5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2011 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 06/12/2011
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Decrease in current account deficit
Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit fell $1,023m (15%) to $5,637m in the September quarter 2011. Exports of goods and services increased $3,434m (4%) and imports of goods and services increased $2,851m (4%). The primary income deficit fell $420m (3%).
In seasonally adjusted, chain volume terms, the net goods and services deficit rose $1,930m (17%) to $13,270m in the September quarter 2011. This is expected to detract 0.6 percentage points from growth in the September quarter 2011 volume measure of Gross Domestic Product.
Australia's net international investment position increased $50.6b to a net liability position of $848.3b in the September quarter 2011. Australia's net foreign debt liability increased $54.3b to a liability position of $740.5b. Australia's net foreign equity liability decreased $3.6b to a liability position of $107.8b.
Further details can be found in Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).
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