Australian Economy

Is Australia headed for a current account surplus?

David Llewellyn-Smith
Tuesday 5 March 2019
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Remarkable stuff for any long term observer. The Aussie current account deficit is fading away with the Dec 2019 QTR reported this morning reported at just $7.2bn with the annual number at $40.8bn:

 

This equates to just 1.7% quarterly and 2.2% annually of GDP:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.