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.