5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2016   
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DECEMBER KEY FIGURES

Sep Qtr 2015
Dec Qtr 2015
Sep Qtr 2015 to Dec Qtr 2015
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-20 298
-21 593
-6
Seasonally adjusted
-18 848
-21 106
-12
BALANCE ON GOODS AND SERVICES
Trend estimates
-9 393
-10 160
-8
Seasonally adjusted
-7 337
-9 929
-35
NET PRIMARY INCOME
Trend estimates
-10 293
-10 815
-5
Seasonally adjusted
-10 895
-10 564
3
LEVELS AT END OF PERIOD
International Investment Position
924 460
943 647
2
Net foreign equity
-78 299
-61 920
21
Net foreign debt
1 002 759
1 005 567
-

- 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




DECEMBER KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, increased $2,258m (12%) to $21,106m in the December quarter 2015. The deficit on the balance of goods and services increased $2,592m (35%) to $9,929m. The primary income deficit decreased $331m (3%) to $10,564m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services increased $19m from $8,491m in the September quarter 2015 to $8,510m in the December quarter 2015. This is expected to contribute 0.0 percentage points to growth in the December quarter 2015 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $943.6b at 31 December 2015, an increase of $19.2b (2%) on the revised 30 September 2015 position of $924.5b. Australia's net foreign debt liability increased $2.8b to a net liability position of $1,005.6b. Australia's net foreign equity asset decreased $16.4b (21%) to a net asset position of $61.9b at 31 December 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2016 31 May 2016
June 2016 6 September 2016
September 2016 6 December 2016
December 2016 28 February 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.