• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

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

International Investment

• 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.

• 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.