5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2015 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/12/2015   
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SEPTEMBER KEY FIGURES

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

BALANCE ON CURRENT ACCOUNT
Trend estimates
-17 464
-19 699
-13
Seasonally adjusted
-20 506
-18 104
12
BALANCE ON GOODS AND SERVICES
Trend estimates
-7 878
-9 464
-20
Seasonally adjusted
-10 946
-7 438
32
NET PRIMARY INCOME
Trend estimates
-8 976
-9 629
-7
Seasonally adjusted
-8 948
-10 054
-12
LEVELS AT END OF PERIOD
International Investment Position
904 621
922 771
2
Net foreign equity
-63 623
-70 989
-12
Net foreign debt
968 244
993 760
3


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, decreased $2,402m (12%) to $18,104m in the September quarter 2015. The deficit on the balance of goods and services decreased $3,508m (32%) to $7,438m. The primary income deficit increased $1,106m (12%) to $10,054m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services increased $6,109m from $2,178m in the June quarter 2015 to $8,287m in the September quarter 2015. This is expected to contribute 1.5 percentage points to growth in the September quarter 2015 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net International Investment Position was a liability of $922.8b at 30 September 2015, an increase of $18.2b (2%) on the 30 June 2015 position of $904.6b. Australia's net foreign debt liabilities increased $25.5b (3%) to a net liability position of $993.8b. Australia's net foreign equity assets increased $7.4b (12%) to a net asset position of $71.0b at 30 September 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2015 1 March 2016
March 2016 31 May 2016
June 2016 6 September 2016
September 2016 6 December 2016



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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.