5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/09/2016   
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JUNE KEY FIGURES

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

BALANCE ON CURRENT ACCOUNT
Trend estimates
-17 446
-15 578
11
Seasonally adjusted
-14 899
-15 535
-4
BALANCE ON GOODS AND SERVICES
Trend estimates
-9 251
-8 728
6
Seasonally adjusted
-8 648
-7 996
8
NET PRIMARY INCOME
Trend estimates
-7 774
-6 452
17
Seasonally adjusted
-5 809
-7 160
-23
LEVELS AT END OF PERIOD
International Investment Position
1 007 773
1 035 858
3
Net foreign equity
-14 045
-8 647
38
Net foreign debt
1 021 818
1 044 505
2


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

International Investment
Graph: International Investment




JUNE KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, increased $636m (4%) to $15,535m in the June quarter 2016. The deficit on the balance on goods and services decreased $652m (8%) to $7,996m. The net primary income deficit increased $1,351m (23%) to $7,160m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services decreased $999m (8%) from $11,796m in the March quarter 2016 to $10,797m in the June quarter 2016. This is expected to detract 0.2 percentage points from growth in the June quarter 2016 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $1,035.9b at 30 June 2016, an increase of $28.1b (3%) on the revised 31 March 2016 position of $1,007.8b. Australia's net foreign debt liability increased $22.7b (2%) to a net liability position of $1,044.5b. Australia's net foreign equity asset decreased $5.4b (38%) to a net asset position of $8.6b at 30 June 2016.


NOTES

FORTHCOMING ISSUES

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