Current account balance (credit less debit), Net (credits less debits) in Australia
Australia: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- Net domestic credit (current LCU), per capita 215,929 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 3.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.66 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 84.28 million SDR (2025)
- Gold reserves at market value 7.68 billion SDR (2025)
- Reserves excluding gold, foreign exchange 32.83 billion SDR (2025)
- Reserves excluding gold 45.36 billion SDR (2025)
- Total reserves (gold at market value) 53.04 billion SDR (2025)
- Total reserves (gold at national valuation) 53.03 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,921 SDR per person (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.