Goods balance (credit less debit), Net (credits less debits) (US) in Australia
Australia: Goods balance (credit less debit), Net (credits less debits) (US) was 44.25 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Australia, 2005–2024
Source: International Monetary Fund.
Analysis
Australia recorded 44.25 billion for goods balance (credit less debit), net (credits less debits) in 2024.
That represents a change of down 47.3% on the previous year and up 2,157.1% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Australia peaked at 112.43 billion in 2022 and was at its lowest, -21.09 billion, in 2007.
That places Australia 15th out of 198 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) (US) in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -14.27 billion | — |
| 2006 | -12.07 billion | -15.4% |
| 2007 | -21.09 billion | +74.7% |
| 2008 | -7.78 billion | -63.1% |
| 2009 | -7.44 billion | -4.4% |
| 2010 | 11.43 billion | -253.6% |
| 2011 | 23.01 billion | +101.4% |
| 2012 | -8.26 billion | -135.9% |
| 2013 | 7.28 billion | -188.2% |
| 2014 | 1.96 billion | -73.1% |
| 2015 | -19.01 billion | -1069.9% |
| 2016 | -5.83 billion | -69.4% |
| 2017 | 10.47 billion | -279.8% |
| 2018 | 20.84 billion | +98.9% |
| 2019 | 47.65 billion | +128.7% |
| 2020 | 39.31 billion | -17.5% |
| 2021 | 86.04 billion | +118.9% |
| 2022 | 112.43 billion | +30.7% |
| 2023 | 84.02 billion | -25.3% |
| 2024 | 44.25 billion | -47.3% |
Australia compared with similar countries
- Australia's 44.25 billion is above the median for high income countries, which is -810.36 million. (72 countries reporting)
- Australia's 44.25 billion is above the median for East Asia & Pacific, which is -98.47 million. (33 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2015 | -1069.9% | 1.96 billion | -19.01 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -12.53 billion | -21.09 billion | -7.44 billion | 5 |
| 2010s | 8.95 billion | -19.01 billion | 47.65 billion | 10 |
| 2020s | 73.21 billion | 39.31 billion | 112.43 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 goods balance (credit less debit), net (credits less debits) in Australia?
- Goods balance (credit less debit), net (credits less debits) in Australia was 44.25 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Australia?
- The highest recorded value was 112.43 billion in 2022.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Australia?
- The lowest recorded value was -21.09 billion in 2007.
- How does Australia rank for goods balance (credit less debit), net (credits less debits)?
- Australia ranks 15th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Australia?
- Over the last ten years it is up 2,157.1%. 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 Goods 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.