Services balance (credit less debit), Net (credits less debits) (US) in Australia
Australia: Services balance (credit less debit), Net (credits less debits) (US) was -25.11 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Australia, 2005–2024
Source: International Monetary Fund.
Analysis
Australia recorded -25.11 billion for services balance (credit less debit), net (credits less debits) in 2024.
That represents a change of down 1.6% on the previous year and down 130.0% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Australia peaked at 3.73 billion in 2020 and was at its lowest, -26.42 billion, in 2022.
That places Australia 192nd out of 197 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.
Services balance (credit less debit), Net (credits less debits) (US) in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -547.63 million | — |
| 2006 | -668.83 million | +22.1% |
| 2007 | -1.79 billion | +167.4% |
| 2008 | -4.63 billion | +158.9% |
| 2009 | -1.31 billion | -71.8% |
| 2010 | -5.39 billion | +312.6% |
| 2011 | -9.88 billion | +83.5% |
| 2012 | -15.76 billion | +59.5% |
| 2013 | -16.80 billion | +6.6% |
| 2014 | -10.92 billion | -35.0% |
| 2015 | -9.76 billion | -10.6% |
| 2016 | -7.09 billion | -27.4% |
| 2017 | -7.35 billion | +3.7% |
| 2018 | -9.83 billion | +33.8% |
| 2019 | -6.34 billion | -35.5% |
| 2020 | 3.73 billion | -158.7% |
| 2021 | -4.11 billion | -210.4% |
| 2022 | -26.42 billion | +542.3% |
| 2023 | -24.72 billion | -6.4% |
| 2024 | -25.11 billion | +1.6% |
Australia compared with similar countries
- Australia's -25.11 billion is below the median for high income countries, which is 910.63 million. (72 countries reporting)
- Australia's -25.11 billion is below the median for East Asia & Pacific, which is -101.20 million, 248.2× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Services 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 |
|---|---|---|---|
| 2022 | -542.3% | -4.11 billion | -26.42 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.79 billion | -4.63 billion | -547.63 million | 5 |
| 2010s | -9.91 billion | -16.80 billion | -5.39 billion | 10 |
| 2020s | -15.33 billion | -26.42 billion | 3.73 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 services balance (credit less debit), net (credits less debits) in Australia?
- Services balance (credit less debit), net (credits less debits) in Australia was -25.11 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Australia?
- The highest recorded value was 3.73 billion in 2020.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Australia?
- The lowest recorded value was -26.42 billion in 2022.
- How does Australia rank for services balance (credit less debit), net (credits less debits)?
- Australia ranks 192nd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Australia?
- Over the last ten years it is down 130.0%. 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 Services 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.