Current Account in Australia

Australia Current Account (USD bn) | Economic News & Forecasts

Australia - Current Account (billions of U.S. Dollars)

Australians defied pre-election opinion polls, and handed a surprise victory to the ruling center-right Liberal–National coalition. The coalition secured an absolute majority in the Lower House of Parliament, which will allow Prime Minister Scott Morrison to govern without the support of independents. Its emphasis on improving the economy and its stronger credentials in economic management likely tipped the scales in favor of the conservative coalition. Financial markets breathed a sigh of relief in response; the stock market surged to 11-year highs on Monday, while the AUD climbed on the same day. Elections come amid sluggish economic growth, defined by subdued consumer spending as highlighted by Q1’s weak retail sales. That said, exports were buoyant and wage growth picked up in the same quarter, while consumer sentiment gained some ground in April-May, and there are signs that the housing market may have left the worst behind.

Australia - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-48.5  -46.7  -59.0  -39.2  -34.0  

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Australia Current Account (USD bn) Chart

Australia Current Account
Note: Current account balance as % of GDP.
Source: Australia Bureau of Statistics and Met the why particular calculations.

Australia Facts

Bond Yield1.731.47 %May 13
Exchange Rate0.700.05 %May 13
Stock Market6,3810.08 %May 13

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