-1 754
511
(a). .
Seasonally adjusted
122
-18
(a). .
NET PRIMARY INCOME
Trend estimates
-8 902
-8 741
2
Seasonally adjusted
-8 529
-9 008
-6
LEVELS AT END OF PERIOD
International Investment Position
848 698
816 937
-4
Net foreign equity
109 614
54 764
-50
Net foreign debt
739 084
762 173
3

. . not applicable
(a) See paragraph 5 of the Explanatory Notes.

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

International Investment
Graph: International Investment




JUNE KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, rose $610m (7%) to $9,350m in the June quarter 2013. There was a turnaround of $140m on the balance on goods and services, resulting in a deficit of $18m in the June quarter 2013. The primary income deficit rose $479m (6%) to $9,008m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services fell $154m (2%) from $7,306m in the March quarter 2013 to $7,152m in the June quarter 2013. This is expected to detract 0.04 percentage points from growth in the June quarter 2013 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $816.9b at 30 June 2013, a decrease of $31.8b on 31 March 2013. Australia's net foreign debt liability increased $23.1b to a liability position of $762.2b. Australia's net foreign equity liability decreased $54.9b to a liability position of $54.8b.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2013 3 December 2013
December 2013 4 March 2014
March 2014 3 June 2014
June 2014 2 September 2014



REVISIONS

Since the last issue of this publication data in original terms have been revised back to September quarter 2007. See Revisions for details.

The following goods and services debits components have been revised since the release of the June 2013 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0):
  • capital goods n.e.s. component of goods debits series, revised in June quarter 2013
  • architectural, engineering and other technical services component of services debits, revised in June quarter 2013
  • legal, accounting, management consulting, public relations and other professional services component of services debits, revised in June quarter 2013.

Data in this issue aligns with the data in the June quarter 2013 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 4 September 2013.


CHANGES IN FORTHCOMING ISSUES

See Changes in forthcoming issues for details.


VALUE ADJUSTMENTS

See Value adjustments for details.


RELATED RELEASES

See Related releases for details.


INQUIRIES

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


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