DECE M B E R
QUAR T E R
5302.0
2011
BALANCE OF PAYMENTS
AND INTERNATIONAL
INVESTMENT POSITION
EMBAR G O :
KEY
Current Account (a)
11.3 0 A M
(CAN B E R R A
TIME)
TUES
AUSTR A L I A
6 MAR
2012
FIG U R E S
Main aggregates
$billion
15
10
5
0
–5
–10
–15
–20
–25
Current account balance
Net goods & services
Net primary income
Sep Qtr 2011 to
Dec Qtr 2011
$m
$m
% change
Trend estimates
–7 017
–6 883
2
Seasonally adjusted
–5 824
–8 374
–44
BALANCE ON GOODS AND SERVICES
Trend estimates
5 121
4 957
–3
Seasonally adjusted
6 133
3 589
–41
Trend estimates
–12 018
–11 708
3
Seasonally adjusted
–11 835
–11 819
—
852 932
854 652
—
Net foreign equity
111 733
119 268
7
Net foreign debt
741 200
735 385
–1
NET PRIMARY INCOME
LEVELS AT END OF PERIOD
International Investment
Net IIP
Net foreign equity
Net foreign debt
Dec Qtr
2011
BALANCE ON CURRENT ACCOUNT
Dec
Dec Dec Dec
Dec
2007 2008 2009 2010 2011
(a) Seasonally adjusted estimates at
current prices.
Sep Qtr
2011
International Investment Position
$billion
1000
750
—
nil or rounded to zero (including null cells)
500
KEY
250
BALAN C E OF PAYM E N T S
!
0
$2,544m (41%) to $3,589m. The primary income deficit fell $16m to $11,819m.
!
In seasonally adjusted chain volume terms, the deficit on goods and services fell
$861m (6%) from $14,089m in the September quarter 2011 to $13,228m in the December
I N Q U I R I E S
w w w. a b s . g o v. a u
The current account deficit, seasonally adjusted, rose $2,550m (44%) to $8,374m in the
December quarter 2011. The surplus on the balance of goods and services fell
Dec Dec Dec Dec Dec
2007 2008 2009 2010 2011
For further information
contact Selvi Sekhar on
Canberra (02) 6252 5540
for balance of payments
estimates, and Val Tot on
Canberra (02) 6252 5541
for international
investment estimates.
POI N T S
quarter 2011. This is expected to contribute 0.3 percentage points to growth in the
December quarter 2011 volume measure of GDP.
INTE R N A T I O N A L INVE S T M E N T POSIT I O N (IIP)
!
Australia's net IIP liability position was $854.7b at 31 December 2011, an increase of $1.7b
on 30 September 2011. Australia's net foreign debt liability decreased $5.8b to a liability
position of $735.4b. Australia's net foreign equity liability increased $7.5b to a liability
position of $119.3b.
NO T E S
FORT H C O M I N G ISSU E S
REVISIO N S
ISSUE (Quarter)
RELEASE DATE
March 2012
5 June 2012
June 2012
4 September 2012
September 2012
4 December 2012
December 2012
5 March 2013
In original terms, data have been revised back to September quarter 2010.
The 'capital goods n.e.s.' component of the goods debits series has been revised from
July 2011 onwards since the release of the December 2011 issue of International Trade
in Goods and Services, Australia (cat. no. 5368.0). The revised goods debits data aligns
with the data to be published in the December quarter 2011 issue of Australian
National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be
released on 7 March 2012.
See page 10 – Revisions for details.
FEAT U R E ARTIC L E
A feature article ABS International Tourism Estimates has been released in conjunction
with this publication. This feature article compares tourism related services estimates in
the Balance of Payments and Tourism Satellite Account statistics.
See page 24 – Feature article.
CHAN GE S IN THIS ISSU E
Changes in this issue:
!
Replacement of front cover graph, Current Account, Main aggregates
!
Series ID changes in time series spreadsheets Table 83.
See page 11 – Changes in this issue for details.
COMM O D I T Y VALU E
ADJ U S T M E N T S
Iron ore and coal
!
a negative adjustment of $180m has been applied to the 'metal ores and
minerals' component for December quarter 2011
!
a negative adjustment of $100m has been applied to the 'coal, coke and
briquettes' component for December quarter 2011.
Capital expenditure
!
the balance of payments goods debits component 'capital goods n.e.s.' includes an
estimate of expenditure on capital goods that have changed ownership but have not
yet crossed the Customs frontier.
RELAT ED RELEASE S
For related recent and upcoming releases see page 12 – Related releases for details.
Bria n Pink
Austr a l i a n Sta t i s t i c i a n
2
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
CONT E N T S
page
ABBR E V I A T I O N S
Abbreviations
.............................................6
TIME SER I E S DAT A
Time series data
............................................7
REVISIO N S
...............
10
................................
.................................
11
.................
12
Summary of revisions since the last issue of this publication
CHAN GE S IN THIS ISSU E S
Replacement of front cover graph
Changes in time series table 83
11
RELAT ED RELEASE S
Information paper: Changes to AHECC and customs tariff
Information paper: Outcome of the producer and international trade price
indexes review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
......
12
Balance of payments
........................................
................................
Supplementary information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Calendar year 2011 situation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
International investment position
20
..............................
24
.......................
29
ANAL Y S I S AND COMME N T S
21
23
FEAT U R E ARTIC L E
ABS International Tourism Estimates
TABLES
SUMMA R Y
1
Balance of payments, summary: original
2
International investment position: by net foreign equity and net
foreign debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4
........
Foreign assets: by equity and debt . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign liabilities: by equity and debt . . . . . . . . . . . . . . . . . . . . . . . . .
30
31
32
CURREN T ACCO U N T
5
6
7
8
9
10
11
12
....
Goods and services: chain volume measures and indexes . . . . . . . . . . . .
Goods credits: original . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods debits: original . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods credits: seasonally adjusted . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods debits: seasonally adjusted . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods credits, chain volume measures: seasonally adjusted . . . . . . . . . . .
Goods debits, chain volume measures: seasonally adjusted . . . . . . . . . . .
Current account transactions: seasonally adjusted and trend estimates
33
34
35
36
37
38
39
40
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
3
C O N T E N T S continued
page
T A B L E S continued
C U R R E N T A C C O U N T continued
....
....
Services credits: original . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services debits: original . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services, summary: seasonally adjusted and trend estimates . . . . . . . . . . .
Services credits: chain volume measures and implicit price deflators . . . . .
Services debits: chain volume measures and implicit price deflators . . . . . .
Primary income credits: original . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Primary income debits: original . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Primary income: seasonally adjusted and trend estimates . . . . . . . . . . . .
Secondary income: original . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
Goods credits, implicit price deflators: original and seasonally adjusted
41
14
Goods debits, implicit price deflators: original and seasonally adjusted
42
15
16
17
18
19
20
21
22
23
43
44
45
46
47
48
49
50
51
CAPIT A L ACCOU N T
24
.................................
52
.....................................
53
Capital account: original
FINAN C I A L ACCOU N T
25
Financial account
INTER N A T I O N A L INVES T M E N T POSIT I O N
26
27
28
29
.......................................
Foreign liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Levels of foreign assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Levels of foreign liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign assets
58
61
64
67
FOREI G N DEBT
....................................
..........................
Currency and residual maturity of foreign debt . . . . . . . . . . . . . . . . . . .
30
Foreign debt levels
70
31
Gross external debt liabilities: levels
71
32
72
SUPPL E M E N T A R Y INFO R M A T I O N
33
34
35
36
.......................................
Foreign assets and liabilities: by industry . . . . . . . . . . . . . . . . . . . . . . .
Selected international accounts ratios . . . . . . . . . . . . . . . . . . . . . . . .
Summary of revisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exchange rates
73
74
76
77
HISTO R I C A L SERI E S
37
38
39
4
.................
Balance of payments, historical summary: seasonally adjusted . . . . . . . . .
International investment position, historical summary: original . . . . . . . . .
Balance of payments, historical summary: original
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
78
79
80
C O N T E N T S continued
page
OTHER INFOR MA T I O N
..........................................
81
....................................
87
...............................................
88
Explanatory notes
APPE N D I C E S
Appendix - Related articles
GLO S S A R Y
Glossary
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
5
ABBRE V I A T I O N S
$b billion (thousand million) dollars
$m million dollars
ABS Australian Bureau of Statistics
ANZSIC Australian and New Zealand Standard Industrial Classification
ARIMA autoregressive integrated moving average
BEC
Classification by Broad Economic Categories
BOP Balance of Payments
BPM6 Balance of Payments and International Investment Position Manual, Sixth
Edition
CVM chain volume measure
EPI export price index
FISIM financial intermediation services indirectly measured
GDP gross domestic product
GNI gross national income
IIP International Investment Position
IPD implicit price deflator
IPI import price index
ITPI International Trade Price Indexes
n.e.s. not elsewhere specified
n.i.e. not included elsewhere
RBA Reserve Bank of Australia
SITC Standard International Trade Classification
TWI trade-weighted index
6
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
TIME SERIE S DATA
TIME SER I E S DAT A
Tables 1 to 36 of this publication are available free on the ABS website
<www.abs.gov.au> from the 'Downloads' tab of this issue with longer time series.
A number of these tables present more detailed breakdowns than included in the
publication and a number of additional tables are also available free on the ABS website.
Tables with more detailed
breakdowns :
15 Services credits: original - Quarter1
16 Services debits: original - Quarter1
20 Primary income credits - Quarter
21 Primary income debits - Quarter
25 Financial account - Quarter
26 Foreign assets - Quarter
27 Foreign liabilities - Quarter
28 Level of foreign assets - Quarter
29 Level of foreign liabilities - Quarter
Additional tables :
51 Balance of payments: summary, original - Financial year
52 International investment position by net foreign equity and net foreign debt Financial year
53 International investment position by foreign assets by equity and debt Financial year
54 International investment position by foreign liabilities by equity and debt Financial year
56 Goods and services: chain volume measures and indexes, original - Financial year
57 Goods credits: original - Financial year
58 Goods debits: original - Financial year
63 Goods credits: implicit price deflators - Financial year
64 Goods debits: implicit price deflators - Financial year
65 Services credits: original - Financial year
66 Services debits: original - Financial year
68 Services credits: chain volume measures and implicit price deflators - Financial year
69 Services debits: chain volume measures and implicit price deflators - Financial year
70 Primary income credits: original - Financial year
71 Primary income debits: original - Financial year
73 Secondary income: original - Financial year
1
With a one quarter lag for the more detailed breakdowns
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
7
T I M E S E R I E S D A T A continued
Additional tables : continued
74 Capital Account - Financial year
75 Financial Account - Financial year
76 International investment: foreign assets - Financial year
77 International investment: foreign liabilities - Financial year
78 International investment: levels of foreign assets - Financial year
79 International investment: levels of foreign liabilities - Financial year
80 International investment: foreign debt levels at the end of period - Financial year
81 International investment: gross external debt liabilities - Financial year
83 Balance of payments: exchange rates - Financial year
84 International investment: foreign assets and liabilities: by Industry - Financial year
85 Balance of payments: ratios of current account measures to GDP - Financial year
96 Quarterly combined current price seasonal adjustment factors and forward factors
for 4 quarters
101 Merchandise exports by SITC division on a Balance of payments basis, chain volume
measures
102 Merchandise exports by SITC division on a Balance of payments basis, implicit price
deflators
103 Merchandise exports by SITC division and section on a Recorded trade basis, chain
volume measures
104 Merchandise exports by SITC division and section on a Recorded trade basis,
implicit price deflators
105 Merchandise imports by Balance of payments broad economic category on a
Balance of payments basis, chain volume measures
106 Merchandise imports by Balance of payments broad economic category on a
Balance of payments basis, implicit price deflators
107 Merchandise imports by SITC division and section on a Recorded trade basis, chain
volume measures
108 Merchandise imports by SITC division and section on a Recorded trade basis,
implicit price deflators
109 Selected services credits and debits, chain volume measures
110 Selected services credits and debits, implicit price deflators
112 Goods and services, implicit price deflators, original (index) - Quarter
117 International investment: foreign assets, by direction and type of investment Quarter
118 International investment: foreign liabilities, by direction and type of investment Quarter
8
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
T I M E S E R I E S D A T A continued
Additional tables : continued
119 International investment: foreign debt transactions - Quarter
120 International investment: interest income on foreign debt - Quarter
214 Balance of payments: goods credits, chain volume measures, original - Financial year
215 Balance of payments: goods debits, chain volume measures, original - Financial year
216 Balance of payments: services credits and debits, current prices and chain volume
measures, original - Financial year
217 International investment: foreign assets, by direction and type of investment Financial year
218 International investment: foreign liabilities, by direction and type of investment Financial year
219 International investment: foreign debt transactions - Financial year
220 International investment: interest income on foreign debt - Financial year
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
9
REVIS I O N S
SUMM A R Y OF REVI S I O N S
Table 36 summarises revisions, in original current price terms, since the last issue of this
SIN C E THE LAST ISSU E
publication, for the last six quarters.
OF THIS PUBLI C A T I O N
Incorporation of the latest survey and administrative data has resulted in revisions to the
balance of payments and IIP series. The balance of payments has been revised back to
September quarter 2010. In original current price terms, these revisions have:
!
decreased the 2010-11 current account deficit by $203m
!
increased the current account deficit for September quarter 2010 by $18m
!
increased the current account deficit for December quarter 2010 by $46m
!
increased the current account deficit for March quarter 2011 by $102m
!
decreased the current account deficit for June quarter 2011 by $370m
!
increased the current account deficit for September quarter 2011 by $58m.
The financial account and international investment position have been revised back to
September quarter 2010, resulting in an increase of $4,650m in Australia's net IIP liability
as at 30 September 2011 to a liability position of $852,932m.
Full detailed revisions in time series are available in Table 36. Summary of revisions of
this publication on the ABS website www.abs.gov.au from the 'Download' tab of
this issue.
Seasonally adjusted and trend series have been revised due to the incorporation of
revised estimates and the incorporation of estimates for the latest quarter.
In seasonally adjusted terms, the revisions increased the volume deficit on goods and
services by $819m (6%) for the September quarter 2011.
10
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
CHANG E S IN THIS ISSUE
CHAN GE S IN THIS ISSU E
The front cover graph presenting Current Account, Main aggregates - Trend estimates at
Replac ement of front
current prices has been replaced with the corresponding seasonally adjusted estimates.
cover graph
This change reflects the overall ABS objective of disseminating high quality and usable
statistics through coherent presentation.
Changes in time series
As advised in the previous issue, the series IDs in "TABLE 83. Exchange rates - Financial
Table 83
year" have been changed since the previous issue:
Dat a Item Desc r i p t i o n
United States Dollar ; Period average ;
United Kingdom Pound ; Period average ;
Euro ; Period average ;
Japanese Yen ; Period average ;
Special Drawing Rights ; Period average ;
United States Dollar ; End of period ;
United Kingdom Pound ; End of period ;
Euro ; End of period ;
Japanese Yen ; End of period ;
Special Drawing Rights ; End of period ;
Trade Weighted Index ; Period average ;
Trade Weighted Index ; End of period ;
Current
Series ID
New
Series ID
A3538164A
A3538163X
A3538165C
A3538161V
A3538166F
A3538171X
A3538170W
A3538172A
A3538168K
A3538173C
A3538162W
A3538169L
A3604466X
A3604465W
A3604467A
A3604463T
A3604468C
A3605367K
A3605364C
A3605363A
A3605365F
A3605368L
A3604464V
A3605366J
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
11
RELA T E D RELEA S E S
INFO R M A T I O N PAPE R :
The Information Paper: Changes to AHECC and Customs Tariff (cat. no. 5368.0.55.017)
CHAN G E S TO AHEC C AND
was released on 8 December 2011. This information paper provides correspondences
CUST O MS TARIF F
between the statistical codes of the Australian Harmonized Export Commodity
Classification (AHECC) and Customs Tariff, and related classifications used for the
dissemination of merchandise trade data as follows:
!
Correspondences between Customs Tariff 2011 and 2012
!
AHECC correspondences to Standard International Trade Classification Rev. 4,
Broad Economic Category, Australian and New Zealand Standard Industrial
Classification 2006; and free standing descriptors
!
Customs Tariff correspondences to Standard International Trade Classification
Rev. 4, Broad Economic Category, Australian and New Zealand Standard Industrial
Classification 2006, Balance of Payments Broad Economic Category; and free
standing descriptors.
The Customs Tariff 2012 is available from the Australian Customs and Border Protection
Service website www.customs.gov.au, select 'Tariff' then 'Working tariff 2012'.
INFO R M A T I O N PAPE R :
The Information Paper: Outcome of the producer and international trade price
OUTCO ME OF THE
indexes review 2012 (cat. no. 6427.0.55.004) is released today (6 March 2012). This
PROD U C E R AND
information paper presents the outcome of the review process and addresses issues such
INTER N AT I O N AL TRADE
as: the principal purpose; the organising structure; coverage; and release timing. Further
PRIC E INDEX E S REVI E W
information or queries regarding this paper should be directed to Derick Cullen of the
Macroeconomics Research Section on (02) 6252 7139 or via email [email protected].
The changes to the Producer and International Trade Price Indexes will be introduced
from the September reference quarter 2012.
!
The ABS will delay the timing of the Producer Price Indexes (PPI) and International
Trade Price Indexes publication (ITPI) releases by nine working days, aligning with
the National Accounts and Balance of Payments publications deadlines; and
!
The current timing of the preliminary estimates of imports CVMs and IPDs
presented in the third month of each quarter in the publication International Trade
in Goods and Services, Australia (cat. no. 5368.0) cannot be supported under the
revised time frames. The ABS plans to release a new electronic publication
presenting the preliminary imports CVMs as soon as practicable after the release of
the ITPIs.
The ABS is seeking feedback on the proposed changes specified above. Please contact
Chris Hinchcliffe on Canberra (02) 6252 6908 or via email [email protected]
by 30 March 2012.
12
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
ANAL Y S I S AND COMM E N T S
BALA N C E OF PAYME N T S
CURR E N T ACCOU N T
In original current price terms, the December quarter 2011 current account deficit was
$9,401m, a rise of $1,294m (16%) on the September quarter 2011 deficit.
Current account balances, in seasonally adjusted and trend terms at current prices, are
shown in the following table.
BA L A N C E ON CU R R E N T AC C O U N T IN CU R R E N T PR I C E S — De c e m b e r
Qu a r t e r 20 1 1
CHANGE IN:
Current
prices
Current
prices
Current
prices
$m
$m
%
–8 374
3 589
6 377
–2 788
–2 550
–2 544
–2 651
107
–43.8
–41.5
–29.4
3.7
–11 819
–143
16
–21
0.1
–17.2
–6 883
4 957
7 863
–2 906
134
–164
119
–283
1.9
–3.2
1.5
–10.8
–11 708
–133
310
–12
2.6
–9.9
SEAS O N A L L Y ADJU S T E D
Balance on current account
Balance on goods and services
Net goods
Net services
Net primary income
Net secondary income
TREN D
Balance on current account
Balance on goods and services
Net goods
Net services
Net primary income
Net secondary income
VOLU M E S AND PRIC E S
Goods and Serv ic es
In seasonally adjusted chain volume terms, the balance on goods and services was a
deficit of $13,228m, a fall of $861m (6%) on the September quarter 2011 deficit of
$14,089m.
The net deficit on goods fell $604m (6%) on the September quarter 2011 deficit of
$9,502m. Goods credits rose $1,464m (3%) and goods debits rose $860m (1%). The net
deficit on services fell $257m (6%) on the September quarter 2011 deficit of $4,587m.
The decrease in the balance on goods and services deficit, in seasonally adjusted chain
volume terms, is expected to contribute 0.3 percentage points to growth in the
December quarter 2011 volume measure of GDP, assuming no significant revision to the
GDP chain volume estimate for the September quarter 2011.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
13
A N A L Y S I S A N D C O M M E N T S continued
Goods and Serv ic es
GO O D S AN D SE R V I C E S , CH A I N VO L U M E ME A S U R E S (a )
continued
Balance on goods and services
Balance on goods
Balance on services
$billion
15
10
5
0
–5
–10
–15
Dec
2003
Dec
2004
Dec
2005
Dec
2006
Dec
2007
Dec
2008
Dec
2009
Dec
2010
Dec
2011
(a) Seasonally adjusted, reference year 2009–10
Terms of Trade and
Australia's seasonally adjusted terms of trade on net goods and services fell 4.7% to 125.5
Implic it Price Deflator
with a decrease of 1.7% in the implicit price deflator (IPD) for goods and services credits
and an increase of 3.1% in the IPD for goods and services debits.
In trend terms, the terms of trade for net goods and services rose 0.5% to 129.3.
IM P L I C I T PR I C E DE F L A T O R AN D TE R M S OF TR A D E (a )
index
140
Implicit Price Deflators Goods & services credits
Implicit Price Deflators Goods & services debits
Terms of Trade (net Goods & services)
120
100
80
60
Dec
2003
Dec
2004
Dec
2005
Dec
2006
Dec
2007
Dec
2008
Dec
2009
(a) Seasonally adjusted, reference year 2009–10 = 100
14
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
Dec
2010
Dec
2011
A N A L Y S I S A N D C O M M E N T S continued
Goods
The trend estimate of net goods at current prices was a surplus of $7,863m, a rise of
$119m (2%) on the September quarter 2011 surplus of $7,744m.
In seasonally adjusted terms at current prices, net goods recorded a surplus of $6,377m,
a fall of $2,651m (29%) on the September quarter 2011 surplus of $9,028m.
GO O D S , Pr i c e an d vo l u m e an a l y s i s : S e a s o n a l l y Ad j u s t e d — De c e m b e r
Qu a r t e r 20 1 1
CHANGE IN:
Current
prices
Current
prices
Chain
volume
measures
Implicit
price
deflators
$m
%
%
%
309
0.4
2.8
–2.3
296
–184
–11
207
3.4
–0.3
–157.1
4.8
4.7
2.6
–160.0
0.6
–1.2
–2.9
–7.5
4.2
Imports
2 959
4.9
1.4
3.5
Consumption goods
Capital goods
Intermediate and other merchandise goods
Non–monetary gold
209
1 336
1 018
398
1.3
8.5
3.8
23.7
–0.4
5.4
–1.1
19.8
1.7
2.9
5.0
3.2
Exports
Rural goods
Non–rural goods
Net exports of goods under merchanting
Non–monetary gold
Servic es
SE R V I C E S , Pr i c e an d vo l u m e an a l y s i s : S e a s o n a l l y
Ad j u s t e d — De c e m b e r Qu a r t e r 20 1 1
CHANGE IN:
Current
prices
Current
prices
Chain
volume
measures
Implicit
price
deflators
$m
%
%
%
28
0.2
–0.2
0.5
Manufacturing services on physical inputs
owned by others
Maintenance and repair services n.i.e.
Transport
Travel
Other services
–3
–5
26
–40
50
–42.9
–35.7
1.7
–0.6
1.5
–42.9
–30.8
1.4
–0.8
0.4
1.0
1.0
0.3
0.2
1.1
Imports
–79
–0.5
–1.7
1.2
—
15
–102
89
–81
—
19.0
–2.6
1.3
–1.8
—
17.2
–3.3
0.5
–4.0
—
2.3
0.7
0.9
2.3
Exports
Manufacturing services on physical inputs
owned by others
Maintenance and repair services n.i.e.
Transport
Travel
Other services
—
nil or rounded to zero (including null cells)
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
15
A N A L Y S I S A N D C O M M E N T S continued
GOOD S CREDI T S
The trend estimate of goods credits at current prices rose $2,218m (3%) to $70,542m in
the December quarter 2011.
In seasonally adjusted terms at current prices, goods credits rose $309m to $69,739m,
with volumes up 3% and prices down 2%.
Rural Goods
Exports of rural goods, in seasonally adjusted terms at current prices, rose $296m (3%)
to $9,046m, with volumes up 5% and prices down 1%. The main component
contributing to the rise was cereal grains and cereal preparations, up $346m (16%), with
volumes up 21% and prices down 4%.
Partly offsetting this rise was the wool and sheepskins component, down $72m (9%),
with volumes down 7% and prices down 2%.
Non–rural Goods
Exports of non-rural goods, in seasonally adjusted terms at current prices, fell $184m to
$56,210m, with volumes up 3% and prices down 3%. The main components contributing
to the fall were:
!
metal ores and minerals, down $625m (3%), with volumes up 6% and prices
down 8%
!
other manufactures, down $175m (4%), with volumes down 4%
!
metals (excl. non–monetary gold), down $162m (5%), with volumes up 3% and
prices down 7%.
Partly offsetting these falls were:
!
other mineral fuels, up $422m (7%), with volumes down 2% and prices up 9%
!
coal, cokes and briquettes, up $422m (3%), with volumes up 5% and prices
down 2%.
SE L E C T E D MA J O R CO M M O D I T I E S , CU R R E N T PR I C E S ( a )
$billion
25
Coal, coke and briquettes
Metal ores and minerals
20
15
10
5
0
Dec
2003
Dec
2004
Dec
2005
Dec
2006
Dec
2007
Dec
2008
Dec
2009
Dec
2010
Dec
2011
(a) Seasonally adjusted
Net Exports of Goods
Net exports of goods under merchanting, in seasonally adjusted terms at current prices
Under Merchanting
was –$18m.
Non–monetary Gold
Non–monetary gold, in seasonally adjusted terms at current prices, rose $207m (5%),
with volumes up 1% and prices up 4%.
16
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
A N A L Y S I S A N D C O M M E N T S continued
GOO D S DEBIT S
The trend estimate of goods debits at current prices rose $2,099m (3%) to $62,679m in
the December quarter 2011.
In seasonally adjusted terms at current prices, goods debits rose $2,959m (5%) to
$63,361m, with volumes up 1% and prices up 4%.
Consumption Goods
Imports of consumption goods, in seasonally adjusted terms at current prices, rose
$209m (1%) to $16,484m, with prices up 2%. The main components contributing to the
rise were:
!
consumption goods n.e.s., up $96m (2%), with volumes down 1% and prices up 3%
!
food and beverages, mainly for consumption, up $81m (3%), with volumes up 1%
and prices up 2%.
Capital Goods
Imports of capital goods, in seasonally adjusted terms at current prices, rose
$1,336m (9%) to $17,018m with volumes up 5% and prices up 3%. The main
components contributing to the rise were:
!
civil aircraft and confidentialised items, up $723m (54%), with volumes up 46% and
prices up 5%
!
telecommunications equipment, up $384m (22%), with volumes up 17% and prices
up 5%
!
ADP equipment, up $190m (10%), with volumes up 7% and prices up 2%.
Partly offsetting these rises was the industrial transport equipment n.e.s. component,
down $104m (5%), with volumes down 4% and prices down 1%.
Intermediate and Other
Imports of intermediate and other merchandise goods, in seasonally adjusted terms at
Merchandise Goods
current prices, rose $1,018m (4%) to $27,782m, with volumes down 1% and prices
up 5%. The main component contributing to the rise was fuels and lubricants, up
$921m (10%), with volumes down 2% and prices up 13%.
Partly offsetting this rise was other parts for capital goods, down $109m (3%), with
volumes down 5% and prices up 3%.
Non-monetary Gold
Imports of non-monetary gold, in seasonally adjusted terms at current prices, rose
$398m (24%) to $2,078m, with volumes up 20% and prices up 3%.
SER V I C E S
The trend estimate of net services at current prices was a deficit of $2,906m, a rise of
$283m (11%) on the September quarter 2011 deficit of $2,623m.
In seasonally adjusted terms at current prices, net services recorded a deficit of $2,788m,
a fall of $107m (4%) on the September quarter 2011 deficit of $2,895m.
Servic es Credits
Services credits, in seasonally adjusted terms at current prices, rose $28m to $12,274m.
The main components contributing to the rise were:
!
other services, up $50m (1%), with prices up 1%
!
transport, up $26m (2%), with volumes up 1%.
Partly offsetting these rises was the travel component, down $40m (1%), with volumes
down 1%.
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17
A N A L Y S I S A N D C O M M E N T S continued
Servic es Credits continued
In seasonally adjusted terms, tourism related service credits remained steady at $7,888m.
Servic es Debits
Services debits, in seasonally adjusted terms at current prices, fell $79m (1%) to
$15,062m, with volumes down 2% and prices up 1%. The main components contributing
to the fall were:
!
transport, down $102m (3%), with volumes down 3% and prices up 1%
!
other services, down $81m (2%), with volumes down 4% and prices up 2%.
Partly offsetting these falls was the travel component, up $89m (1%), with prices up 1%.
In seasonally adjusted terms, tourism related service debits rose $58m (1%) to $8,280m.
PRIM A R Y INCOM E
The trend estimate of the net primary income deficit at current prices fell $310m (3%) to
$11,708m in the December quarter 2011.
In seasonally adjusted terms, the net primary income deficit fell $16m to $11,819m in the
December quarter 2011.
NE T PR I M A R Y IN C O M E
$billion
0
Trend
Seasonally Adjusted
–5
–10
–15
–20
Dec
2003
Primary Income Credits
Dec
2004
Dec
2005
Dec
2006
Dec
2007
Dec
2008
Dec
2009
Dec
2010
Dec
2011
Primary income credits, in seasonally adjusted terms at current prices, rose $22m to
$10,647m. The main components contributing to the rise were:
!
direct investment assets, income on equity and investment fund shares, up
$36m (1%)
!
direct investment assets, interest, up $33m (11%).
Partly offsetting these rises were:
Primary Income Debits
!
portfolio investment assets, down $37m (1%)
!
other investment assets, down $11m (3%).
Primary income debits, in seasonally adjusted terms at current prices, rose by $7m to
$22,467m. The main components contributing to the rise were:
18
!
portfolio investment liabilities, interest, up $185m (3%)
!
compensation of employees, up $75m (9%)
!
direct investment liabilities, interest, up $57m (4%).
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
A N A L Y S I S A N D C O M M E N T S continued
Primary Income Debits
continued
Partly offsetting these rises were:
!
direct investment liabilities, income on equity and investment fund shares, down
$275m (3%)
!
portfolio investment liabilities, investment income on equity and investment fund
shares, down $34m (1%).
SECO N D A R Y INCO ME
The trend estimate of net secondary income deficit at current prices, rose $12m (10%) to
$133m in the December quarter 2011.
In seasonally adjusted terms, the net secondary income deficit at current prices, rose
$21m (17%) to $143m in the December quarter 2011.
FINA N C I A L ACCO U N T
The balance on financial account, in original terms, recorded a net inflow of $9.2b, with a
net inflow of $11.6b of equity and a net outflow of $2.4b of debt.
The financial account surplus increased $1.4b, from $7.7b in September quarter 2011 to
$9.2b in December quarter 2011.
Direct investment recorded a net inflow of $18.5b in December quarter 2011, an increase
of $12.7b from the net inflow of $5.9b in September quarter 2011, where:
!
direct investment liabilities recorded an inflow of $23.9b, an increase of $4.4b on the
inflow of $19.6 in September quarter 2011
!
direct investment assets recorded an outflow of $5.4b, a decrease of $8.3b on the
outflow of $13.7b in September quarter 2011.
Portfolio investment recorded a net inflow of $15.0b, a decrease of $6.3b on the net
inflow of $21.3b in September quarter 2011, where:
!
equity and investment fund shares recorded a net outflow of $5.6b
!
debt securities recorded a net inflow of $20.6b, where portfolio investment
liabilities, debt securities increased $1.2b from $18.8b of issues in September
quarter 2011.
Financial derivatives recorded a net outflow of $0.2b, a decrease of $17.7b from the net
outflow of $17.9b in September quarter 2011.
Other investment recorded a net outflow of $20.4b, an increase of $19.3b from the net
outflow of $1.2b in September quarter 2011.
Reserve assets recorded a net outflow of $3.7b, an increase of $3.4b from the net outflow
of $0.3b in September quarter 2011.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
19
A N A L Y S I S A N D C O M M E N T S continued
INTE R N A T I O N A L INVE S T M E N T POSIT I O N
ANAL Y S I S
Australia's net international investment position at 31 December 2011 was a net foreign
liability of $854.7b, up $1.7b on the 30 September 2011 position of $852.9b.
The changes contributing to this result are shown in the following table.
IN T E R N A T I O N A L IN V E S T M E N T PO S I T I O N , Su m m a r y — De c e m b e r Qu a r t e r
20 1 1
20
Net
international
investment
position
Net
foreign
equity
Net
foreign
debt
$m
$m
$m
Position at beginning of period
852 932
111 733
741 200
Changes in position reflecting
Transactions
Price changes
Exchange rate changes
Other adjustments
Total changes
9 156
–16 340
9 475
–571
1 720
11 581
–25 812
22 104
–338
7 535
–2 426
9 473
–12 629
–233
–5 815
Position at end of period
854 652
119 268
735 385
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
A N A L Y S I S A N D C O M M E N T S continued
SUPP L E M E N T A R Y INFO R M A T I O N
CONDI T I O N S
The conditions in the global economy showed moderate increases for most countries in
the December quarter 2011. According to the Organisation for Economic Cooperation
and Development (OECD), preliminary real GDP estimates in seasonally adjusted terms
showed movement in quarterly growth for: USA (0.7%), France (0.2%), Japan (–0.6%),
Germany (–0.2%), UK (–0.2%) and overall OECD total (0.1%).
Australia's international investment activities during the quarter were as follows:
!
foreign asset transactions were $3.6b in December quarter 2011 compared to
–$23.2b in September quarter 2011
!
foreign liability transactions were $5.6b in December quarter 2011 compared to
$30.9b in September quarter 2011.
The Australian share market, as measured by the MSCI global index, increased 0.9% in
December quarter 2011, following a 13.4% decrease in September quarter 2011. There
were increases in all major markets: USA 11.1%, United Kingdom 8.4%, Germany 7.4%,
Switzerland 7.2%, France 5.7%, Hong Kong 5.5%, Europe ex UK 3.1% and Canada 2.1%.
The decreases were in New Zealand –4.5%, Japan –4.2% and Singapore –2.1%. A market
price change of –$16.5b was recorded for foreign equity assets and –$9.3b in foreign
equity liabilities during December quarter 2011.
According to Reuters, the composite corporate benchmark yield increased in Australia
from 6.10% to 6.41%, in UK (4.00% to 4.29%), in Germany (3.4% to 3.5%), in Japan (1.2%
to 1.5%) but decreased for USA from 3.1% to 3.0%. Long term government bond yields
decreased in all major markets in December quarter 2011. The 10 year government bond
yields decreased in the UK (2.4% to 2.0%) and Germany (1.9% to 1.8%). It remained flat
in USA at 1.9% and Japan at 1.0%. In Australia, the rate decreased from 4.2% to 3.8%.
This is reflected in the market price changes for both portfolio debt securities liabilities
(–$0.9b) and assets ($3.1b) in December quarter 2011.
The Australian dollar appreciated against a number of the major currencies in December
quarter 2011. It increased 8.8% against the Euro, 8.7% against the Swiss franc, 5.1%
against the Japanese yen, 5.1% against the UK pound sterling, 3.8% against the US dollar,
3.0% against the New Zealand dollar, 2.6% against the Chinese renminbi and 2.0% against
the Canadian dollar. The Trade Weighted Index (TWI) rose 4.7%. The net impact of
exchange rates was a decrease of $36.3b on foreign assets and $26.8b on
foreign liabilities.
RELA T I O N S H I P BETWE E N
IPD, EPI AND IPI
2
In original terms, the IPD for total goods credits fell 2.7% and the chain Laspeyres price
index for goods exports fell 2.5%. The export price index (EPI) fell 1.5% during the
December quarter 2011.
In original terms, the IPD for total goods debits rose 2.3% and the chain Laspeyres price
index for goods imports rose 2.5%. The import price index (IPI) rose 2.5% during the
December quarter 2011.
2
In this commentary movements in indexes are based on data to four decimal places.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
21
A N A L Y S I S A N D C O M M E N T S continued
RELA T I O N S H I P BETWE E N
Differences between the IPD and International Trade Price Indexes can arise due to a
I P D , E P I A N D I P I continued
number of methodological factors including differences in pricing points, timing,
coverage and weights. In the December quarter 2011, the difference between the IPD
and EPI were mainly due to the 'wool and sheepskins', 'metal ores and minerals' and
'cereal grains and cereal preparations' components.
GO O D S AN D SE R V I C E S , Pr i c e co m p a r i s o n — De c e m b e r Qu a r t e r 20 1 1
CHANGES IN
Seasonally
adjusted
Implicit
price
deflators
Original
Implicit
price
deflators
International
Trade price
indexes(a)
Chain
Laspeyres
price indexes
%
%
%
%
Exports
Goods
Services
–2.3
0.5
–2.7
0.5
–1.5
na
–2.5
0.6
Imports
Goods
Services
3.5
1.2
2.3
1.3
2.5
na
2.5
1.3
na
(a)
not available
Source: International Trade Price Indexes, Australia (cat. no. 6457.0)
IM P L I C I T PR I C E DE F L A T O R S AN D IN T E R N A T I O N A L TR A D E PR I C E
IN D E X E S
index
250
Implicit Price Deflators Goods credits
Implicit Price Deflators Goods debits
Export Price Index (a)
Import Price Index (a)
200
150
100
50
Dec
2003
Dec
2004
Dec
2005
Dec
2006
Dec
2007
Dec
2008
Dec
2009
Dec
2010
Dec
2011
(a) Source: International Trade Price Indexes, Australia (cat. no. 6457.0)
Commodity Pric e Indexes
The RBA Commodity Price Index3 (average monthly index) for rural commodities
decreased 2.8% between the September quarter 2011 and December quarter 2011
quarters while the EPI for rural goods total decreased 1.7%.
The RBA Commodity Price Index for non-rural commodities decreased 3.0% while the
EPI for non-rural goods total (excluding non-monetary gold) decreased 1.8%.
Differences between the RBA Commodity Price Index and ABS price measures are largely
a consequence of methodological differences used in the construction of the respective
indexes, including coverage of included commodities and timing of source data.
3
22
For RBA Commodity Price Index methodology, see paragraph 23 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
A N A L Y S I S A N D C O M M E N T S continued
CALE N D A R YEAR 2011 SITU A T I O N
CURR E N T ACCOU N T
In original terms, the balance on current account for 2011 was a deficit of $32.0b, a
17% decrease on the deficit of $38.5b recorded for 2010. The balance on goods and
services surplus was a record high at $18.2b, an increase of $2.9b (19%) on the surplus of
$15.3b recorded in 2010. Goods credits increased $31.5b (14%) and goods debits
increased $22.8b (11%).
The 2011 services deficit of $9.8b was an increase of $5.8b on the deficit of $4.0b in 2010.
The 2011 primary income deficit decreased $3.2b (6%), with an increase in primary
income credits of $2.5b (6%) and a decrease in primary income debits of $0.7b (1%).
The 2011 secondary income deficit decreased $0.4b (47%), with an increase in secondary
income credits of $0.5b (8%) and an increase in secondary income debits of $0.1b (1%).
FINANC IAL ACCOUNT
The balance on financial account recorded a net inflow of $31.3b, with a net inflow on
debt of $27.0b and a net inflow on equity of $4.4b. This result was down $7.2b on the net
inflow of $38.5b recorded for the previous year as a result of:
!
a decrease of $51.6b on the net inflow on portfolio investment
!
an increase of $26.4b on the net outflow on financial derivatives
!
an increase of $3.6b on the net outflow on reserve assets
!
an increase of $42.1b on the net inflow on direct investment
!
a decrease of $32.3b on the net outflow on other investment.
INTERNATIONAL
Australia's net international investment position as at 31 December 2011 was a net
INVESTMENT POSITION
foreign liability of $854.7b. This was up $79.6b (10%) on the position a year earlier as a
result of:
!
exchange rate changes of $33.4b
!
net transactions of $31.3b
!
price changes of $16.6b
!
other changes of –$1.8b.
During 2011, Australia's net foreign equity liability decreased to $119.3b, down $7.3b
(6%) on the previous calendar year, with price changes of –$17.7b and other changes of
–$3.3b partially offset by exchange rate changes of $9.3b and net transactions of $4.4b.
Australia's net foreign debt liability rose to $735.4b, up $86.9b (13%) on the previous
calendar year, with price changes of $34.3b, net transactions of $27.0b, exchange rate
changes of $24.1b and other changes of $1.6b.
At 31 December 2011, the ratio of Australia's net international investment position to
GDP using the latest available GDP figure (for the year ended 30 September 2011 using
current prices) was 60.1%. This compares with 57.1% one year ago and 46.7% one
decade ago.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
23
FEATU R E ARTICLE
ABS INTE R N A T I O N A L TOUR I S M ESTIM A T E S
INTR O DU C T I O N
This article compares two estimates, both showing similar levels of expenditure, for the
value of international tourism published by Australian Bureau of Statistics:
!
the Tourism related services series published on a Balance of Payments (BoP) basis
in Balance of Payments and International Investment Position, Australia (cat. no.
5302.0) and International Trade in Goods and Services, Australia (cat. no. 5368.0)
!
the Tourism consumption series published in the Australian National Accounts:
Tourism Satellite Account, 2010-11 (cat. no. 5249.0).
BALA N C E OF PAYM E N T S
Australia's international trade in services is compiled according to the International
Monetary Fund's Balance of Payments and International Investment Position Manual,
Sixth Edition (BPM6), which primarily presents trade by type of activity. BPM6 highlights
the link between travel and passenger transport services and tourism statistics, an
approximation to tourism expenditure may be shown as a supplementary item that
identifies relevant tourism-related goods and services in the travel and passenger
transport items.
BoP publishes memorandum items for credits (exports) and debits (imports) in order to
provide an indication of the strength of tourism activity in Australia, given the name
Tourism related services. The series is relatively simple to derive as it is created by
combining the existing series total travel services (which includes business,
education-related and other personal travel services) with the transportation series
Passenger fares (which also includes agency fees and commission for air transport), as
suggested by BPM6 guidelines. This is not a perfect representation of tourism services, as
it covers services transactions with all non-residents (not just tourists). This value
overstates tourist consumption in these series, while understating tourist consumption
in other series.
Tourism related services compiled on a BoP basis are published in:
!
tables 15-17 of the Balance of Payments and International Investment Position,
Australia (cat. no. 5302.0) publication on a quarterly basis, and
!
tables 9-11 of the International Trade in Goods and Services, Australia (cat. no.
5368.0) publication on a monthly basis.
TOU R I S M SAT EL L I T E
In comparison, the Tourism Satellite Account (TSA) publishes data showing the direct
ACCO U N T
contribution of tourism to the Australian economy, by measuring the demand generated
by visitors, and the supply of tourism products by domestic producers. Because of these
differing conceptual bases (e.g. the TSA's definition of visitor, is different to the BoP
definition of non-resident), there are differences between the BoP and TSA estimates.
Further information on tourism statistics is presented in United Nations, Tourism
Satellite Account: Recommended Methodological Framework and United Nations
World Tourism Organization, International Recommendations for Tourism
Statistics (2008).
In the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006
edition (cat. no. 1292.0), which underlies the Australian national accounts, industries are
defined on the basis of their predominant activity (e.g. a bank is included in the Financial
and Insurance Services industry as it is mainly engaged in financial transactions).
24
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
ABS International Tourism Estimates continued
TOU R I S M SAT EL L I T E
However, while all the products that are produced and consumed in meeting tourism
A C C O U N T continued
demand are embedded in the core national accounts, they are not readily apparent
because 'tourism' is not identified as an industry in ANZSIC. What people commonly
think of as the 'tourism industry' is defined according to the status of the consumer, not
that of the producer. That is, the characteristics of the consumer determine whether the
production is included within the scope of the 'tourism industry'. For this reason,
estimates for tourism are not published in the main national accounts, but are released
in the supplementary satellite accounts.
The TSA estimates, International tourism consumption and Outbound tourism
consumption, are compiled in the TSA and published in:
!
tables 10-11 of the Australian National Accounts: Tourism Satellite Account (cat.
no. 5249.0) publication on an annual basis.
COMPAR I S O N OF
As mentioned, there are differing conceptual treatments between the two datasets. BoP
CONC E PT S
measures economic transactions between residents of Australia and residents of the
rest-of-the-world (non-residents), while TSA measures the direct contribution of tourism
to the Australian economy.
BoP tourism related services credits are closely related to the international tourism
consumption (or tourism exports) defined in the TSA. The most significant differences
between the estimates occur because the TSA excludes the expenditure of overseas
students with a length of stay greater than one year and non-resident to resident
transactions which occur in other countries (i.e. delivery of services by Australian
residents in other countries), both of which are included in BoP. Other differences in the
estimates relate to the TSA imputations for non-market services provided to overseas
visitors, margins on foreign exchange transactions and the value of products provided to
overseas visitors within private households. These imputations are generally not
recorded in the balance of payments.
For debits, the TSA publishes information on outbound tourism consumption (or
tourism imports) which is included in Tourism Consumption by Australian Residents on
Outbound Trips and is presented in Table 10 of the TSA. (Note: Total Consumption by
Australian residents on outbound trips is a different concept, and also includes the value
of consumption by outbound Australian residents in Australia before/after international
trips). The outbound tourism consumption series records the value of goods and
services sourced from non-residents by Australian residents in association with these
trips. The major differences between Outbound tourism consumption in the TSA and
Tourism related services debits memorandum item published in BoP relate to the
exclusion of the following items from the measure of outbound tourism consumption in
the TSA:
!
under the 'usual environment' criterion, in theory individuals for which travel is an
intrinsic part of their job are out-of-scope in the TSA definition of 'visitors'. This
would include, for example, the expenditure of carrier crews stopping off or laying
over, which are specifically measured in the BoP compilation. The exclusion
criterion of being 'employed by a resident entity' will also remove from the scope of
'visitors' those seasonal, border, and other individuals working abroad for less than
one year that are not resident in the economy in which they are employed.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
25
ABS International Tourism Estimates continued
COMPAR I S O N OF
!
C O N C E P T S continued
expenditure by student travellers who are on long term visas (as they do not meet
the TSA definition of a visitor); and
!
payments to non-resident travel agencies for services provided outside
Australian territory.
CO M P A R I S O N OF DI F F E R E N C E S
Tourism related
Tourism related
services (5368.0) services (5302.0)
Item
Frequency
Timing after reference period
Data Differences
Expenditure of overseas students in Australia with a length of stay greater than one year
Expenditure of Australian students overseas with a length of stay greater than one year
Non-resident to resident transactions which occur in other countries
Resident to non-resident transactions which occur in Australia
Payments to non-resident travel agencies for services provided outside Australian
territory
Imputations for non-market services provided to overseas visitors
Imputations for margins on foreign exchange transactions
Imputations for value of products provided to overseas visitors in private households
ANAL Y SI S OF ESTI MA T E S
Monthly
Approx. 1 month
Consumption
(5249.0)
Quarterly
Annual
Approx. 2 months Approx. 6 months
Included
Included
Included
Included
Included
Included
Included
Included
Excluded
Excluded
Excluded
Excluded
Included
Excluded
Excluded
Excluded
Included
Excluded
Excluded
Excluded
Excluded
Included
Included
Included
Graph 1 shows tourism related services credits (BoP) and International tourism
consumption (TSA) between 1997-98 and 2010-11. Initially, the two series moved almost
in parallel before the BoP series increased at a higher rate and, with the exception of the
most recent data point, has diverged from the TSA series. The large increase in BOP's
Education-related personal travel services series, which from the 1998-99 financial year to
the 2009-10 financial year increased $14.6b, is the cause of this divergence. The fall in
tourism related services credits from 2009-10 to 2010-11 can also be attributed to
education-related personal travel, which fell by $2.2b (12%).
BoP's Education-related personal travel services diverges from TSA's equivalent due to
the BoP concept of 'non-resident' including international students who have been in
Australia for over 12 months, whereas the TSA definition of 'visitor' excludes international
students that stay for longer than 12 months.
GR A P H 1: TO U R I S M RE L A T E D EX P O R T S
$billion
40
Tourism related services - credits (BoP)
International tourism consumption (TSA)
35
30
25
20
15
10
1997–98
1999–00
2001–02
2003–04
2005–06
2007–08
Source: Table 11, Australian National Accounts: Tourism Satellite Account
(cat. no. 5249.0) and Table 65, Balance of Payments and
International Investment Position, Australia (cat. no. 5302.0)
26
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
2009–10
ABS International Tourism Estimates continued
ANAL Y SI S OF ESTI MA T E S
As shown in Graph 2, the BoP estimates and the TSA estimates of tourism imports
continued
between 1997-98 and 2010-11 are highly correlated in both magnitude and movement.
GR A P H 2: TO U R I S M RE L A T E D IM P O R T S
$billion
35
Tourism related services - debits (BoP)
Outbound tourism consumption (TSA)
30
25
20
15
10
1997–98
1999–00
2001–02
2003–04
2005–06
2007–08
2009–10
Source: Table 10, Australian National Accounts: Tourism Satellite Account
(cat. no. 5249.0) and Table 66, Balance of Payments and
International Investment Position, Australia (cat. no. 5302.0)
CONC L U SI O N
BoP and TSA estimates are designed to be indicators of tourism activity which is not
separately identified in the core frameworks used by the ABS to present macroeconomic
statistics. Both series have relevant exclusions and inclusions based on the differing
concepts of International Accounts and the Tourism Satellite Account. Although the
tourism exports series of recent times have diverged, they are largely consistent as
indicators of tourism activity, and can be used for analysis depending on the desired use
of the data.
The Tourism Satellite Account estimates are a conceptually accurate representation of
tourism activity, however the data is only available in annual format. A more timely
indicator are the estimates produced by Balance of Payments, with preliminary estimates
available about a month after the reference period, however these estimates are subject
to revision and are conceptually different to those in the TSA.
The main source of divergence in the exports series is education-related personal travel,
included conceptually as part of BoP tourism, which can be removed or adjusted for TSA
definitions. This allows users wanting more timely 'tourism indicator data' to use Balance
of Payments series published in the 5368.0 and 5302.0 publications. However, users
should be aware that the detailed tourism estimates in the TSA are more closely aligned
to the concept of tourism as defined by international standards for tourism statistics,
which are presented in the United Nations World Tourism Organization's Tourism
Satellite Account: Recommended Methodological Framework (2001).
REFER EN C ES
Balance of Payments and International Investment Position Manual, sixth
edition (BPM6).
United Nations World Tourism Organization Tourism Satellite Account:
Recommended Methodological Framework.
United Nations World Tourism Organization, International Recommendations for
Tourism Statistics.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
27
ABS International Tourism Estimates continued
R E F E R E N C E S continued
Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 edition
(cat. no. 1292.0).
28
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
1
BA L A N C E OF PA Y M E N T S , Su m m a r y ( a ) : Or i g i n a l
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–37 272
–56 018
–33 026
–8 829
–9 733
–10 518
–3 945
–8 107
–9 401
7 353
284 571
–277 218
–4 621
253 762
–258 383
20 962
297 499
–276 537
5 395
75 570
–70 175
4 297
74 724
–70 427
2 941
69 048
–66 107
8 329
78 157
–69 828
4 842
82 994
–78 152
2 040
83 075
–81 035
Goods
Credits
Debits
10 733
231 623
–220 890
–3 244
201 751
–204 995
27 710
246 953
–219 243
7 238
62 621
–55 383
6 012
61 800
–55 788
4 144
56 727
–52 583
10 316
65 805
–55 489
8 459
70 780
–62 321
5 020
70 571
–65 551
Services
Credits
Debits
–3 380
52 948
–56 328
–1 377
52 011
–53 388
–6 748
50 546
–57 294
–1 843
12 949
–14 792
–1 715
12 924
–14 639
–1 203
12 321
–13 524
–1 987
12 352
–14 339
–3 617
12 214
–15 831
–2 980
12 504
–15 484
–44 376
43 364
–87 741
–50 327
34 285
–84 612
–53 459
40 668
–94 127
–14 135
10 095
–24 231
–13 975
10 327
–24 303
–13 295
9 591
–22 886
–12 053
10 655
–22 708
–12 921
10 528
–23 449
–11 392
10 716
–22 108
–249
6 667
–6 916
–1 070
6 315
–7 385
–529
6 607
–7 136
–89
1 601
–1 690
–55
1 620
–1 675
–164
1 690
–1 854
–221
1 696
–1 917
–28
1 761
–1 789
–49
1 754
–1 803
38 139
54 763
32 890
9 166
9 595
10 432
3 696
7 609
9 030
CURRENT ACCOUNT
Goods and Services
Credits
Debits
Primary income
Credits
Debits
Secondary income
Credits
Debits
CAPITAL AND FINANCIAL ACCOUNT
Capital account
–611
–291
–556
–51
–202
–138
–165
–115
–126
Acquisition/disposal of non–produced,
non–financial assets
Credits
Debits
–244
2
–246
–4
22
–26
–29
73
–102
65
71
–6
–76
2
–78
–6
—
–6
–12
—
–12
1
1
—
—
—
—
Capital transfers
Credits
Debits
–367
—
–367
–287
—
–287
–527
—
–527
–116
—
–116
–126
—
–126
–132
—
–132
–153
—
–153
–116
—
–116
–126
—
–126
38 750
55 054
33 446
9 217
9 797
10 570
3 861
7 724
9 156
17 336
–30 999
48 335
20 668
–19 387
40 055
24 034
–15 227
39 261
–5 843
–12 928
7 085
5 875
–4 670
10 545
6 184
–280
6 463
17 818
2 651
15 167
5 863
–13 715
19 578
18 542
–5 393
23 935
Portfolio investment
Assets
Liabilities
48 539
4 467
44 072
70 085
–91 693
161 777
33 453
–60 241
93 694
18 976
–9 540
28 516
21 792
–12 472
34 264
–3 057
–18 369
15 312
–4 258
–19 860
15 602
21 298
103
21 195
15 027
–862
15 889
Financial derivatives
Assets
Liabilities
–3 491
30 782
–34 273
–9 762
34 033
–43 795
–10 959
42 718
–53 678
4 747
3 648
1 100
–5 747
15 633
–21 380
–6 204
11 868
–18 072
–3 755
11 570
–15 325
–17 904
1 577
–19 481
–222
1 837
–2 059
Other investment
Assets
Liabilities
–11 738
–50 927
39 189
–31 866
–23 437
–8 429
–9 884
–36 004
26 120
–6 442
4 648
–11 090
–11 003
–12 689
1 687
7 081
–6 910
13 991
479
–21 053
21 533
–1 197
–10 841
9 644
–20 448
11 729
–32 177
Reserve assets
–11 896
5 929
–3 199
–2 222
–1 121
6 567
–6 423
–336
–3 743
–867
1 255
136
–337
138
86
249
498
371
Financial account
Direct investment
Assets
Liabilities
NET ERRORS AND OMISSIONS
—
nil or rounded to zero (including null cells)
(a)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
29
2
INT E R N A T I O N A L IN V E S T M E N T PO S I T I O N (a ) : B y Ne t Fo r e i g n Eq u i t y a n d Ne t F o r e i g n D e b t
Position
at
beginning
of period
Pe r i o d
$m
CHANGES IN POSITION REFLECTING
Transactions
Price
changes
Exchange
rate changes
Other
adjustments
Position
at end
of
period
$m
$m
$m
$m
$m
29 397
–4 512
703 571
NET INTE R N A T I O N A L INVE ST ME N T POSI T I O N
2008–09
657 553
38 750
2009–10
703 571
55 054
15 169
5 498
–1 428
777 864
2010–11
777 864
33 446
–46 392
35 400
–1 664
798 654
2010–11
September
December
March
June
777 864
783 451
775 047
790 327
9 217
9 797
10 570
3 861
–21 298
–21 279
–1 554
–2 262
18 330
3 716
5 808
7 546
–663
–639
456
–818
783 451
775 047
790 327
798 654
2011–12
September
December
798 654
852 932
7 724
9 156
36 781
–16 340
10 590
9 475
–817
–571
852 932
854 652
–41 856
–6 721
77 932
–17 618
NET FORE I GN EQUI T Y
2008–09
56 601
65 739
2009–10
77 932
–10 718
18 937
9 322
–3 694
91 780
2010–11
91 780
–5 055
–49 785
79 071
–3 111
112 900
2010–11
September
December
March
June
91 780
107 016
126 601
111 724
–9 322
13 816
–11 156
1 607
–19 504
–14 763
–6 532
–8 987
45 091
21 466
2 699
9 815
–1 029
–933
110
–1 259
107 016
126 601
111 724
112 900
2011–12
September
December
112 900
111 733
2 325
11 581
23 661
–25 812
–25 297
22 104
–1 856
–338
111 733
119 268
4 170
NET FORE I GN DEBT
2008–09
600 952
–26 989
–21 788
71 253
2 211
625 639
2009–10
625 639
65 772
–3 768
–3 823
2 265
686 084
2010–11
686 084
38 501
3 393
–43 671
1 448
685 754
2010–11
September
December
March
June
686 084
676 435
648 445
678 604
18 540
–4 019
21 726
2 254
–1 794
–6 516
4 978
6 725
–26 761
–17 750
3 109
–2 269
366
295
346
441
676 435
648 445
678 604
685 754
2011–12
September
December
685 754
741 200
5 399
–2 426
13 120
9 473
35 887
–12 629
1 040
–233
741 200
735 385
(a)
30
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
3
FO R E I G N AS S E T S (a ) ( b ) : By E q u i t y an d De b t
Position
at
beginning
of period
Pe r i o d
$m
CHANGES IN POSITION REFLECTING
Transactions
Price
changes
Exchange
rate changes
Other
adjustments
Position
at end
of
period
$m
$m
$m
$m
$m
–73 031
–5 094
–1 089 230
TOTAL FORE I GN ASSE T S
2008–09
–1 083 291
–58 573
130 759
2009–10
–1 089 230
–94 554
–38 212
28 192
–3 495
–1 197 299
2010–11
–1 197 299
–71 952
–79 875
113 248
–5 602
–1 241 481
2010–11
September
December
March
June
–1 197 299
–1 206 105
–1 228 368
–1 243 865
–16 393
–15 318
–7 124
–33 116
–55 456
–31 297
–7 709
14 587
64 757
26 053
–28
22 466
–1 714
–1 699
–636
–1 553
–1 206 105
–1 228 368
–1 243 865
–1 241 481
2011–12
September
December
–1 241 481
–1 242 171
–23 212
3 567
57 365
–8 271
–33 067
36 311
–1 776
–1 641
–1 242 171
–1 212 204
–41 856
–3 313
–512 879
FOREI G N ASSE T S - EQU I T Y
2008–09
–580 845
–18 365
131 501
2009–10
–512 879
–58 842
–12 763
9 322
–3 887
–579 050
2010–11
–579 050
–56 444
–65 137
79 071
–4 190
–625 749
2010–11
September
December
March
June
–579 050
–600 744
–624 650
–641 310
–20 852
–11 592
–10 472
–13 528
–44 586
–32 659
–8 534
20 642
45 091
21 466
2 699
9 815
–1 346
–1 122
–353
–1 369
–600 744
–624 650
–641 310
–625 749
2011–12
September
December
–625 749
–580 015
–9 124
–6 762
81 670
–16 492
–25 297
22 104
–1 514
–1 289
–580 015
–582 455
FORE I G N ASSET S - DEBT
2008–09
–502 445
–40 209
–742
–31 175
–1 781
–576 352
2009–10
–576 352
–35 712
–25 449
18 871
393
–618 249
2010–11
–618 249
–15 508
–14 739
34 177
–1 412
–615 731
2010–11
September
December
March
June
–618 249
–605 361
–603 717
–602 555
4 458
–3 726
3 348
–19 588
–10 869
1 362
824
–6 055
19 666
4 587
–2 727
12 651
–367
–578
–283
–184
–605 361
–603 717
–602 555
–615 731
2011–12
September
December
–615 731
–662 156
–14 088
10 330
–24 305
8 221
–7 770
14 208
–261
–352
–662 156
–629 750
(a)
(b)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
For information about the quality of data for the latest quarter, see paragraph 6 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
31
4
FO R E I G N LIA B I L I T I E S (a) ( b ) : B y Eq u i t y a n d D e b t
Position
at
beginning
of period
Pe r i o d
$m
CHANGES IN POSITION REFLECTING
Transactions
Price
changes
Exchange
rate changes
Other
adjustments
Position
at end
of
period
$m
$m
$m
$m
$m
TOTAL FOREIGN LIABILI T IE S
2008–09
1 740 844
97 323
–148 376
102 428
581
1 792 801
2009–10
1 792 801
149 608
53 381
–22 694
2 067
1 975 163
2010–11
1 975 163
105 398
33 483
–77 848
3 939
2 040 135
2010–11
September
December
March
June
1 975 163
1 989 556
2 003 414
2 034 192
25 611
25 116
17 694
36 977
34 158
10 019
6 156
–16 849
–46 427
–22 337
5 836
–14 920
1 051
1 061
1 092
735
1 989 556
2 003 414
2 034 192
2 040 135
2011–12
September
December
2 040 135
2 095 104
30 936
5 588
–20 583
–8 069
43 657
–26 836
959
1 070
2 095 104
2 066 857
–3 409
590 811
FOR E I G N LIABI L I T I E S - EQU I T Y
2008–09
637 446
84 104
–127 331
—
2009–10
590 811
48 124
31 700
—
194
670 829
2010–11
670 829
51 389
15 352
—
1 078
738 649
2010–11
September
December
March
June
670 829
707 759
751 252
753 034
11 529
25 408
–683
15 135
25 083
17 896
2 002
–29 630
—
—
—
—
318
188
463
109
707 759
751 252
753 034
738 649
2011–12
September
December
738 649
691 747
11 449
18 344
–58 009
–9 320
—
—
–342
951
691 747
701 722
FOR EI G N LIAB I L I T I E S - DEBT
2008–09
1 103 398
13 220
–21 046
102 428
3 991
1 201 990
2009–10
1 201 990
101 484
21 680
–22 694
1 874
1 304 334
2010–11
1 304 334
54 009
18 132
–77 848
2 859
1 301 486
2010–11
September
December
March
June
1 304 334
1 281 796
1 252 162
1 281 158
14 082
–293
18 378
21 842
9 075
–7 877
4 154
12 780
–46 427
–22 337
5 836
–14 920
733
872
629
625
1 281 796
1 252 162
1 281 158
1 301 486
2011–12
September
December
1 301 486
1 403 356
19 486
–12 755
37 425
1 251
43 657
–26 836
1 301
119
1 403 356
1 365 135
—
(a)
32
nil or rounded to zero (including null cells)
For sign conventions, see paragraphs 3 to 5 of the
Explanatory Notes.
(b)
For information about the quality of data for the latest
quarter, see paragraph 6 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
5
CU R R E N T ACC O U N T TR A N S A C T I O N S (a) : Se a s o n a l l y A d j u s t e d an d Tr e n d Es t i m a t e s
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
–8 374
SEASO N A L L Y ADJU S T E D
CURRENT ACCOUNT
Goods and Services
Credits
Debits
Goods
Credits
Rural goods(b)
Non–rural goods(b)
Net exports of goods under merchanting(c)
Non–monetary gold(c)
Debits
Consumption goods
Capital goods
Intermediate and other merchandise goods
Non–monetary gold(c)
Services
Credits
Debits
Primary income
Credits
Debits
Secondary income
Credits (d)
Debits (d)
–7 320
–8 242
–11 160
–6 613
–5 824
5 849
6 334
2 350
6 063
6 133
3 589
73 889
–68 040
73 809
–67 475
71 725
–69 375
77 917
–71 853
81 676
–75 543
82 012
–78 424
7 037
7 846
4 382
8 098
9 028
6 377
60 905
7 208
50 396
75
3 226
61 091
7 152
49 980
75
3 884
59 454
7 586
48 078
67
3 723
65 309
8 461
53 419
6
3 423
69 430
8 750
56 394
–7
4 293
69 739
9 046
56 210
–18
4 500
–53 868
–16 403
–12 363
–23 908
–1 193
–53 245
–16 032
–12 338
–23 298
–1 577
–55 073
–15 763
–13 564
–24 698
–1 048
–57 211
–15 332
–13 728
–27 002
–1 149
–60 402
–16 275
–15 682
–26 764
–1 680
–63 361
–16 484
–17 018
–27 782
–2 078
–1 188
12 984
–14 172
–1 511
12 718
–14 230
–2 032
12 271
–14 302
–2 035
12 607
–14 642
–2 895
12 246
–15 141
–2 788
12 274
–15 062
–12 986
10 206
–23 192
–14 437
10 304
–24 741
–13 408
9 751
–23 160
–12 574
10 393
–22 967
–11 835
10 625
–22 460
–11 819
10 647
–22 467
–183
1 595
–1 778
–139
1 612
–1 751
–101
1 682
–1 784
–103
1 718
–1 821
–122
1 755
–1 877
–143
1 747
–1 890
–6 883
T R E N D E S T I M A T E S (e)
CURRENT ACCOUNT
Goods and Services
Credits
Debits
Goods
Credits
Rural goods(b)
Non–rural goods(b)(f )
Net exports of goods under merchanting
Non–monetary gold
Debits
Consumption goods
Capital goods(g)
Intermediate and other merchandise goods
Non–monetary gold
Services
Credits
Debits
Primary income
Credits
Debits
Secondary income
Credits
Debits
(a)
(b)
(c)
(d)
For sign conventions, see paragraphs 3 to 5 of the
Explanatory Notes.
For all time periods, estimates for sugar, sugar preparations
and honey are included in Non-rural goods.
This component is not seasonally adjusted.
In using this seasonally adjusted series, care should be
exercised because of the difficulties associated with reliably
estimating the seasonal pattern.
–7 365
–7 770
–8 209
–6 958
–7 017
5 959
5 963
5 454
5 850
5 121
4 957
73 574
–67 615
73 867
–67 904
75 157
–69 704
77 877
–72 028
80 663
–75 542
82 822
–77 865
7 112
7 488
7 370
8 128
7 744
7 863
60 666
7 037
50 063
78
3 489
61 171
7 299
50 201
75
3 596
62 664
7 724
51 228
52
3 659
65 478
8 262
53 389
20
3 808
68 324
8 751
55 498
–6
4 081
70 542
9 110
57 044
–16
4 403
–53 554
–16 272
–12 532
–23 119
–1 630
–53 684
–16 072
–12 454
–23 824
–1 334
–55 294
–15 893
–13 338
–24 922
–1 141
–57 350
–15 982
–13 915
–26 143
–1 309
–60 580
–16 218
–15 681
–27 078
–1 602
–62 679
–16 471
–16 592
–27 648
–1 968
–1 153
12 908
–14 061
–1 524
12 696
–14 220
–1 916
12 494
–14 410
–2 278
12 399
–14 678
–2 623
12 339
–14 962
–2 906
12 281
–15 187
–13 127
10 109
–23 236
–13 594
10 187
–23 781
–13 557
10 116
–23 672
–12 699
10 279
–22 978
–12 018
10 524
–22 542
–11 708
10 727
–22 435
–197
1 599
–1 797
–139
1 626
–1 765
–106
1 673
–1 779
–108
1 716
–1 824
–121
1 744
–1 865
–133
1 758
–1 890
(e)
(f)
(g)
Caution should be used when interpreting recent trend
estimates as they may be affected by unusual economic
factors. For details on trend estimates see paragraph 14 of
the Explanatory Notes.
A trend break of $7.8b to June quarter 2010 has been
applied to Non-rural goods and related aggregrates.
Trend breaks of $0.9b to March quarter 2011 and $0.8b to
September quarter 2011 have been applied to Capital goods
and related aggregrates.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
33
6
GO O D S AND SE R V I C E S (a) ( b ) : C h a i n V o l u m e Me a s u r e s a n d I n d e x e s
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
CHAI N VOLU M E MEAS U R E S – ORIGI N A L ($M)
Goods and services
–3 562
–4 621
–30 836
–4 777
–6 800
–10 305
–8 955
–15 375
–15 001
Credits
Goods
Services
241 050
187 975
54 023
253 762
201 751
52 011
254 367
204 827
49 540
65 549
52 762
12 788
66 944
54 213
12 731
58 265
46 200
12 064
63 609
51 652
11 957
65 829
54 090
11 739
67 392
55 428
11 964
Debits
Goods
Services
–244 612
–195 181
–49 298
–258 383
–204 995
–53 388
–285 203
–224 222
–60 981
–70 326
–55 343
–14 983
–73 744
–58 076
–15 668
–68 569
–53 999
–14 570
–72 564
–56 804
–15 760
–81 204
–64 091
–17 113
–82 393
–65 867
–16 527
CHAIN VOLU M E MEAS U R E S – SEAS O N A L L Y ADJU S T E D ($M)
Goods and services
. .
. .
. .
–4 392
–4 770
–10 541
–11 151
–14 089
–13 228
Credits
Goods
Services
. .
. .
. .
. .
. .
. .
. .
. .
. .
64 044
51 232
12 811
65 571
53 055
12 516
61 451
49 451
12 000
63 281
51 088
12 193
64 654
52 896
11 758
66 091
54 360
11 731
Debits
Goods
Services
. .
. .
. .
. .
. .
. .
. .
. .
. .
–68 436
–54 110
–14 326
–70 341
–55 134
–15 206
–71 993
–56 610
–15 383
–74 432
–58 368
–16 064
–78 743
–62 398
–16 345
–79 320
–63 258
–16 061
I M P L I C I T P R I C E D E F L A T O R S – S E A S O N A L L Y A D J U S T E D ( I N D E X ) (c)
Goods and Services
Credits
Goods
Services
Debits
Goods
Services
. .
. .
. .
. .
. .
. .
. .
. .
. .
115.4
118.9
101.3
112.6
115.1
101.6
116.7
120.2
102.3
123.1
127.8
103.4
126.3
131.3
104.2
124.1
128.3
104.6
. .
. .
. .
. .
. .
. .
. .
. .
. .
99.4
99.6
98.9
95.9
96.6
93.6
96.4
97.3
93.0
96.5
98.0
91.1
95.9
96.8
92.6
98.9
100.2
93.8
CHAI N LASP E Y R E S PRIC E INDE X E S – ORIG I N A L (IN D E X )
Goods and Services
Credits
Goods
Services
Debits
Goods
Services
116.3
121.5
98.1
100.0
100.0
100.0
117.2
121.1
102.2
115.5
119.3
101.3
111.6
114.1
101.7
118.8
123.0
102.5
122.8
127.8
103.3
125.9
131.4
104.3
123.4
128.1
104.9
112.6
112.3
114.0
100.0
100.0
100.0
97.7
98.6
94.1
100.4
101.0
98.7
96.1
97.1
93.5
97.0
98.5
92.9
97.1
99.1
91.2
97.6
99.3
92.6
99.8
101.8
93.8
T E R M S O F T R A D E – S E A S O N A L L Y A D J U S T E D ( I N D E X ) (d)
Goods and Services
Goods
Services
104.2
100.0
120.6
116.0
117.3
121.1
127.5
131.7
125.5
108.9
85.8
100.0
100.0
123.3
108.6
119.4
102.4
119.2
108.6
123.6
110.0
130.4
113.4
135.6
112.4
128.1
111.6
TER M S OF TRAD E – TREN D EST I M A T E S (IN D E X )
Goods and Services
Goods
Services
..
(a)
(b)
34
. .
. .
. .
115.4
119.4
123.5
128.0
128.6
129.3
. .
. .
. .
. .
. .
. .
118.4
103.9
122.2
107.2
126.2
110.7
131.3
112.3
131.8
112.5
132.4
112.2
not applicable
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
Reference year for chain volume measures, price and terms of trade
indexes is 2009–10. See paragraphs 17 to 22 of the Explanatory Notes.
(c)
(d)
The implicit price deflators are indirectly seasonally adjusted by taking the
ratio of seasonally adjusted current price values to seasonally adjusted
chain volume measures.
Quarterly figures are derived from seasonally adjusted data. Annual series
are derived from original data.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
7
GO O D S CR E D I T S : Or i g i n a l
2008–09 2009–10 2010–11
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
231 623
201 751
246 953
62 621
61 800
56 727
65 805
70 780
70 571
213 814
187 201
232 474
59 320
57 841
52 937
62 376
66 494
66 089
29 429
7 454
6 881
2 322
12 772
25 589
6 350
5 266
2 306
11 667
30 473
6 930
7 351
3 048
13 144
7 058
1 715
1 482
496
3 365
7 061
1 857
1 478
804
2 922
7 548
1 567
2 114
878
2 989
8 806
1 791
2 277
870
3 868
8 511
1 776
1 997
669
4 069
8 877
2 007
2 115
881
3 874
184 385
52 057
54 954
20 706
12 394
8 900
5 090
17 601
11 052
2 639
1 500
6 913
161 612
53 611
36 777
18 964
10 735
7 977
4 073
16 375
11 711
2 345
2 067
7 299
202 001
79 399
44 099
23 619
12 687
8 444
3 902
16 289
11 972
2 168
1 619
8 185
52 262
19 209
12 563
6 074
3 015
2 233
984
4 230
3 567
610
826
2 131
50 780
19 564
11 199
5 836
3 182
2 246
986
4 323
3 049
577
507
1 965
45 389
18 754
8 483
5 419
3 281
1 887
875
3 715
2 581
460
139
1 982
53 570
21 872
11 854
6 290
3 209
2 078
1 057
4 021
2 775
521
147
2 107
57 983
23 754
13 203
6 535
3 209
2 269
1 019
4 483
3 095
558
np
np
57 212
22 768
13 628
6 721
3 052
2 368
1 052
4 265
2 945
540
np
np
1 631
1 389
1 590
387
395
394
414
416
413
Net exports of goods under merchanting
Goods acquired under merchanting (negative exports)
Goods sold under merchanting
301
–2 386
2 687
250
–1 799
2 049
223
–1 725
1 948
75
–578
653
75
–626
701
67
–247
314
6
–274
280
–7
–271
264
–18
–322
304
Non–monetary gold
17 508
14 300
14 256
3 226
3 884
3 723
3 423
4 293
4 500
GOODS CREDITS
General Merchandise
Rural goods
Meat and meat preparations
Cereal grains and cereal preparations
Wool and sheepskins
Other rural
Non–rural goods
Metal ores and minerals
Coal, coke and briquettes
Other mineral fuels
Metals (excl. non–monetary gold)
Machinery
Transport equipment
Other manufactures
Other non–rural (incl. sugar and beverages)
Beverages
Sugar, sugar preparations & honey
Other
Goods procured in ports by carriers
np
Sep Qtr
2010
not available for publication but included in totals where applicable, unless otherwise indicated
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
35
8
GO O D S DE B I T S (a) : Or i g i n a l
GOODS DEBITS
General Merchandise
36
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–220 890 –204 995 –219 243
–55 383
–55 788
–52 583
–55 489
–62 321
–65 551
–209 587 –198 132 –214 276
–54 190
–54 211
–51 535
–54 340
–60 641
–63 473
Consumption goods
Food and beverages, mainly for consumption
Household electrical items
Non–industrial transport equipment
Textiles, clothing and footwear
Toys, books and leisure goods
Consumption goods n.e.s.
–61 419
–8 857
–5 488
–13 247
–8 287
–5 277
–20 263
–62 333
–8 712
–5 505
–16 288
–7 514
–4 675
–19 639
–63 560
–8 951
–4 861
–15 953
–8 412
–4 443
–20 940
–17 188
–2 398
–1 381
–4 305
–2 264
–1 264
–5 576
–17 405
–2 454
–1 482
–4 556
–2 051
–1 386
–5 476
–14 490
–2 015
–876
–3 751
–2 184
–821
–4 843
–14 477
–2 084
–1 122
–3 341
–1 913
–972
–5 045
–17 114
–2 463
–1 237
–4 131
–2 319
–1 189
–5 775
–17 729
–2 764
–1 317
–4 381
–2 092
–1 312
–5 863
Capital goods
Machinery and industrial equipment
ADP equipment
Telecommunications equipment
Civil aircraft and confidentialised items (b)
Industrial transport equipment n.e.s.
Capital goods n.e.s.
–50 422
–18 488
–7 257
–6 431
–5 524
–6 538
–6 184
–47 507
–15 561
–7 633
–6 051
–5 051
–6 811
–6 400
–51 854
–15 727
–7 786
–6 999
–5 254
–6 854
–9 234
–12 637
–4 024
–2 104
–1 763
–1 007
–1 805
–1 934
–13 091
–3 996
–1 872
–2 116
–1 429
–1 765
–1 913
–12 746
–3 731
–1 702
–1 544
–1 409
–1 741
–2 619
–13 380
–3 976
–2 108
–1 576
–1 409
–1 543
–2 768
–16 228
–4 841
–2 009
–1 734
–1 337
–2 145
–4 162
–17 758
–4 979
–2 141
–2 498
–2 060
–1 983
–4 097
Intermediate and other merchandise goods
Food and beverages, mainly for industry
Primary industrial supplies n.e.s.
Fuels and lubricants
Parts for transport equipment
Parts for ADP equipment
Other parts for capital goods
Organic and inorganic chemicals
Paper and paperboard
Textile yarn and fabrics
Iron and steel
Plastics
Processed industrial supplies n.e.s.
Other merchandise goods (b)
Goods procured in ports by carriers
–97 746
–1 186
–1 901
–28 292
–8 599
–1 067
–14 312
–5 384
–2 403
–1 344
–5 528
–3 028
–21 919
–1 203
–1 580
–88 292
–1 035
–1 346
–26 494
–8 221
–973
–13 755
–4 355
–2 299
–1 170
–3 258
–2 733
–20 026
–1 231
–1 396
–98 862
–1 223
–1 713
–32 070
–8 881
–906
–14 295
–4 471
–2 339
–1 135
–3 764
–2 886
–21 915
–1 597
–1 667
–24 365
–284
–427
–6 808
–2 250
–247
–3 693
–1 189
–680
–316
–1 065
–796
–5 492
–732
–386
–23 715
–302
–459
–7 415
–2 091
–238
–3 621
–1 063
–613
–277
–934
–705
–5 259
–368
–370
–24 299
–303
–351
–8 189
–2 193
–206
–3 290
–1 190
–542
–263
–828
–663
–5 609
–234
–438
–26 483
–334
–476
–9 658
–2 347
–215
–3 691
–1 029
–504
–279
–937
–722
–5 555
–263
–473
–27 299
–303
–471
–9 005
–2 554
–192
–3 547
–1 174
–614
–300
–911
–771
–6 565
–408
–484
–27 986
–338
–528
–9 926
–2 545
–176
–3 497
–1 082
–547
–287
–915
–828
–6 373
–475
–469
–11 303
–6 863
–4 967
–1 193
–1 577
–1 048
–1 149
–1 680
–2 078
Non–monetary gold
(a)
(b)
2008–09
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
From September quarter 2008, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Civil aircraft and confidentialised items. For
earlier periods, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Other merchandise goods.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
9
GO O D S CR E D I T S : Se a s o n a l l y A d j u s t e d
GOODS CREDITS
General Merchandise
Rural goods
Meat and meat preparations
Cereal grains and cereal preparations
Wool and sheepskins
Other rural
Non–rural goods
Metal ores and minerals
Coal, coke and briquettes (a)
Other mineral fuels (b)
Metals (excl. non–monetary gold)(b)
Machinery
Transport equipment
Other manufactures
Other non–rural (incl. sugar and beverages)
Beverages
Sugar, sugar preparations & honey
Other (c)
Goods procured in ports by carriers(b)
Net exports of goods under merchanting (c)
Non–monetary gold (c)
np
(a)
not available for publication but included in totals where
applicable, unless otherwise indicated
Only a length-of-quarter adjustment has been applied to
this component.
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
60 905
61 091
59 454
65 309
69 430
69 739
57 604
7 208
1 717
1 580
627
3 285
57 132
7 152
1 699
1 816
708
2 929
55 664
7 586
1 775
1 796
839
3 176
61 880
8 461
1 745
2 122
849
3 745
65 144
8 750
1 781
2 180
847
3 942
65 257
9 046
1 824
2 526
775
3 921
50 396
18 235
12 469
5 760
2 993
2 119
972
4 031
3 436
563
742
2 131
49 980
19 689
11 115
5 554
3 128
2 100
863
4 148
2 995
552
478
1 965
48 078
19 747
8 607
5 870
3 505
2 102
1 029
4 068
2 749
529
238
1 982
53 419
21 437
11 895
6 534
3 105
2 125
1 066
4 049
2 785
520
158
2 107
56 394
23 257
13 104
6 080
3 172
2 149
981
4 267
2 973
515
np
np
56 210
22 632
13 526
6 502
3 010
2 211
942
4 092
2 891
517
np
np
381
388
400
423
411
404
75
3 226
75
3 884
67
3 723
6
3 423
–7
4 293
–18
4 500
(b)
(c)
In using these seasonally adjusted series, care should
be exercised because of the difficulties associated with
reliably estimating the seasonal pattern.
This component is not seasonally adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
37
10
GO O D S DE B I T S (a) : S e a s o n a l l y Ad j u s t e d
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
–53 868
–53 245
–55 073
–57 211
–60 402
–63 361
–52 675
–51 668
–54 025
–56 062
–58 722
–61 283
Consumption goods
Food and beverages, mainly for consumption
Household electrical items
Non–industrial transport equipment
Textiles, clothing and footwear
Toys, books and leisure goods
Consumption goods n.e.s.
–16 403
–2 318
–1 285
–4 272
–2 097
–1 153
–5 280
–16 032
–2 177
–1 235
–4 221
–2 084
–1 178
–5 138
–15 763
–2 163
–1 167
–4 121
–2 043
–1 049
–5 219
–15 332
–2 299
–1 151
–3 344
–2 198
–1 023
–5 317
–16 275
–2 380
–1 140
–4 057
–2 159
–1 087
–5 452
–16 484
–2 461
–1 110
–4 114
–2 126
–1 125
–5 548
Capital goods
Machinery and industrial equipment
ADP equipment
Telecommunications equipment
Civil aircraft and confidentialised items (b)(c )
Industrial transport equipment n.e.s.
Capital goods n.e.s.
–12 363
–3 891
–2 076
–1 791
–1 007
–1 713
–1 886
–12 338
–3 689
–1 861
–1 793
–1 429
–1 726
–1 840
–13 564
–3 973
–1 885
–1 765
–1 409
–1 810
–2 723
–13 728
–4 226
–1 957
–1 647
–1 409
–1 604
–2 884
–15 682
–4 619
–1 974
–1 751
–1 337
–2 044
–3 957
–17 018
–4 701
–2 164
–2 135
–2 060
–1 940
–4 019
Intermediate and other merchandise goods
Food and beverages, mainly for industry
Primary industrial supplies n.e.s.(d)
Fuels and lubricants(b)
Parts for transport equipment
Parts for ADP equipment
Other parts for capital goods
Organic and inorganic chemicals
Paper and paperboard
Textile yarn and fabrics
Iron and steel
Plastics (d)
Processed industrial supplies n.e.s.
Other merchandise goods (c)(e )
Goods procured in ports by carriers(b)
–23 908
–282
–420
–6 808
–2 162
–248
–3 684
–1 189
–621
–293
–1 004
–758
–5 323
–732
–386
–23 298
–291
–393
–7 415
–2 077
–242
–3 474
–1 063
–587
–272
–900
–673
–5 173
–368
–370
–24 698
–311
–383
–8 189
–2 248
–212
–3 478
–1 139
–569
–278
–851
–704
–5 664
–234
–438
–27 002
–340
–532
–9 658
–2 398
–206
–3 662
–1 075
–554
–292
–1 014
–749
–5 788
–263
–473
–26 764
–302
–455
–9 005
–2 461
–192
–3 521
–1 181
–561
–277
–849
–734
–6 335
–408
–484
–27 782
–327
–463
–9 926
–2 551
–180
–3 412
–1 093
–529
–286
–900
–800
–6 369
–475
–469
–1 193
–1 577
–1 048
–1 149
–1 680
–2 078
GOODS DEBITS
General Merchandise
Non–monetary gold (b)
(a)
(b)
(c)
(d)
(e)
38
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
This component is not seasonally adjusted.
From September quarter 2008, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Civil
aircraft and confidentialised items. For earlier periods, commodities subject to a 'no commodity details' or 'no value details'
restriction are included in Other merchandise goods.
In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating
the seasonal pattern.
From September quarter 1981, this component is not seasonally adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
11
GO O D S CR E D I T S , Ch a i n Vo l u m e Mea s u r e s ( a ) : Se a s o n a l l y A d j u s t e d
GOODS CREDITS
General Merchandise
Rural goods
Meat and meat preparations
Cereal grains and cereal preparations
Wool and sheepskins
Other rural
Non–rural goods
Metal ores and minerals (b)
Coal, coke and briquettes (b)(c )
Other mineral fuels (b)(d )
Metals (excl. non–monetary gold)(d)
Machinery
Transport equipment
Other manufactures
Other non–rural (incl. sugar and beverages)
Beverages
Sugar, sugar preparations & honey
Other (e)
Goods procured in ports by carriers(d)
Net exports of goods under merchanting (e)
Non–monetary gold (e)
np
(a)
(b)
(c)
(d)
(e)
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
51 232
53 055
49 451
51 088
52 896
54 360
48 215
6 948
1 636
1 692
602
3 018
49 519
6 731
1 641
1 668
605
2 818
46 077
6 657
1 601
1 547
613
2 896
48 084
7 196
1 585
1 823
560
3 229
49 557
7 588
1 678
1 956
552
3 403
51 010
7 944
1 670
2 368
513
3 393
41 267
12 802
9 356
5 356
2 946
2 132
987
4 002
3 321
542
843
1 936
42 789
14 874
9 453
4 990
2 991
2 190
924
4 248
2 746
559
456
1 732
39 420
13 372
8 185
4 678
3 131
2 198
1 078
4 052
2 376
512
219
1 645
40 888
14 158
8 283
5 024
3 007
2 311
1 162
4 050
2 554
519
157
1 878
41 969
15 132
8 770
4 521
3 023
2 320
1 046
4 185
2 630
502
np
np
43 066
16 056
9 235
4 432
3 100
2 404
990
4 010
2 511
492
np
np
365
372
350
338
341
328
56
2 961
57
3 479
48
3 327
4
3 000
–5
3 344
–13
3 363
not available for publication but included in totals where applicable, unless otherwise indicated
Reference year for chain volume measures is 2009–10. See paragraph 17 of the Explanatory Notes.
From September quarter 2005, this chain volume measures series is independently seasonally adjusted to the
corresponding current price value. See paragraph 12 of the Explanatory Notes.
Only a length-of-quarter adjustment has been applied to this component.
In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably
estimating the seasonal pattern.
This component is not seasonally adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
39
12
GO O D S DE B I T S , Ch a i n Vo l u m e Mea s u r e s ( a ) ( b ) : Se a s o n a l l y A d j u s t e d
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
–54 110
–55 134
–56 610
–58 368
–62 398
–63 258
–53 023
–53 727
–55 671
–57 372
–61 123
–61 731
Consumption goods
Food and beverages, mainly for consumption
Household electrical items
Non–industrial transport equipment
Textiles, clothing and footwear
Toys, books and leisure goods
Consumption goods n.e.s.
–16 430
–2 316
–1 392
–4 366
–2 013
–1 153
–5 189
–16 769
–2 292
–1 446
–4 349
–2 133
–1 264
–5 284
–16 536
–2 256
–1 360
–4 287
–2 076
–1 143
–5 414
–16 283
–2 391
–1 420
–3 479
–2 293
–1 144
–5 557
–17 307
–2 458
–1 409
–4 253
–2 138
–1 224
–5 824
–17 236
–2 491
–1 372
–4 342
–1 992
–1 259
–5 780
Capital goods
Machinery and industrial equipment
ADP equipment
Telecommunications equipment
Civil aircraft and confidentialised items (c)(d )
Industrial transport equipment n.e.s.
Capital goods n.e.s.
–12 630
–3 879
–2 207
–1 826
–1 000
–1 720
–1 998
–13 244
–3 850
–2 185
–1 934
–1 542
–1 728
–2 005
–14 768
–4 205
–2 276
–1 954
–1 551
–1 846
–2 936
–15 547
–4 592
–2 551
–1 893
–1 622
–1 662
–3 227
–17 895
–4 961
–2 593
–2 059
–1 533
–2 127
–4 622
–18 867
–4 890
–2 785
–2 399
–2 245
–2 037
–4 510
Intermediate and other merchandise goods
Food and beverages, mainly for industry
Primary industrial supplies n.e.s.(e)
Fuels and lubricants(f)
Parts for transport equipment
Parts for ADP equipment
Other parts for capital goods
Organic and inorganic chemicals
Paper and paperboard
Textile yarn and fabrics
Iron and steel
Plastics (e)
Processed industrial supplies n.e.s.
Other merchandise goods (d)(g)
Goods procured in ports by carriers(c)
–23 964
–269
–411
–6 964
–2 127
–255
–3 738
–1 236
–635
–270
–905
–734
–5 312
–722
–386
–23 715
–279
–377
–7 137
–2 103
–274
–3 709
–1 156
–614
–270
–882
–745
–5 422
–377
–371
–24 367
–288
–352
–7 230
–2 301
–249
–3 739
–1 258
–618
–273
–821
–774
–5 844
–237
–381
–25 542
–293
–488
–7 452
–2 487
–259
–4 077
–1 136
–616
–279
–956
–811
–5 994
–264
–433
–25 921
–267
–433
–7 526
–2 545
–245
–3 887
–1 143
–612
–252
–808
–822
–6 527
–409
–444
–25 628
–292
–445
–7 341
–2 586
–224
–3 674
–1 092
–569
–246
–849
–889
–6 545
–465
–412
–1 086
–1 407
–939
–997
–1 275
–1 528
GOODS DEBITS
General Merchandise
Non-monetary gold (c)
(a)
(b)
(c)
(d)
40
For sign conventions, see paragraphs 3 to 5 of the
Explanatory Notes.
Reference year for chain volume measures is 2009–10.
See paragraph 17 of the Explanatory Notes.
This component is not seasonally adjusted.
From September quarter 2008, commodities subject to a
'no commodity details' or 'no value details' restriction are
included in Civil aircraft and confidentialised items. For
earlier periods, commodities subject to a 'no commodity
details' or 'no value details' restriction are included in Other
merchandise goods.
(e)
(f)
(g)
In using these seasonally adjusted series, care should be
exercised because of the difficulties associated with reliably
estimating the seasonal pattern.
From September quarter 2005, this chain volume measures
series is independently seasonally adjusted to the
corresponding current price value. See paragraph 12 of the
Explanatory Notes.
From September quarter 1981, this component is not
seasonally adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
13
GO O D S CR E D I T S , Im p l i c i t Pr i c e Def l a t o r s ( a ) ( b ) : Or i g i n a l an d Se a s o n a l l y A d j u s t e d
SEASONALLY ADJUSTED(c)
ORIGINAL
GOODS CREDITS
General Merchandise
Rural goods
Meat and meat preparations
Cereal grains and cereal preparations
Wool and sheepskins
Other rural
Non–rural goods
Metal ores and minerals
Coal, coke and briquettes (d)
Other mineral fuels (e)
Metals (excl. non–monetary gold)(e)
Machinery
Transport equipment
Other manufactures
Other non–rural (incl. sugar and beverages)
Beverages
Sugar, sugar preparations & honey
Other (f)
np
(a)
(b)
(c)
(d)
(e)
(f)
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
index
index
index
index
index
index
index
index
index
123.2
100.0
120.6
118.9
115.1
120.2
127.8
131.3
128.3
125.4
116.4
109.1
144.1
98.9
111.3
100.0
100.0
100.0
100.0
100.0
100.0
121.1
110.7
107.2
109.2
128.1
109.9
119.5
103.7
105.0
93.4
104.1
108.9
115.4
106.3
103.5
108.9
117.1
104.0
120.8
113.9
110.8
116.1
136.9
109.7
128.7
117.6
110.1
116.4
151.7
116.0
131.5
115.3
106.2
111.5
153.5
115.8
127.9
113.9
109.2
106.7
151.0
115.5
126.8
112.2
177.6
118.2
108.8
107.6
111.2
110.3
107.8
112.2
78.4
114.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
122.9
143.8
125.0
117.8
105.1
95.6
94.0
99.6
108.9
101.6
96.7
113.8
122.1
142.4
133.3
107.5
101.6
99.4
98.5
100.7
103.5
103.8
88.0
110.1
116.8
132.4
117.6
111.3
104.6
95.9
93.4
97.7
109.0
98.7
104.9
113.5
122.0
147.7
105.2
125.5
111.9
95.6
95.4
100.4
115.7
103.3
108.8
120.5
130.6
151.4
143.6
130.1
103.3
91.9
91.8
100.0
109.0
100.2
100.7
112.2
134.4
153.7
149.4
134.5
104.9
92.6
93.8
102.0
113.0
102.7
np
np
130.5
141.0
146.5
146.7
97.1
92.0
95.1
102.0
115.2
105.1
np
np
Jun Qtr Sep Qtr Dec Qtr
2011
2011
2011
Goods procured in ports by carriers(e)
111.4
100.0
111.6
104.3
104.4
114.2
125.0
120.5
123.2
Net exports of goods under merchanting (f)
Non–monetary gold (f)
112.2
95.4
100.0
100.0
133.7
111.7
132.8
109.0
131.9
111.6
141.0
111.9
143.5
114.1
145.8
128.4
134.9
133.8
not available for publication but included in totals where applicable, unless otherwise indicated
Reference year for price indexes is 2009–10. See paragraph 19 of the Explanatory Notes.
Quarterly figures are derived from seasonally adjusted data. Annual figures are derived from original data.
The implicit price deflators are indirectly seasonally adjusted by taking the ratio of seasonally adjusted current price values to seasonally adjusted chain volume
measures.
Only a length-of-quarter adjustment has been applied to this component.
In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
This component is not seasonally adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
41
14
GO O D S DE B I T S , Im p l i c i t Pr i c e Def l a t o r s ( a ) ( b ) : Or i g i n a l an d Se a s o n a l l y A d j u s t e d
SEASONALLY ADJUSTED(c)
ORIGINAL
GOODS DEBITS
General Merchandise
(d)
(e)
(f)
(g)
42
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
index
index
index
index
96.6
97.3
98.0
96.8
100.2
2009–10
2010–11
index
index
index
index
index
113.2
100.0
97.8
99.6
113.7
100.0
97.5
99.3
96.2
97.0
97.7
96.1
99.3
Consumption goods
Food and beverages, mainly for consumption
Household electrical items
Non–industrial transport equipment
Textiles, clothing and footwear
Toys, books and leisure goods
Consumption goods n.e.s.
107.8
108.7
114.0
101.0
115.1
114.6
106.8
100.0
100.0
100.0
100.0
100.0
100.0
100.0
96.3
96.7
86.5
96.8
98.8
94.4
97.7
99.8
100.1
92.3
97.8
104.2
100.0
101.8
95.6
95.0
85.4
97.1
97.7
93.2
97.2
95.3
95.9
85.8
96.1
98.4
91.7
96.4
94.2
96.2
81.1
96.1
95.9
89.4
95.7
94.0
96.8
80.9
95.4
101.0
88.8
93.6
95.6
98.8
80.9
94.8
106.7
89.4
96.0
Capital goods
Machinery and industrial equipment
ADP equipment
Telecommunications equipment
Civil aircraft and confidentialised items (d)(e )
Industrial transport equipment n.e.s.
Capital goods n.e.s.
116.5
112.6
130.8
120.4
120.8
106.1
113.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
92.3
95.2
84.5
92.0
91.9
98.5
90.8
97.9
100.3
94.1
98.1
100.7
99.6
94.4
93.2
95.8
85.2
92.7
92.7
99.9
91.8
91.8
94.5
82.8
90.3
90.8
98.0
92.7
88.3
92.0
76.7
87.0
86.8
96.5
89.4
87.6
93.1
76.1
85.0
87.2
96.1
85.6
90.2
96.1
77.7
89.0
91.7
95.2
89.1
Intermediate and other merchandise goods
Food and beverages, mainly for industry
Primary industrial supplies n.e.s.(f)
Fuels and lubricants
Parts for transport equipment
Parts for ADP equipment
Other parts for capital goods
Organic and inorganic chemicals
Paper and paperboard
Textile yarn and fabrics
Iron and steel
Plastics (f)
Processed industrial supplies n.e.s.
Other merchandise goods (d)(g)
Goods procured in ports by carriers(e)
116.5
119.8
146.4
113.8
108.9
130.5
111.6
128.5
113.4
120.2
124.3
112.9
120.4
110.7
118.6
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
101.3
108.3
105.2
111.4
98.5
87.4
93.7
93.4
94.2
104.1
105.6
94.2
97.1
99.8
106.1
99.8
104.9
102.2
97.8
101.6
97.3
98.6
96.2
97.8
108.7
111.0
103.3
100.2
101.4
99.9
98.2
104.2
104.2
103.9
98.8
88.5
93.7
91.9
95.5
100.9
102.0
90.3
95.4
97.6
99.8
101.4
107.9
108.7
113.3
97.7
85.2
93.0
90.5
92.1
101.8
103.6
90.9
96.9
98.9
114.9
105.7
116.0
109.0
129.6
96.4
79.6
89.8
94.7
90.0
104.8
106.1
92.3
96.6
99.7
109.3
103.3
112.9
105.0
119.7
96.7
78.3
90.6
103.4
91.6
110.0
105.1
89.2
97.1
99.7
108.9
108.4
111.9
104.1
135.2
98.7
80.5
92.9
100.1
92.9
116.1
106.0
90.0
97.3
102.2
113.9
96.6
100.0
112.1
109.8
112.1
111.6
115.3
131.8
136.0
Non–monetary gold (e)
(a)
(b)
(c)
Sep Qtr Dec Qtr Mar Qtr
2010
2010
2011
2008–09
Reference year for price indexes is 2009–10. See paragraph 19 of the Explanatory Notes.
Quarterly figures are derived from seasonally adjusted data. Annual figures are derived from original data.
The implicit price deflators are indirectly seasonally adjusted by taking the ratio of seasonally adjusted current price values to seasonally adjusted chain volume
measures.
From September quarter 2008, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Civil aircraft and confidentialised
items. For earlier periods, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Other merchandise goods.
This component is not seasonally adjusted.
In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
From September quarter 1981, this component is not seasonally adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
15
SE R V I C E S CR E D I T S (a) : Or i g i n a l
2008–09
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
52 948
52 011
50 546
12 949
12 924
12 321
12 352
12 214
12 504
45
86
7 342
3 410
851
2 127
954
48
57
6 189
2 610
436
2 188
955
33
49
6 330
2 714
394
2 253
969
9
14
1 701
682
106
605
308
9
18
1 595
727
94
560
214
7
8
1 601
761
96
541
203
8
9
1 433
544
98
547
244
7
14
1 610
617
94
578
321
4
9
1 659
745
89
592
233
31 086
2 696
28 390
16 725
11 665
32 918
2 808
30 110
17 995
12 115
30 968
3 276
27 692
15 753
11 939
8 037
761
7 276
4 406
2 870
7 836
753
7 083
3 737
3 346
7 629
900
6 729
3 571
3 158
7 466
862
6 604
4 039
2 565
7 219
903
6 316
3 558
2 758
7 176
892
6 284
2 781
3 503
Construction
Insurance and pension services
Financial services
Charges for the use of intellectual property n.i.e.
Telecommunications, computer and information services
Telecommunication services
Computer and information services
Computer services
Information services
Other services
103
366
1 548
872
2 076
290
1 786
1 496
34
256
128
337
1 070
986
1 743
233
1 510
1 228
39
243
68
348
1 071
938
1 713
152
1 561
1 310
81
170
23
81
240
202
408
44
364
303
20
41
15
77
249
303
464
40
424
350
32
42
20
80
276
176
428
35
393
341
14
38
10
110
306
257
413
33
380
316
15
49
29
111
442
192
420
33
387
320
15
52
29
110
464
199
453
35
418
345
20
53
Other business services
Research and development services
Professional and management consulting services
Legal, accounting, management consulting, public
relations and other professional services
Advertising, market research and public opinion polling
7 779
601
3 731
6 911
525
3 109
7 358
538
3 098
1 824
132
736
1 981
168
851
1 617
108
738
1 936
130
773
1 735
123
801
1 970
139
919
3 342
389
2 765
344
2 746
352
668
68
740
111
646
92
692
81
707
94
802
117
Technical, trade–related and other business services
Architectural, engineering and other technical services
Waste treatment and de–pollution, agricultural and
mining services
Operational leasing services
Trade–related commission services
Other business services n.i.e.
3 447
1 626
3 277
1 678
3 722
1 938
956
474
962
472
771
425
1 033
567
811
474
912
523
281
347
731
462
240
388
525
446
308
236
807
433
94
72
203
113
121
53
210
106
36
54
162
94
57
57
232
120
22
61
162
92
24
58
211
96
Personal, cultural and recreational services
Audiovisual and related services
Other personal, cultural and recreational services
797
163
634
772
140
632
818
164
654
200
34
166
167
27
140
263
71
192
188
32
156
225
58
167
221
62
159
Government goods and services n.i.e.
848
852
852
210
210
216
216
210
210
829
–539
34 496
775
–519
35 528
911
–620
33 682
214
–147
8 719
215
–145
8 563
200
–138
8 390
282
–190
8 010
284
–191
7 836
283
–191
7 921
Manufacturing services on physical inputs owned by others
Maintenance and repair services n.i.e.
Transport
Passenger (b)
Freight
Other
Postal and courier services (c)
Travel
Business
Personal
Education–related
Other services (d)
MEMORANDUM ITEMS:
Gross inward insurance premiums receivable
Gross inward insurance claims payable
Tourism related services (e)
(b)
Sep Qtr
2010
$m
SERVICES CREDITS
(a)
2009–10 2010–11
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au> with a one quarter lag.
Passenger transport services includes agency fees and commissions for air
transport.
(c)
(d)
(e)
Postal and courier services includes indirect commissions for sea transport.
Other personal travel includes health–related travel.
For a more detailed explanation of tourism related services, see paragraph 30 of
the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
43
16
SE R V I C E S DE B I T S (a) ( b ) : Or i g i n a l
SERVICES DEBITS
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–53 388
–57 294
—
–193
–15 832
–5 835
–9 388
–437
–172
—
–294
–13 727
–5 118
–8 142
–309
–158
–1
–342
–14 749
–6 103
–8 244
–288
–114
—
–52
–3 951
–1 558
–2 257
–73
–63
—
–64
–3 805
–1 572
–2 147
–71
–15
—
–73
–3 396
–1 424
–1 880
–73
–19
–1
–153
–3 597
–1 549
–1 960
–71
–17
—
–79
–4 063
–1 677
–2 247
–79
–60
—
–94
–3 956
–1 584
–2 270
–82
–20
Travel
Business
Personal
Education–related
Other services (e)
–22 082
–3 022
–19 060
–829
–18 231
–23 285
–2 949
–20 336
–878
–19 458
–25 374
–2 781
–22 593
–914
–21 679
–6 675
–717
–5 958
–317
–5 641
–6 308
–699
–5 609
–189
–5 420
–5 897
–718
–5 179
–226
–4 953
–6 494
–647
–5 847
–182
–5 665
–7 246
–715
–6 531
–314
–6 217
–6 803
–666
–6 137
–199
–5 938
Construction
Insurance and pension services
Financial services
Charges for the use of intellectual property n.i.e.
Telecommunications, computer and information services
Telecommunication services
Computer and information services
Computer services
Information services
Other services
—
–599
–886
–3 526
–2 248
–607
–1 641
–1 411
–45
–185
—
–559
–654
–3 587
–1 991
–480
–1 511
–1 252
–28
–231
—
–571
–666
–3 815
–2 013
–393
–1 620
–1 336
–76
–208
—
–140
–152
–920
–490
–100
–390
–316
–19
–55
—
–138
–198
–983
–571
–114
–457
–383
–21
–53
—
–143
–163
–949
–485
–109
–376
–311
–17
–48
—
–150
–153
–963
–467
–70
–397
–326
–19
–52
—
–147
–157
–989
–507
–74
–433
–374
–15
–44
—
–149
–168
–1 025
–556
–84
–472
–401
–19
–52
Other business services
Research and development services
Professional and management consulting services
Legal, accounting, management consulting, public
relations and other professional services
Advertising, market research and public opinion
polling
–8 549
–267
–3 332
–7 090
–238
–2 702
–7 402
–232
–2 581
–1 896
–42
–651
–1 969
–70
–704
–1 757
–48
–611
–1 780
–72
–615
–2 065
–41
–651
–2 178
–53
–716
–3 163
–2 537
–2 387
–610
–650
–563
–564
–627
–681
–169
–165
–194
–41
–54
–48
–51
–24
–35
Technical, trade–related and other business services
Architectural, engineering and other technical
services
Waste treatment and de–pollution, agricultural and
mining services
Operational leasing services
Trade–related commission services
Other business services n.i.e.
–4 950
–4 150
–4 589
–1 203
–1 195
–1 098
–1 093
–1 373
–1 409
–1 895
–1 900
–2 550
–661
–634
–665
–590
–745
–788
–839
–905
–220
–1 091
–531
–628
–197
–894
–543
–528
–277
–691
–146
–140
–57
–199
–204
–127
–53
–177
–73
–122
–80
–158
–120
–139
–87
–157
–153
–157
–62
–256
–144
–152
–63
–262
–1 565
–1 378
–187
–1 313
–1 106
–207
–1 473
–1 201
–272
–294
–252
–42
–381
–310
–71
–439
–336
–103
–359
–303
–56
–356
–300
–56
–333
–269
–64
–848
–888
–888
–222
–222
–222
–222
–222
–222
–975
630
–27 917
–1 055
675
–28 403
–1 087
713
–31 477
–260
169
–8 233
–254
164
–7 880
–284
187
–7 321
–289
193
–8 043
–299
202
–8 923
–317
213
–8 387
MEMORANDUM ITEMS:
Gross outward insurance premiums payable
Gross outward insurance claims receivable
Tourism related services (f)
44
2010–11
–56 328
Government goods and services n.i.e.
(c)
2009–10
Manufacturing services on physical inputs owned by others
Maintenance and repair services n.i.e.
Transport
Passenger (c)
Freight
Other
Postal and courier services (d)
Personal, cultural and recreational services
Audiovisual and related services
Other personal, cultural and recreational services
—
(a)
(b)
2008–09
nil or rounded to zero (including null cells)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au> with a one quarter lag.
Passenger transport services includes agency fees and commissions for air
transport.
(d)
(e)
(f)
–14 792 –14 639 –13 524 –14 339 –15 831 –15 484
Postal and courier services includes indirect commissions for sea transport.
Other personal travel includes health–related travel.
For a more detailed explanation of tourism related services, see paragraph 30 of
the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
17
SE R V I C E S , Su m m a r y ( a ) : Se a s o n a l l y A d j u s t e d an d Tr e n d Es t i m a t e s
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
SEASO N A L L Y ADJU S T E D
Services Credits
12 984
12 718
12 271
12 607
12 246
12 274
Manufacturing services on physical inputs owned by others(b)
Maintenance and repair services n.i.e. (b)
Transport
Passenger (c)
Freight (d)
Other
Postal and courier services (e)
9
14
1 671
724
104
595
247
9
18
1 538
680
99
532
227
7
8
1 560
663
100
566
230
8
9
1 566
652
91
560
264
7
14
1 573
655
93
568
257
4
9
1 599
696
94
563
247
Travel
8 052
7 858
7 439
7 652
7 232
7 192
Other services
3 238
3 295
3 257
3 372
3 420
3 470
Services Debits
–14 172
–14 230
–14 302
–14 642
–15 141
–15 062
—
–52
–3 790
–1 482
–2 199
–73
–36
—
–64
–3 621
–1 547
–1 983
–71
–20
—
–73
–3 617
–1 536
–1 983
–73
–25
–1
–153
–3 723
–1 550
–2 079
–71
–24
—
–79
–3 881
–1 587
–2 182
–79
–33
—
–94
–3 779
–1 556
–2 114
–82
–28
Manufacturing services on physical inputs owned by others(b)
Maintenance and repair services n.i.e. (b)
Transport
Passenger (c)
Freight
Other (b)
Postal and courier services (e)(d )
Travel
–6 125
–6 229
–6 330
–6 736
–6 635
–6 724
Other services (d)
–4 205
–4 316
–4 282
–4 029
–4 546
–4 465
8 776
–7 607
8 538
–7 776
8 102
–7 866
8 304
–8 286
7 888
–8 222
7 888
–8 280
MEMORANDUM ITEMS:
Tourism related services credits (f)
Tourism related services debits (f)
TREND ESTI MAT E S
Services Credits
12 908
12 696
12 494
12 399
12 339
12 281
Manufacturing services on physical inputs owned by others
Maintenance and repair services n.i.e.
Transport
Passenger (c)
Freight
Other
Postal and courier services (e)
9
14
1 599
691
108
567
233
8
13
1 584
688
102
561
233
8
12
1 560
666
96
557
241
7
10
1 561
656
94
561
250
6
11
1 579
665
93
566
256
5
11
1 591
681
92
565
254
Travel
8 033
7 821
7 616
7 467
7 328
7 200
Other services
3 254
3 269
3 298
3 354
3 415
3 473
Services Debits
–14 061
–14 220
–14 410
–14 678
–14 962
–15 187
Manufacturing services on physical inputs owned by others
Maintenance and repair services n.i.e.
Transport
Passenger (c)
Freight
Other
Postal and courier services (e)
—
–60
–3 721
–1 464
–2 160
–71
–27
—
–67
–3 667
–1 521
–2 051
–71
–24
—
–91
–3 660
–1 553
–2 010
–72
–24
—
–107
–3 726
–1 558
–2 068
–74
–26
—
–105
–3 802
–1 566
–2 129
–78
–29
—
–95
–3 845
–1 572
–2 162
–81
–30
Travel
–6 080
–6 240
–6 425
–6 582
–6 690
–6 754
Other services
–4 200
–4 246
–4 233
–4 261
–4 365
–4 493
8 724
–7 543
8 509
–7 761
8 282
–7 978
8 122
–8 141
7 993
–8 256
7 881
–8 325
MEMORANDUM ITEMS:
Tourism related services credits (f)
Tourism related services debits (f)
—
(a)
(b)
(c)
nil or rounded to zero (including null cells)
For sign conventions, see paragraphs 3 to 5 of the Explanatory
Notes.
This component is not seasonally adjusted.
Passenger transport services includes agency fees and
commissions for air transport.
(d)
(e)
(f)
In using these seasonally adjusted series, care should be
exercised because of the difficulties associated with reliably
estimating the seasonal pattern.
Postal and courier services includes indirect commissions for sea
transport.
For a more detailed explanation of tourism related services, see
paragraph 30 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
45
18
SE R V I C E S CR E D I T S (a) : Ch a i n Vo l u m e M e a s u r e s an d Im p l i c i t Pr i c e D e f l a t o r s
2008–09
2009–10 2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
CHAI N VOLU M E MEAS U R E S – ORIG I N A L ($M)
Services Credits
Manufacturing services on physical inputs owned
by others
Maintenance and repair services n.i.e.
Transport
Passenger (b)
Freight
Other
Postal and courier services (c)
Travel
Other services
54 023
52 011
49 540
12 788
12 731
12 064
11 957
11 739
11 964
46
88
7 392
3 422
797
2 169
975
48
57
6 189
2 610
436
2 188
955
32
48
6 213
2 676
399
2 190
948
9
14
1 671
671
105
591
304
9
18
1 569
715
98
546
210
7
8
1 571
751
98
524
198
8
9
1 402
539
98
529
237
7
13
1 554
597
95
554
309
4
9
1 598
723
89
564
222
31 789
14 690
32 918
12 799
30 349
12 898
7 941
3 153
7 719
3 416
7 477
3 001
7 212
3 328
6 926
3 239
6 871
3 482
CHAI N VOLU M E MEASU R E S – SEASO N A L L Y ADJU S T E D ($M)
Services Credits
. .
. .
. .
Manufacturing services on physical inputs owned
by others (d)
Maintenance and repair services n.i.e. (d)
Transport
Passenger (b)
Freight (e)
Other
Postal and courier services (c)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Travel
Other services
. .
. .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
. .
. .
12 811
12 516
12 000
12 193
11 758
11 731
.
.
.
.
.
.
.
9
14
1 640
711
104
582
244
9
18
1 513
667
103
519
223
7
8
1 530
653
102
549
225
8
9
1 533
644
90
542
257
7
13
1 519
633
94
545
248
4
9
1 540
674
93
537
236
. .
. .
7 946
3 203
7 727
3 249
7 277
3 179
7 377
3 267
6 925
3 294
6 872
3 307
IMPLI C I T PRICE DEFL A T O R S – ORIG I N A L (INDE X )
Services Credits
Manufacturing services on physical inputs owned
by others
Maintenance and repair services n.i.e.
Transport
Passenger (b)
Freight
Other
Postal and courier services (c)
Travel
Other services
98.0
100.0
102.0
101.3
101.5
102.1
103.3
104.0
104.5
97.9
97.9
99.3
99.6
106.8
98.1
97.9
100.0
100.0
100.0
100.0
100.0
100.0
100.0
102.3
102.1
101.9
101.4
98.9
102.9
102.2
101.5
101.4
101.8
101.7
100.9
102.4
101.4
101.9
101.9
101.6
101.6
95.9
102.6
101.8
102.7
102.7
101.9
101.3
98.1
103.2
102.6
103.2
103.1
102.2
101.0
100.4
103.5
103.1
103.9
103.8
103.6
103.4
99.4
104.4
103.8
104.9
104.9
103.8
103.0
100.4
104.9
104.8
97.8
97.9
100.0
100.0
102.0
102.1
101.2
101.1
101.5
101.5
102.0
102.5
103.5
103.3
104.2
103.9
104.4
105.0
IMPL I C I T PRIC E DEF LA T O R S – SEAS O N A L L Y ADJU S T E D (IN D E X )
Services Credits
..
(a)
(b)
46
. .
. .
. .
101.3
101.6
102.3
103.4
104.2
104.6
Manufacturing services on physical inputs owned
by others (d)
Maintenance and repair services n.i.e. (d)
Transport
Passenger (b)
Freight (e)
Other
Postal and courier services (c)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
101.5
101.4
101.9
101.8
100.2
102.3
101.3
101.9
101.9
101.7
101.9
95.9
102.5
101.8
102.7
102.7
102.0
101.5
97.7
103.1
102.3
103.2
103.1
102.1
101.2
100.7
103.3
102.8
103.9
103.8
103.5
103.5
99.4
104.2
103.5
104.9
104.9
103.8
103.2
100.7
104.9
104.6
Travel
Other services
. .
. .
. .
. .
101.3
101.1
101.7
101.4
102.2
102.4
103.7
103.2
104.4
103.8
104.7
104.9
.
.
.
.
.
.
.
.
.
.
.
.
.
.
. .
. .
not applicable
Reference year for chain volume measures and price indexes is 2009–10. See
paragraphs 17 and 19 of the Explanatory Notes.
Passenger transport services includes agency fees and commissions for air
transport.
(c)
(d)
(e)
Postal and courier services includes indirect commissions for sea transport.
This component is not seasonally adjusted.
In using these seasonally adjusted series, care should be exercised because of
the difficulties associated with reliably estimating the seasonal pattern.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
19
SE R V I C E S DE B I T S (a) ( b ) : Ch a i n Vo l u m e M e a s u r e s an d Im p l i c i t Pr i c e D e f l a t o r s
2008–09
2009–10 2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
CHAI N VOLU M E MEAS U R E S – ORIG I N A L ($M)
Services Debits
Manufacturing services on physical inputs
owned by others
Maintenance and repair services n.i.e.
Transport
Passenger (c)
Freight
Other
Postal and courier services (d)
Travel
Other services
–49 298
–53 388
–60 981
–14 983
–15 668
–14 570
–15 760
–17 113
–16 527
—
–165
–14 252
–5 695
–8 046
–418
–149
—
–294
–13 727
–5 118
–8 142
–309
–158
—
–374
–15 013
–6 157
–8 440
–293
–123
—
–53
–3 936
–1 547
–2 251
–73
–65
—
–70
–3 897
–1 571
–2 237
–72
–17
—
–80
–3 487
–1 446
–1 944
–75
–21
—
–172
–3 693
–1 593
–2 006
–74
–20
—
–87
–4 095
–1 644
–2 304
–79
–68
—
–102
–3 955
–1 578
–2 272
–83
–22
–19 306
–15 608
–23 285
–16 082
–27 343
–18 251
–6 803
–4 191
–6 828
–4 874
–6 439
–4 565
–7 273
–4 621
–7 998
–4 933
–7 445
–5 025
CHAI N VOLU M E MEASU R E S – SEASO N A L L Y ADJU S T E D ($M)
Services Debits
Manufacturing services on physical inputs
owned by others(e)
Maintenance and repair services n.i.e. (e)
Transport
Passenger (c)
Freight
Other (e)
Postal and courier services (d)(f )
Travel
Other services (f)
. .
. .
. .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
. .
. .
.
.
.
.
.
.
.
. .
. .
–14 326
–15 206
–15 383
–16 064
–16 345
–16 061
.
.
.
.
.
.
.
—
–53
–3 767
–1 467
–2 189
–72
–39
—
–70
–3 704
–1 542
–2 066
–72
–24
—
–80
–3 715
–1 557
–2 053
–75
–30
—
–172
–3 826
–1 591
–2 131
–74
–30
—
–87
–3 914
–1 553
–2 241
–79
–41
—
–102
–3 783
–1 548
–2 119
–82
–33
. .
. .
–6 220
–4 286
–6 719
–4 714
–6 887
–4 701
–7 518
–4 548
–7 298
–5 046
–7 333
–4 844
IMPL I C I T PRIC E DEF L A T O R S – ORIGI N A L (IN DE X )
Services Debits
Manufacturing services on physical inputs
owned by others
Maintenance and repair services n.i.e.
Transport
Passenger (c)
Freight
Other
Postal and courier services (d)
Travel
Other services
114.3
100.0
94.0
98.7
93.4
92.8
91.0
92.5
93.7
—
117.3
111.1
102.5
116.7
104.6
115.3
—
100.0
100.0
100.0
100.0
100.0
100.0
—
91.5
98.2
99.1
97.7
98.2
92.7
—
98.7
100.4
100.7
100.2
100.5
96.3
—
92.1
97.6
100.1
96.0
98.7
89.8
—
91.5
97.4
98.5
96.7
97.4
89.3
—
89.0
97.4
97.2
97.7
96.0
86.8
—
90.5
99.2
102.0
97.5
100.3
88.3
—
92.6
100.0
100.4
99.9
99.2
90.3
114.4
116.7
100.0
100.0
92.8
92.2
98.1
98.2
92.4
91.6
91.6
91.1
89.3
88.6
90.6
90.1
91.4
92.2
IMPL I C I T PRIC E DEF L A T O R S – SEAS O N A L L Y ADJU S T E D (IN D E X )
Services Debits
Manufacturing services on physical inputs
owned by others(e)
Maintenance and repair services n.i.e. (e)
Transport
Passenger (c)
Freight
Other (e)
Postal and courier services (d)(f )
Travel
Other services (f)
..
—
(a)
(b)
. .
. .
. .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
. .
. .
.
.
.
.
.
.
.
. .
. .
not applicable
nil or rounded to zero (including null cells)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
Reference year for chain volume measures and price indexes is 2009–10. See
paragraphs 17 and 19 of the Explanatory Notes.
98.9
93.6
93.0
91.1
92.6
93.8
.
.
.
.
.
.
.
—
98.7
100.6
101.0
100.5
100.7
91.7
—
92.1
97.8
100.3
96.0
98.9
84.1
—
91.5
97.4
98.7
96.6
97.6
82.6
—
89.0
97.3
97.4
97.5
96.3
80.8
—
90.5
99.2
102.2
97.4
100.5
80.4
—
92.6
99.9
100.5
99.8
99.4
83.7
. .
. .
98.5
98.1
92.7
91.5
91.9
91.1
89.6
88.6
90.9
90.1
91.7
92.2
(c)
(d)
(e)
(f)
Passenger transport services includes agency fees and commissions for air
transport.
Postal and courier services includes indirect commissions for sea transport.
This component is not seasonally adjusted.
In using these seasonally adjusted series, care should be exercised because of
the difficulties associated with reliably estimating the seasonal pattern.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
47
20
PR I M A R Y INC O M E CR E D I T S (a) : Or i g i n a l
2008–09 2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
PRIMARY INCOME CREDITS
43 364
34 285
40 668
10 095
10 327
9 591
10 655
10 528
10 716
Compensation of employees
Investment income
1 717
41 647
1 704
32 581
1 794
38 874
420
9 675
392
9 935
571
9 020
411
10 244
427
10 101
413
10 303
20 322
19 608
12 753
11 968
17 909
16 877
4 654
4 473
4 792
4 523
3 762
3 493
4 701
4 388
4 720
4 440
4 969
4 636
3 664
3 664
4 147
4 147
4 042
4 042
760
760
947
947
899
899
1 435
1 435
1 468
1 468
893
893
—
na
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
15 944
7 821
12 835
3 713
3 576
2 594
2 953
2 972
3 743
714
np
785
np
1 032
np
181
np
269
np
269
np
313
np
280
np
332
np
np
na
np
17
np
25
np
8
np
9
np
4
np
3
np
5
np
4
18 346
9 243
—
17 915
8 482
—
19 105
9 082
—
4 585
2 203
—
4 707
2 143
—
4 764
2 161
—
5 049
2 574
—
4 837
2 586
—
4 809
2 554
1
9 243
4 912
4 331
8 482
5 624
2 858
9 082
6 902
2 179
2 203
1 834
369
2 143
1 537
606
2 161
1 493
669
2 574
2 039
536
2 586
1 393
1 193
2 553
1 148
1 406
9 103
38
9 065
9 434
26
9 407
10 024
106
9 918
2 382
19
2 363
2 564
39
2 525
2 603
34
2 568
2 475
14
2 461
2 251
5
2 246
2 254
5
2 250
2 133
—
1 923
1 490
np
1 328
1 505
np
1 385
350
np
321
351
np
326
399
np
366
406
np
372
458
np
418
446
np
406
Direct investment assets
Income on equity and investment fund shares
Dividends and withdrawals from income of
quasicorporations
Direct investor in direct investment enterprises
Direct investment enterprises in direct investor
(reverse investment)
Between fellow enterprises
Reinvested earnings
Interest
Direct investor in direct investment enterprises
Direct investment enterprises in direct investor (reverse
investment)
Between fellow enterprises
Portfolio investment assets
Investment income on equity and investment fund shares
Dividends on equity excluding investment fund shares
Investment income attributable to investment fund
shareholders
Dividends
Reinvested earnings
Interest
Short–term
Long–term
Other investment assets
Withdrawals from income of quasicorporations
Interest
Investment income attributable to policyholders in
insurance, pension schemes and standardised guarantee
schemes
Reserve assets
Income on equity and investment fund shares
Interest
—
na
np
48
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable, unless
otherwise indicated
210
np
np
np
np
np
np
np
np
847
—
847
422
—
422
354
—
354
86
—
86
86
—
86
95
—
95
87
—
87
86
—
86
81
—
81
(a)
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
21
PR I M A R Y INC O M E DE B I T S (a) ( b ) : Or i g i n a l
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
PRIMARY INCOME DEBITS
–87 741
–84 612
–94 127 –24 231
–24 303 –22 886 –22 708 –23 449 –22 108
Compensation of employees
Investment income
–3 182
–84 559
–3 239
–81 373
–3 342
–827
–90 785 –23 404
–771
–23 532
–35 413
–31 487
–35 430
–31 237
–43 657
–38 481
–11 382
–10 181
–11 698
–10 501
–8 436
np
–7 659
np
–7 597
np
–812
–812
–2 475
–2 475
–2 825
–2 825
–1 486
np
–2 431
np
–2 365
np
np
na
np
—
np
—
—
—
—
—
—
—
np
—
np
—
np
—
–23 052
–23 578
–30 883
–9 369
–8 026
–5 272
–8 216
–7 405
–6 821
–3 926
–3 635
–4 193
–2 609
–5 176
–3 535
–1 202
–790
–1 197
–758
–1 415
–1 023
–1 362
–964
–1 422
–1 079
–1 406
–993
–291
na
–118
–1 466
–140
–1 501
–32
–380
–35
–404
–32
–361
–42
–356
–17
–326
–34
–378
–43 914
–10 308
–9 078
–43 179
–11 343
–9 601
–44 385
–13 442
–10 879
–11 375
–3 776
–3 280
–11 187
–3 066
–2 323
–11 778 –10 044
–4 103
–2 496
–3 485
–1 791
–10 509
–3 678
–3 136
–9 812
–2 796
–2 026
–1 230
—
–1 230
–1 742
—
–1 742
–2 563
—
–2 563
–496
—
–496
–743
—
–743
–618
—
–618
–706
—
–706
–542
—
–542
–770
—
–770
–33 606
–1 596
–32 010
–31 836
–926
–30 909
–30 943
–758
–30 185
–7 599
–172
–7 427
–8 121
–186
–7 935
–7 675
–192
–7 483
–7 548
–208
–7 340
–6 831
–194
–6 637
–7 016
–162
–6 854
–5 231
—
–5 118
–2 765
—
–2 638
–2 744
—
–2 610
–647
—
–614
–646
—
–613
–708
—
–675
–742
—
–708
–806
—
–770
–804
—
–768
–113
–127
–134
–33
–33
–33
–35
–36
–37
Direct investment liabilities
Income on equity and investment fund shares
Dividends and withdrawals from income of
quasicorporations
Direct investor in direct investment enterprises
Direct investment enterprises in direct investor
(reverse investment)
Between fellow enterprises
Reinvested earnings
Interest
Direct investor in direct investment enterprises
Direct investment enterprises in direct investor (reverse
investment)
Between fellow enterprises
Portfolio investment liabilities
Investment income on equity and investment fund shares
Dividends on equity excluding investment fund shares
Investment income attributable to investment fund
shareholders
Dividends
Reinvested earnings
Interest
Short–term
Long–term
Other investment liabilities
Withdrawals from income of quasicorporations
Interest
Investment income attributable to policyholders in
insurance, pension schemes, and standardised
guarantee schemes
—
na
np
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable, unless
otherwise indicated
(a)
(b)
–887
–857
–876
–900
–21 999 –21 851 –22 573 –21 208
–9 512 –11 064
–8 097
–9 702
–11 258 –10 592
–9 836
–9 186
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
49
22
PR I M A R Y INC O M E (a ) : S e a s o n a l l y Ad j u s t e d a n d Tr e n d E s t i m a t e s
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
10 206
10 304
9 751
10 393
10 625
10 647
460
9 746
449
9 855
449
9 302
437
9 956
466
10 159
472
10 175
Direct investment assets
Income on equity and investment fund shares
Interest (c)
4 710
4 510
200
4 692
4 419
273
4 025
3 756
269
4 471
4 182
289
4 756
4 455
301
4 825
4 491
334
Portfolio investment assets
Investment income on equity and investment fund
shares (b)(d )
Interest (c)
4 611
4 738
4 786
4 967
4 870
4 833
2 203
2 408
2 143
2 595
2 161
2 625
2 574
2 393
2 586
2 284
2 554
2 279
339
86
338
86
396
95
430
87
447
86
436
81
PRIMARY INCOME DEBITS
–23 192
–24 741
–23 160
–22 967
–22 460
–22 467
Compensation of employees
Investment income
–817
–22 375
–808
–23 933
–837
–22 323
–877
–22 090
–868
–21 592
–943
–21 524
Direct investment liabilities
Income on equity and investment fund shares(b)
Interest (c)
–10 897
–9 714
–1 183
–11 754
–10 506
–1 248
–10 385
–8 988
–1 397
–10 587
–9 244
–1 343
–10 807
–9 401
–1 406
–10 589
–9 126
–1 463
Portfolio investment liabilities
Investment income on equity and investment fund
shares
Interest (b)(e )
–10 831
–11 532
–11 230
–10 761
–9 979
–10 130
–3 232
–7 599
–3 411
–8 121
–3 555
–7 675
–3 212
–7 548
–3 148
–6 831
–3 114
–7 016
–647
–646
–708
–742
–806
–804
SEAS O N A L L Y ADJU S T E D
PRIMARY INCOME CREDITS
Compensation of employees (b)
Investment income
Other investment assets (c)
Reserve assets
Other investment liabilities (c)
TREN D ESTI MAT E S
PRIMARY INCOME CREDITS
10 109
10 187
10 116
10 279
10 524
10 727
Compensation of employees
Investment income
448
9 662
453
9 734
447
9 669
449
9 830
459
10 065
469
10 259
Direct investment assets
Income on equity and investment fund shares
Interest
4 553
4 321
232
4 552
4 301
251
4 371
4 099
273
4 431
4 140
291
4 648
4 342
306
4 885
4 563
322
Portfolio investment assets
Investment income on equity and investment fund
shares
Interest
4 662
4 735
4 823
4 887
4 890
4 845
2 182
2 480
2 182
2 553
2 274
2 548
2 445
2 442
2 568
2 322
2 620
2 225
Other investment assets
Reserve assets
359
88
358
89
385
90
423
89
441
86
446
82
PRIMARY INCOME DEBITS
–23 236
–23 781
–23 672
–22 978
–22 542
–22 435
Compensation of employees
Investment income
–813
–22 424
–820
–22 961
–836
–22 836
–863
–22 115
–893
–21 649
–920
–21 515
Direct investment liabilities
Income on equity and investment fund shares
Interest
–10 726
–9 530
–1 196
–11 025
–9 751
–1 274
–10 962
–9 625
–1 336
–10 649
–9 269
–1 379
–10 606
–9 195
–1 411
–10 700
–9 264
–1 436
Portfolio investment liabilities
Investment income on equity and investment fund
shares
Interest
–11 072
–11 279
–11 171
–10 718
–10 254
–10 003
–3 223
–7 849
–3 413
–7 866
–3 430
–7 741
–3 302
–7 415
–3 169
–7 085
–3 104
–6 899
–626
–657
–703
–749
–788
–812
Other investment liabilities
(a)
(b)
50
For sign conventions, see paragraphs 3 to 5 of the Explanatory
Notes.
In using these seasonally adjusted series, care should be
exercised because of the difficulties associated with reliably
estimating the seasonal pattern.
(c)
(d)
(e)
These components are not seasonally adjusted.
From September quarter 1981, this component is not
seasonally adjusted.
From September quarter 1992, this component is not
seasonally adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
23
SE C O N D A R Y INC O M E (a) : Or i g i n a l
SECONDARY INCOME
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–249
–1 070
–529
–89
–55
–164
–221
–28
–49
6 667
6 315
6 607
1 601
1 620
1 690
1 696
1 761
1 754
General government
1 857
1 574
1 708
395
419
476
418
472
445
Other sectors
Personal transfers
Workers' remittances
4 810
na
na
4 741
na
na
4 899
na
na
1 206
na
na
1 201
na
na
1 214
na
na
1 278
na
na
1 289
na
na
1 309
na
na
4 810
1 163
3 647
4 741
1 181
3 560
4 899
1 332
3 567
1 206
315
891
1 201
310
891
1 214
324
890
1 278
383
895
1 289
394
895
1 309
405
904
–6 916
–7 385
–7 136
–1 690
–1 675
–1 854
–1 917
–1 789
–1 803
General government
–1 213
–1 296
–1 227
–285
–299
–307
–336
–285
–299
Other sectors
Personal transfers
Workers' remittances
–5 703
–807
–807
–6 089
–867
–867
–5 909
–897
–897
–1 405
–269
–269
–1 376
–179
–179
–1 547
–314
–314
–1 581
–135
–135
–1 504
–269
–269
–1 504
–179
–179
–4 896
–1 149
–3 747
–5 222
–1 192
–4 030
–5 012
–1 331
–3 681
–1 136
–315
–821
–1 197
–308
–889
–1 233
–326
–907
–1 446
–382
–1 064
–1 235
–393
–842
–1 325
–413
–912
Credits
Other current transfers
Non–life insurance premiums and claims
Other
Debits
Other current transfers
Non–life insurance premiums and claims
Other
na
2008–09
not available
(a)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
51
24
CA P I T A L ACC O U N T (a) : Or i g i n a l
2008–09 2009–10
CAPITAL ACCOUNT
Credits
Acquisitions/disposals of non–produced non–financial
assets
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–611
–291
–556
–51
–202
–138
–165
–115
–126
2
22
73
71
2
—
—
1
—
2
22
73
71
2
—
—
1
—
—
—
—
—
—
—
—
—
General government
Debt forgiveness
Other capital transfers
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Other sectors
Debt forgiveness
Other capital transfers
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
–613
–313
–629
–122
–204
–138
–165
–116
–126
–246
–26
–102
–6
–78
–6
–12
—
—
–367
–287
–527
–116
–126
–132
–153
–116
–126
General government
Debt forgiveness
Other capital transfers
–367
–221
–146
–287
—
–287
–527
—
–527
–116
—
–116
–126
—
–126
–132
—
–132
–153
—
–153
–116
—
–116
–126
—
–126
Other sectors
Debt forgiveness
Other capital transfers
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Debits
Acquisitions/disposals of non–produced non–financial
assets
Capital transfers
52
Sep Qtr
2010
—
Capital transfers
—
2010–11
nil or rounded to zero (including null cells)
(a)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
25
FIN A N C I A L ACC O U N T (a) ( b ) ( c )
DIRECT INVESTMENT
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
17 336
20 668
24 034
–5 843
5 875
6 184
17 818
5 863
18 542
–30 999
–22 139
–19 387
–13 412
–15 227
–17 787
–12 928
–13 663
–4 670
–4 539
–280
1 930
2 651
–1 515
–13 715
–6 579
–5 393
–5 096
–6 196
–5 591
–4 951
–9 950
–963
4 524
1 438
–3 607
–1 353
np
np
np
np
np
np
np
np
np
np
na
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
–15 944
–7 821
–12 835
–3 713
–3 576
–2 594
–2 953
–2 972
–3 743
Debt instruments
Direct investor claims on direct
investment enterprises
Direct investment enterprises
claims on direct investor
(reverse investment)
Between fellow enterprises
–8 860
–5 975
2 560
735
–131
–2 210
4 165
–7 136
–297
–9 013
–6 140
1 993
683
–1 009
–3 024
5 343
–6 645
257
154
na
1 451
–1 286
1 531
–963
188
–136
1 170
–291
770
44
–598
–580
–419
–73
–102
–452
Liabilities
Equity and investment fund shares
Equity other than reinvestment of
earnings
Direct investment enterprises
to direct investor
Direct investor to direct
investment enterprises
(reverse investment)
Between fellow enterprises
48 335
39 657
40 055
34 254
39 261
37 652
7 085
5 758
10 545
13 427
6 463
3 374
15 167
15 093
19 578
9 011
23 935
22 388
16 605
10 675
6 769
–3 611
5 401
–1 898
6 876
1 605
15 567
16 546
10 045
6 517
–3 514
5 225
–2 137
6 942
1 677
16 077
60
na
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
23 052
23 578
30 883
9 369
8 026
5 272
8 216
7 405
6 821
8 678
5 801
1 609
1 327
–2 882
3 089
75
10 568
1 547
13 846
6 253
699
992
–3 204
2 373
537
2 901
2 209
–5 168
na
100
–552
–3 887
4 797
–95
430
–819
1 141
–1 081
1 797
–1 892
1 429
np
np
np
np
Assets
Equity and investment fund shares
Equity other than reinvestment of
earnings
Direct investor in direct
investment enterprises
Direct investment enterprises
in direct investor (reverse
investment)
Between fellow enterprises
Reinvestment of earnings
Reinvestment of earnings
Debt instruments
Direct investment enterprises
liabilities to direct investor
Direct investor liabilities to direct
investment enterprises (reverse
investment)
Between fellow enterprises
PORTFOLIO INVESTMENT
Assets
Equity and investment fund shares
Central bank
Deposit-taking corporations,
except the central bank
General government
Other sectors
Debt securities
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
—
na
np
(a)
48 539
70 085
33 453
18 976
21 792
–3 057
–4 258
21 298
15 027
4 467
3 775
—
–91 693
–45 431
—
–60 241
–38 232
—
–9 540
–7 190
—
–12 472
–6 923
—
–18 369
–12 139
—
–19 860
–11 980
—
103
–2 500
—
–862
–1 522
—
np
–7 210
np
np
–13 591
np
np
–12 180
np
np
–1 308
np
np
–3 369
np
np
–2 786
np
np
–4 717
np
np
–1 235
np
np
–343
np
692
—
—
—
–46 261
—
—
—
–22 009
—
—
—
–2 350
—
—
—
–5 549
—
—
—
–6 230
—
—
—
–7 881
—
—
—
2 603
—
—
—
660
—
—
—
–304
364
–668
–7 474
–3 132
–4 342
–800
–1 698
899
162
404
–243
–983
–156
–827
1 250
1 296
–47
–1 228
–3 243
2 015
206
1 091
–885
240
–579
818
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable,
unless otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on
the ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
53
25
FIN A N C I A L ACC O U N T (a) ( b ) ( c )
cont i n u e d
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
4 467
–91 693
–60 241
–9 540
–12 472
–18 369
–19 860
103
–862
692
–46 261
–22 009
–2 350
–5 549
–6 230
–7 881
2 603
660
–5 957
–299
–5 658
–10 733
–7
–10 726
–2 627
66
–2 693
–1 078
–4
–1 074
–814
30
–844
–392
38
–430
–343
2
–345
1 115
49
1 066
1 449
–79
1 529
6 953
671
6 282
–28 054
69
–28 123
–18 582
–483
–18 099
–1 433
362
–1 795
–3 752
–224
–3 528
–7 088
–634
–6 453
–6 310
13
–6 323
1 282
447
835
–1 029
249
–1 279
44 072
44 447
161 777
13 742
93 694
13 851
28 516
5 778
34 264
11 987
15 312
–3 956
15 602
43
21 195
2 439
15 889
–4 044
13 435
31 012
3 080
10 662
–4 151
18 002
–430
6 208
–2 306
14 293
547
–4 503
–1 962
2 005
466
1 972
1 754
–5 798
–375
—
—
—
148 035
—
—
—
79 843
—
—
—
22 738
—
—
—
22 278
—
—
—
19 267
—
—
—
15 560
—
—
—
18 756
—
—
—
19 933
—
—
—
–28 173
–54 701
26 528
85 744
17 501
68 243
23 405
10 128
13 277
1 682
–5 677
7 359
10 238
10 255
–17
4 087
665
3 422
7 397
4 884
2 512
–7 312
–2 367
–4 945
–6 126
4 668
–10 794
General government
Short-term
Long-term
16 819
1 405
15 414
51 999
4 064
47 935
41 132
5 766
35 366
13 300
2 326
10 973
12 112
1 720
10 392
7 795
–346
8 140
7 926
2 065
5 860
18 959
–4 048
23 007
18 229
–582
18 811
Other sectors
Short-term
Long-term
10 979
5 305
5 674
10 292
–2 777
13 069
15 306
2 623
12 684
7 756
–267
8 023
–73
1 522
–1 595
7 386
994
6 392
238
374
–136
7 109
6 397
712
7 831
–1 237
9 068
Assets cont.
Debt securities cont.
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Liabilities
Equity and investment fund shares
Deposit-taking corporations,
except the central bank
Other sectors
Debt securities
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
FINANCIAL DERIVATIVES
–3 491
–9 762
–10 959
4 747
–5 747
–6 204
–3 755
–17 904
–222
Assets
Central bank
Deposit-taking corporations, except
the central bank
General government
Other sectors
30 782
—
34 033
—
42 718
—
3 648
—
15 633
—
11 868
—
11 570
—
1 577
—
1 837
—
31 913
398
–1 529
29 291
6 713
–1 971
36 534
8 998
–2 813
3 620
765
–737
12 883
2 809
–59
11 859
2 075
–2 067
8 172
3 349
49
1 181
1 975
–1 579
1 140
592
105
Liabilities
Central bank
Deposit-taking corporations, except
the central bank
General government
Other sectors
–34 273
—
–43 795
—
–53 678
—
1 100
—
–21 380
—
–18 072
—
–15 325
—
–19 481
—
–2 059
—
–28 598
–4 165
–1 510
–42 562
–1 552
318
–47 634
–2 798
–3 246
2 234
–210
–925
–19 845
–1 254
–281
–15 873
–492
–1 707
–14 149
–842
–334
–12 956
–585
–5 941
–1 295
–2 651
1 887
OTHER INVESTMENT
–11 738
–31 866
–9 884
–6 442
–11 003
7 081
479
–1 197
–20 448
Assets
–50 927
–23 437
–36 004
4 648
–12 689
–6 910
–21 053
–10 841
11 729
Other equity
Currency and deposits
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
—
na
np
(a)
54
na
1
–426
—
–130
–263
–33
–46
–144
–29 066
—
—
—
–17 198
—
—
—
–12 450
—
—
—
–134
—
—
—
–11 390
—
—
—
2 774
—
—
—
–3 699
—
—
—
–307
—
—
—
10 720
—
—
—
–28 727
np
np
–13 517
np
np
–16 261
np
np
–1 061
np
np
–14 223
np
np
3 028
np
np
–4 004
np
np
–235
np
np
10 480
np
np
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable,
unless otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on
the ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
25
FIN A N C I A L ACC O U N T (a) ( b ) ( c )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–50 927
–23 437
–36 004
4 648
–12 689
–6 910
–21 053
–10 841
11 729
–29 066
–17 198
–12 450
–134
–11 390
2 774
–3 699
–307
10 720
–741
–741
—
–719
–719
—
–1 049
–1 049
—
–567
–567
—
407
407
—
141
141
—
–1 030
–1 030
—
759
759
—
–454
–454
—
Other sectors
Short-term
Long-term
402
np
np
–2 962
np
np
4 860
np
np
1 494
np
np
2 426
np
np
–396
np
np
1 335
np
np
–830
np
np
694
np
np
Loans
Central bank
Short-term
Long-term
–23 282
—
—
—
–4 359
—
—
—
–17 999
—
—
—
4 555
—
—
—
–1 599
—
—
—
–8 441
—
—
—
–12 514
—
—
—
–11 734
—
—
—
1 460
—
—
—
–20 700
–18 053
–2 647
–4 050
1 330
–5 380
–19 143
–10 099
–9 044
5 123
1 674
3 449
–1 854
–639
–1 215
–9 038
–3 390
–5 648
–13 374
–7 744
–5 630
–11 668
–4 314
–7 354
1 323
2 229
–906
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
–2 582
np
np
–309
np
np
1 144
np
np
–568
np
np
254
np
np
597
np
np
860
np
np
–66
np
np
137
np
np
–1 012
—
233
—
185
—
159
—
145
—
–127
—
7
—
–327
—
62
—
—
—
–1 012
—
—
233
—
—
185
—
—
159
—
—
145
—
—
–127
—
—
7
—
—
–327
—
—
62
1 717
—
—
—
–2 687
—
—
—
–2 922
—
—
—
947
—
—
—
–357
—
—
—
–832
—
—
—
–2 681
—
—
—
91
—
—
—
–1 050
—
—
—
56
np
np
–444
np
np
–866
np
np
–94
np
np
148
np
np
–411
np
np
–508
np
np
–998
np
np
497
np
np
–978
—
–978
–1 017
—
–1 017
–379
—
–379
458
—
458
–139
—
–139
–79
—
–79
–619
—
–619
185
—
185
–2
—
–2
2 639
np
np
–1 226
np
np
–1 677
np
np
583
np
np
–365
np
np
–342
np
np
–1 554
np
np
905
np
np
–1 545
np
np
717
—
—
—
573
—
—
—
–2 392
—
—
—
–879
—
—
—
642
—
—
—
–21
—
—
—
–2 135
—
—
—
1 481
—
—
—
680
—
—
—
1 017
np
np
592
np
np
–555
np
np
–688
np
np
659
np
np
491
np
np
–1 017
np
np
1 118
np
np
426
np
np
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Assets cont.
Currency and deposits cont.
General government
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Insurance, pension, and
standardised guarantee schemes
Central bank
Deposit-taking corporations,
except the central bank
General government
Other sectors
Trade credit and advances
Central bank
Short-term
Long-term
Deposit-taking corporations
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Other accounts receivable
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
—
np
(a)
cont i n u e d
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable,
unless otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on
the ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
55
25
FIN A N C I A L ACC O U N T (a) ( b ) ( c )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–50 927
–23 437
–36 004
4 648
–12 689
–6 910
–21 053
–10 841
11 729
717
573
–2 392
–879
642
–21
–2 135
1 481
680
–300
np
np
–19
np
np
–1 837
np
np
–191
np
np
–17
np
np
–511
np
np
–1 118
np
np
363
np
np
254
np
np
39 189
na
17 609
566
566
—
–8 429
128
3 518
–544
–544
—
26 120
–114
25 611
416
416
—
–11 090
–7
3 129
33
33
—
1 687
–6
–2 887
127
127
—
13 991
–102
15 588
–4
–4
—
21 533
—
9 782
260
260
—
9 644
—
7 448
77
77
—
–32 177
—
–17 933
–360
–360
—
17 043
6 678
10 365
4 061
–16 127
20 188
25 195
12 184
13 010
3 096
6 163
–3 067
–3 015
–6 329
3 315
15 592
2 597
12 995
9 522
9 754
–232
7 371
–3 750
11 121
–17 573
–3 355
–14 218
General government
Short-term
Long-term
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Other sectors
Short-term
Long-term
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
21 449
—
—
—
—
–16 002
—
—
—
—
–339
—
—
—
—
–14 590
—
—
—
—
6 011
—
—
—
—
–2 285
—
—
—
—
10 526
—
—
—
—
2 137
—
—
—
—
–13 328
—
—
—
—
28 777
25 074
3 703
–9 900
–2 900
–6 999
464
–1 520
1 984
–12 851
–9 944
–2 907
6 450
6 089
361
–1 408
–854
–554
8 272
3 189
5 084
3 020
10 584
–7 564
–9 524
–14 950
5 426
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
–7 328
1 283
–8 612
–6 102
–821
–5 281
–802
np
np
–1 739
np
np
–440
np
np
–878
np
np
2 254
np
np
–883
np
np
–3 804
np
np
201
—
55
—
174
—
25
—
3
—
105
—
41
—
–10
—
48
—
—
—
201
—
—
55
—
—
174
—
—
25
—
—
3
—
—
105
—
—
41
—
—
–10
—
—
48
Assets cont.
Other accounts receivable cont.
Other sectors
Short-term
Long-term
Liabilities
Other equity
Currency and deposits
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
Loans
Central bank
IMF credit and loans from IMF
Other short term
Other long term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Insurance, pension, and
standardised guarantee schemes
Central bank
Deposit-taking corporations,
except the central bank
General government
Other sectors
—
na
np
(a)
56
cont i n u e d
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable,
unless otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on
the ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
25
FIN A N C I A L ACC O U N T (a) ( b ) ( c )
Liabilities cont.
Trade credit and advances
Central bank
Short-term
Long-term
Deposit-taking corporations
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Other accounts payable
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Special drawing rights
RESERVE ASSETS
Monetary gold
Gold bullion
Unallocated gold accounts
Special drawing rights
Reserve position in the IMF
Other reserve assets
Currency and deposits
Claims on monetary
authorities
Claims on other entities
Securities
Debt securities
Short-term
Long-term
Equity and investment fund
shares
Financial derivatives
Other claims
—
na
np
(a)
cont i n u e d
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
39 189
–8 429
26 120
–11 090
1 687
13 991
21 533
9 644
–32 177
–72
—
—
—
–493
—
—
—
716
—
—
—
304
—
—
—
–407
—
—
—
399
—
—
—
419
—
—
—
1 027
—
—
—
–857
—
—
—
–189
–189
—
–297
np
np
418
np
np
669
np
np
–245
np
np
262
np
np
–268
np
np
836
np
np
–519
np
np
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
116
np
np
–196
np
np
299
np
np
–365
np
np
–161
np
np
137
np
np
687
np
np
190
np
np
–338
np
np
3
—
—
—
–480
—
—
—
72
—
—
—
49
—
—
—
–1 027
—
—
—
286
—
—
—
765
—
—
—
–958
—
—
—
–107
—
—
—
547
699
–152
–91
np
np
349
np
np
–583
np
np
–290
np
np
–141
np
np
1 363
np
np
–1 271
np
np
–839
np
np
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
–544
np
np
–389
np
np
–277
np
np
632
np
np
–738
np
np
427
np
np
–598
np
np
313
np
np
731
np
np
—
4 845
—
—
—
—
—
—
—
–11 896
5 929
–3 199
–2 222
–1 121
6 567
–6 423
–336
–3 743
–1
na
na
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
9
–5 502
8
–1
9
–1
1
72
43
–712
–235
–333
—
—
—
–333
–379
–142
–11 194
–2 752
11 666
6 414
–2 874
–6 909
–2 221
–3 113
–1 130
1 232
6 568
1 595
–6 091
–6 622
–30
–669
–3 644
–496
–1 233
–1 518
1 650
4 764
–2 047
–4 862
–1 276
–1 838
–172
1 403
1 008
587
–1 607
–5 015
782
–1 450
179
–674
–8 442
–8 442
na
na
5 252
5 252
4 623
629
4 035
4 034
2 488
1 545
892
890
–429
1 319
–2 362
–2 362
–2 060
–302
4 973
4 973
4 785
188
531
532
192
340
639
639
1 099
–460
–3 148
–3 148
–885
–2 263
na
—
1
2
—
—
–1
—
—
—
na
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable,
unless otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on
the ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
57
26
FO R E I G N AS S E T S (a ) ( b ) ( c ) — De c e m b e r Qu a r t e r 20 1 1
CHANGES IN POSITION REFLECTING
FOREIGN ASSETS
Position at
beginning
of period
$m
Transactions
Price
changes
Exchange
rate
changes
Other
adjustments
Position at
end of
period
$m
$m
$m
$m
$m
–1 242 171
3 567
–8 271
36 311
–1 641
–1 212 204
–368 925
–5 393
–10 632
10 209
–1 018
–375 759
Equity and investment fund shares
Direct investor in direct investment enterprises
Direct investment enterprises in direct investor
(reverse investment)
Between fellow enterprises
–302 725
np
–5 096
np
–10 632
np
8 995
np
–1 019
np
–310 477
np
np
–9
np
np
np
np
np
—
np
—
np
–9
Debt instruments
Direct investor claims on direct investment
enterprises
Direct investment enterprises claims on direct
investor (reverse investment)
Between fellow enterprises
–66 200
–297
—
1 215
1
–65 281
–47 283
257
—
1 188
—
–45 838
–14 010
–4 907
–102
–452
—
—
25
2
—
1
–14 087
–5 357
DIRECT INVESTMENT
PORTFOLIO INVESTMENT
–460 960
–862
–2 812
17 526
–270
–447 377
Equity and investment fund shares
Central bank
Deposit-taking corporations, except the central
bank
General government
Other sectors
–276 410
–325
–1 522
—
–5 904
—
13 103
19
–270
—
–271 003
–306
np
–43 529
np
np
–343
np
60
–546
–5 417
4
2 374
10 705
—
—
–270
np
–42 044
np
Debt securities
Central bank
Short-term
Long-term
–184 550
—
—
—
660
—
—
—
3 092
—
—
—
4 424
—
—
—
–1
—
—
—
–176 375
—
—
—
Deposit-taking corporations, except the central
bank
Short-term
Long-term
–20 253
–4 325
–15 927
240
–579
818
1 316
105
1 211
1 044
22
1 023
—
—
—
–17 652
–4 777
–12 875
General government
Short-term
Long-term
–16 451
–129
–16 322
1 449
–79
1 529
–26
—
–26
886
13
873
—
—
—
–14 142
–196
–13 946
Other sectors
Short-term
Long-term
–147 846
–1 600
–146 246
–1 029
249
–1 279
1 802
–59
1 861
2 493
29
2 464
—
—
—
–144 580
–1 380
–143 200
FINANCIAL DERIVATIVES
–107 089
1 837
4 772
14
5
–100 462
—
—
—
—
—
—
–100 858
–1 090
–5 142
1 140
592
105
5 811
—
–1 039
492
–815
336
1
—
4
–93 414
–1 312
–5 736
–260 336
11 729
242
6 202
–358
–242 522
–461
–144
51
–9
—
–563
–96 870
—
—
—
10 720
—
—
—
—
—
—
—
3 237
—
—
—
–172
—
—
—
–83 084
—
—
—
–85 041
np
np
10 480
np
np
—
—
—
2 867
np
np
–1
np
np
–71 694
np
np
Central bank
Deposit-taking corporations, except the central
bank
General government
Other sectors
OTHER INVESTMENT
Other equity
Currency and deposits
Central bank
Short-term
Long-term
Deposit-taking corporations, except the central
bank
Short-term
Long-term
—
np
(a)
58
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
26
FO R E I G N AS S E T S (a ) ( b ) ( c ) — De c e m b e r Qu a r t e r 20 1 1
cont i n u e d
CHANGES IN POSITION REFLECTING
OTHER INVESTMENT cont.
Exchange
rate
changes
Other
adjustments
Position at
end of
period
$m
$m
$m
$m
$m
$m
–260 336
11 729
242
6 202
–358
–242 522
–96 870
10 720
—
3 237
–172
–83 084
General government
Short-term
Long-term
–1 522
–1 522
—
–454
–454
—
—
—
—
112
112
—
—
—
—
–1 864
–1 864
—
Other sectors
Short-term
Long-term
–10 307
np
np
694
np
np
—
—
—
259
np
np
–171
np
np
–9 525
np
np
Loans
Central bank
Short-term
Long-term
–130 672
—
—
—
1 460
—
—
—
—
—
—
—
2 372
—
—
—
–186
—
—
—
–127 026
—
—
—
–123 536
–64 904
–58 632
1 323
2 229
–906
—
—
—
2 313
752
1 561
–186
5
–191
–120 086
–61 918
–58 168
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
–7 136
np
np
137
np
np
—
—
—
59
102
–43
—
4
–4
–6 940
np
np
–6 837
—
62
—
191
—
–273
—
—
—
–6 858
—
—
—
–6 837
—
—
62
—
—
191
—
—
–273
—
—
—
—
—
–6 858
–16 240
—
—
—
–1 050
—
—
—
—
—
—
—
945
—
—
—
—
—
—
—
–16 345
—
—
—
Deposit-taking corporations
Short-term
Long-term
–2 396
np
np
497
np
np
—
—
—
2
np
np
—
np
np
–1 897
np
np
General government
Short-term
Long-term
–5 249
—
–5 249
–2
—
–2
—
—
—
364
—
364
—
—
—
–4 887
—
–4 887
Other sectors
Short-term
Long-term
–8 595
np
np
–1 545
np
np
—
—
—
579
np
np
—
np
np
–9 560
np
np
–9 256
—
—
—
680
—
—
—
—
—
—
—
–71
—
—
—
—
—
—
—
–8 647
—
—
—
–2 455
np
np
426
np
np
—
—
—
–63
–63
—
—
—
—
–2 092
np
np
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Insurance, pension, and standardised guarantee
schemes
Central bank
Deposit-taking corporations, except the central
bank
General government
Other sectors
Trade credit and advances
Central bank
Short-term
Long-term
Other accounts receivable
Central bank
Short-term
Long-term
Deposit-taking corporations, except the central
bank
Short-term
Long-term
(a)
Transactions
Price
changes
Currency and deposits cont.
Deposit-taking corporations, except the central
bank
Short-term
Long-term
—
np
Position at
beginning
of period
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
59
26
FO R E I G N AS S E T S (a ) ( b ) ( c ) — De c e m b e r Qu a r t e r 20 1 1
cont i n u e d
CHANGES IN POSITION REFLECTING
Position at
beginning
of period
Transactions
Price
changes
Exchange
rate
changes
Other
adjustments
Position at
end of
period
$m
$m
$m
$m
$m
$m
–260 336
11 729
242
6 202
–358
–242 522
–9 256
680
—
–71
—
–8 647
General government
Short-term
Long-term
–4 762
—
–4 762
—
—
—
—
—
—
—
—
—
—
—
—
–4 762
—
–4 762
Other sectors
Short-term
Long-term
–2 039
np
np
254
np
np
—
—
—
–9
np
np
—
—
—
–1 793
np
np
RESERVE ASSETS
OTHER INVESTMENT cont.
Other accounts receivable cont.
–44 861
–3 743
159
2 360
—
–46 085
Monetary gold
Gold bullion
Unallocated gold accounts
–4 252
–4 252
—
—
—
—
124
124
—
148
148
—
—
—
—
–3 980
–3 980
—
Special drawing rights
–4 879
43
—
288
—
–4 548
Reserve position in the IMF
Other reserve assets
Currency and deposits
Claims on monetary authorities
Claims on other entities
Securities
Debt securities
Short-term
Long-term
Equity and investment fund shares
Financial derivatives
Other claims
—
np
(a)
60
–2 094
–142
—
128
—
–2 108
–33 637
–12 498
–750
–11 748
–3 644
–496
179
–674
35
1
—
1
1 796
598
–70
668
—
—
—
—
–35 450
–12 396
–641
–11 754
–21 139
–20 720
–8 661
–12 058
–3 148
–3 148
–885
–2 263
35
43
2
41
1 197
1 182
374
808
—
—
—
—
–23 054
–22 643
–9 171
–13 472
–419
—
–8
16
—
–411
—
—
—
—
—
—
—
—
—
—
—
—
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
27
FO R E I G N LIA B I L I T I E S (a) ( b ) ( c ) — Dec e m b e r Qu a r t e r 20 1 1
CHANGES IN POSITION REFLECTING
Position at
beginning
of period
$m
Transactions
Price
changes
Exchange
rate
changes
Other
adjustments
Position at
end of
period
$m
$m
$m
$m
$m
FOREIGN LIABILITIES
2 095 104
5 588
–8 069
–26 836
1 070
2 066 857
DIRECT INVESTMENT
529 121
23 935
–7 672
–1 379
179
544 185
Equity and investment fund shares
Direct investment enterprises to direct investor
Direct investor to direct investment enterprises
(reverse investment)
Between fellow enterprises
373 111
371 284
22 388
22 897
–7 289
–7 317
—
—
191
191
388 401
387 054
1 715
112
np
np
np
np
—
—
—
—
1 268
79
Debt instruments
Direct investment enterprises liabilities to direct
investor
Direct investor liabilities to direct investment
enterprises (reverse investment)
Between fellow enterprises
156 010
1 547
–383
–1 379
–12
155 784
106 909
2 209
–384
–617
–8
108 108
18 491
30 610
np
np
—
1
np
np
—
–3
17 381
30 294
PORTFOLIO INVESTMENT
1 179 411
15 889
–2 910
–21 785
759
1 171 363
Equity and investment fund shares
Deposit-taking corporations, except the central
bank
Other sectors
318 636
–4 044
–2 031
—
760
313 321
57 272
261 365
1 754
–5 798
2 202
–4 233
—
—
154
606
61 381
251 940
Debt securities
Central bank
Short-term
Long-term
860 774
—
—
—
19 933
—
—
—
–879
—
—
—
–21 785
—
—
—
–1
—
—
—
858 041
—
—
—
Deposit-taking corporations, except the central
bank
Short-term
Long-term
441 634
99 757
341 877
–6 126
4 668
–10 794
–2 027
–265
–1 762
–18 774
–8 618
–10 156
–1
—
–1
414 706
95 543
319 164
General government
Short-term
Long-term
167 466
7 187
160 280
18 229
–582
18 811
2 571
—
2 571
—
—
—
—
—
—
188 266
6 604
181 662
Other sectors
Short-term
Long-term
251 674
20 595
231 079
7 831
–1 237
9 068
–1 424
–83
–1 340
–3 011
–413
–2 598
–1
—
–1
255 069
18 862
236 207
FINANCIAL DERIVATIVES
89 525
–2 059
2 568
4 465
—
94 500
—
—
—
—
—
—
78 681
3 387
7 458
–1 295
–2 651
1 887
3 288
—
–720
3 412
87
966
—
—
—
84 086
823
9 591
297 047
–32 177
–55
–8 137
132
256 810
—
—
—
—
—
—
136 339
784
784
—
–17 933
–360
–360
—
—
—
—
—
–3 283
—
—
—
53
—
—
—
115 175
424
424
—
135 555
56 568
78 987
–17 573
–3 355
–14 218
—
—
—
–3 283
–3 283
—
53
48
5
114 752
49 977
64 775
Central bank
Deposit-taking corporations, except the central
bank
General government
Other sectors
OTHER INVESTMENT
Other equity
Currency and deposits
Central bank
Short-term
Long-term
Deposit-taking corporations, except the central
bank
Short-term
Long-term
—
np
(a)
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
61
27
FO R E I G N LIA B I L I T I E S (a) ( b ) ( c ) — Dec e m b e r Qu a r t e r 20 1 1
conti n u e d
CHANGES IN POSITION REFLECTING
Transactions
Price
changes
Exchange
rate
changes
Other
adjustments
Position at
end of
period
$m
$m
$m
$m
$m
$m
297 047
–32 177
–55
–8 137
132
256 810
136 339
–17 933
—
–3 283
53
115 175
General government
Short-term
Long-term
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Other sectors
Short-term
Long-term
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
138 121
—
—
—
—
–13 328
—
—
—
—
—
—
—
—
—
–4 462
—
—
—
—
684
—
—
—
—
121 015
—
—
—
—
113 112
99 123
13 990
–9 524
–14 950
5 426
—
—
—
–4 230
–571
–3 659
—
—
—
99 358
83 601
15 756
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
25 009
np
np
–3 804
np
np
—
—
—
–231
np
np
684
—
684
21 657
np
np
2 088
—
48
—
–55
—
—
—
—
—
2 081
—
—
—
2 088
—
—
48
—
—
–55
—
—
—
—
—
—
—
—
2 081
6 885
—
—
—
–857
—
—
—
—
—
—
—
–14
—
—
—
—
—
—
—
6 015
—
—
—
1 639
np
np
–519
np
np
—
—
—
1
1
—
—
—
—
1 122
np
np
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5 246
np
np
–338
np
np
—
—
—
–15
np
np
—
np
np
4 893
np
np
8 674
—
—
—
–107
—
—
—
—
—
—
—
–85
—
—
—
–605
—
—
—
7 877
—
—
—
OTHER INVESTMENT cont.
Currency and deposits cont.
Loans
Central bank
IMF credit and loans from IMF
Other short term
Other long term
Deposit-taking corporations, except the central
bank
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Insurance, pension, and standardised guarantee
schemes
Central bank
Deposit-taking corporations, except the central
bank
General government
Other sectors
Trade credit and advances
Central bank
Short-term
Long-term
Deposit-taking corporations
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Other accounts payable
Central bank
Short-term
Long-term
—
np
(a)
62
Position at
beginning
of period
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
27
FO R E I G N LIA B I L I T I E S (a) ( b ) ( c ) — Dec e m b e r Qu a r t e r 20 1 1
conti n u e d
CHANGES IN POSITION REFLECTING
Transactions
Price
changes
Exchange
rate
changes
Other
adjustments
Position at
end of
period
$m
$m
$m
$m
$m
$m
297 047
–32 177
–55
–8 137
132
256 810
8 674
–107
—
–85
–605
7 877
7 456
np
np
–839
np
np
—
—
—
–31
–31
—
1
–28
28
6 587
np
np
80
—
80
—
—
—
—
—
—
—
—
—
—
—
—
80
—
80
Other sectors
Short-term
Long-term
1 138
np
np
731
np
np
—
—
—
–54
–10
–44
–606
–600
–6
1 210
np
np
Special drawing rights
4 940
—
—
–294
—
4 646
OTHER INVESTMENT cont.
Other accounts payable cont.
Deposit-taking corporations, except the central
bank
Short-term
Long-term
General government
Short-term
Long-term
—
np
(a)
Position at
beginning
of period
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
63
28
LE V E L S OF FO R E I G N AS S E T S (a ) ( b ) ( c )
FOREIGN ASSETS
DIRECT INVESTMENT
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–1 089 230 –1 197 299 –1 241 481
–1 206 105 –1 228 368 –1 243 865 –1 241 481 –1 242 171 –1 212 204
–356 784
–379 549
–388 056
–394 873
–407 600
–408 345
–388 056
–368 925
–375 759
–294 214
–314 741
–330 936
–333 836
–347 341
–346 059
–330 936
–302 725
–310 477
np
np
np
np
np
np
np
np
np
np
na
np
–13
np
–14
np
–13
np
–13
np
–18
np
–14
np
–9
np
–9
–62 570
–64 809
–57 119
–61 037
–60 259
–62 285
–57 119
–66 200
–65 281
–43 366
–46 960
–38 769
–42 185
–42 114
–44 934
–38 769
–47 283
–45 838
–19 204
na
–13 935
–3 913
–13 572
–4 778
–14 823
–4 029
–13 869
–4 277
–13 129
–4 222
–13 572
–4 778
–14 010
–4 907
–14 087
–5 357
–361 762
–448 623
–480 641
–446 653
–456 194
–478 514
–480 641
–460 960
–447 377
–218 242
–318
–263 849
–329
–293 970
–302
–266 481
–304
–276 773
–287
–294 447
–290
–293 970
–302
–276 410
–325
–271 003
–306
np
–15 136
np
np
–30 686
np
np
–41 858
np
np
–30 545
np
np
–33 778
np
np
–37 902
np
np
–41 858
np
np
–43 529
np
np
–42 044
np
–143 521
—
—
—
–184 774
—
—
—
–186 671
—
—
—
–180 172
—
—
—
–179 421
—
—
—
–184 067
—
—
—
–186 671
—
—
—
–184 550
—
—
—
–176 375
—
—
—
–15 638
–878
–14 760
–21 844
–3 427
–18 417
–21 945
–5 424
–16 521
–21 424
–3 024
–18 401
–22 200
–3 379
–18 821
–20 765
–2 082
–18 683
–21 945
–5 424
–16 521
–20 253
–4 325
–15 927
–17 652
–4 777
–12 875
–5 944
–291
–5 653
–17 253
–276
–16 977
–16 885
–168
–16 717
–16 635
–252
–16 383
–16 507
–208
–16 299
–17 087
–176
–16 910
–16 885
–168
–16 717
–16 451
–129
–16 322
–14 142
–196
–13 946
Other sectors
Short-term
Long-term
–121 938
–616
–121 322
–145 678
–1 190
–144 488
–147 841
–1 925
–145 917
–142 113
–905
–141 209
–140 713
–1 151
–139 562
–146 215
–1 753
–144 463
–147 841
–1 925
–145 917
–147 846
–1 600
–146 246
–144 580
–1 380
–143 200
FINANCIAL DERIVATIVES
–101 869
–98 256
–90 082
–108 533
–101 183
–93 954
–90 082
–107 089
–100 462
—
—
—
—
—
—
—
—
—
–91 437
–2 155
–8 276
–87 115
–1 235
–9 907
–75 679
–2 428
–11 976
–91 766
–4 249
–12 518
–83 798
–4 705
–12 680
–79 005
–3 545
–11 405
–75 679
–2 428
–11 976
–100 858
–1 090
–5 142
–93 414
–1 312
–5 736
–216 504
–227 134
–241 572
–213 219
–221 800
–227 314
–241 572
–260 336
–242 522
na
–77 434
—
—
—
–17
–89 889
—
—
—
–461
–90 920
—
—
—
–17
–83 897
—
—
—
–148
–92 505
—
—
—
–416
–89 258
—
—
—
–461
–90 920
—
—
—
–461
–96 870
—
—
—
–563
–83 084
—
—
—
Equity and investment fund
shares
Direct investor in direct
investment enterprises
Direct investment
enterprises in direct
investor (reverse
investment)
Between fellow enterprises
Debt instruments
Direct investor claims on
direct investment
enterprises
Direct investment
enterprises claims on
direct investor (reverse
investment)
Between fellow enterprises
PORTFOLIO INVESTMENT
Equity and investment fund
shares
Central bank
Deposit-taking corporations,
except the central bank
General government
Other sectors
Debt securities
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Central bank
Deposit-taking corporations,
except the central bank
General government
Other sectors
OTHER INVESTMENT
Other equity
Currency and deposits
Central bank
Short-term
Long-term
—
na
np
(a)
64
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
28
LE V E L S OF FO R E I G N AS S E T S (a ) ( b ) ( c )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–216 504
–77 434
–227 134
–89 889
–241 572
–90 920
–213 219
–83 897
–221 800
–92 505
–227 314
–89 258
–241 572
–90 920
–260 336
–96 870
–242 522
–83 084
–66 354
np
np
–75 979
np
np
–79 838
np
np
–70 261
np
np
–81 475
np
np
–77 837
np
np
–79 838
np
np
–85 041
np
np
–71 694
np
np
–748
–748
—
–1 386
–1 386
—
–2 135
–2 135
—
–1 804
–1 804
—
–1 322
–1 322
—
–1 173
–1 173
—
–2 135
–2 135
—
–1 522
–1 522
—
–1 864
–1 864
—
Other sectors
Short-term
Long-term
–10 332
np
np
–12 523
np
np
–8 947
np
np
–11 832
np
np
–9 708
np
np
–10 249
np
np
–8 947
np
np
–10 307
np
np
–9 525
np
np
Loans
Central bank
Short-term
Long-term
–109 581
—
—
—
–108 290
—
—
—
–117 387
—
—
—
–101 065
—
—
—
–101 364
—
—
—
–109 077
—
—
—
–117 387
—
—
—
–130 672
—
—
—
–127 026
—
—
—
–100 935
–57 472
–43 463
–99 795
–53 158
–46 637
–110 581
–59 891
–50 691
–92 428
–49 776
–42 652
–93 141
–49 402
–43 739
–101 315
–52 296
–49 019
–110 581
–59 891
–50 691
–123 536
–64 904
–58 632
–120 086
–61 918
–58 168
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
–8 646
np
np
–8 496
np
np
–6 806
np
np
–8 636
np
np
–8 224
np
np
–7 762
np
np
–6 806
np
np
–7 136
np
np
–6 940
np
np
–7 639
—
–6 029
—
–6 583
—
–6 323
—
–6 465
—
–6 610
—
–6 583
—
–6 837
—
–6 858
—
—
—
–7 639
—
—
–6 029
—
—
–6 583
—
—
–6 323
—
—
–6 465
—
—
–6 610
—
—
–6 583
—
—
–6 837
—
—
–6 858
–12 082
—
—
—
–14 208
—
—
—
–15 818
—
—
—
–12 455
—
—
—
–12 567
—
—
—
–13 319
—
—
—
–15 818
—
—
—
–16 240
—
—
—
–16 345
—
—
—
–178
np
np
–590
np
np
–1 392
np
np
–629
np
np
–474
np
np
–885
np
np
–1 392
np
np
–2 396
np
np
–1 897
np
np
General government
Short-term
Long-term
–5 110
—
–5 110
–5 714
—
–5 714
–4 949
—
–4 949
–4 580
—
–4 580
–4 495
—
–4 495
–4 500
—
–4 500
–4 949
—
–4 949
–5 249
—
–5 249
–4 887
—
–4 887
Other sectors
Short-term
Long-term
–6 794
np
np
–7 904
np
np
–9 477
np
np
–7 246
np
np
–7 597
np
np
–7 934
np
np
–9 477
np
np
–8 595
np
np
–9 560
np
np
–9 768
—
—
—
–8 701
—
—
—
–10 403
—
—
—
–9 463
—
—
—
–8 752
—
—
—
–8 633
—
—
—
–10 403
—
—
—
–9 256
—
—
—
–8 647
—
—
—
OTHER INVESTMENT cont.
Currency and deposits cont.
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Insurance, pension, and
standardised guarantee
schemes
Central bank
Deposit-taking corporations,
except the central bank
General government
Other sectors
Trade credit and advances
Central bank
Short-term
Long-term
Deposit-taking corporations
Short-term
Long-term
Other accounts receivable
Central bank
Short-term
Long-term
—
np
(a)
cont i n u e d
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
65
28
LE V E L S OF FO R E I G N AS S E T S (a ) ( b ) ( c )
OTHER INVESTMENT cont.
cont i n u e d
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–216 504
–227 134
–241 572
–213 219
–221 800
–227 314
–241 572
–260 336
–242 522
Other accounts receivable cont.
–9 768
–8 701
–10 403
–9 463
–8 752
–8 633
–10 403
–9 256
–8 647
Deposit-taking corporations,
except the central bank
Short-term
Long-term
–4 044
np
np
–3 049
np
np
–3 605
np
np
–3 737
np
np
–3 078
np
np
–2 587
np
np
–3 605
np
np
–2 455
np
np
–2 092
np
np
General government
Short-term
Long-term
–4 762
—
–4 762
–4 762
—
–4 762
–4 762
—
–4 762
–4 762
—
–4 762
–4 762
—
–4 762
–4 762
—
–4 762
–4 762
—
–4 762
–4 762
—
–4 762
–4 762
—
–4 762
Other sectors
Short-term
Long-term
–962
np
np
–890
np
np
–2 036
np
np
–964
np
np
–912
np
np
–1 285
np
np
–2 036
np
np
–2 039
np
np
–1 793
np
np
RESERVE ASSETS
–52 311
–43 737
–41 130
–42 827
–41 591
–35 738
–41 130
–44 861
–46 085
–2 957
na
na
–3 747
–3 747
—
–3 599
–3 599
—
–3 471
–3 471
—
–3 551
–3 551
—
–3 575
–3 575
—
–3 599
–3 599
—
–4 252
–4 252
—
–3 980
–3 980
—
–215
–5 362
–4 601
–4 976
–4 688
–4 730
–4 601
–4 879
–4 548
Monetary gold
Gold bullion
Unallocated gold accounts
Special drawing rights
Reserve position in the IMF
Other reserve assets
Currency and deposits
Claims on monetary
authorities
Claims on other entities
Securities
Debt securities
Short-term
Long-term
Equity and investment
fund shares
Financial derivatives
Other claims
—
na
np
(a)
66
–1 092
–1 206
–1 567
–1 119
–1 085
–1 270
–1 567
–2 094
–2 108
–48 047
–12 182
–33 421
–5 804
–31 364
–11 123
–33 260
–8 162
–32 268
–6 498
–26 163
–5 004
–31 364
–11 123
–33 637
–12 498
–35 450
–12 396
–1 607
–10 575
–385
–5 419
–1 570
–9 552
–1 172
–6 990
–1 311
–5 186
–322
–4 682
–1 570
–9 552
–750
–11 748
–641
–11 754
–35 893
na
na
na
–27 618
–27 175
–13 213
–13 961
–20 241
–19 858
–9 182
–10 676
–25 075
–24 665
–12 849
–11 816
–25 769
–25 380
–14 145
–11 236
–21 159
–20 771
–9 637
–11 134
–20 241
–19 858
–9 182
–10 676
–21 139
–20 720
–8 661
–12 058
–23 054
–22 643
–9 171
–13 472
na
–443
–383
–410
–389
–388
–383
–419
–411
29
na
—
—
—
—
–24
—
–1
—
—
—
—
—
—
—
—
—
nil or rounded to zero (including null cells)
not available
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the ABS
website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
29
LE V E L S OF FO R E I G N LIA B I L I T I E S (a) ( b ) ( c )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
FOREIGN LIABILITIES
1 792 801
DIRECT INVESTMENT
446 298
491 988
514 825
496 512
508 402
506 636
514 825
529 121
544 185
304 972
345 002
371 668
351 246
367 423
362 989
371 668
373 111
388 401
304 880
343 719
369 625
349 829
365 686
360 927
369 625
371 284
387 054
92
na
1 174
108
1 934
110
1 310
106
1 630
107
1 891
172
1 934
110
1 715
112
1 268
79
141 326
146 986
143 157
145 266
140 978
143 646
143 157
156 010
155 784
123 605
105 065
102 612
104 170
100 342
102 413
102 612
106 909
108 108
17 721
na
17 306
24 615
11 278
29 267
16 057
25 039
14 518
26 119
13 357
27 876
11 278
29 267
18 491
30 610
17 381
30 294
Equity and investment fund shares
Direct investment enterprises to
direct investor
Direct investor to direct investment
enterprises (reverse investment)
Between fellow enterprises
Debt instruments
Direct investment enterprises
liabilities to direct investor
Direct investor liabilities to direct
investment enterprises (reverse
investment)
Between fellow enterprises
PORTFOLIO INVESTMENT
966 449
1 975 163 2 040 135 1 989 556 2 003 414 2 034 192 2 040 135 2 095 104 2 066 857
1 119 958 1 162 826 1 136 931 1 153 790 1 178 225 1 162 826 1 179 411 1 171 363
Equity and investment fund shares
Deposit-taking corporations,
except the central bank
Other sectors
285 839
325 614
366 980
356 307
383 727
390 045
366 980
318 636
313 321
54 063
231 775
64 765
260 849
64 037
302 944
69 759
286 547
65 644
318 083
69 384
320 660
64 037
302 944
57 272
261 365
61 381
251 940
Debt securities
Central bank
Short-term
Long-term
680 611
—
—
—
794 344
—
—
—
795 846
—
—
—
780 624
—
—
—
770 063
—
—
—
788 180
—
—
—
795 846
—
—
—
860 774
—
—
—
858 041
—
—
—
391 038
78 225
312 814
453 250
93 857
359 393
419 328
96 395
322 933
429 484
84 503
344 980
418 063
91 213
326 850
419 606
91 594
328 012
419 328
96 395
322 933
441 634
99 757
341 877
414 706
95 543
319 164
53 450
1 405
52 045
106 412
5 469
100 943
143 615
11 235
132 380
118 702
7 795
110 907
127 604
9 515
118 088
135 129
9 170
125 959
143 615
11 235
132 380
167 466
7 187
160 280
188 266
6 604
181 662
Other sectors
Short-term
Long-term
236 122
12 821
223 302
234 683
11 422
223 261
232 903
13 433
219 470
232 438
10 320
222 118
224 396
11 513
212 883
233 445
12 607
220 838
232 903
13 433
219 470
251 674
20 595
231 079
255 069
18 862
236 207
FINANCIAL DERIVATIVES
101 026
98 690
88 454
113 374
102 141
94 279
88 454
89 525
94 500
—
—
—
—
—
—
—
—
—
90 012
812
10 202
84 097
3 829
10 764
73 758
373
14 324
99 984
1 228
12 162
87 409
661
14 070
79 665
607
14 007
73 758
373
14 324
78 681
3 387
7 458
84 086
823
9 591
279 028
264 526
274 029
242 739
239 082
255 053
274 029
297 047
256 810
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Central bank
Deposit-taking corporations, except
the central bank
General government
Other sectors
OTHER INVESTMENT
Other equity
Currency and deposits
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
—
na
(a)
na
213
—
207
102
—
—
—
—
110 507
834
834
—
109 684
290
290
—
122 855
707
707
—
104 628
323
323
—
98 235
450
450
—
115 342
447
447
—
122 855
707
707
—
136 339
784
784
—
115 175
424
424
—
109 673
72 980
36 693
109 393
54 536
54 858
122 149
54 274
67 875
104 305
52 515
51 791
97 784
42 679
55 106
114 896
46 795
68 100
122 149
54 274
67 875
135 555
56 568
78 987
114 752
49 977
64 775
nil or rounded to zero (including null cells)
not available
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph
6 of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the
ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
67
29
LE V E L S OF FO R E I G N LIA B I L I T I E S (a) ( b ) ( c )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
279 028
264 526
274 029
242 739
239 082
255 053
274 029
297 047
256 810
110 507
109 684
122 855
104 628
98 235
115 342
122 855
136 339
115 175
General government
Short-term
Long-term
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Other sectors
Short-term
Long-term
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
152 237
—
—
—
—
134 071
—
—
—
—
130 171
—
—
—
—
117 169
—
—
—
—
121 781
—
—
—
—
119 729
—
—
—
—
130 171
—
—
—
—
138 121
—
—
—
—
121 015
—
—
—
—
121 996
92 905
29 092
109 035
87 960
21 075
105 231
84 374
20 857
94 644
77 407
17 237
99 649
82 734
16 915
97 443
81 601
15 842
105 231
84 374
20 857
113 112
99 123
13 990
99 358
83 601
15 756
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
30 241
6 138
24 103
25 036
3 820
21 215
24 940
np
np
22 525
np
np
22 132
np
np
22 286
np
np
24 940
np
np
25 009
np
np
21 657
np
np
1 743
—
1 842
—
2 074
—
1 909
—
1 939
—
2 073
—
2 074
—
2 088
—
2 081
—
—
—
1 743
—
—
1 842
—
—
2 074
—
—
1 909
—
—
1 939
—
—
2 073
—
—
2 074
—
—
2 088
—
—
2 081
4 829
—
—
—
4 749
—
—
—
5 818
—
—
—
5 046
—
—
—
4 738
—
—
—
5 407
—
—
—
5 818
—
—
—
6 885
—
—
—
6 015
—
—
—
Deposit-taking corporations
Short-term
Long-term
8
8
—
236
np
np
803
np
np
905
np
np
807
np
np
1 069
np
np
803
np
np
1 639
np
np
1 122
np
np
General government
Short-term
Long-term
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4 821
np
np
4 513
np
np
5 014
np
np
4 141
np
np
3 931
np
np
4 338
np
np
5 014
np
np
5 246
np
np
4 893
np
np
8 813
—
—
—
8 631
—
—
—
8 527
—
—
—
8 829
—
—
—
7 615
—
—
—
7 789
—
—
—
8 527
—
—
—
8 674
—
—
—
7 877
—
—
—
7 783
7 783
—
7 793
np
np
7 953
np
np
7 890
np
np
6 978
np
np
7 380
np
np
7 953
np
np
7 456
np
np
6 587
np
np
OTHER INVESTMENT cont.
Currency and deposits cont.
Loans
Central bank
IMF credit and loans from IMF
Other short term
Other long term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
General government
Short-term
Long-term
Other sectors
Short-term
Long-term
Insurance, pension, and standardised
guarantee schemes
Central bank
Deposit-taking corporations,
except the central bank
General government
Other sectors
Trade credit and advances
Central bank
Short-term
Long-term
Other sectors
Short-term
Long-term
Other accounts payable
Central bank
Short-term
Long-term
Deposit-taking corporations,
except the central bank
Short-term
Long-term
—
np
(a)
68
cont i n u e d
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph
6 of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the
ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
29
LE V E L S OF FO R E I G N LIA B I L I T I E S (a) ( b ) ( c )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
279 028
264 526
274 029
242 739
239 082
255 053
274 029
297 047
256 810
8 813
8 631
8 527
8 829
7 615
7 789
8 527
8 674
7 877
80
—
80
80
—
80
80
—
80
80
—
80
80
—
80
80
—
80
80
—
80
80
—
80
80
—
80
Other sectors
Short-term
Long-term
949
np
np
758
np
np
494
np
np
859
np
np
557
np
np
330
np
np
494
np
np
1 138
np
np
1 210
np
np
Special drawing rights
899
5 336
4 584
4 951
4 672
4 713
4 584
4 940
4 646
OTHER INVESTMENT cont.
Other accounts payable cont.
General government
Short-term
Long-term
—
np
(a)
cont i n u e d
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
(c)
For information about the quality of data for the latest quarter, see paragraph
6 of the Explanatory Notes.
More detailed data are available for this table in spreadsheet format on the
ABS website <www.abs.gov.au>.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
69
30
FO R E I G N DE B T LE V E L S (a) ( b )
ASSETS
Public sector
General government
Financial corporations
Central Bank
Central Borrowing Authorities
Other financial corporations
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
–576 352
–618 249
–615 731
–605 361
–603 717
–602 555
–615 731
–662 156
–629 750
–80 920
–19 811
np
–50 796
–626
np
–84 512
–31 555
np
–42 088
–588
np
–85 371
–32 726
np
–39 180
–400
np
–86 763
–33 148
np
–41 298
–589
np
–84 569
–32 876
np
–40 117
–466
np
–79 209
–32 336
np
–34 080
–556
np
–85 371
–32 726
np
–39 180
–400
np
–86 580
–31 167
np
–42 349
–646
np
–84 480
–29 075
np
–43 566
–463
np
Non-financial corporations
np
np
np
np
np
np
np
np
np
Private sector
Financial corporations
Non-financial corporations
–495 432
–412 950
–82 483
–533 738
–445 789
–87 949
–530 360
–452 681
–77 680
–518 598
–433 440
–85 158
–519 148
–437 194
–81 955
–523 346
–438 797
–84 548
–530 360
–452 681
–77 680
–575 576
–494 102
–81 474
–545 270
–464 047
–81 223
1 201 990
1 304 334
1 301 486
1 281 796
1 252 162
1 281 158
1 301 486
1 403 356
1 365 135
119 904
55 241
2 608
52 633
197 878
115 656
9 934
105 723
234 281
148 652
5 772
142 880
207 531
124 962
6 916
118 046
213 141
133 017
5 990
127 027
227 484
140 528
6 115
134 413
234 281
148 652
5 772
142 880
269 041
175 873
9 086
166 787
288 011
193 815
6 186
187 629
Financial corporations
Central Bank
Debt domiciled abroad
Debt domiciled in Australia
np
834
—
834
np
290
—
290
np
707
—
707
np
323
—
323
np
450
—
450
np
447
—
447
np
707
—
707
np
784
—
784
np
424
—
424
Central Borrowing Authorities
Debt domiciled abroad
Debt domiciled in Australia
59 689
26 264
33 425
77 955
23 286
54 669
81 542
20 543
60 998
78 340
22 117
56 223
76 204
21 368
54 836
83 404
20 431
62 974
81 542
20 543
60 998
87 636
22 197
65 439
89 275
19 367
69 908
Other financial corporations
Debt domiciled abroad
Debt domiciled in Australia
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
np
1 082 086
832 563
249 523
1 106 456
850 284
256 172
1 067 205
806 561
260 644
1 074 265
819 332
254 934
1 039 021
788 678
250 343
1 053 675
797 257
256 417
1 067 205
806 561
260 644
1 134 315
857 213
277 103
1 077 124
796 786
280 338
NET FOREIGN DEBT
625 639
686 084
685 754
676 435
648 445
678 604
685 754
741 200
735 385
Public sector
General government
Financial corporations
Central Bank
Central Borrowing Authorities
Other financial corporations
38 985
35 430
np
–49 962
59 063
np
113 366
84 101
np
–41 798
77 367
np
148 910
115 926
np
–38 474
81 141
np
120 768
91 813
np
–40 975
77 751
np
128 572
100 140
np
–39 667
75 738
np
148 274
108 193
np
–33 633
82 848
np
148 910
115 926
np
–38 474
81 141
np
182 461
144 706
np
–41 565
86 990
np
203 531
164 740
np
–43 142
88 813
np
Non-financial corporations
np
np
np
np
np
np
np
np
np
Private sector
Financial corporations
Non-financial corporations
586 654
419 614
167 040
572 718
404 495
168 223
536 845
353 880
182 965
555 667
385 891
169 776
519 873
351 484
168 389
530 329
358 460
171 869
536 845
353 880
182 965
558 739
363 110
195 628
531 853
332 739
199 115
LIABILITIES
Public sector
General government
Debt domiciled abroad
Debt domiciled in Australia
Non-financial corporations
Debt domiciled abroad
Debt domiciled in Australia
Private sector
Financial corporations
Non-financial corporations
—
np
70
nil or rounded to zero (including null cells)
not available for publication but included in totals where applicable, unless
otherwise indicated
(a)
(b)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
For information about the quality of data for the latest quarter, see paragraph
6 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
31
GR O S S EX T E R N A L DE B T LIA B I L I T I E S (a) ( b ) ( c ) ( d ) : Le v e l s
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
Direct investment liabilities
External debt liabilities to direct
investment enterprises
External debt liabilities to direct
investors
141 326
146 986
143 157
145 266
140 978
143 646
143 157
156 010
155 784
17 721
17 306
11 278
16 057
14 518
13 357
11 278
18 491
17 381
123 605
129 680
131 879
129 209
126 461
130 289
131 879
137 519
138 402
Other liabilities
959 639
1 058 657
1 069 875
1 023 156
1 009 043
1 043 233
54 429
1 405
1 405
111 828
5 469
5 469
148 279
11 235
11 235
123 734
7 795
7 795
132 356
9 515
9 515
139 922
9 170
9 170
148 279
11 235
11 235
172 487
7 187
7 187
192 992
6 604
6 604
53 024
52 045
979
106 359
100 943
5 416
137 044
132 380
4 664
115 938
110 907
5 031
122 841
118 088
4 752
130 752
125 959
4 793
137 044
132 380
4 664
165 300
160 280
5 020
186 388
181 662
4 726
792 621
834 406
804 014
787 933
765 867
790 109
804 014
855 808
793 372
834
834
834
290
290
290
707
707
707
323
323
323
450
450
450
447
447
447
707
707
707
784
784
784
424
424
424
630 500
288 594
78 225
8
100 688
109 673
679 707
299 091
93 857
np
np
109 393
655 463
311 575
96 395
np
np
122 149
637 227
274 855
84 503
np
np
104 305
623 282
279 418
91 213
np
np
97 784
640 393
296 443
91 594
np
np
114 896
655 463
311 575
96 395
np
np
122 149
699 396
343 427
99 757
np
np
135 555
636 525
301 494
95 543
np
np
114 752
341 905
312 814
29 092
380 617
359 393
21 160
343 888
322 933
20 895
362 373
344 980
17 329
343 863
326 850
16 951
343 950
328 012
15 876
343 888
322 933
20 895
355 969
341 877
14 032
335 031
319 164
15 808
161 287
17 164
11 482
981
4 700
154 408
14 901
10 141
1 011
3 749
147 844
17 722
12 598
np
np
150 382
13 381
8 891
np
np
142 135
15 470
10 975
np
np
149 269
16 429
12 077
np
np
147 844
17 722
12 598
np
np
155 629
19 872
np
np
np
156 423
19 153
np
np
np
144 123
135 679
75
8 370
139 508
133 029
90
6 389
130 123
124 198
np
np
137 001
130 749
np
np
126 665
120 744
np
np
132 840
127 085
np
np
130 123
124 198
np
np
135 757
np
np
np
137 270
np
np
np
112 589
7 482
1 339
np
np
112 424
4 261
1 280
np
np
117 582
4 790
834
np
np
111 490
4 441
1 429
np
np
110 820
3 194
538
np
np
113 202
4 165
530
np
np
117 582
4 790
834
np
np
129 526
9 407
np
np
np
128 487
7 314
np
np
np
105 107
87 623
np
np
108 163
90 232
np
np
112 792
95 272
np
np
107 049
91 369
np
np
107 626
92 139
np
np
109 037
93 753
np
np
112 792
95 272
np
np
120 119
np
np
np
121 173
np
np
np
1 100 965
1 205 643
1 213 032
1 168 422
1 150 022
1 186 880
Financial derivatives liabilities
101 026
98 690
88 454
113 374
102 141
94 279
FOREIGN DEBT LIABILITIES (f)
1 201 990
1 304 334
1 301 486
1 281 796
1 252 162
1 281 158
General government
Short term
Money market instruments
Long term
Bonds and notes
Loans and other liabilities
Financial corporations
Monetary authorities
Short term
Currency and deposits
Depository corporations
Short term
Money market instruments
Trade credits
Loans and other liabilities
Currency and deposits
Long term
Bonds and notes
Loans and other liabilities
Other financial corporations
Short term
Money market instruments
Trade credits
Loans and other liabilities
Long term
Bonds and notes
Trade credits
Loans and other liabilities
Other sectors
Short term
Money market instruments
Trade credits
Loans and other liabilities
Long term
Bonds and notes
Trade credits
Loans and other liabilities
GROSS EXTERNAL DEBT (e)
np
(a)
(b)
(c)
not available for publication but included in totals where applicable, unless
otherwise indicated
Instruments are valued at market value or best available proxy.
Liabilities include accrued interest and exclude equity and financial derivative
liabilities.
The short term/long term classification is on an original maturity basis.
(d)
(e)
(f)
1 069 875 1 157 821 1 114 851
1 213 032 1 313 831 1 270 635
88 454
89 525
94 500
1 301 486 1 403 356 1 365 135
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
Gross External Debt as defined in External Debt Statistics: Guide for Compilers
and Users.
Foreign Debt Liabilities as shown in ABS's International Investment Position.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
71
32
CU R R E N C Y AND RE S I D U A L MA T U R I T Y OF FO R E I G N DE B T (a) ( b ) ( c ) — Dec e m b e r Qu a r t e r 20 1 1
Con t r a c t u a l l y due for rep a y m e n t :
Australian
Dollar
United
States
Dollar
Japanese
Yen
United
Kingdom
Pound
Euro
Swiss
Franc
Other
Reserve
Assets
Total
$m
$m
$m
$m
$m
$m
$m
$m
$m
ASSE T S
Less than or up to 90 days
Greater than 90 days and up to 6 months
Greater than 6 months and up to 1 year
Greater than 1 year and up to 5 years
Greater than 5 years
–58 467
–6 097
–10 027
–106 162
–23 946
–124 108
–5 488
–18 150
–37 685
–30 584
–6 436
–1 221
–1 039
–2 950
–2 385
–14 807
–955
–1 604
–12 477
–9 116
–8 757
–354
–1 355
–7 578
–7 700
–2 016
–113
–32
–416
–199
–51 109 –45 675
–3 335
—
–3 644
—
–7 837
—
–15 926
—
–311 375
–17 563
–35 851
–175 105
–89 856
Total
–204 699
–216 015
–14 031
–38 959
–25 744
–2 776
–81 851 –45 675
–629 750
LIABI L I T I E S
Less than or up to 90 days
Greater than 90 days and up to 6 months
Greater than 6 months and up to 1 year
Greater than 1 year and up to 5 years
Greater than 5 years
154 312
31 484
33 193
191 176
224 890
214 780
47 948
33 618
139 388
64 366
6 714
1 724
3 278
37 119
6 176
12 420
6 081
5 672
15 953
12 096
11 697
7 921
2 980
31 487
26 445
2 361
654
791
4 239
3 339
5 229
3 345
4 596
10 837
6 826
—
—
—
—
—
407 513
99 157
84 128
430 199
344 138
Total
635 055
500 100
55 011
52 222
80 530
11 384
30 833
—
1 365 135
—
(a)
(b)
72
nil or rounded to zero (including null cells)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
See paragraph 25 of the Explanatory Notes.
(c)
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
33
EX C H A N G E RA T E S (a )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
UNI T S OF FOR E I G N CUR R E N C Y PER $A
End of period
United States dollar
UK pound sterling
Euro
Japanese yen
Special drawing rights
0.8114
0.4872
0.5751
77.76
0.5234
0.8523
0.5666
0.6979
75.46
0.5778
1.0739
0.6667
0.7405
86.33
0.6724
0.9667
0.6098
0.7121
80.58
0.6227
1.0163
0.6585
0.7647
82.83
0.6599
1.0334
0.6420
0.7309
85.60
0.6541
1.0739
0.6667
0.7405
86.33
0.6724
0.9781
0.6269
0.7213
74.88
0.6241
1.0156
0.6589
0.7847
78.73
0.6636
Period average
United States dollar
UK pound sterling
Euro
Japanese yen
Special drawing rights
0.7456
0.4621
0.5414
73.99
0.4869
0.8830
0.5590
0.6362
80.77
0.5710
0.9891
0.6213
0.7248
82.10
0.6346
0.9034
0.5827
0.6999
77.50
0.5962
0.9874
0.6245
0.7265
81.48
0.6348
1.0042
0.6269
0.7352
82.68
0.6428
1.0615
0.6510
0.7376
86.73
0.6645
1.0497
0.6522
0.7426
81.65
0.6588
1.0118
0.6437
0.7503
78.28
0.6477
77.8
77.5
72.4
75.9
75.8
74.8
T R A D E – W E I G H T E D I N D E X O F V A L U E O F T H E $ A (b)
End of period
Period average
(a)
64.7
60.2
67.3
69.0
77.8
74.0
Exchange rates and the Trade-weighted index are provided by the
Reserve Bank of Australia in respect of each trading day. Period
averages are derived from these rates.
72.9
69.7
(b)
75.8
74.0
76.3
74.8
May 1970 = 100. The Trade-weighted index is reweighted
annually on 1 December.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
73
34
FO R E I G N AS S E T S AND LIA B I L I T I E S (a) ( b ) : B y In d u s t r y (c )
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
FOR EI G N ASSE T S - TRAN S A C T I O N S
Total
–58 574
–94 554
–71 951
–16 393
–15 318
–7 124
–33 116
–23 212
3 567
Mining
Manufacturing
Electricity, gas, water and waste
services
Wholesale trade
Retail trade
Transport, postal and warehousing
Financial and insurance
services (d)
Rental, hiring and real estate
services
Other industries(e)
Unallocated
–12 955
–1 571
–6 641
–6 615
–13 632
–2 362
–12 048
–206
–1 944
–1 267
–3 631
–821
3 991
–68
–11 042
–1 207
–2 252
496
349
122
–93
–12
–1 217
–815
85
–879
–860
846
–40
–341
–163
–214
–48
–336
–197
874
63
–187
–101
337
41
104
–399
–151
–96
78
–62
–114
–28
–32
–106
–114
np
–114
–21 756
–52 675
–50 469
–4 441
–12 133
442
–34 337
–8 621
5 864
–649
–16 593
–5 416
1 288
–21 978
–5 107
–1 742
–6 988
3 635
–102
–2 047
3 211
193
–885
166
–815
–1 769
–912
–1 018
–2 287
1 170
–91
1 297
–3 312
np
1 268
–1 606
FOR E I G N ASSE T S - LEV E L S AT END OF PER I O D
Total
Mining
Manufacturing
Electricity, gas, water and waste
services
Wholesale trade
Retail trade
Transport, postal and warehousing
Financial and insurance
services (d)
Rental, hiring and real estate
services
Other industries(e)
Unallocated
–1 089 230
–1 197 299
–1 241 481
–1 206 105
–140 824
–60 645
–149 955
–67 772
–167 135
–64 209
–161 156
–66 592
–1 228 368 –1 243 865
–171 509
–66 669
–181 487
–67 131
–1 241 481
–167 135
–64 209
–1 242 171 –1 212 204
–159 199
–63 663
–157 959
–62 360
–6 968
–5 823
–3 126
–4 539
–7 981
–6 396
–3 121
–4 041
–7 848
–5 316
–3 187
–3 830
–7 716
–6 450
–3 268
–4 222
–7 884
–5 393
–3 030
–4 033
–7 527
–5 068
–2 944
–3 907
–7 848
–5 316
–3 187
–3 830
–7 969
–5 478
–3 263
–3 942
–7 602
–5 506
–3 064
–3 975
–734 395
–833 898
–852 821
–830 508
–836 939
–842 806
–852 821
–868 842
–845 462
–9 640
–64 517
–58 754
–7 896
–95 033
–21 206
–10 623
–104 322
–22 190
–8 261
–95 751
–22 181
–8 366
–97 417
–27 130
–8 981
–101 332
–22 683
–10 623
–104 322
–22 190
–8 651
–105 468
–15 694
–8 703
–101 590
–15 983
FOREIGN LIABILI T IE S - TRANSAC T I O N S
Total
97 322
149 608
105 398
25 611
25 116
17 694
36 977
30 936
5 588
Mining
Manufacturing
Electricity, gas, water and waste
services
Wholesale trade
Retail trade
Transport, postal and warehousing
Financial and insurance
services (d)
Rental, hiring and real estate
services
Other industries(e)
Unallocated (f)
51 254
6 272
18 620
10 921
28 074
8 537
4 030
2 577
–307
4 443
12 356
1 798
11 995
–281
21 260
1 779
11 385
11 322
261
3 005
–93
–2 872
2 559
4 027
68
398
2 063
5 988
2 446
8 513
614
343
1 302
855
251
3 445
–143
1 493
364
507
327
1 036
834
1 693
960
5 129
606
1 680
–242
206
745
1 619
np
–278
9 466
45 316
–2 891
–4 537
–10 168
345
11 469
–5 126
–33 158
14
16 443
13 573
6 449
53 947
7 303
3 371
38 588
10 707
831
15 661
3 933
2 094
11 395
12 612
–975
6 807
–4 870
1 421
4 725
–968
291
18 740
–8 259
414
16 887
np
np
(a)
(b)
(c)
74
not available for publication but included in totals where applicable, unless
otherwise indicated
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
See paragraph 26 of the Explanatory Notes.
(d)
(e)
(f)
Includes Reserve Bank and Central Borrowing Authority activity.
Includes General government.
From September quarter 1995, investment in trading enterprises placed through
nominees and brokers is not classified by industry and is included in
"Unallocated".
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
34
FO R E I G N AS S E T S AND LIA B I L I T I E S (a) ( b ) : B y In d u s t r y (c )
cont i n u e d
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
FOR E I G N LIABI L I T I E S - LEVE L S AT END OF PER I O D
Total
Mining
Manufacturing
Electricity, gas, water and waste
services
Wholesale trade
Retail trade
Transport, postal and warehousing
Financial and insurance
services (d)
Rental, hiring and real estate
services
Other industries(e)
Unallocated (f)
(a)
(b)
(c)
(d)
1 792 801
1 975 163
2 040 135
1 989 556
2 003 414
2 034 192
2 040 135
2 095 104
2 066 857
213 659
119 050
231 582
128 210
244 018
129 271
230 164
128 429
226 693
129 708
236 922
130 151
244 018
129 271
263 947
128 049
270 093
136 874
13 504
39 922
8 783
17 693
16 032
43 161
9 611
15 991
18 373
51 147
12 065
24 272
16 248
44 209
10 991
16 877
17 087
48 628
10 741
18 635
17 509
50 679
11 069
19 119
18 373
51 147
12 065
24 272
18 630
51 458
12 315
24 569
19 007
52 809
11 412
24 315
1 047 795
1 101 214
1 062 680
1 078 446
1 048 202
1 060 962
1 062 680
1 108 933
1 053 428
22 549
145 976
163 871
29 701
205 008
194 652
33 404
234 848
230 056
30 303
216 990
216 900
32 463
224 239
247 019
31 808
231 440
244 535
33 404
234 848
230 056
34 024
261 414
191 764
33 473
279 923
185 524
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
For information about the quality of data for the latest quarter, see paragraph 6
of the Explanatory Notes.
See paragraph 26 of the Explanatory Notes.
Includes Reserve Bank and Central Borrowing Authority activity.
(e)
(f)
Includes General government.
From September quarter 1995, investment in trading enterprises placed through
nominees and brokers is not classified by industry and is included in
"Unallocated".
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
75
35
SE L E C T E D INT E R N A T I O N A L AC C O U N T S RA T I O S (a)
SEASONALLY ADJUSTED(c)
ORIGINAL(b)
2008–09
2009–10
2010–11
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
343 928 348 445 349 230 359 286 364 873
nya
$ MILL I O N
GROSS DOMESTIC PRODUCT (GDP)
1 252 218
1 293 380 1 400 442
RAT I O S TO GDP (PER C E N T A G E )
CURRENT ACCOUNT
Goods and Services
Credits
Debits
Primary income
NET INTERNATIONAL INVESTMENT POSITION (d)
Net foreign equity (d)
Net foreign debt (d)
–3.0
–4.3
–2.4
–2.1
–2.4
–3.2
–1.8
–1.6
–2.3
0.6
22.7
–22.1
–0.4
19.6
–20.0
1.5
21.2
–19.7
1.7
21.5
–19.8
1.8
21.2
–19.4
0.7
20.5
–19.9
1.7
21.7
–20.0
1.7
22.4
–20.7
1.0
22.5
–21.5
–3.5
–3.9
–3.8
–3.8
–4.1
–3.8
–3.5
–3.2
–3.2
56.2
60.1
57.0
59.0
57.1
57.2
57.0
60.0
60.1
6.2
50.0
7.1
53.0
8.1
49.0
8.1
51.0
9.3
47.8
8.1
49.2
8.1
49.0
7.9
52.1
8.4
51.7
RAT I O S TO GOO DS AND SER V I C E S CRE D I T S (PE R C E N T A G E )
NET INVESTMENT INCOME
Net income on foreign equity
Net income on foreign debt (e)
–15.1
–19.2
–17.4
–17.2
–19.0
–18.2
–15.5
–14.1
–13.8
–4.5
–10.5
–8.7
–10.5
–8.7
–8.7
–8.4
–8.7
–10.0
–9.1
–9.2
–9.0
–7.3
–8.2
–6.7
–7.3
–6.3
–7.5
330 113 332 678 334 327 346 164 353 206
nya
$ MILL I O N
GROSS NATIONAL INCOME (GNI)
1 207 842
1 243 053 1 343 168
RAT I O S TO GNI (PER C E N T A G E )
NET INTERNATIONAL INVESTMENT POSITION (d)
Net foreign equity (d)
Net foreign debt (d)
58.3
62.6
59.5
61.5
59.6
59.7
59.5
62.4
62.5
6.5
51.8
7.4
55.2
8.4
51.1
8.4
53.1
9.7
49.9
8.4
51.2
8.4
51.1
8.2
54.2
8.7
53.8
nya not yet available
(a) Derived from current price data. For a more detailed explanation of Ratios, see
paragraphs 31 to 34 of the Explanatory Notes.
(b) For the latest reference financial year, GDP and GNI are estimated using the
sum of the four quarters, where June quarter is derived using the previous
quarter's GDP and GNI respectively.
(c) Ratios for the current quarter are derived using the previous quarter's GDP and
GNI respectively.
76
(d)
(e)
Ratios for the Net International Investment Position are derived using levels for
those series at the end of the period and GDP or GNI for the year ended with
that period. Net International Investment Position data are not seasonally
adjusted, however, quarterly GDP and GNI used to derive the ratios are
seasonally adjusted.
Net income on foreign debt is not seasonally adjusted, however the quarterly
Goods and services credits series used to derive the ratios are seasonally
adjusted.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
36
SU M M A R Y OF RE V I S I O N S (a) ( b )
2008–09
2009–10
2010–11
Jun Qtr
2010
Sep Qtr
2010
Dec Qtr
2010
Mar Qtr
2011
Jun Qtr
2011
Sep Qtr
2011
$m
$m
$m
$m
$m
$m
$m
$m
$m
BALA N C E OF PAYM E N T S
CURRENT ACCOUNT
—
—
203
—
–18
–46
–102
370
–58
—
—
—
—
—
—
—
—
—
—
—
—
44
–46
90
2
–22
24
—
—
—
—
—
—
18
–1
19
—
—
—
14
–5
19
—
—
—
–29
–7
–22
–29
—
–29
41
–33
74
31
–22
53
–597
144
–741
–408
38
–446
—
—
—
—
—
—
42
–24
66
—
—
—
18
–1
19
14
–5
19
—
–7
7
10
–11
21
–189
106
–295
Primary income
Credits
Debits
—
—
—
—
—
—
154
484
–329
—
—
—
–36
24
–60
–60
46
–105
–73
2
–75
324
412
–89
590
286
304
Secondary income
Credits
Debits
—
—
—
—
—
—
5
2
3
—
—
—
—
—
—
—
—
—
—
—
—
5
2
3
–51
12
–63
—
—
–613
—
74
–44
211
–854
–305
—
—
—
—
—
—
—
—
1
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1
1
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
–613
–756
–174
–583
—
—
—
—
74
–190
150
–341
–44
134
–113
247
211
–360
67
–427
–854
–340
–278
–62
–306
610
–168
778
Portfolio investment
Assets
Liabilities
—
—
—
—
—
—
–376
–345
–31
—
—
—
36
–24
60
–248
–63
–185
52
–14
67
–216
–243
27
–331
–1 268
937
Financial derivatives
Assets
Liabilities
—
—
—
—
—
—
310
371
–60
—
—
—
—
—
—
—
—
—
400
400
—
–90
–30
–60
–106
9
–115
Other investment
Assets
Liabilities
—
—
—
—
—
—
209
217
–8
—
—
—
228
—
229
70
114
–44
118
27
91
–208
77
–284
–478
–547
68
Reserve assets
—
—
—
—
—
—
—
—
—
—
—
409
—
–56
90
–108
484
362
Goods and Services
Credits
Debits
Goods
Credits
Debits
Services
Credits
Debits
CAPITAL AND FINANCIAL ACCOUNT
Capital account
Acquisition/disposal of non-produced,
non-financial assets
Credits
Debits
Capital transfers
Credits
Debits
Financial account
Direct investment
Assets
Liabilities
NET ERRORS AND OMISSIONS
INTER N A T I O N A L INVE S T M E N T POSIT I O N
Net International Investment Position
Net foreign equity
Net foreign debt
Net international investment transactions
Net foreign equity transactions
Net foreign debt transactions
—
(a)
—
—
1 003
—
377
816
1 065
1 003
4 650
—
—
—
—
1 481
–479
—
—
281
97
844
–28
1 189
–124
1 481
–479
3 954
696
—
—
—
—
–301
–312
—
—
4
70
150
–193
–100
311
–354
–499
–1 991
1 686
nil or rounded to zero (including null cells)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
(b)
Difference between estimates in this issue of this publication and the
corresponding estimates provided in the previous issue of this publication.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
77
37
BA L A N C E OF PA Y M E N T S , Hi s t o r i c a l Su m m a r y ( a ) : Or i g i n a l
CAPITAL AND
FINANCIAL
ACCOUNT
CURRENT ACCOUNT
1995–96
1996–97
1997–98
1998–99
1999–00
2000–01
2001–02
2002–03
2003–04
2004–05
2005–06
2006–07
2007–08
2008–09
2009–10
2010–11
2004–05
March
June
2005–06
September
December
March
June
2006–07
September
December
March
June
2007–08
September
December
March
June
2008–09
September
December
March
June
2009–10
September
December
March
June
2010–11
September
December
March
June
2011–12
September
December
np
78
Primary
income Secondary
income
debits
NET
ERRORS
AND
OMISSIONS
Current
account
Goods
and
services
Goods and
services
credits
Goods and
services
debits
Primary
income
Primary
income
credits
$m
$m
$m
$m
$m
$m
–20 184
–2 342
99 895
–102 237
–18 495
8 031
–26 525
653
–368
19 672
880
–16 234
1 702
106 448
–104 746
–18 498
9 046
–27 544
562
–292
17 363
–838
–22 510
–4 645
115 314
–119 959
–18 358
10 838
–29 196
493
–281
23 966
–1 175
–32 731
–14 016
113 837
–127 853
–19 165
10 487
–29 652
450
–367
32 881
216
–31 662
–13 130
128 409
–141 539
–18 825
14 325
–33 149
293
–494
32 227
–71
–17 580
1 340
155 995
–154 655
–19 497
16 801
–36 298
577
–502
17 803
279
–19 023
379
155 771
–155 392
–20 196
16 338
–36 533
794
–363
20 214
–828
–38 299
–16 688
151 493
–168 181
–22 286
16 762
–39 048
675
–329
38 448
180
–46 220
–22 247
146 480
–168 727
–24 328
17 830
–42 158
355
–247
46 683
–216
–693
$m
$m
Capital Financial
account account
$m
$m
$m
–57 570
–23 344
166 805
–190 149
–34 056
22 417
–56 473
–170
–80
58 343
–54 041
–14 689
195 944
–210 633
–38 629
27 192
–65 822
–723
np
54 576
np
–60 543
–11 907
216 795
–228 702
–48 393
36 926
–85 319
–243
281
60 872
–611
–72 871
–24 353
233 813
–258 166
–48 572
44 528
–93 099
54
–232
72 232
871
–37 272
7 353
284 571
–277 218
–44 376
43 364
–87 741
–249
–611
38 750
–867
–56 018
–4 621
253 762
–258 383
–50 327
34 285
–84 612
–1 070
–291
55 054
1 255
–33 026
20 962
297 499
–276 537
–53 459
40 668
–94 127
–529
–556
33 446
136
–14 011
–11 735
–5 312
–3 335
39 385
45 070
–44 697
–48 405
–8 513
–8 266
5 523
5 994
–14 035
–14 260
–186
–134
32
–55
14 188
12 071
–209
–281
–14 973
–13 932
–12 649
–12 488
–4 705
–4 075
–3 428
–2 481
46 550
49 387
47 344
52 663
–51 255
–53 462
–50 772
–55 144
–10 256
–9 761
–9 030
–9 583
5 584
6 295
7 223
8 091
–15 840
–16 056
–16 252
–17 674
–12
–96
–191
–424
np
np
–35
–40
15 064
14 249
13 228
12 036
np
np
–544
492
–14 539
–15 192
–15 385
–15 427
–1 896
–3 308
–3 625
–3 078
54 393
55 384
52 204
54 814
–56 289
–58 692
–55 829
–57 892
–12 689
–11 897
–11 623
–12 184
7 922
8 505
9 963
10 537
–20 611
–20 401
–21 586
–22 720
46
13
–137
–165
–29
423
–9
–104
15 175
14 245
15 456
15 997
–607
524
–62
–466
–18 933
–20 391
–19 492
–14 055
–5 599
–8 342
–8 107
–2 305
55 484
56 262
55 968
66 099
–61 083
–64 604
–64 075
–68 404
–13 515
–12 096
–11 327
–11 634
10 314
10 325
11 635
12 254
–23 828
–22 421
–22 962
–23 888
181
47
–58
–116
–51
–53
–52
–76
18 925
20 236
19 244
13 826
59
208
299
304
–11 844
–8 076
–5 564
–11 789
–255
2 236
4 810
562
74 409
80 540
69 265
60 357
–74 664
–78 304
–64 455
–59 795
–11 612
–10 335
–10 233
–12 197
11 866
11 765
11 058
8 675
–23 478
–22 100
–21 290
–20 872
23
23
–141
–154
–32
–278
–260
–41
11 946
8 962
6 247
11 595
–70
–608
–423
234
–16 148
–19 962
–16 580
–3 328
–4 072
–6 126
–2 464
8 041
59 713
60 267
59 507
74 275
–63 785
–66 393
–61 971
–66 234
–11 898
–13 678
–13 771
–10 980
8 914
6 765
8 400
10 207
–20 812
–20 443
–22 171
–21 186
–178
–158
–345
–389
–62
–64
–72
–93
15 778
19 773
16 085
3 417
432
252
567
4
–8 829
–9 733
–10 518
–3 945
5 395
4 297
2 941
8 329
75 570
74 724
69 048
78 157
–70 175
–70 427
–66 107
–69 828
–14 135
–13 975
–13 295
–12 053
10 095
10 327
9 591
10 655
–24 231
–24 303
–22 886
–22 708
–89
–55
–164
–221
–51
–202
–138
–165
9 217
9 797
10 570
3 861
–337
138
86
249
–8 107
–9 401
4 842
2 040
82 994
83 075
–78 152
–81 035
–12 921
–11 392
10 528
10 716
–23 449
–22 108
–28
–49
–115
–126
7 724
9 156
498
371
not available for publication but included in totals where applicable, unless
otherwise indicated
(a)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
38
BA L A N C E OF PA Y M E N T S , Hi s t o r i c a l Su m m a r y ( a ) : Se a s o n a l l y A d j u s t e d
Current
account
Goods
and
services
Goods and
services
credits
Goods and
services
debits
Primary
income
Primary
income
credits
Primary
income
debits
Secondary
income
$m
$m
$m
$m
$m
$m
$m
$m
–4 870
–6 561
–61
–1 418
39 077
38 474
–39 138
–39 892
–5 006
–5 333
4 255
4 041
–9 261
–9 374
197
190
2002–03
September
December
March
June
–7 473
–9 519
–9 697
–11 533
–2 180
–4 310
–4 080
–5 951
38 538
39 181
38 782
35 035
–40 718
–43 490
–42 862
–40 986
–5 497
–5 393
–5 766
–5 719
4 099
4 188
4 178
4 264
–9 597
–9 581
–9 944
–9 982
204
184
149
137
2003–04
September
December
March
June
–11 225
–11 265
–11 879
–11 986
–5 789
–5 321
–5 726
–5 440
34 982
35 670
36 041
39 341
–40 771
–40 991
–41 766
–44 781
–5 512
–6 061
–6 256
–6 607
4 087
4 287
4 478
4 935
–9 599
–10 347
–10 734
–11 542
76
117
103
61
2004–05
September
December
March
June
–14 425
–15 680
–14 965
–12 458
–6 430
–6 778
–6 088
–3 944
40 009
40 559
41 156
45 260
–46 439
–47 337
–47 244
–49 203
–8 011
–8 870
–8 755
–8 484
5 383
5 656
5 425
5 915
–13 393
–14 526
–14 180
–14 399
16
–32
–122
–30
2005–06
September
December
March
June
–13 539
–13 953
–13 044
–13 730
–3 980
–3 800
–3 537
–3 378
45 705
48 095
49 449
52 812
–49 685
–51 895
–52 986
–56 190
–9 428
–9 999
–9 386
–10 051
5 755
6 363
7 123
7 864
–15 183
–16 362
–16 509
–17 915
–131
–155
–121
–300
2006–07
September
December
March
June
–13 358
–14 883
–15 906
–16 913
–1 728
–2 712
–3 685
–4 112
53 395
54 070
54 501
55 032
–55 123
–56 782
–58 186
–59 144
–11 555
–12 117
–12 158
–12 750
8 163
8 642
9 815
10 241
–19 718
–20 759
–21 972
–22 991
–74
–54
–63
–50
2007–08
September
December
March
June
–17 583
–19 400
–20 503
–15 686
–5 404
–7 034
–8 618
–3 647
54 499
54 916
57 832
66 381
–59 903
–61 950
–66 449
–70 029
–12 251
–12 343
–11 897
–12 035
10 559
10 467
11 566
11 928
–22 809
–22 810
–23 463
–23 964
72
–23
11
–3
2008–09
September
December
March
June
–10 407
–6 695
–6 278
–13 589
172
4 009
4 184
–1 003
72 908
79 048
71 753
60 491
–72 736
–75 039
–67 569
–61 494
–10 489
–10 648
–10 388
–12 540
12 076
11 874
11 117
8 467
–22 565
–22 521
–21 504
–21 007
–90
–56
–75
–46
2009–10
September
December
March
June
–14 433
–18 814
–17 271
–5 690
–3 233
–4 571
–2 856
6 031
58 582
59 110
61 983
74 296
–61 815
–63 681
–64 839
–68 264
–10 918
–14 001
–14 138
–11 451
9 031
6 845
8 461
9 954
–19 949
–20 847
–22 599
–21 405
–282
–241
–276
–270
2010–11
September
December
March
June
–7 320
–8 242
–11 160
–6 613
5 849
6 334
2 350
6 063
73 889
73 809
71 725
77 917
–68 040
–67 475
–69 375
–71 853
–12 986
–14 437
–13 408
–12 574
10 206
10 304
9 751
10 393
–23 192
–24 741
–23 160
–22 967
–183
–139
–101
–103
2011–12
September
December
–5 824
–8 374
6 133
3 589
81 676
82 012
–75 543
–78 424
–11 835
–11 819
10 625
10 647
–22 460
–22 467
–122
–143
2001–02
March
June
(a)
For sign conventions, see paragraphs 3 to 5 of the Explanatory Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
79
39
INT E R N A T I O N A L IN V E S T M E N T PO S I T I O N (a ) ( b ) , Hi s t o r i c a l Su m m a r y : Or i g i n a l
NET INTERNATIONAL
INVESTMENT POSITION
1995–96
1996–97
1997–98
1998–99
1999–00
2000–01
2001–02
2002–03
2003–04
2004–05
2005–06
2006–07
2007–08
2008–09
2009–10
2010–11
2004–05
March
June
2005–06
September
December
March
June
2006–07
September
December
March
June
2007–08
September
December
March
June
2008–09
September
December
March
June
2009–10
September
December
March
June
2010–11
September
December
March
June
2011–12
September
December
(a)
80
FOREIGN ASSETS
FOREIGN LIABILITIES
Total
Net
foreign
equity
Net
foreign
debt
Total
Equity
Debt
Total
Equity
Debt
$m
$m
$m
$m
$m
$m
$m
$m
$m
273 908
80 919
192 989
–196 505
–112 361
–84 144
470 413
193 280
277 134
288 629
81 056
207 573
–233 206
–136 168
–97 038
521 835
217 224
304 611
294 584
68 721
225 863
–303 990
–180 932
–123 058
598 574
249 652
348 921
319 067
90 453
228 614
–330 120
–196 764
–133 356
649 187
287 217
361 970
326 134
55 530
270 604
–431 352
–282 881
–148 471
757 486
338 411
419 075
362 747
62 329
300 418
–493 775
–295 428
–198 346
856 521
357 757
498 765
362 256
40 396
321 861
–524 512
–310 271
–214 241
886 768
350 666
536 102
411 880
58 152
353 728
–537 242
–305 524
–231 718
949 122
363 676
585 445
447 288
62 941
384 347
–648 424
–372 625
–275 799
1 095 712
435 566
660 145
497 517
69 792
427 725
–665 169
–367 762
–297 407
1 162 686
437 554
725 132
528 681
33 815
494 866
–856 627
–492 418
–364 210
1 385 309
526 233
859 076
613 186
73 426
539 760
–1 049 815
–587 277
–462 538
1 663 001
660 703
1 002 298
657 553
56 601
600 952
–1 083 291
–580 845
–502 445
1 740 844
637 446
1 103 398
703 571
77 932
625 639
–1 089 230
–512 879
–576 352
1 792 801
590 811
1 201 990
777 864
91 780
686 084
–1 197 299
–579 050
–618 249
1 975 163
670 829
1 304 334
798 654
112 900
685 754
–1 241 481
–625 749
–615 731
2 040 135
738 649
1 301 486
491 059
497 517
73 835
69 792
417 224
427 725
–700 279
–665 169
–416 322
–367 762
–283 956
–297 407
1 191 337
1 162 686
490 157
437 554
701 180
725 132
506 447
520 262
516 637
528 681
64 019
54 697
33 229
33 815
442 428
465 565
483 408
494 866
–708 841
–752 469
–836 539
–856 627
–404 326
–436 246
–488 673
–492 418
–304 516
–316 223
–347 866
–364 210
1 215 288
1 272 731
1 353 176
1 385 309
468 345
490 943
521 902
526 233
746 944
781 788
831 273
859 076
546 478
582 336
594 693
613 186
39 034
59 039
63 484
73 426
507 444
523 297
531 209
539 760
–892 589
–935 366
–992 254
–1 049 815
–500 624
–526 483
–562 192
–587 277
–391 965
–408 884
–430 062
–462 538
1 439 067
1 517 702
1 586 947
1 663 001
539 658
585 522
625 675
660 703
899 409
932 181
961 272
1 002 298
615 492
635 951
643 911
657 553
37 556
47 347
42 914
56 601
577 936
588 604
600 997
600 952
–1 107 412
–1 085 120
–1 074 550
–1 083 291
–646 761
–633 560
–586 542
–580 845
–460 650
–451 561
–488 008
–502 445
1 722 904
1 721 072
1 718 461
1 740 844
684 318
680 907
629 456
637 446
1 038 586
1 040 165
1 089 005
1 103 398
683 927
705 087
714 638
703 571
34 584
15 039
50 877
77 932
649 344
690 047
663 761
625 639
–1 106 360
–1 101 713
–1 065 584
–1 089 230
–555 254
–515 828
–492 010
–512 879
–551 106
–585 884
–573 574
–576 352
1 790 288
1 806 799
1 780 223
1 792 801
589 838
530 868
542 887
590 811
1 200 450
1 275 932
1 237 335
1 201 990
741 889
772 628
770 341
777 864
117 582
113 806
100 759
91 780
624 307
658 821
669 582
686 084
–1 144 263
–1 170 108
–1 192 010
–1 197 299
–561 301
–589 397
–614 064
–579 050
–582 963
–580 711
–577 946
–618 249
1 886 152
1 942 735
1 962 351
1 975 163
678 883
703 203
714 823
670 829
1 207 270
1 239 532
1 247 529
1 304 334
783 451
775 047
790 327
798 654
107 016
126 601
111 724
112 900
676 435
648 445
678 604
685 754
–1 206 105
–1 228 368
–1 243 865
–1 241 481
–600 744
–624 650
–641 310
–625 749
–605 361
–603 717
–602 555
–615 731
1 989 556
2 003 414
2 034 192
2 040 135
707 759
751 252
753 034
738 649
1 281 796
1 252 162
1 281 158
1 301 486
852 932
854 652
111 733
119 268
741 200
735 385
–1 242 171
–1 212 204
–580 015
–582 455
–662 156
–629 750
2 095 104
2 066 857
691 747
701 722
1 403 356
1 365 135
For information about the quality of data for the latest quarter,
see paragraph 6 of the Explanatory Notes.
(b)
For sign convention, see paragraphs 3 to 5 of the Explanatory
Notes.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
EXPLA N A T O R Y NOTES
INTR ODU C TI ON
1 This publication presents comprehensive details of Australia's international accounts:
its balance of payments and international investment position statistics.
2 The conceptual framework used in compiling Australia's balance of payments
statistics is based on the International Monetary Fund's Balance of Payments and
International Investment Position Manual, Sixth Edition (BPM6). Descriptions of the
underlying concepts and structure of the balance of payments and the sources, methods
and terms used in compiling estimates are presented in the publication Balance of
Payments and International Investment Position, Australia: Concepts, Sources and
Methods, 1998 (cat. no. 5331.0). This version reflects the international standards prior to
BPM6 and is currently being revised. The first part of the revised document was released
on 8 March 2011, featuring only the Goods Account. Other components will be released
as they become available. Further information on the key changes introduced with BPM6
can be found in the Information paper: Implementation of new international
statistical standards in the ABS National and International Accounts, September 2009
(cat. no. 5310.0.55.002).
SIG N CON V E N T I O N
3 In keeping with BPM6 conventions, balance of payments credit entries are shown
with an implied positive sign and debit items are shown as negative entries. References
to balance of payments debit items in Key Figures, Key Points, and Analysis and
Comments are made without regard to sign.
4 For foreign liabilities, position data and any transaction increase or other flow
increase in liabilities is shown without sign. A negative sign for transactions and other
flows in liabilities denotes a fall in liabilities. For foreign assets, position data and any
transaction increase or other flow increase in assets is shown with a negative sign.
Transactions and other flows in assets shown without sign denote a decrease in assets.
5 Movements over time are expressed as percentage changes. A minus sign means a
decrease in credit entries, a decrease in debit entries, a decrease in a surplus or an
increase in a deficit. The absence of a sign means an increase in credit entries, an
increase in debit entries, an increase in a surplus or a decrease in a deficit. Percentage
change is not applicable if there is a change from a surplus to a deficit, or vice versa.
ACCU R A C Y , RELI A B I L I T Y AND
REVIS IO N S
6 While every effort is made to ensure the accuracy and reliability of estimates, care
should be exercised in the use and interpretation of estimates in this publication. The
transactions occurring in the balance of payments are of many different kinds, and
therefore the compilation of balance of payments and international investment position
estimates entails the use of a very wide range of statistical data of varying degrees of
accuracy and timeliness. For the latest quarter estimates for the non–goods items are
based on preliminary data from providers (using careful estimates where exact figures
are unavailable) and fewer survey responses than subsequent estimates. Also, detailed
investigations into reported data may be ongoing. As late returns are received,
investigations are finalised and more accurate data come to hand, revisions will be made
to improve the quality of these estimates.
7 Most series are subject to revision as more complete and accurate information
becomes available. In original terms, the goods and services data are revised for previous
and current financial years to incorporate the latest available survey and administrative
data. In addition, in the September issue revisions can be applied to the four previous
financial years. All other series are revised for the three previous financial years and the
current financial year.
8 In seasonally adjusted and trend terms, revisions may occur at any time point but
tend to focus on the most recent estimates. Please also refer to paragraphs 12 (seasonal
adjustment) and 14 (trend estimates) below.
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81
E X P L A N A T O R Y N O T E S continued
ECON O M I C TER R I T O R Y
9 Australia's economic territory, on a balance of payments and international investment
position basis, is the area under the effective control of the Australian government. It
includes the land area, airspace, territorial waters, including jurisdiction over fishing
rights and rights to fuels and minerals. Australian economic territory also includes
territorial enclaves in the rest of the world. These are clearly demarcated areas of land,
located in other countries and which are owned or rented by the Australian government
for diplomatic, military, scientific or other purposes. Specifically, the economic territory
of Australia consists of:
! Geographic Australia which includes Cocos (Keeling) Islands and Christmas Island;
! Norfolk Island;
! Australian Antarctic Territory;
! Heard Island and McDonald Islands;
! Territory of Ashmore Reef and Cartier Island;
! Coral Sea Islands;
! Australia's territorial enclaves overseas; and
! the Joint Petroleum Development Area (joint territory between Australia and East
Timor (Timor–Leste)).
10 Because of administrative complexities and measurement difficulties, Norfolk Island
transactions with the rest of the world will not always be captured in all relevant balance
of payments and international investment position statistics. Most of the transactions
involving Norfolk Island are not material to Australia's trade performance and not
capturing these transactions will not distort these statistics. However, any significant
transactions will be identified and included in the relevant statistics.
SEAS ON A L LY ADJUS T ED AND
TREN D ESTI M A T E S
11 Quarterly original estimates are volatile, being subject to calendar–related and large
irregular influences. Seasonally adjusted estimates are derived by estimating and
removing from the original series systematic calendar related effects, such as seasonal
(e.g. Christmas), trading day and moving holiday (e.g. Easter) influences. Seasonal
adjustment does not aim to remove the irregular or non–seasonal influences which may
be present in any particular quarter. These irregular influences may reflect both random
economic events and difficulties of statistical recording. Though efforts are made to align
monthly and quarterly data, monthly seasonally adjusted estimates released in
International Trade in Goods and Services, Australia (cat. no. 5368.0) may not align
with the quarterly estimates released in this publication due to different compilation
procedures necessary for monthly and quarterly data.
12 The seasonally adjusted statistics in this publication use the concurrent seasonal
adjustment technique and Autoregressive Integrated Moving Average (ARIMA) modelling
to estimate factors for the current and previous quarters. Under concurrent seasonal
adjustment, the estimates of seasonal factors are fine–tuned as new or revised original
estimates become available each period. The seasonally adjusted estimates are subject to
revisions at each reference quarter as the estimates of seasonal factors are improved. In
some cases, chain volume measures are adequately seasonally adjusted by using the
current price values' seasonal factors. However, in other cases, this is not an adequate
method of seasonal adjustment. These cases outlined below, require independent
seasonal adjustment from September quarter 2005 to take account of the different
seasonal patterns observed between the corresponding chain volume measures and
current price values.
! Goods credits (exports)
! metal ores and minerals
! coal, coke and briquettes
! other mineral fuels
! Goods debits (imports)
! fuels and lubricants.
82
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E X P L A N A T O R Y N O T E S continued
SEAS ON A L LY ADJUS T ED AND
T R E N D E S T I M A T E S continued
13 ARIMA modelling relies on the characteristics of the series being analysed to project
future period data. ARIMA modelling is used on a case–by–case basis where it results in
reduced revisions to seasonally adjusted series when subsequent data becomes available.
The projected values are temporary, intermediate values, that are only used internally to
improve the estimation of the seasonal factors. The projected data do not affect the
original estimates and are discarded at the end of the seasonal adjustment process. The
ARIMA model is assessed as part of the annual review for both chain volume measures
and current price values and following the 2011 annual review, the majority of directly
seasonally adjusted time series in the current account use an ARIMA model.
14 Trend estimates are published as the quarter–to–quarter movements of the
seasonally adjusted estimates may not be reliable indicators of underlying behaviour
because they include irregular or non–seasonal movements. Trend estimates reduce the
effect of these movements as they are derived by applying a 7–term Henderson moving
average to the seasonally adjusted series. The 7–term Henderson moving average (like all
Henderson averages) is symmetric, but as the end of a time series is approached,
asymmetric forms of the average are applied. While the asymmetric weights enable trend
estimates for recent quarters to be produced, it does result in revisions to the estimates
for the most recent three quarters as additional observations become available. Revisions
to trend estimates can also occur because of revisions to the original data and as a result
of the re–estimation of the seasonal factors. Trend estimates should be used with
caution, especially around the time of unusual influences, until these have been
appropriately taken into account. Please take note of the footnotes in tables that include
trend estimates.
15 Information papers and articles on time series methods are available on the ABS
website:
! for seasonal adjustment methods, see Information Paper: An Introductory Course
on Time Series Analysis, Jan 2005 (cat. no. 1346.0.55.001) and Time Series Analysis
Frequently Asked Questions, 2003 (cat. no. 1346.0.55.002)
! for ARIMA modelling, see Feature article: Use of ARIMA modelling to reduce
revisions in the October 2004 issue of Australian Economic Indicators (cat. no.
1350.0)
! for trend estimates methods, see Information Paper: A Guide to Interpreting Time
Series – Monitoring Trends (cat. no. 1349.0)
! alternatively contact the Assistant Director, Time Series Analysis on (02) 6252 6345
or e–mail <[email protected]>.
VOLUM E AND PRICE
16 The Analysis and Comments section of this publication contains references to
volume and price movements of data. Volume data are in terms of chain volume
estimates (see paragraph 17) and price data are in terms of implicit price deflators (see
paragraph 19).
ESTI M A T E S
CHAI N VOLUM E MEAS UR ES
17 To enable analysis of the movement of goods and services in ‘real’ terms, estimates
of chain volume measures are compiled and published each quarter. Chain volume
measures are derived by deflating the original current price series by specially compiled
measures of price change. The reference year for chain volume measures is the year
prior to the latest complete financial year. The reference year is updated with the release
of each September quarter issue of this publication. Prior to the reference year chain
volume measures are non–additive, in that the component chain volume measures of an
aggregate will not add through to the chain volume measure of the total aggregate. For
more information on chain volume measures refer to Information Paper: Australian
National Accounts, Introduction of Chain Volume and Price Indexes (cat. no. 5248.0).
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
83
E X P L A N A T O R Y N O T E S continued
INDEX ES
IMPLICIT PRICE DEFLATOR
(IPD)
TERMS OF TRADE
18 This publication and the International Trade Price Indexes (ITPI) (cat. no. 6457.0)
provide detailed Australian export and import price information for analysts. The ITPI
measures changes in the prices of goods imported into Australia (the Import Price Index
(IPI)) and goods exported from Australia (the Export Price Index (EPI)). Differences can
occur between ITPI measurements and BoP measurements due to coverage, scope,
timing adjustments and weighting patterns.
19 The quarterly implicit price deflators (IPDs) are derived by dividing current price
estimates by the corresponding chain volume measures. Movements in IPDs can be
greatly affected by changes in the physical composition of the aggregates and their
components. The quarterly IPDs derived from seasonally adjusted data are preferred to
those using original data because the seasonal adjustment process removes some of the
seasonal changes in the composition of this series. However, the seasonal adjustment
process itself is also a possible source of distortion.
20 Quarterly estimates of the terms of trade shown in table 6 of this publication are
derived from seasonally adjusted data. The Terms of Trade index is a ratio, that measures
the relative prices of a country's credits to debits. The ABS calculates the Terms of Trade
index using the following formula:
implicit price deflator for the credit item
implicit price deflator for the debit item
TRADE WEIGHTED INDEX (TWI)
21 The TWI is an indicator of movements in the average value of the Australian dollar.
The TWI is calculated by the Reserve Bank of Australia (RBA) as a geometric average of a
basket of currencies that are representative of Australia's trading patterns. As of
December 2011 the RBA has changed the methodology for compiling the TWI to include
both merchandise and services trade, rather than merchandise trade only.
CHAIN LASPEYRES PRICE
22 The chain Laspeyres price indexes are derived by combining individual component
prices with weights which reflect the average relative importance of the components in
the previous year. These are then indexed to the relevant reference year. For all periods
since the latest reference year, reference year weights are used.
INDEXES
RESERVE BANK OF AUSTRALIA
(RBA) COMMODITY PRICE
INDEX
OPE N I N G POS I T I O N FOR
SELECTE D SERIES
84
x100
23 The Index of Commodity Prices (ICP) released monthly by the Reserve Bank of
Australia (RBA) is a weighted average of price movements for the 20 largest commodities
in Australia's exports, which currently account for 85% of primary commodity export
earnings, re–based to 2008–09. Differences between the ICP and price statistics released
by the ABS are largely a consequence of methodological differences used in the
compilation of the respective statistics, including coverage of included commodities and
timing of source data. Inclusion of the ICP is for comparative purposes.
24 The introduction of BPM6 has resulted in a number of new international investment
series in tables 26 and 27. Where possible, historical series have been created. In a small
number of cases this was not feasible. For 'other equity' the opening position for
September quarter 2009 is shown as zero and reconciliation between the opening
position of zero and the reported closing position is via an 'other adjustment'. Similarly
for 'between fellow enterprises', September quarter 2009 opening positions for 'direct
investor claims on direct investment enterprises' and 'direct investment enterprises
claims on direct investors (reverse investment)' include positions between fellow
enterprises. Reconciliation between these opening positions, which include fellow
enterprises, and closing positions, which do not include fellow enterprises, is via 'other
adjustments'.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
E X P L A N A T O R Y N O T E S continued
CURR EN C Y
25 In table 32 ‘currency’ refers to the currency in which assets or liabilities are likely to
be repaid, while ‘residual maturity’ refers to the time remaining until an asset or liability
is due to be fully repaid. Reserve assets are not allocated by currency. All reserve assets
are allocated to the repayment category ‘less than or equal to 90 days’ although a range
of maturities may be involved.
INDUS TR Y DATA
26 The industry categories shown are based on the Australian and New Zealand
Standard Industrial Classification (ANZSIC), 2006 (cat. no. 1292.0). Industry statistics
should be treated with some caution as they do not necessarily reflect the industry of the
end use of the funds. First, the statistical unit (that is, the unit of observation and
classification) generally consists of all enterprises in an enterprise group within a single
resident institutional sector. The industry of this statistical unit, which may cover a broad
range of activities, is determined on the basis of the predominant activity of the unit as a
whole which may be quite different from the industry in which funds are used. Second,
financial enterprises such as trading and merchant banks, may borrow funds as principals
and then on–lend to clients in other industries.
COM M O D I T Y BRE A K D O W N S
27 Commodity breakdowns of general merchandise credits are provided in tables; 7
(at current prices), 9 (at current prices, seasonally adjusted), 11 (chain volume measures,
seasonally adjusted) and 13 (implicit price deflators, seasonally adjusted). The groupings
shown are based on the United Nations' Standard International Trade Classification,
Revision 4 (SITC Rev 4).
OF GEN E R A L MER C H A N D I S E
28 Commodity breakdowns of general merchandise debits are provided in tables; 8 (at
current prices), 10 (at current prices, seasonally adjusted), 12 (chain volume measures,
seasonally adjusted) and 14 (implicit price deflators, seasonally adjusted). The three
broad end–use categories – Consumption goods, Capital goods and Intermediate and
other merchandise goods – are based on United Nations’ Classification of Broad
Economic Categories (BEC). These broad end–use categories are further divided into a
total of 25 SITC based commodity groupings.
29 For more information on the commodity classification of general merchandise
debits and a detailed concordance between balance of payments general merchandise
debits end–use categories, commodity groups, BEC and SITC Rev 4, refer to Information
Paper: Impact of introducing Revision 4 of the Standard International Trade
Classification, 2008 (cat. no. 5368.0.55.010).
TOUR I S M RELA T E D SER V I C E S
30 The tourism related services memorandum items provide timely indicators of the
movements in tourism related activities, not an absolute measure of the level of these
activities. The tourism related indicator has been derived by combining total travel
services (business, education–related and other personal travel) and passenger
transportation services (which includes agency fees and commissions for air transport).
SELECTE D INTERN AT IO NA L
31 Current account data ratios are calculated by dividing the data for reference
quarter/year for the relevant item by the corresponding current price Gross Domestic
Product (GDP) or Gross National Income (GNI) value. GDP and GNI are estimated
according to the System of National Accounts, 2008 (2008 SNA) and will not be directly
comparable with countries who have not yet implemented 2008 SNA. Refer to the
explanatory notes of the Australian National Accounts: National Income, Expenditure
and Product (cat. no 5206.0) publication for more detail on GDP.
ACCOUNT S RATI OS
32 Quarterly series use seasonally adjusted data (unless otherwise indicated). Original
data are used for series that do not have seasonality. These series are footnoted
accordingly. However seasonally adjusted GDP and GNI are used in these ratios.
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
85
E X P L A N A T O R Y N O T E S continued
SELECTE D INTERN AT IO NA L
A C C O U N T S R A T I O S continued
33 Ratios for the Net International Investment Position are derived using levels for
those series at the end of the period and GDP or GNI for the year ended with that
period. For example, when calculating the GDP Net foreign equity ratio for the
September quarter 2009, the level of Net foreign equity at September 2009 is divided by
the sum of the four quarters of seasonally adjusted GDP ending September 2009 (the
December 2008, March 2009, June 2009 and September 2009 quarters).
34 As the international accounts are released prior to the national accounts, the
current quarter's GDP and GNI are not available and are annotated 'nya'. The previous
quarter's value is used to calculate a preliminary ratio for the current quarter. For Net
International Investment Position data, this will mean that the sum of the four quarters
for GDP or GNI ending the previous quarter will be used for the current quarter's ratios.
ROUNDIN G
35 Discrepancies may occur between totals in this publication and the same aggregates
from other sources, and between sums of component items and totals due to rounding.
REL A T E D PRO D U C T S AND
36 Users may also wish to refer to the following publications which can be
downloaded free of charge from the ABS website:
! International Trade in Goods and Services, Australia (cat. no. 5368.0) – issued
monthly
! International Merchandise Imports, Australia (cat. no. 5439.0) – issued monthly
! International Trade Price Indexes (cat. no. 6457.0) – issued quarterly
! International Trade in Services by Country, by State and by Detailed Service,
Financial Year (cat. no. 5368.0.55.003) and Calendar Year (cat. no. 5368.0.55.004)
! International Investment Position, Australia: Supplementary Country Statistics
(cat. no. 5352.0) – issued annually
! Foreign Currency Exposure, Australia (cat. no. 5308.0) – irregular, last issued on 30
October 2009
! Balance of Payments and International Investment Position, Australia: Concepts,
Sources and Methods (cat. no. 5331.0)
! International Merchandise Trade, Australia: Concepts, Sources and Methods, 2001
(cat. no. 5489.0)
! Information Paper: Quality of Australian Balance of Payments Statistics (cat. no.
5342.0), issued on 20 February 1996.
PUBLI C A T I O N S
37 Current publications and other products released by the ABS are available from the
Statistics tab on the ABS website. The ABS also issues a daily Release Advice on the
website which details products to be released in the week ahead. Theme pages are
available on the ABS website. Select Topics @ a Glance – Economy – Balance of
Payments or Foreign Investment and Foreign Debt. These pages provide direct links to
all balance of payments, foreign investment and foreign debt related data and
publications, recent changes and forthcoming events, links to relevant websites and a
range of other information about the Australian International Accounts.
38 Estimates for periods prior to those shown in this publication are available from
Time Series Spreadsheets. Detailed data on exports and imports of goods, including
dissections by commodity and country of origin, are also available from Time Series
Spreadsheets on a recorded trade basis (see tables 12 to 15 and 31 to 37 of 5368.0 or
tables released with 5439.0). If more detailed data is required it can be obtained by
contacting the Client Service telephone number shown on the back of this publication.
There may be a charge for this information, depending on the volume of data requested.
86
ABS • BAL A N C E OF PAY ME N T S AND INT ER N A T I O N A L INV ES T M E N T POSI T I O N • 530 2 . 0 • DEC QTR 201 1
AP P E N D I X RELA T E D ARTI C L E S
Source(a)
Issue / Release
5308.0
5302.0
1301.0
5302.0
Mar qtr 2009
Sep qtr 2007
2006
Sep qtr 2003
(b)5363.0
1998–99
5368.0.55.006
5368.0
5368.0
5368.0
5368.0
5368.0
5496.0.55.001
5368.0
(b)5422.0
Mar 2011
Dec 2009
Oct 2007
Feb 2006
Nov 2004
Oct 2004
Jun 2004
Mar 2004
Dec qtr 2000
Trade in services
ABS International Tourism Estimates
Australian outward finance and insurance foreign affiliate trade, 2009–10
International trade in services by partner country, 2006, preliminary
Changes to International trade in services statistics, August 2006
Changes to International trade in services travel statistics
5302.0
5485.0
5368.0
5368.0
5368.0
Dec 2011
Jun 2011
Dec 2006
Aug 2006
Aug 2005
Finance
Impact of the farm season on Australian production in 2002–03 and 2003–04
Recent trends in construction and first home buyers finance
Household sector data in the financial accounts
1301.0
5609.0
5232.0
2005
Mar 2002
Mar qtr 2002
5368.0.55.017
5368.0.55.018
5368.0.55.016
5368.0.55.015
Dec 2011
Sep 2011
May 2011
Mar 2011
5310.0.55.002
Oct 2009
5368.0.55.014
Oct 2009
5302.0.55.003
Aug 2009
5302.0.55.002
5368.0.55.013
Jul 2009
Jul 2009
5368.0.55.012
5368.0.55.011
5302.0
5302.0
5368.0.55.010
5368.0.55.009
5310.0.55.001
1233.0.55.001
5368.0.55.005
5368.0
5439.0
Jun 2009
Dec 2008
Jun qtr 2008
Jun qtr 2008
May 2008
Jan 2008
Sep 2007
Nov 2006
Jun 2006
May 2006
Oct 2005
5439.0
5368.0
5368.0
5422.0
5422.0
Aug 2005
May 2003
Aug 2004
Jun qtr 2002
Dec qtr 1999
Artic l e
Investment
Foreign currency exposure
Foreign ownership of equity
Kangaroo bonds
Gross external debt
Balance of payments
International comparison of balance of payments statistics
Merchandise trade
Characteristics of Australian Exporters, 2009–10
Export and Import Invoice Currencies, Dec 2009
100 years of international trade statistics
New methodology for deriving counts of Australian exports
Australia's Importers, 2003–04
Australia's Exporters, 2003–04
Foreign ownership of Australian exporters and importers, 2002–03
Australia's trade with the USA
Major commodities traded by Australia, 1991 to 2000
Technical information
Changes to AHECC and Customs 2012
Experimental Statistics on International Shipping Container Movements, 2009–10
Proposed changes to statistical codes in the HTISC, 2012
Proposed changes to statistical codes in the AHECC, 2012
Implementation of new international statistical standards in ABS National and International Accounts,
September 2009
Impact of revised international standards on monthly International Trade in Goods and Services, August
2009
Estimation of Workers' Remittances based on Balance of Payments and International Investment Position
Manual, Sixth Edition, September 2009
Revisions to international standards in quarterly Balance of Payments and International Investment
Position statistics from September 2009, 2009
Changes to International Trade in Goods Statistics – Countries and Ports, July 2009
Revisions to international standards in monthly international trade in goods and services statistics from
August 2009, 2009
Changes to International Trade in Goods Industry Statistics, July 2009
Technical note 1 – Income on debt
Technical note 2 – Use of CDI data
Impact of introducing Revision 4 of the Standard International Trade Classification, 2008
Changes to international trade statistics July 2008, 2007 to 2008
Introduction of revised international standards in ABS economic statistics in 2009, 2007
Changes on 1 January 2007 to Statistical Codes in the AHECC and the Customs Tariff, 2007
ABS implementation in January 2007 of revisions to international trade classifications, 2007
Revised treatment of Goods for Processing in Merchandise Trade and Balance of Payments Statistics
Impact of Customs and ABS changes on import statistics from October 2005
ABS management of the impact of the implementation of the imports component of the New Customs
System
Changes to country and port classifications
Implementation of New Customs Systems
The effect of customs changes on export statistics
Data confidentiality
(a)
(b)
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GLOSS A R Y
Balance
Balance of payments
A statistical statement that systematically summarises the economic transactions
occurring between residents of Australia and residents of the rest of the world
(non-residents) over a specific period of time. The balance of payments is a system of
consolidated accounts in which many balances can be derived, such as the balances on
goods and services, current account, capital account and financial account.
Balance of payments basis
A basis for compiling international trade statistics which records transactions between
residents and non-residents at the time of change of ownership rather than the time at
which the import/export documents are lodged with a particular country's customs
agency.
Balance on capital account
Balance on current account
Balance on financial account
BPM6
The sum (net) of credit and debit entries for acquisition/disposal of non-produced,
non-financial assets and capital transfers.
An indicator frequently used for analysing the balance of payments. It is derived as the
sum (net) of credit and debit entries for goods, services, primary income, and secondary
income.
The sum (net) of transactions in
! direct investment (assets less liabilities)
! portfolio investment (assets less liabilities)
! financial derivatives (assets less liabilities)
! other investment (assets less liabilities), and
! net change in the level of reserve assets.
International Monetary Fund's Balance of Payments and International Investment
Position Manual, Sixth Edition (BPM6). It is the current international standard adopted
by Australia for the compilation of balance of payments and international investment
statistics.
Capital account
Capital account comprises both acquisitions and disposals of non-produced,
non-financial assets (such as patents and copyrights) and capital transfers.
Capital transfers
Capital transfers include the offsets to one-sided transactions of a capital nature, for
example, Australian grants or gifts to developing countries for capital works projects such
as the building of schools, roads and bridges.
Chain price indexes
Chain volume measures
Compensation of employees
Composite corporate
benchmark yield
88
The sum (net) of credit and debit entries for a subset of balance of payments
components, for example, "balance of trade", "balance on current account". See also the
definition of "deficit and surplus".
Annually-reweighted chain Laspeyres price indexes are series of indexes measuring price
change from a base year to quarters in the following year using current price values in
the base year as weights, linked together to form a continuous time series. In other
words, chain price indexes are constructed in a similar fashion to the chain volume
indexes and are referenced to the same year as chain volume measures.
Chain Laspeyres volume measures are compiled by linking together (compounding)
movements in volumes, calculated using the average prices of the previous financial year,
and applying the compounded movements to the current price estimates in a chosen
reference year (i.e. the year when the quarterly chain volume measures sum to the
current price annual values). The reference year is updated with the release of each
September quarter issue of this issue.
Compensation of employees is the total remuneration, in cash or in kind, payable by
enterprises to employees in return for work done during the accounting period.
Representative yield of long-term corporate bonds.
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G L O S S A R Y continued
Current account
Deficit and surplus
Transactions between Australia and the rest of the world in goods, services, primary
income, and secondary income are recorded in this account. It is distinguished from the
capital and financial accounts.
A deficit occurs when the sum of all debit entries exceeds the sum of all credit entries,
and a surplus occurs when the sum of all credit entries exceeds the sum of all debit
entries. The term deficit (or surplus) can therefore be used in relation to various
balances, e.g. balance on current account.
Dividends
Dividends are the distribution of earnings allocated to shares and other forms of
participation in the equity of incorporated private enterprises, co-operatives, and public
corporations. It is a form of investment income to which shareholders become entitled
as a result of placing funds at the disposal of corporations (e.g. by buying shares).
Dividends are recorded on an accrual basis (on the date the underlying equity becomes
ex-dividend).
Double entry system
A system that follows the internationally accepted accounting principle of recording two
equal entries for each transaction, which is described as a double entry accounting
system. Credit entries are used to record exports of goods and services, income
receivable and financial transactions involving either a reduction in Australia's foreign
financial assets or an increase in its foreign liabilities. Conversely, debit entries are used
to record imports of goods and services, income payable and financial transactions
involving either an increase in Australia's foreign financial assets or decrease in foreign
liabilities. Any entries that are not automatically paired are matched by special offsetting
entries (current or capital transfers).
Exchange rate changes
(exchange rate variations)
The impact on the stock of financial liabilities and assets due to the changes in exchange
rate between the Australian dollar and other currencies in which these liabilities and
assets are denominated.
Exports
Commodities and other goods or services sold by residents to non-residents.
Financial account
This account, which is part of the balance of payments, records all transactions between
residents and non-residents, associated with a change of ownership of foreign financial
assets and liabilities during the period including the creation and liquidation of financial
claims.
Foreign financial assets (and
foreign financial liabilities)
Foreign financial assets and their matching liabilities are claims by a resident of one
economy upon a resident of another economy. The existence of such claims, therefore,
generally will be recorded on two balance sheets, namely the balance sheet of the
transactor against which the claims are held as liabilities, and the balance sheet at of the
holder of the claims who will record the transactions as assets. Foreign financial assets
include resident owned corporate equities, bonds, and notes issued by foreign
enterprises.
Gross domestic product (GDP)
Gross domestic product (GDP) is the total market value of goods and services produced
in Australia within a given period after deducting the cost of goods and services used up
in the process of production but before deducting allowances for the consumption of
fixed capital. It is defined 'at market prices'. It is equivalent to gross national expenditure
plus exports of goods and services less imports of goods and services.
Gross national income (GNI)
Imports
Gross national income (GNI) is the aggregate value of gross primary incomes for all
institutional sectors, including net primary income receivable from non-residents.
Commodities and other goods or services purchased by residents from non-residents.
Income on equity and
investment fund shares
Income on equity and investment fund shares includes dividends and distributed branch
profits and any distributions made by investment funds. It also includes reinvested
earnings on direct investments and reinvested earnings on investment fund shares
Interest
Interest is income earned by holders of traded debt securities and non-traded debt assets
such as loans, deposits and trade credits.
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G L O S S A R Y continued
International accounts ratios
Investment fund shares
International account ratios provide an indication of a country's ability to service debt
and to sustain current account balances.
Investment fund shares are units or shares in pooled investment vehicles such as
wholesale equity funds and cash management trusts.
Investment income
Investment income is income generated by financial assets. This includes dividends paid
on direct and portfolio equity investments and interest paid on debt securities and other
debt instruments.
Non-produced, non-financial
assets
These comprise intangible assets recorded in the capital account such as sales of patents,
copyrights, trademarks and franchises, and certain transactions in embassy land (tangible
assets, transacted infrequently).
Non-resident
Any economic entity (individual, enterprise or other organisation) ordinarily domiciled
in a country other than Australia. Note that foreign branches and foreign subsidiaries of
Australian enterprises and other external territories are regarded as non-residents.
Price Changes
Price changes show the change in the market value of positions between the beginning
and the end of the period that is due to a change in market prices. For equity positions
the relevant market prices may be listed share prices or some other estimate of market
value and for debt positions the relevant market prices may be interest rates.
Primary Income
Reinvested earnings
Remitted profits
Reserve Bank of Australia
(RBA)
Resident
The primary income account shows primary income flows between resident and
non-resident institutional units. The international accounts distinguish the following
types of primary income:
! compensation of employees;
! dividends;
! reinvested earnings;
! interest;
! investment income attributable to policy holders in insurance, standardized
guarantees, and pension funds;
! rent;
! and taxes and subsidies on products and production.
Reinvested earnings are the earnings of a business enterprise that are not paid out as
dividends or other distributions to investors in the enterprise. Reinvested earnings are
retained by the enterprise to fund future business activities.
Remitted profits are the earnings which overseas branches and other unincorporated
enterprises remit to or from their Australian corporate head office.
RBA is Australia's central bank. The RBA's main functions include monetary policy
development, the issue of national currency, provision of banking services to the
Commonwealth government sector, and acting as a custodians of the country's reserve
deposits and international reserves.
Residents include all economic entities that have a closer association (geographic and
economic) with the territory of Australia than with any other territory. Residents include
any individual, enterprise or other organisation ordinarily domiciled in Australia. See also
"Non-resident".
Please note that Australian registered branches and incorporated subsidiaries of foreign
enterprises are regarded as Australian residents.
Rest of the world (ROW)
Secondary Income
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The rest of the world consists of all non-resident institutional units which undertake
international trade or have other economic links with resident units.
Secondary income include current transfers that offsets to the provision of resources that
are normally consumed within a short period (less than twelve months) after the transfer
is made. Examples include food aid, remittances from residents temporarily abroad, and
remuneration received by international students undertaking university studies.
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G L O S S A R Y continued
Transaction
Transfer
Volume changes
A transaction is an economic flow that reflects the creation, transformation, exchange,
transfer, or extinction of economic value and involves changes in ownership of goods
and/or financial assets, the provision of services, or the provision of labour and capital.
The transactions recorded in the international investment position (IIP) reconciliation
statement are the same as the transactions recorded in the financial account of the
balance of payments.
A one-sided transaction such as gift, grant, tax, etc. where one transactor provides
something of economic value to another but does not receive a quid pro quo to which
an economic value can be assigned. In order to maintain the double entry system of
accounting, the value provided is matched in the accounts by an offsetting entry which is
referred to as a transfer. See also the definitions for "secondary income" and "capital
transfers".
Volume changes show the change in the market value of positions between the
beginning and the end of the period that is due to factors other than transactions, price
changes and exchange rate changes. Volume changes include those due to the write-off
of debt, reclassifications and changes in financial assets and liabilities due to migration.
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