Australia current account to gdp

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Australia current account to gdp: -0.7 (-275%)
Last Update: December 31, 2024

Australia current account to gdp closed down -0.7 as of December 31, 2024 from 0.4 from the previous month and 3.7 from last year.


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Australia current account to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Australia current account to gdp

DateValues
2024-12-31 -0.7
2023-12-31 0.4
2023-09-30 0.2
2023-06-30 1.2
2023-03-31 1.9
2022-12-31 1.7
2022-09-30 -0.1
2022-06-30 1.9
2022-03-31 0.6
2021-12-31 2.3
2021-09-30 4.1
2021-06-30 4.1
2021-03-31 3.7
2020-12-31 2.5
2019-12-31 0.2
2018-12-31 -1.4
2017-12-31 -3.5
2016-12-31 -1.5
2015-12-31 -5.4
2014-12-31 -3.1
2013-12-31 -3.1
2012-12-31 -4.8
2011-12-31 -3.2
2010-12-31 -3.4

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Australia current account to gdp Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
current account to gdpau.currentaccountgdp-0.70.4-275-119DownDown222024-12-31

Australia current account to gdp Factors

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Australia current account to gdp Historical Data

The MacroVar database offers free access to historical data for the Australia current account to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Australia current account to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Australia current account to gdp

Australia's current account to GDP ratio is a measure of the country's trade and financial transactions with the rest of the world in relation to its overall economic output. A positive current account balance indicates that the country is exporting more goods and services than it is importing, while a negative balance suggests the opposite. Australia has traditionally had a negative current account balance due to its reliance on imports for consumer goods and capital equipment. However, the country's strong export sector, particularly in natural resources such as coal, iron ore, and gold, has helped to mitigate this deficit to some extent. Overall, the current account to GDP ratio provides insight into the health of Australia's economy and its ability to sustain its trade relationships with other nations.

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