Current account balance (credit less debit), Net (credits less) in Australia
Australia: Current account balance (credit less debit), Net (credits less) was -34.76 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Australia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Australia stood at -34.76 billion.
The figure is down 756.1% on the previous year and up 23.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Australia peaked at 40.97 billion in 2021 and was at its lowest, -68.77 billion, in 2012.
That places Australia 195th out of 198 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -43.34 billion | — |
| 2006 | -46.29 billion | +6.8% |
| 2007 | -64.68 billion | +39.7% |
| 2008 | -51.56 billion | -20.3% |
| 2009 | -48.59 billion | -5.8% |
| 2010 | -46.01 billion | -5.3% |
| 2011 | -45.65 billion | -0.8% |
| 2012 | -68.77 billion | +50.7% |
| 2013 | -51.38 billion | -25.3% |
| 2014 | -45.41 billion | -11.6% |
| 2015 | -58.28 billion | +28.3% |
| 2016 | -43.64 billion | -25.1% |
| 2017 | -39.79 billion | -8.8% |
| 2018 | -36.57 billion | -8.1% |
| 2019 | -288.44 million | -99.2% |
| 2020 | 24.90 billion | -8732.3% |
| 2021 | 40.97 billion | +64.6% |
| 2022 | 6.35 billion | -84.5% |
| 2023 | -4.06 billion | -163.9% |
| 2024 | -34.76 billion | +756.1% |
Australia compared with similar countries
- Australia's -34.76 billion is below the median for high income countries, which is 547.38 million. (72 countries reporting)
- Australia's -34.76 billion is below the median for East Asia & Pacific, which is 65.63 million. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +8732.3% | -288.44 million | 24.90 billion |
| 2024 | -756.1% | -4.06 billion | -34.76 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -50.89 billion | -64.68 billion | -43.34 billion | 5 |
| 2010s | -43.58 billion | -68.77 billion | -288.44 million | 10 |
| 2020s | 6.68 billion | -34.76 billion | 40.97 billion | 5 |
Countries ranked near Australia
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Australia?
- Current account balance (credit less debit), net (credits less debits) in Australia was -34.76 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Australia?
- The highest recorded value was 40.97 billion in 2021.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Australia?
- The lowest recorded value was -68.77 billion in 2012.
- How does Australia rank for current account balance (credit less debit), net (credits less debits)?
- Australia ranks 195th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Australia?
- Over the last ten years it is up 23.5%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.