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Australia Current Account to GDP

Discussion in 'Market News' started by Sam, Oct 9, 2015.

  1. Sam

    Sam Forum Member

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    Australia recorded a Current Account deficit of 2.80 percent of the country's Gross Domestic Product in 2014. Current Account to GDP in Australia averaged -3.21 percent from 1960 until 2014, reaching an all time high of 1.40 percent in 1972 and a record low of -6.70 percent in 2007. Current Account to GDP in Australia is reported by the Australian Bureau of Statistic. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Australia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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