5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/03/2019   
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DECEMBER KEY FIGURES

Sep Qtr 2018
Dec Qtr 2018
Sep Qtr 2018 to Dec Qtr 2018
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-9 986
-8 405
16
Seasonally adjusted
-10 785
-7 203
33
BALANCE ON GOODS AND SERVICES
Trend estimates
6 077
7 589
25
Seasonally adjusted
5 764
8 425
46
NET PRIMARY INCOME
Trend estimates
-15 756
-15 662
1
Seasonally adjusted
-16 166
-15 318
5
LEVELS AT END OF PERIOD
International Investment Position
939 144
975 650
4
Net foreign equity
-108 319
-107 225
1
Net foreign debt
1 047 463
1 082 875
3

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 $3,582m to $7,203m in the December quarter 2018. The balance on goods and services surplus rose $2,661m to $8,425m. The primary income deficit fell $848m to $15,318m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services fell $781m from $2,022m in the September quarter 2018 to $1,241m in the December quarter 2018. This is expected to detract 0.2 percentage points from growth in the December quarter 2018 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $975.7b at 31 December 2018, an increase of $36.5b on the revised 30 September 2018 position of $939.1b. Australia's net foreign debt liability position increased $35.4b to $1,082.9b. Australia's net foreign equity asset position decreased $1.1b to $107.2b at 31 December 2018.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2019 4 June 2019
June 2019 3 September 2019
September 2019 3 December 2019
December 2019 3 March 2020


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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for balance of payments estimates, and International Investment at <international.accounts@abs.gov.au> for international investment estimates.