Balance of payments
- The current account, seasonally adjusted, was a surplus of $5,853m in the June quarter 2019. It was a turnaround of $6,973m on the March quarter 2019 deficit of $1,120m. The balance on goods and services surplus rose $5,060m to $19,896m. The primary income deficit fell $1,573m to $13,927m.
- In seasonally adjusted chain volume terms, the surplus on goods and services rose $2,750m from $3,637m in the March quarter 2019 to $6,387m in the June quarter 2019. This is expected to contribute 0.6 percentage points to growth in the June quarter 2019 volume measure of GDP.
International investment position (IIP)
- Australia's net IIP liability position was $1,001.6b at 30 June 2019, an increase of $9.2b on the revised 31 March 2019 position of $992.3b. Australia's net foreign debt liability position increased $19.4b to $1,143.5b. Australia's net foreign equity asset position increased $10.2b to $141.9b at 30 June 2019.
Mar Qtr 2019 ($m) | Jun Qtr 2019 ($m) | Mar Qtr 2019 to Jun Qtr 2019 (% change) | |||
---|---|---|---|---|---|
Balance on current account | |||||
Trend estimates | -640 | 4 758 | (a) .. | ||
Seasonally adjusted | -1 120 | 5 853 | (a) .. | ||
Balance on goods and services | |||||
Trend estimates | 14 693 | 19 281 | 31 | ||
Seasonally adjusted | 14 836 | 19 896 | 34 | ||
Net primary income | |||||
Trend estimates | -15 002 | -14 273 | 5 | ||
Seasonally adjusted | -15 500 | -13 927 | 10 | ||
Levels at end of period | |||||
International Investment Position | 992 335 | 1 001 560 | 1 | ||
Net foreign equity | -131 754 | -141 904 | -8 | ||
Net foreign debt | 1 124 089 | 1 143 464 | 2 |
.. not applicable
- see paragraph 17 of the Methodology page.
- Seasonally adjusted estimates at current prices.