5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/12/2016   
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SEPTEMBER KEY FIGURES

Jun Qtr 2016
Sep Qtr 2016
Jun Qtr 2016 to Sep Qtr 2016
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-14 619
-11 959
18
Seasonally adjusted
-15 943
-11 358
29
BALANCE ON GOODS AND SERVICES
Trend estimates
-7 147
-5 099
29
Seasonally adjusted
-7 381
-4 682
37
NET PRIMARY INCOME
Trend estimates
-7 099
-6 469
9
Seasonally adjusted
-8 211
-6 265
24
LEVELS AT END OF PERIOD
International Investment Position
1 037 897
1 043 279
1
Net foreign equity
-9 806
-5 242
47
Net foreign debt
1 047 703
1 048 521
-

- nil or rounded to zero (including null cells)

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

International Investment
Graph: International Investment




SEPTEMBER KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, fell $4,585m (29%) to $11,358m in the September quarter 2016. The deficit on the balance on goods and services fell $2,699m (37%) to $4,682m. The primary income deficit fell $1,946m (24%) to $6,265m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services fell $871m (61%) from $1,432m in the June quarter 2016 to $561m in the September quarter 2016. This is expected to detract 0.2 percentage points from growth in the September quarter 2016 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $1,043.3b at 30 September 2016, an increase of $5.4b (1%) on the revised 30 June 2016 position of $1,037.9b. Australia's net foreign debt liability increased $0.8b to a net liability position of $1,048.5b. Australia's net foreign equity asset decreased $4.6b (47%) to a net asset position of $5.2b at 30 September 2016.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2016 28 February 2017
March 2017 6 June 2017
June 2017 5 September 2017
September 2017 5 December 2017



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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.