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Australia Current Account to GDP Ratio

Australia's current account to GDP held steady at -2% for both Q1 and Q2 2025. The primary income deficit narrowed to $16.8 billion in Q2 2025, its lowest since September 2021, due to higher profits on Australian overseas investments. This improvement was tempered by a reduced goods and services surplus, caused by lower iron ore and coal prices amid weak global demand. The terms of trade decreased by 1.1% in Q2 2025, reflecting these commodity price declines. Australia's record low current account to GDP was -7.3% in 2007-12-31 and record high was 3.5% in 2021-09-30.

Quarterly Historical Data (1959-2025)

(in %)
Quarter Current Account to GDP Ratio
Q2 2025 -2%
Q1 2025 -2%
Q4 2024 -2.4%
Q3 2024 -2%
Q2 2024 -2.3%
Q1 2024 -1.4%
Q4 2023 -0.3%
Q3 2023 -1.1%
Q2 2023 -0.2%
Q1 2023 0.5%
Q4 2022 0.4%
Q3 2022 -0.6%
Q2 2022 1.5%
Q1 2022 0.1%
Q4 2021 0%
Q3 2021 3.5%
Q2 2021 3%
Q1 2021 3%
Q4 2020 2.1%
Q3 2020 1.5%
Q2 2020 2.7%
Q1 2020 0.7%
Q4 2019 -0.1%
Q3 2019 1%
Q2 2019 0.3%
Q1 2019 -1.3%
Q4 2018 -1.8%
Q3 2018 -2.4%
Q2 2018 -3.1%
Q1 2018 -3%
Q4 2017 -3.5%
Q3 2017 -2.8%
Q2 2017 -2.7%
Q1 2017 -2.3%
Q4 2016 -1.5%
Q3 2016 -3.6%
Q2 2016 -4.4%
Q1 2016 -4.4%
Q4 2015 -5.4%
Q3 2015 -5%
Q2 2015 -5.2%
Q1 2015 -3.3%
Q4 2014 -3.1%
Q3 2014 -3.3%
Q2 2014 -3.1%
Q1 2014 -2.6%
Q4 2013 -2.7%
Q3 2013 -3.7%
Q2 2013 -3.6%
Q1 2013 -3.5%
Q4 2012 -4.7%
Q3 2012 -4.3%
Q2 2012 -3.7%
Q1 2012 -4.6%
Q4 2011 -3%
Q3 2011 -2.6%
Q2 2011 -3%
Q1 2011 -3.4%
Q4 2010 -3.4%
Q3 2010 -3%
Q2 2010 -2.9%
Q1 2010 -5.4%
Q4 2009 -6.5%
Q3 2009 -5.2%
Q2 2009 -5%
Q1 2009 -1.4%
Q4 2008 -2.9%
Q3 2008 -4%
Q2 2008 -5.8%
Q1 2008 -6.8%
Q4 2007 -7.3%
Q3 2007 -6.9%
Q2 2007 -6.6%
Q1 2007 -6.1%
Q4 2006 -6.1%
Q3 2006 -5.8%
Q2 2006 -6.2%
Q1 2006 -5.4%
Q4 2005 -5.7%
Q3 2005 -5.9%
Q2 2005 -5.7%
Q1 2005 -6.6%
Q4 2004 -7.2%
Q3 2004 -6.6%
Q2 2004 -5.5%
Q1 2004 -5.7%
Q4 2003 -5.4%
Q3 2003 -5.3%
Q2 2003 -5.6%
Q1 2003 -5%
Q4 2002 -5%
Q3 2002 -3.9%
Q2 2002 -3.6%
Q1 2002 -2.7%
Q4 2001 -2.8%
Q3 2001 -1.7%
Q2 2001 -2.1%
Q1 2001 -2.4%
Q4 2000 -3.4%
Q3 2000 -3.3%
Q2 2000 -4.9%
Q1 2000 -4.8%
Q4 1999 -4.7%
Q3 1999 -5.7%
Q2 1999 -5.9%
Q1 1999 -5.6%
Q4 1998 -4.9%
Q3 1998 -5.5%
Q2 1998 -4.2%
Q1 1998 -5%
Q4 1997 -3.6%
Q3 1997 -3.1%
Q2 1997 -1.9%
Q1 1997 -3%
Q4 1996 -3.4%
Q3 1996 -3.8%
Q2 1996 -2.7%
Q1 1996 -4%
Q4 1995 -4.8%
Q3 1995 -4.4%
Q2 1995 -5%
Q1 1995 -5.7%
Q4 1994 -5.4%
Q3 1994 -5.5%
Q2 1994 -4.4%
Q1 1994 -2.8%
Q4 1993 -2.9%
Q3 1993 -3.2%
Q2 1993 -3.1%
Q1 1993 -2.9%
Q4 1992 -3.2%
Q3 1992 -3.7%
Q2 1992 -3.2%
Q1 1992 -2.9%
Q4 1991 -2.9%
Q3 1991 -3.1%
Q2 1991 -3.3%
Q1 1991 -3.9%
Q4 1990 -4.8%
Q3 1990 -4.1%
Q2 1990 -4.4%
Q1 1990 -6.1%
Q4 1989 -6.2%
Q3 1989 -6.4%
Q2 1989 -5.9%
Q1 1989 -5.5%
Q4 1988 -4.8%
Q3 1988 -3.9%
Q2 1988 -3.6%
Q1 1988 -2.9%
Q4 1987 -3.2%
Q3 1987 -3.2%
Q2 1987 -3.2%
Q1 1987 -4%
Q4 1986 -4.3%
Q3 1986 -4.7%
Q2 1986 -5.5%
Q1 1986 -5.9%
Q4 1985 -5.6%
Q3 1985 -5.5%
Q2 1985 -4.4%
Q1 1985 -4%
Q4 1984 -5.1%
Q3 1984 -4.4%
Q2 1984 -3.4%
Q1 1984 -3.9%
Q4 1983 -2.8%
Q3 1983 -3.6%
Q2 1983 -2.9%
Q1 1983 -3.5%
Q4 1982 -3.3%
Q3 1982 -3.4%
Q2 1982 -4.7%
Q1 1982 -5.4%
Q4 1981 -5.3%
Q3 1981 -4%
Q2 1981 -4.2%
Q1 1981 -2.8%
Q4 1980 -3.2%
Q3 1980 -3.8%
Q2 1980 -1.7%
Q1 1980 -1%
Q4 1979 -0.6%
Q3 1979 -1.7%
Q2 1979 -1.9%
Q1 1979 -2%
Q4 1978 -3.5%
Q3 1978 -3.6%
Q2 1978 -3%
Q1 1978 -2.9%
Q4 1977 -1.1%
Q3 1977 -3%
Q2 1977 -2.8%
Q1 1977 -3%
Q4 1976 -1.7%
Q3 1976 -1.1%
Q2 1976 -1%
Q1 1976 -1.8%
Q4 1975 -1.8%
Q3 1975 -1%
Q2 1975 0.2%
Q1 1975 -0.3%
Q4 1974 -2.4%
Q3 1974 -3%
Q2 1974 -3.4%
Q1 1974 -1.8%
Q4 1973 0.5%
Q3 1973 0.5%
Q2 1973 1.7%
Q1 1973 2%
Q4 1972 2.3%
Q3 1972 1.7%
Q2 1972 1.2%
Q1 1972 -0.2%
Q4 1971 -1.3%
Q3 1971 -0.8%
Q2 1971 -1.1%
Q1 1971 -2%
Q4 1970 -1.6%
Q3 1970 -1.4%
Q2 1970 -1.8%
Q1 1970 -1.3%
Q4 1969 -1.7%
Q3 1969 -1.4%
Q2 1969 -2.3%
Q1 1969 -2.3%
Q4 1968 -2.3%
Q3 1968 -3.6%
Q2 1968 -3.2%
Q1 1968 -5.1%
Q4 1967 -2.8%
Q3 1967 -2.9%
Q2 1967 -1.9%
Q1 1967 -2.5%
Q4 1966 -1.8%
Q3 1966 -1.9%
Q2 1966 -1.6%
Q1 1966 -2.7%
Q4 1965 -3.6%
Q3 1965 -4.4%
Q2 1965 -3.2%
Q1 1965 -3.2%
Q4 1964 -2.2%
Q3 1964 -2.5%
Q2 1964 -0.8%
Q1 1964 0.8%
Q4 1963 2%
Q3 1963 -0.4%
Q2 1963 -1.1%
Q1 1963 -1.1%
Q4 1962 -1.2%
Q3 1962 -2.8%
Q2 1962 0%
Q1 1962 0.6%
Q4 1961 2.3%
Q3 1961 0.6%
Q2 1961 0.1%
Q1 1961 -3.5%
Q4 1960 -4.3%
Q3 1960 -5.5%
Q2 1960 -3.4%
Q1 1960 -1.6%
Q4 1959 0.1%
Q3 1959 -2.6%
Australia Current Account to GDP Ratio : Definition
The current account to GDP ratio shows Australia's net trade, income and transfers as a percentage of its total economic output. It's calculated by dividing the current account balance by the GDP. A negative value indicates a current account deficit while a positive value indicates a surplus. Trade balance, primary income and secondary income all contribute.
Indicator Last Value Prior Value Period
Government Net Debt to GDP 43.8% 42.8% Dec'24
Interest Rate 3.6% 3.6% Sep'25
Private Credit (% GDP) 129.67% 127.43% 2024