REVISIONS
Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication:
- on an international merchandise trade basis, revisions have been applied to:
- exports back to February 2016
- imports back to August 2012.
- on a balance of payments basis, revisions have been applied to:
- goods credits and debits back to July 2011
- services credits and debits back to July 2012.
In original terms, these revisions have:
- decreased the deficit on goods and services for the 2011-12 financial year by $473m
- decreased the deficit on goods and services for the 2012-13 financial year by $1,440m
- decreased the deficit on goods and services for the 2013-14 financial year by $3,550m
- increased the deficit on goods and services for the 2014-15 financial year by $415m
- decreased the deficit on goods and services for the 2015-16 financial year by $227m
- decreased the deficit on goods and services for July 2016 by $135m.
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