Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Catalogue Number
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5302.0 - Balance of Payments and International Investment Position, Australia, Mar 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2014   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product
MEDIA RELEASE
3 June 2014
Embargo: 11.30 am (Canberra time)
67/2014
Decrease in current account deficit

Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit decreased $6,034m (52 per cent) to $5,672m in the March quarter 2014. Exports of goods and services rose $4,959m (6 per cent) and imports of goods and services rose $759m (1 per cent). The primary income deficit fell $1,811m (17 per cent).

In seasonally adjusted, chain volume terms, the net goods and services surplus rose $5,315m (54 per cent) to $15,118m in the March quarter 2014. This is expected to contribute 1.4 percentage points to growth in the March quarter 2014 volume measure of Gross Domestic Product.

Australia's net IIP liability position was $850.4b at 31 March 2014, an increase of $11.9b on 31 December 2013. Australia's net foreign debt liability decreased $3.2b to a net liability position of $855.6b. Australia's net foreign equity decreased $15.1b to a net asset position of $5.2b at 31 March 2014.

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

Media notes:
  • March quarter 2014, Australian National Accounts: National Income and Expenditure (cat. no. 5206.0) will be released on 4 June 2014.
  • Please ensure when reporting on ABS data that you attribute the Australian Bureau of Statistics (or the ABS) as the source.
  • Media requests and interviews - contact the ABS Communications Section on 1300 175 070



Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.