Overview
Discussions Key data points
Last release
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Observation period
Q2 2024
Next release
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Forecast
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Highest
4.00% on Sep 30, 2021
Lowest
−7.30% on Dec 31, 2007
About Australia Current Account To GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.