5302.0 - Balance of Payments and International Investment Position, Australia, Mar 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/06/2019   
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MARCH KEY FIGURES



Dec Qtr 2018
Mar Qtr 2019
Dec Qtr 2018 to Mar Qtr 2019
$m
$m
% change

BALANCE ON CURRENT ACCOUNT
Trend estimates
-6 196
-2 006
68
Seasonally adjusted
-6 325
-2 900
54
BALANCE ON GOODS AND SERVICES
Trend estimates
9 826
13 846
41
Seasonally adjusted
8 841
13 594
54
NET PRIMARY INCOME
Trend estimates
-15 604
-15 384
1
Seasonally adjusted
-14 792
-15 984
-8
LEVELS AT END OF PERIOD
International Investment Position
997 972
966 146
-3
Net foreign equity
-96 546
-133 331
-38
Net foreign debt
1 094 519
1 099 476
-

- nil or rounded to zero (including null cells)


Current Account Balance (a), Main aggregates
Graph: Current Account Balance (a), Main aggregates

International Investment
Graph: International Investment



MARCH KEY POINTS


BALANCE OF PAYMENTS
  • The current account deficit, seasonally adjusted, fell $3,425m to $2,900m in the March quarter 2019. The balance on goods and services surplus rose $4,753m to $13,594m. The primary income deficit rose $1,192m to $15,984m.
  • In seasonally adjusted chain volume terms, the surplus on goods and services rose $1,069m from $1,527m in the December quarter 2018 to $2,597m in the March quarter 2019. This is expected to contribute 0.2 percentage points to growth in the March quarter 2019 volume measure of GDP.


INTERNATIONAL INVESTMENT POSITION (IIP)
  • Australia's net IIP liability position was $966.1b at 31 March 2019, a decrease of $31.8b on the revised 31 December 2018 position of $998.0b. Australia's net foreign debt liability position increased $5.0b to $1,099.5b. Australia's net foreign equity asset position increased $36.8b to $133.3b at 31 March 2019.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 20193 September 2019
September 2019 3 December 2019
December 2019 3 March 2020
March 20202 June 2020


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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for balance of payments estimates, and International Investment at <international.accounts@abs.gov.au> for international investment estimates.