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Balance of Payments and International Investment Position, Australia

Balance of payments statistics on current, capital and financial transactions and the international investment position statement

Reference period
September 2020
Released
1/12/2020
Future releases
  • Next Release 2/03/2021
    Balance of Payments and International Investment Position, Australia, December 2020
  • Next Release 1/06/2021
    Balance of Payments and International Investment Position, Australia, March 2021
  • Next Release 31/08/2021
    Balance of Payments and International Investment Position, Australia, June 2021
  • View all releases

Key statistics

  • The current account surplus, seasonally adjusted, fell $6,321m to $10,024m.
  • The capital and financial account deficit fell $7,750m to $9,296m.
  • Australia's net IIP liability position was $942.8b at 30 September 2020.

Main features

Key figures (a)
Jun Qtr 2020 ($m)Sep Qtr 2020 ($m)Jun Qtr 2020 to Sep Qtr 2020 (% change)
Balance on current account (b)16 34510 024-39
Balance on goods and services (b)22 34013 625-39
Net primary income (b)-5 591-3 331-40
Capital and financial account-17 046-9 296-45
International investment position (c)939 131942 776-

- nil or rounded to zero (including null cells)
(a) Trend series is not published from June Quarter 2019
(b) Seasonally adjusted
(c) Levels at end of period

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(a) Seasonally adjusted estimates at current prices.

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COVID-19 in this publication

COVID-19 in September quarter 2020

Quality assurance undertaken by the ABS confirmed that COVID-19 did not result in quality impacts to Balance of Payments and International Investment Position statistics for September quarter 2020. For information on the expected economic impacts of COVID-19, please see the ABS Chief Economist Series paper Measuring natural disasters in the Australian economy.

Suspension of trend estimates

The trend series attempts to measure underlying behaviour of international trade activity. In the short term, this measurement will be significantly affected by the current COVID-19 pandemic and subsequent changes to regular patterns in international trade that will occur during this time. If the trend estimates in this publication were to be calculated without fully accounting for this unusual event, they would provide a misleading view of underlying international trade activity.

It may be some time before the underlying trend in international trade activity can be accurately estimated. The trend series has therefore been suspended from June quarter 2019 and will be reinstated when more certainty emerges in the underlying trend in international trade.

Seasonal adjustment and COVID-19

International Accounts uses the concurrent seasonal adjustment method, meaning that seasonal factors are re-estimated each time new data becomes available. If not appropriately accounted for, unusual events, such as COVID-19, can distort estimates calculated using this method. From March quarter 2020, seasonal factors for series that have been notably impacted by COVID-19 will be calculated using data up to and including December quarter 2019, then projected from March quarter 2020 onwards. This approach, known as the forward factor method, ensures that the seasonal factors are not distorted by COVID-19 impacts.

The ABS has advised users that it had moved to using forward factors for seasonal analysis of a number of series, including Travel Services. Current ABS (and international practice) requires at least three years of data to assess whether a change in the seasonal pattern has occurred. Should COVID-19 result in a long-term change to the seasonal pattern then revisions to these series may occur in the future. The ABS will consult with users on any future methods changes to seasonal adjustment and potential revisions.

For more information on interpreting seasonally adjusted estimates of International travel services please see the May 2020 feature article International Travel Services time series which outlines the matter in greater detail.

Selected international accounts ratios - table 23

The updated annual GDP and GNI benchmarks released in the Australian System of National Accounts (cat. no. 5204.0) on 30 October 2020 will be revised and incorporated into the quarterly national accounts with the September quarter 2020 issue of Australian National Accounts: National Income Expenditure and Product (cat. no. 5206.0) to be released on 2 December 2020. The revised benchmarks will change the level of the quarterly and annual GDP and GNI used in the ratios for table 23 of this publication. As the ratios using the currently available GDP and GNI would be inconsistent with the revised data, they have been suppressed in this issue. Table 23 in the time series spreadsheets released in conjunction with this publication will be updated with the release of the quarterly Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) on 2 December 2020.

Current Account

Balance on current account in current prices, seasonally adjusted (a) - September quarter 2020
Current prices ($m)Current prices change ($m)Current Prices (%)
Balance on current account10 024-6 321-39
Balance on goods and services13 625-8 715-39
Net goods9 244-7 417-45
Net services4 381-1 297-23
Net primary income-3 3312 260-40
Net secondary income-270133-33

(a) For sign conventions, see the Concepts section in the Explanatory notes in the Methodology.

Terms of trade

Australia's seasonally adjusted terms of trade on net goods and services for the September quarter 2020 rose 0.7% to 101.3, with a decrease of 3.0% in the implicit price deflator (IPD) for goods and services credits and a decrease of 3.6% in the IPD for goods and services debits.

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(a) Seasonally adjusted, reference year 2018-19 = 100.

Relationship between IPD, EPI and IPI

Differences between the IPD and International Trade Price Indexes can arise due to a number of methodological factors including differences in pricing points, timing, coverage and weights.

Price comparison (QoQ % change)
Implicit price deflators (a)Implicit price deflators (a)Chain Laspeyres Indexes (b)International Trade Price Indexes (b)
Seasonally AdjustedOriginalOriginalOriginal
Goods exports-3.5-4.5-4.8-5.1
Services exports---0.1na
Goods imports-3.3-3.6-3.7-3.5
Services imports-5.8-5.8-5.4na

na not available
(a) Reference year 2018-19 = 100.
(b) Source: International Trade Price Indexes, Australia (cat. no. 6457.0).

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(a) Reference year 2018-19 = 100
(b) Source: International Trade Price Indexes, Australia (cat. no. 6457.0).

Commodity price indexes

The RBA Commodity Price Index (average monthly index) for rural commodities fell 9.3% between the June quarter 2020 and the September quarter 2020 while the EPI for rural goods fell 6.8%.

The RBA Commodity Price Index for non-rural commodities fell 4.5% between the June quarter 2020 and the September quarter 2020 while the EPI for non-rural goods (excluding non-monetary gold) fell 5.4%.

Differences between the RBA Commodity Price Index and ABS price measures are largely a consequence of methodological differences used in the construction of the respective indexes, including coverage of included commodities and timing of source data.

Balance on goods and services

In seasonally adjusted chain volume terms, the balance on goods and services was a surplus of $12,766, a fall of $8,887m on the June quarter 2020 surplus of $21,653m.

The fall in the balance on goods and services surplus, in seasonally adjusted chain volume terms, is expected to detract 2.0 percentage points in the September quarter 2020 chain volume measure of GDP, assuming no significant revision to the GDP chain volume estimate for the June quarter 2020.

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(a) Seasonally adjusted, reference year 2018-19.

Exports of goods (credits)

In seasonally adjusted terms at current prices, goods credits fell $4,983m (6%) to $84,990m, with volumes down 2% and prices down 3%.

Goods credits, price and volume change - seasonally adjusted - September quarter 2020
Current prices ($m)Current prices (%)Chain volume measures (a) (%)Implicit price deflators (a)(b)(%)
Exports of goods-4 983-5.5-2.1-3.5
Rural goods-1 499-13.8-7.3-7.1
Non-rural goods-4 853-6.6-2.6-4.1
Net exports of goods under merchanting-60-54.5-57.26.3
Non-monetary gold1 43024.121.32.3

(a) Reference year 2018-19 = 100
(b) Movements in indexes are based on data to four decimal places

Rural goods

Rural goods (seasonally adjusted)
Change in:
Jun-20Sep-20Current pricesCurrent prices
$m$m$m%
Rural goods10 8329 333-1 499-13.8
Meat and meat preparations3 7853 314-471-12.4
Cereal grains and cereal preparations1 4851 158-327-22
Wool and sheepskins563523-40-7.1
Other rural(a)4 9994 338-661-13.2

(a) For all time periods, estimates for sugar, sugar preparations and honey are included in Other non-rural.

Non-rural goods

Non-rural goods (seasonally adjusted)
Change in:
Jun-20Sep-20Current pricesCurrent prices
$m$m$m%
Non-rural goods73 09868 245-4 853-6.6
Metal ores and minerals(a)34 22935 8741 6454.8
Coal, coke and briquettes(a)11 6799 417-2 262-19.4
Other mineral fuels(a)(b)12 8018 480-4 321-33.8
Metals (excl. non-monetary gold)2 6552 637-18-0.7
Machinery2 5382 489-49-1.9
Transport equipment84785580.9
Other manufactures5 2825 188-94-1.8
Other non-rural (incl. sugar and beverages)(c)2 7182 9352178
Goods procured in ports by carriers(b)349371226.3

(a) From September quarter 2019 onwards, separate seasonally adjusted factors for current price and chain volume measures are applied.
(b) In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
(c) For all time periods, estimates for sugar, sugar preparations and honey are included in Other non-rural.

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(a) Seasonally adjusted

(b) Between September quarter 2005 and September quarter 2019, seasonal factors were derived based on the corresponding chained volume measure.

(c) From September quarter 2019 onwards, separate seasonally adjusted factors for current price and chain volume measures are applied.

Imports of goods (debits)

In seasonally adjusted terms at current prices, goods debits rose $2,435m (3%) to $75,747m, with volumes up 7% and prices down 3%.

Goods debits, price and volume change - seasonally adjusted - September quarter 2020
Current prices ($m)Current prices (%)Chain volume measures (a) (%)Implicit price deflators (a)(b)(%)
Imports of goods2 4353.36.8-3.3
Consumption goods2 0488.313.1-4.2
Capital goods1 038611.5-4.9
Intermediate and other merchandise goods-939-3.3-0.3-3
Non-monetary gold28710.582.3

(a) Reference year 2018-19 = 100
(b) Movements in indexes are based on data to four decimal places

Consumption goods

Consumption goods (seasonally adjusted)
Change in:
Jun-20Sep-20Current pricesCurrent prices
$m$m$m%
Consumption goods-24 588-26 6362 0488.3
Food and beverages, mainly for consumption-4 537-4 027-510-11.2
Household electrical items-1 603-1 96436122.5
Non-industrial transport equipment-3 283-4 8821 59948.7
Textiles, clothing and footwear-5 040-5 4864468.8
Toys, books and leisure goods-1 609-1 704955.9
Consumption goods n.e.s.-8 517-8 572550.6

Capital goods

Capital goods (seasonally adjusted)
Change in:
Jun-20Sep-20Current pricesCurrent prices
$m$m$m%
Capital goods-17 240-18 2781 0386
Machinery and industrial equipment-5 783-6 1563736.4
ADP equipment-3 620-3 103-517-14.3
Telecommunications equipment-3 434-3 187-247-7.2
Civil aircraft and confidentialised items(a)(b)-678-570-108-15.9
Industrial transport equipment n.e.s.-1 918-2 62070236.6
Capital goods n.e.s.(c)-1 806-2 64283646.3

(a) From July 2008, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Civil aircraft and confidentialised items. For earlier periods, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Other merchandise goods.

(b) This component is not seasonally adjusted.

(c) In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.

Intermediate and other merchandise goods

Intermediate and other merchandise goods (seasonally adjusted) (a)
Change in:
Jun-20Sep-20Current pricesCurrent prices
$m$m$m%
Intermediate and other merchandise goods-28 747-27 808-939-3.3
Food and beverages, mainly for industry-581-59091.5
Primary industrial supplies n.e.s.(b)-507-487-20-3.9
Fuels and lubricants(c)-4 749-5 53078116.4
Parts for transport equipment-3 063-3 2231605.2
Parts for ADP equipment-234-215-19-8.1
Other parts for capital goods-4 720-4 72880.2
Organic and inorganic chemicals-1 164-817-347-29.8
Paper and paperboard-643-523-120-18.7
Textile yarn and fabrics-348-4045616.1
Iron and steel-787-815283.6
Plastics-1 233-1 009-224-18.2
Processed industrial supplies n.e.s.-10 598-9 203-1 395-13.2
Other merchandise goods(d)(e)-83-228145174.7
Goods procured in ports by carriers(c)-35-3725.7

(a) For sign conventions, see the Explanatory Notes

(b) In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.

(c) Prior to September quarter 2019 this component is not seasonally adjusted

(d) From July 2008, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Civil aircraft and confidentialised items. For earlier periods, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Other merchandise goods.

(e) From July 1981, this component is not seasonally adjusted.

Services

Services exports, price and volume change - seasonally adjusted - September quarter 2020
Current prices ($m)Current prices (%)Chain volume measures (a) (%)Implicit price deflators (a)(b)(%)
Exports of services-1 483-8.7-8.8-
Manufacturing services on physical inputs owned by others----
Maintenance and repair services n.i.e.---0.10.1
Transport131.32.3-0.9
Travel-1 493-16.6-16.70.2
Other services-3--0.1-

- nil or rounded to zero (including null cells)
(a) Reference year 2018-19 = 100
(b) Movements in indexes are based on data to four decimal places

Services imports, price and volume change - seasonally adjusted - September quarter 2020
Current prices ($m)Current prices (%)Chain volume measures (a) (%)Implicit price deflators (a)(b)(%)
Imports of services-185-1.64.4-5.8
Manufacturing services on physical inputs owned by others----
Maintenance and repair services n.i.e.-18-16.2-11.1-5.8
Transport-303-9.7-3.9-6
Travel118.915.7-5.9
Other services1231.57.8-5.8

- nil or rounded to zero (including null cells)
(a) Reference year 2018-19 = 100
(b) Movements in indexes are based on data to four decimal places

Income

Primary Income Deficit narrowed by $2,260m to $3,331m in the September quarter 2020.

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Primary income credits

Income to residents (credits) rose $2,146m (14%) to $17,385m. The main components contributing to this rise were: 
·    direct investment assets, income on equity and investment fund shares, up $1,631m (36%);
·    portfolio investment assets, investment income on equity and investment fund shares, up $923m (12%). 

Primary income debits

Income to non-residents (debits) fell $114m (1%) to $20,716m. The main components contributing to this fall were:
·    direct investment liabilities, income on equity and investment fund shares, down $1,186m (12%);
·    portfolio investment liabilities, interest, down $969m (22%). 

Partly offset by portfolio investment liabilities, income on equity and investment fund shares, up $2,264m (81%).

Secondary income

In seasonally adjusted terms at current prices, the net secondary income deficit fell $133m to $270m in the September quarter 2020.

Capital and Financial Account

The capital and financial accounts recorded a deficit of $9.3b, mainly driven by the financial account deficit of $9.1b. 

This quarter financial account deficit was due to a net outflow of equity of $43.3b and a net inflow of debt of $34.2b.

Capital and financial account
Sep-19Dec-19Mar-20Jun-20Sep-20Qtr on Qtr
$m$m$m$m$m$m
Capital account- 189- 174- 534- 218- 16949
Acquisitions/disposals of non-produced non-financial assets- 246- 346-- 4- 4
Acquisitions/disposals of non-produced non-financial assets credits-7----
Acquisitions/disposals of non-produced non-financial assets debits- 24- 1- 346-- 4- 4
Capital transfers- 165- 180- 188- 218- 16553
Capital transfers credits------
Capital transfers debits- 165- 180- 188- 218- 16553
Financial account-5 068-1 078-5 434-16 828-9 1277 701
Direct investment17 378-2 5729 7947 469-4 942-12 411
Direct investment assets4 429-10 569-4 743- 68-9 941-9 873
Direct investment liabilities12 9497 99714 5377 5375 000-2 537
Portfolio investment-7 20220 911-21 818-6 8026 45213 254
Portfolio investment assets-27 466-18 29723 93517 662-48 094-65 756
Portfolio investment liabilities20 26539 208-45 753-24 46554 54679 011
Financial derivatives2 003-5 832-4 366- 803-3 879-3 076
Financial derivatives assets27 38537 15810 661101 19650 123-51 073
Financial derivatives liabilities-25 382-42 990-15 027-101 999-54 00247 997
Other investment-20 785-4 4749 923-39 754-6 51633 238
Other investment assets-22 8774 192-68 16016 04115 777- 264
Other investment liabilities2 093-8 66678 083-55 795-22 29333 502
Reserve assets3 538-9 1111 03323 063- 242-23 305
Net errors and omissions1 379-1 502-2 902-1 5151 4953 010

International Investment Position

Australia's net IIP liability position was $942.8b at 30 September 2020, an increase of $3.6b on the revised 30 June 2020 position of $939.1b. Australia's net foreign debt liability position increased $47.5b to $1,157.8b. Australia's net foreign equity asset position increased $43.8b to $215.0b at 30 September 2020.

International investment position, by net foreign equity and net foreign debt
Position at beginning of periodTransactionsPrice changesExchange rate changesOther adjustmentsPosition at end of period
$m$m$m$m$m$m
Net International Investment PositionMar-20934 442- 5 4347 251- 66 304- 4 544865 411
Net International Investment PositionJun-20865 411- 16 8285 93584 735- 122939 131
Net International Investment PositionSep-20939 131- 9 127- 30 10643 349- 471942 776
Net Foreign EquityMar-20- 224 08631 11914 678- 128 665- 6 439- 313 394
Net Foreign EquityJun-20- 313 39431 678- 16 551129 054- 1 997- 171 209
Net Foreign EquitySep-20- 171 209- 43 299- 34 29932 7081 085- 215 015
Net Foreign DebtMar-201 158 528- 36 553- 7 42762 3601 8961 178 805
Net Foreign DebtJun-201 178 805- 48 50622 486- 44 3191 8751 110 341
Net Foreign DebtSep-201 110 34134 1724 19310 641- 1 5561 157 791

Economic conditions

CountryOECD Quarterly growth rateMSCI Quarterly percentage changeAUD Exchange Rate Quarterly percentage change
USA7.49.23.6
UK15.5-5.6-0.9
Europe11.65.6**-0.9
China2.711.2-0.2
Japan53.81.4
South Korea1.9*9.50.8
Indonesia3.1-3.28.3
Indiana11.91.2
New Zealandna-4.40.9

*OECD Qtrly Economic Growth data not available for India and New Zealand as at 26/11/2020. South Korea figure based on a provisional estimate. 
OECD data from https://stats.oecd.org/index.aspx?queryid=350
MSCI data from https://www.msci.com/ 
**MSCI data based on local currency except for Europe which is based on $USD
Exchange Rates Data from RBA: https://www.rba.gov.au/statistics/historical-data.html#exchange-rates
 

Supplementary Information

Value adjustments

Goods credits data presented in this publication are based on information provided by exporters to the Department of Home Affairs (Home Affairs). At the time of initial reporting to Home Affairs, the final prices at which transactions take place are not known for some commodities. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs.

For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. When additional information on quantity and/or unit price for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Iron ore adjustments are applied on an international merchandise trade basis at the Australian Harmonized Export Commodity Classification (AHECC) level. Coal, coke and briquettes are adjusted on a balance of payments basis in original current price terms. When actual final transaction prices become available estimates are replaced with these data.

In most instances, transfer of ownership occurs when goods cross the customs frontier. In certain circumstances the ownership of large value capital expenditure items can occur prior to the items crossing the customs frontier. The ABS may adjust the relevant balance of payments series to record the timing when transfer of ownership was effected.

Exports on an international merchandise trade basis

Iron ore (in original terms)

  • adjustments have been applied to iron ore lump in the March quarter (-$5m) 2019, the June quarter (-$45m) 2020 and the September quarter (+$115m). Adjustments have been applied to iron ore fines in the March quarter (+$40m) 2019, the June quarter (+$160m) and the September quarter (+$505m) 2020, When actual final transaction prices become available estimates are replaced with these data.

Goods credits on a balance of payments basis

Coal (in original terms)

  • adjustments have been applied to coal, coke and briquettes in the balance of payments series for the September quarter (-$500m). All previous adjustments have been removed.
     

Capital expenditure (in original terms)

  • the balance of payments goods debits component capital goods n.e.s. includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the customs frontier.

Revisions

The following goods component has been revised since the release of the September 2020 issue of International Trade in Goods and Services, Australia.

  • capital goods n.e.s. component of goods debits, revised in the September quarter 2020.

Summary of revisions since the last issue of this publication

Table 28 summarises revisions, in original current price terms, since the last issue of this publication.

Incorporation of the latest survey and administrative data has resulted in revisions to the balance of payments series back to the September quarter 2016. In original current price terms, these revisions have:

  • increased the current account deficit for September quarter 2016 by $61m
  • increased the current account deficit for December quarter 2016 by $139m
  • increased the current account deficit for March quarter 2017 by $116m
  • increased the current account deficit for June quarter 2017 by $108m
  • increased the current account deficit for September quarter 2017 by $126m
  • increased the current account deficit for December quarter 2017 by $103m
  • increased the current account deficit for March quarter 2018 by $363m
  • increased the current account deficit for June quarter 2018 by $77m
  • increased the current account deficit for September quarter 2018 by $21m
  • increased the current account deficit for December quarter 2018 by $20m
  • decreased the current account deficit for March quarter 2019 by $17m
  • decreased the current account surplus for June quarter 2019 by $4m
  • decreased the current account surplus for September quarter 2019 by $167m
  • decreased the current account surplus for December quarter 2019 by $278m
  • decreased the current account surplus for March quarter 2020 by $615m.
  • decreased the current account surplus for June quarter 2020 by $685m

 

The International Investment Position (IIP) has been revised back to the September quarter 2019. These revisions have increased Australia's net IIP liability $28,541m to a net liability position of $939,131m at 30 June 2020. The financial account deficit has been revised down $1,589m to $16,828m at 30 June 2020. 

Seasonally adjusted and trend series have been revised due to the incorporation of revised estimates and the incorporation of estimates for the latest quarter.

In seasonally adjusted terms, the revisions decreased the volume surplus on goods and services by $687m for the June quarter 2020.

Data in this issue aligns with the data in the September quarter 2020 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 2 December 2020.

Changes in this and forthcoming issues

Annual seasonal re-analysis

The seasonally adjusted and trend estimates of goods, services, primary income and secondary income are revised for the September quarter 2020 issue of this publication as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the quarterly processing cycle and assesses the appropriateness of any prior corrections.

As a result of the re-analysis, both Goods procured in port by carriers (debits) and Fuels and lubricants (debits) will be seasonally adjusted from September quarter 2019. Current price value and chain volume measure series for Fuels and lubricants will be independently seasonally adjusted.

New base year and re-referencing of chain volume estimates and implicit price deflators

A new base year 2018-19 will be introduced into chain volume estimates and implicit price deflators in the September quarter 2020 issue. As a result, the chain volume estimate series and implicit price deflators series will be re-referenced to 2018-19.

Changes to seasonal adjustment method of current price values of: coal, coke and briquettes, metal ores and minerals, and other mineral fuels

As part of an ongoing improvement program within the International Accounts, from the September 2020 release of this publication, independent seasonal adjustment will be applied when calculating the seasonal patterns for the following export commodities:
·    Metal, ores & minerals
·    Coal, coke & briquettes
·    Other mineral fuels. 

Independent seasonal adjustment derives separate seasonal adjustment factors for the current price and chain volume measure series. The change is applied from September quarter 2019 onwards. Previously for these series, seasonal factors derived from the corresponding chain volume measures were used to seasonally adjust the current price value series.

Selected international accout ratios - table 23

The updated annual GDP and GNI benchmarks released in the Australian System of National Accounts, 2019-20 on 30 October 2020 will be revised and incorporated into the quarterly national accounts with the September quarter 2020 issue of Australian National Accounts: National Income Expenditure and Product to be released on 2 December 2020. The revised benchmarks will change the level of the quarterly and annual GDP and GNI used in the ratios for table 23 of this publication. As the ratios using the currently available GDP and GNI would be inconsistent with the revised data, they have been suppressed in this issue. Table 23 in the time series spreadsheets released in conjunction with this publication will be updated with the release of the quarterly Australian National Accounts: National Income, Expenditure and Product on 2 December 2020.

History of changes

02/12/2020 Note: Selected international accounts ratios table 23 

Ratios of current account and international investment measures to quarterly GDP and GNI are normally presented in Table 23.

As advised in the Changes in this issue section of this publication published on 1 December 2020, table 23 in the Time Series data will be updated on 2 December 2020 and released in conjunction with the release of the September quarter 2020 issue of Australian National Accounts: National Income and Expenditure

Data downloads

Time series spreadsheets

Data files

Previous catalogue number

This release previously used catalogue number 5302.0.