Australia

AustraliaCurrent account

AU desk: Australia first; New Zealand, United States, United Kingdom, euro area, Korea and Taiwan alongside.

-2.68%

−0.37 pp

As of 2025 | % of GDP

Latest
-2.68% 2025
Previous year
-2.31% 2024
Min
-7.55% 2007
Max
2.45% 2021
YearValue
2025-2.68%
2024-2.31%
2023-0.43%
20220.25%
20212.45%
20201.64%
2019-0.08%
2018-2.59%
2017-3.01%
2016-3.60%
2015-4.30%
2014-3.08%
2013-3.24%
2012-4.43%
2011-3.25%
2010-3.99%
2009-5.21%
2008-4.87%
2007-7.55%
2006-6.17%
2005-6.22%
2004-6.71%
2003-6.26%
2002-4.04%
#CountryCurrent accountChangeYear
9Singapore16.71%−0.49 pp202532Korea, Rep.6.57%+1.24 pp202540Japan4.86%+0.24 pp2025
49China3.77%+1.30 pp2025
110United Kingdom-2.43%+0.53 pp2025115Australia-2.68%−0.37 pp2025129New Zealand-3.62%+1.01 pp2025131United States-3.63%+0.42 pp2025

What the current account is

The current-account balance as a share of GDP (BN.CAB.XOKA.GD.ZS) is exports minus imports of goods and services, plus net primary income and current transfers, divided by GDP. A surplus means the economy is a net lender to the rest of the world. Latest: -2.68% in 2025.

A large surplus or deficit is not automatically good or bad; it depends on saving, investment and the exchange rate. From 1989 to 2025 (37 years): latest -2.68% (2025), previous year -2.31% (2024); low -7.55% (2007), high 2.45% (2021).

Source: World Bank Open Data. Licence: CC BY 4.0 (terms).