Current account balance (credit less debit), Percent of GDP in Australia
Australia: Current account balance (credit less debit), Percent of GDP was -2.41 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp in Australia is -2.41, measured in 2031.
That represents a change of down 1.8% on the previous year and down 205.8% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Australia peaked at 2.28 in 2021 and was at its lowest, -6.75, in 2007.
Australia ranks 20th of 26 countries on this measure, 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), Percent of GDP in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -2.36 | — |
| 1981 | -4.05 | +71.4% |
| 1982 | -4.1 | +1.2% |
| 1983 | -3.14 | -23.4% |
| 1984 | -4.14 | +31.8% |
| 1985 | -4.86 | +17.2% |
| 1986 | -5.04 | +3.8% |
| 1987 | -3.39 | -32.9% |
| 1988 | -3.83 | +13.1% |
| 1989 | -5.98 | +56.2% |
| 1990 | -4.86 | -18.7% |
| 1991 | -3.29 | -32.3% |
| 1992 | -3.29 | -0.1% |
| 1993 | -3.04 | -7.5% |
| 1994 | -4.49 | +47.8% |
| 1995 | -4.96 | +10.4% |
| 1996 | -3.5 | -29.4% |
| 1997 | -2.92 | -16.5% |
| 1998 | -4.9 | +67.6% |
| 1999 | -5.47 | +11.7% |
| 2000 | -4.04 | -26.1% |
| 2001 | -2.25 | -44.3% |
| 2002 | -3.8 | +68.9% |
| 2003 | -5.32 | +40.1% |
| 2004 | -6.31 | +18.5% |
| 2005 | -5.95 | -5.6% |
| 2006 | -5.88 | -1.3% |
| 2007 | -6.75 | +14.8% |
| 2008 | -4.85 | -28.1% |
| 2009 | -4.51 | -7.0% |
| 2010 | -3.69 | -18.1% |
| 2011 | -2.98 | -19.3% |
| 2012 | -4.35 | +46.0% |
| 2013 | -3.39 | -22.2% |
| 2014 | -3.09 | -8.9% |
| 2015 | -4.71 | +52.6% |
| 2016 | -3.45 | -26.6% |
| 2017 | -2.86 | -17.3% |
| 2018 | -2.63 | -8.1% |
| 2019 | -0.1298 | -95.1% |
| 2020 | 1.56 | -1302.7% |
| 2021 | 2.28 | +46.1% |
| 2022 | 0.3005 | -86.8% |
| 2023 | -0.4165 | -238.6% |
| 2024 | -2.24 | +438.9% |
| 2025 | -2.63 | +17.2% |
| 2026 | -2.31 | -12.1% |
| 2027 | -2.24 | -3.0% |
| 2028 | -2.32 | +3.2% |
| 2029 | -2.32 | +0.2% |
| 2030 | -2.37 | +2.2% |
| 2031 | -2.41 | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -4.09 | -5.98 | -2.36 | 10 |
| 1990s | -4.07 | -5.47 | -2.92 | 10 |
| 2000s | -4.97 | -6.75 | -2.25 | 10 |
| 2010s | -3.13 | -4.71 | -0.1298 | 10 |
| 2020s | -1.03 | -2.63 | 2.28 | 10 |
| 2030s | -2.39 | -2.41 | -2.37 | 2 |
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), percent of gdp in Australia?
- Current account balance (credit less debit), percent of gdp in Australia was -2.41 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Australia?
- The highest recorded value was 2.28 in 2021.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Australia?
- The lowest recorded value was -6.75 in 2007.
- How does Australia rank for current account balance (credit less debit), percent of gdp?
- Australia ranks 20th out of 26 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Australia?
- Over the last ten years it is down 205.8%. 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), Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.