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5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2013   
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MEDIA RELEASE
3 December 2013
Embargo: 11.30 am (Canberra time)
217/2013
Increase in current account deficit

Latest Australian Bureau of Statistics (ABS) figures show that in seasonally adjusted, current price terms, the current account deficit increased $619m (5%) to $12,710m in the September quarter 2013. Exports of goods and services rose $2,537m (3%) and imports of goods and services rose $2,448m (3%). The primary income deficit rose $706m (8%).

In seasonally adjusted, chain volume terms, the net goods and services surplus rose $2,867m (51%) to $8,486m in the September quarter 2013. This is expected to contribute 0.7 percentage points to growth in the September quarter 2013 volume measure of Gross Domestic Product.

Australia's net IIP liability position was $854.9b at 30 September 2013, an increase of $42.9b on 30 June 2013. Australia's net foreign debt liability increased $36.2b to a liability position of $829.1b. Australia's net foreign equity liability increased $6.6b to a liability position of $25.8b.

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.
  • September quarter 2013, Australian National Accounts: National Income and Expenditure (cat. no. 5206.0) will be released on 4 December 2013.

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