5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/09/2009
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JUNE 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 2007. In original terms, these revisions have increased the 2007-08 current account deficit by $1,872m (3%) and increased the deficit for the March quarter 2009 by $1,487m (36%). In seasonally adjusted chain volume terms, these revisions increased the volume deficit on goods and services by $979m for the March quarter 2009.
The financial account and international investment position have been revised back to September quarter 2007, resulting in a decrease of $1,275m in Australia's net IIP liability as at 31 March 2009 to a liability position of $733,363m.
CHANGES TO NEXT ISSUE
Significant changes to the presentation of statistics in this publication will be made in the next issue. Mock-ups of the time series spreadsheets will be released on 27 October 2009 with new series identifiers. For details see Changes in September issue.
Caution should be used when interpreting recent trend estimates as they may be affected by unusual economic factors. For more details on trend estimates, please see paragraph 11 of the explanatory notes.
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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