Australian Bureau of Statistics

Rate this page
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, Dec 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2015   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

DECEMBER KEY FIGURES

Sep Qtr 2014
Dec Qtr 2014
Sep Qtr 2014 to Dec Qtr 2014
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-11 757
-11 279
4
Seasonally adjusted
-12 130
-9 588
21
BALANCE ON GOODS AND SERVICES
Trend estimates
-3 526
-3 911
-11
Seasonally adjusted
-3 899
-2 430
38
NET PRIMARY INCOME
Trend estimates
-7 689
-6 832
11
Seasonally adjusted
-7 688
-6 621
14
LEVELS AT END OF PERIOD
International Investment Position
873 931
866 149
-1
Net foreign equity
-12 866
-58 684
-356
Net foreign debt
886 797
924 834
4


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, fell $2,542m (21%) to $9,588m in the December quarter 2014. The deficit on the balance of goods and services fell $1,469m (38%) to $2,430m in the December quarter 2014. The primary income deficit fell $1,067m (14%) to $6,621m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services rose $2,814m (54%) from $5,177m in the September quarter 2014 to $7,991m in the December quarter 2014. This is expected to contribute 0.7 percentage points to growth in the December quarter 2014 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $866.1b at 31 December 2014, a decrease of $7.8b (1%) on the 30 September 2014 position of $873.9b. Australia's net foreign debt liability increased $38.0b (4%) to a net liability position of $924.8b. Australia's net foreign equity increased $45.8b (356%) to a net asset position of $58.7b at 31 December 2014.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2015 2 June 2015
June 2015 1 September 2015
September 2015 1 December 2015
December 2015 1 March 2016



REVISIONS

Since the last issue of this publication data in original terms have been revised back to September quarter 2013. See the Revisions section for details.


CHANGES IN THIS AND FORTHCOMING ISSUES

See the Changes in this and forthcoming issues section for details.


VALUE ADJUSTMENTS

See the Value adjustments section for details.


RELATED RELEASES

See the Related releases section for details.


FEATURE ARTICLE

A feature article Quarterly State Data on a Balance of Payments Basis has been included in this publication. This article has been produced in response to user interest in goods and services data on a balance of payments basis at the individual state level. See the Feature article for details.


PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


INQUIRIES

For further information contact Balance of Payments on Canberra (02) 6252 5540 for balance of payments estimates, and International Investment on Canberra (02) 6252 5541 for international investment estimates.


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2015

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.