Australia recorded a Current Account surplus of 0.20 percent of the country's Gross Domestic Product in 2019. source: Reserve Bank of Australia

Current Account to GDP in Australia averaged -3.16 percent from 1959 until 2019, reaching an all time high of 2.30 percent in 1961 and a record low of -7.30 percent in 2004. This page provides - Australia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Current Account to GDP - values, historical data and charts - was last updated on December of 2020.

Current Account to GDP in Australia is expected to reach -1.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Current Account to GDP is projected to trend around -1.70 percent in 2021 and -0.50 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Australia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
0.20 -1.40 2.30 -7.30 1959 - 2019 percent Yearly
SA

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 7456.00 5815.00 9623.00 -4173.00 AUD Million [+]
Current Account 10024.00 16345.00 16345.00 -22279.00 AUD Million [+]
Current Account to GDP 0.20 -1.40 2.30 -7.30 percent [+]
Imports 28264.00 28086.00 36119.00 393.00 AUD Million [+]
Exports 35720.00 33901.00 43940.00 435.00 AUD Million [+]
External Debt 2187215.00 2176567.00 2350882.00 147312.00 AUD Million [+]
Terms of Trade 96.60 98.30 106.40 47.50 points [+]
Foreign Direct Investment 52011.00 80891.00 80891.00 -37051.00 AUD Million [+]
Capital Flows -9296.00 -18636.00 24576.00 -18636.00 AUD Million [+]
Tourist Arrivals 6070.00 3720.00 1077720.00 2250.00 [+]
Gold Reserves 67.74 55.67 79.85 48.83 Tonnes [+]
Crude Oil Production 341.00 363.00 781.00 238.00 BBL/D/1K [+]
Terrorism Index 2.65 2.83 3.11 0.01 [+]
Weapons Sales 148.00 38.00 158.00 2.00 USD Million [+]


Australia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.