Australia Recorded Current Account Surplus of $7.9 billion in September Quarter 2019

  • Dec 03, 2019 AEDT
  • Team Kalkine

The Australian Bureau of Statistics (ABS) has recently reported that country has recorded a current account surplus of $7.9 billion in seasonally adjusted terms in the September quarter 2019. The current account surplus was driven by a narrowed net income deficit of $13.0 billion and largest quarterly goods and services surplus of $21.1 billion. ABS data also highlighted the following:

  • Balance on goods and services surplus increased by $1.8 billion to $21 billion in the quarter.
  • The surplus on goods and services improved by $0.96 billion to $9.3 billion in the quarter.
  • At 30 September 2019, Australia's net IIP liability position stood at $976 billion.


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