5302.0 - Balance of Payments and International Investment Position, Australia, March 2011 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2011
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MARCH KEY POINTS
BALANCE OF PAYMENTS
INTERNATIONAL INVESTMENT POSITION (IIP)
Table 36 summarises revisions, in original current price terms, since the last issue of this publication, for the last three years and six quarters.
Incorporation of the latest survey and administrative data has resulted in revisions to the current account back to September quarter 2009. In original current price terms, these revisions have:
The financial account and international investment position have been revised back to September quarter 2009, resulting in a decrease of $7,837m in Australia's net IIP liability as at 31 December 2010 to a liability position of $774,265m.
Seasonally adjusted and trend series have been revised due to the incorporation of revised estimates and the incorporation of estimates for the latest quarter. In seasonally adjusted terms, these revisions increased the volume deficit on goods and services by $836m for the December quarter 2010.
IRON ORE AND COAL PRICES
An adjustment has been made to the value of the 'metal ores and minerals' component in the balance of payments series. See Commodity price adjustment for details.
Related recent and upcoming releases are detailed in Related releases.
IMPACT OF NATURAL DISASTERS
The collection and processing of data included in this publication were not disrupted by the Australian floods or Japanese earthquake and tsunami. See Impact of natural disasters for details.
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for balance of payments estimates, and Val Tot on Canberra (02) 6252 5541 for international investment estimates.
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