Australia Current Account Balance (% of GDP)

Australia Current Account

Australia Current Account Chart

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This chart displays Current Account (% of GDP) for Australia from 2013 to 2022.

Australia Current Account Data

	2018	2019	2020	2021	2022
Current Account Balance (% of GDP)	-2.2	0.4	2.2	3.0	1.1
Current Account Balance (USD bn)	-31.0	5.2	30.2	48.8	18.3

Australia: RBA stands pat in September; reiterates further hikes possible ahead

At its monetary policy meeting on 5 September, the Reserve Bank of Australia (RBA) left the official cash rate (OCR)...

14-Sep-23

Australia: Consumer confidence falls in September

The Westpac-Melbourne Institute consumer sentiment index came in at 79.7 in September, down from August’s 81.0. As such, the index...

14-Sep-23

Australia: Unemployment rate stable in August

Seasonally-adjusted employment rose by 64,900 in August, driven by increases in both full-time and part-time employment. Meanwhile, the seasonally-adjusted unemployment...

6-Sep-23

Australia: Growth holds steady in Q2

Economic activity increased 0.4% on a seasonally adjusted quarter-on-quarter basis in Q2, matching the previous quarter’s expansion. The result came...

5-Sep-23

Australia: Retail sales rebound in July

Retail sales expanded 0.5% in month-on-month seasonally-adjusted terms in July, which contrasted June’s 0.8% decrease. Looking at the details of...

18-Aug-23

Australia: Unemployment rate rises in July

Seasonally-adjusted employment fell by 14,600 in July, driven by a decrease in full-time employment more than offsetting an increase in...

11-Aug-23

Australia: Business confidence improves in August

Business confidence came in at 1.7 in August, up from July’s 1.4. August’s result marked the strongest sentiment since January....

11-Aug-23

Australia: Consumer confidence falls and remains pessimistic in August

The Westpac-Melbourne Institute consumer sentiment index came in at 81.0 in August, down from July’s 81.3. As such, the index...

Current Account in Australia