05, Aug 2020, EDT.

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Country or Region: Australia › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Australia indicators, › See Current Account Balance (% GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Australian Dollar
Currency Symbol: AUD

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) for Australia in year 2015 is -4.592 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

This makes Australia No. 104 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Australia is 0.47 less than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Australia was -3.04 % Current Account Balance (% GDP) for Australia in 2015 was or will be 51.05% more than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (% GDP) for Australia was or will be -3.61 %, which is 21.39% less than the 2015 figure.