5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2010 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2011
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DECEMBER 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 an increase of $16,522m in Australia's net IIP liability as at 30 September 2010 to a liability position of $787,834m.
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 $380m for the September quarter 2010.
Related publications due for release are detailed in Related Publications:
COMMODITY PRICE ADJUSTMENT
For this issue, no adjustments have been made to the 'metal ores and minerals' or 'coal, coke and briquettes' components. All previous price adjustments applied to these components have been removed.
IMPACT OF THE FLOODS
Flooding in Queensland began in late December 2010. Data collection and processing for the data in this publication were not disrupted. It is expected that the economic impact of floods/cyclones in Queensland and other states will be reflected in the forthcoming issues of this publication.
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for balance of payments estimates, and Charles Kauye on Canberra (02) 6252 5541 for international investment estimates.
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