5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2009
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2009
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Increase in current account deficit
Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit rose $3,050m (23%) to $16,183m in the September quarter 2009. Exports of goods and services decreased $2,455m and imports of goods and services increased $1,770m.
In seasonally adjusted chain volume terms, there was a turnaround of $4,823m on the June quarter surplus on goods and services, resulting in a deficit of $3,961m. This is expected to detract 1.8 percentage points from growth in the September quarter 2009 volume measure of Gross Domestic Product.
Australia's net International Investment Position (IIP) rose $37.2b to a net liability position of $752.2b in the September quarter 2009. Australia's net foreign debt liability increased $3.3b and Australia's net foreign equity liability increased $33.8b.
Further details can be found in Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) available for free download on the ABS website at www.abs.gov.au
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