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1301.0 - Year Book Australia, 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003   
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Contents >> International Accounts and Trade >> International investment position

Australia's net international investment position is the difference between the levels of Australia's foreign financial liabilities and the levels of its foreign financial assets. Historically, Australia has had a net liability position with the rest of the world.

Australia's net international investment position at 30 June 2002 was a net foreign financial liability of $390.5b. This was up $29.5b (8.2%) on the position a year earlier and resulted from net increases of $13.2b in the level of foreign equity and $16.3b in the level of foreign debt.

Graph 30.11 shows the components of Australia's international investment position between 1992-93 and 2001-02. It shows that the increases in net foreign liabilities reflect increases in both net foreign debt liabilities and net foreign equity liabilities in most years.

Graph - 30.11 net international investment position, level at end of period



Table 30.12 shows a reconciliation between opening and closing levels for foreign financial assets, foreign financial liabilities and Australia's net international investment position. Increases or decreases in these assets and liabilities are due to financial transactions (investment flows), price changes, exchange rate changes and other adjustments.


30.12 INTERNATIONAL INVESTMENT POSITION

Changes in position reflecting

Position at beginning of period
Transactions
Price changes
Exchange rate changes
Other
adjustments
Position at
end of period
$m
$m
$m
$m
$m
$m

NET INTERNATIONAL INVESTMENT POSITION

Total
1999-2000
321,655
30,919
-16,224
-9,193
-653
326,505
2000-01
326,505
14,339
30,211
-6,238
-3,782
361,034
2001-02
361,034
20,286
10,064
-216
-641
390,527
Equity
1999-2000
90,967
-8,249
-13,852
-21,189
1,024
48,700
2000-01
48,700
3,048
26,674
-28,313
-2,547
47,562
2001-02
47,562
-15,061
13,833
13,973
456
60,764
Debt
1999-2000
230,689
39,168
-2,373
11,996
-1,677
277,804
2000-01
277,804
11,289
3,537
22,076
-1,234
313,472
2001-02
313,472
35,345
-3,768
-14,189
-1,097
329,763

FOREIGN ASSETS(a)

Total
1999-2000
-325,163
-27,334
-47,638
-27,051
1,162
-426,024
2000-01
-426,024
-49,779
32,718
-39,109
-1,356
-483,551
2001-02
-483,551
-48,421
47,642
13,366
-1,285
-472,251
Equity
1999-2000
-196,013
-19,611
-46,115
-21,189
872
-282,057
2000-01
-282,057
-18,913
31,804
-28,313
-769
-298,247
2001-02
-298,247
-42,856
48,913
13,973
-143
-278,359
Debt
1999-2000
-129,150
-7,722
-1,523
-5,860
288
-143,967
2000-01
-143,967
-30,867
913
-10,794
-588
-185,304
2001-02
-185,304
-5,565
-1,272
-608
-1,143
-193,891

FOREIGN LIABILITIES(b)

Total
1999-2000
646,818
58,254
31,414
17,857
-1,814
752,528
2000-01
752,528
64,118
-2,507
32,870
-2,426
844,584
2001-02
844,584
68,707
-37,578
-13,582
645
862,778
Equity
1999-2000
286,979
11,362
32,264
-
152
330,757
2000-01
330,757
21,962
-5,130
-
-1,779
345,809
2001-02
345,809
27,796
-35,081
-
599
339,123
Debt
1999-2000
359,839
46,890
-850
17,857
-1,965
421,771
2000-01
421,771
42,155
2,624
32,870
-647
498,775
2001-02
498,775
40,910
-2,497
-13,582
47
523,654

(a) Assets include claims of Australian direct investment enterprises on direct investors abroad, which are classified as part of direct investment in Australia.
(b) Liabilities include liabilities of Australian direct investors to direct investment enterprises abroad, which are classified as part of direct investment abroad.

Source: Balance of Payments and International Investment Position, Australia (5302.0).


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