Current Account (Excludes Exceptional Financing), Net for Australia
CUAEEFAUA052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-47,786,269,398.64
Year-over-Year Change
207.92%
Date Range
1/1/1960 - 1/1/2008
Summary
The Current Account (Excludes Exceptional Financing), Net for Australia measures the balance of trade and investment income between Australia and the rest of the world. It's a key indicator of Australia's international economic position and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current Account tracks the flow of goods, services, income, and unilateral transfers between Australia and other countries. Excluding exceptional financing, it provides insight into Australia's fundamental trade and investment dynamics with the global economy.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics based on balance of payments reporting.
Historical Context
Policymakers and analysts use the Current Account to assess Australia's trade and economic performance relative to other nations.
Key Facts
- Australia's Current Account has run a deficit since the 1970s.
- The Current Account reached a record high deficit of 7.5% of GDP in 2007.
- In 2022, the Current Account surplus was 2.1% of GDP, the highest in over a decade.
FAQs
Q: What does this economic trend measure?
A: The Current Account (Excludes Exceptional Financing), Net for Australia measures the balance of trade and investment income between Australia and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The Current Account is a key indicator of Australia's international economic position and competitiveness, providing insight into the country's trade and investment dynamics with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics based on balance of payments reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Current Account to assess Australia's trade and economic performance relative to other nations.
Q: Are there update delays or limitations?
A: The Current Account data is published quarterly by the Australian Bureau of Statistics, with a typical lag of around 3 months.
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Citation
U.S. Federal Reserve, Current Account (Excludes Exceptional Financing), Net for Australia (CUAEEFAUA052N), retrieved from FRED.