Australia recorded a Current Account surplus of 1.80 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Australia averaged -2.89 percent of GDP from 1959 until 2023, reaching an all time high of 4.00 percent of GDP in the third quarter of 2021 and a record low of -7.30 percent of GDP in the fourth quarter of 2007. source: Reserve Bank of Australia
Current Account to GDP in Australia is expected to be 2.20 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Current Account to GDP is projected to trend around -1.00 percent of GDP in 2025 and -0.70 percent of GDP in 2026, according to our econometric models.