5302.0 - Balance of Payments and International Investment Position, Australia, Mar 2010 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2010
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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 2008. In original terms, these revisions have:
Chain volume measures of goods credits have been revised from the September quarter 2008. This is due to the updating of prices in the weighting structure used to aggregate components. The prices have been updated to 2007-08 prices.
The financial account and international investment position have been revised back to September quarter 2008, resulting in a decrease of $5,915m in Australia's net IIP liability as at 31 December 2009 to a liability position of $762,713m.
Seasonally adjusted and trend series are revised due to the incorporation of revised estimates and the incorporation of estimates for the latest quarter.
CHANGES IN THIS AND FORTHCOMING ISSUES
Changes in this issue (see Changes in this and forthcoming issues):
Changes in forthcoming issues (see Changes in this and forthcoming issues):
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 14 of the explanatory notes.
For further information contact Olivia Lam 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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