Australian Economy

Net exports strong for GDP

David Llewellyn-Smith
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Fresh from the ABS:

DECEMBER KEY FIGURES

Sep Qtr 2014
Dec Qtr 2014
Sep Qtr 2014 to Dec Qtr 2014
$m
$m
% change
BALANCE ON CURRENT ACCOUNT
Trend estimates
-11 757
-11 279
4
Seasonally adjusted
-12 130
-9 588
21
BALANCE ON GOODS AND SERVICES
Trend estimates
-3 526
-3 911
-11
Seasonally adjusted
-3 899
-2 430
38
NET PRIMARY INCOME
Trend estimates
-7 689
-6 832
11
Seasonally adjusted
-7 688
-6 621
14
LEVELS AT END OF PERIOD
International Investment Position
873 931
866 149
-1
Net foreign equity
-12 866
-58 684
-356
Net foreign debt
886 797
924 834
4

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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.
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