Current Account Balance Australia
What is Current Account
Balance Australia?
It is a measurement of the net flow of current
transactions, including goods and services, primary income and
secondary income. The goods mentioned includes rural and non-rural
goods, non-monetary gold, consumption goods, and capital goods.
Services includes manufacturing services, maintenance and repair
services, transport as well as travel services. Primary income
refers to compensation of employees and investment income while
secondary income refers to general government incomes, workers
remittances and non-life insurance premiums and claims.
Why Current Account Balance
Australia?
It acts as an indication of how Australia 's
economy interacts with the rest of the world.
Who released Current Account
Balance Australia?
It is released by Australian Bureau of Statistics
(ABS).
When is Current Account
Balance
Australia released?
It is released on quarterly basis.
How Current Account Balance
Australia
works?
Current Account Balance Australia calculates the
net flow of current transactions, including goods and services,
primary income and secondary income. The goods mentioned includes
rural and non-rural goods, non-monetary gold, consumption goods, and
capital goods. The result is presented in terms of million. Below is
an example on how the calculation is being done.
Total Credits in December quarter
2009 = 69,788m
Total Debits in December quarter
2009 = -87,247m
Total Current Account Balance in December quarter
2009 = 69,788m - 87,247m = -17,459m
A Current Account Balance surplus indicates that
the flow of capital into Australia exceeds the capital reduction. A
high reading is seen as positive or Bullish for the AUD, whereas a
low reading is seen as negative or Bearish.
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