Current Account Balance: Australia
Australia's current account balance is currently -1.7 % of GDP as of 2026. # Australia Current Account Balance Australia's current account balance stands at -1.
Current (2026)
-1.7 % of GDP
+5.6% y/y
Peak (2021)
2.4 % of GDP
Low (2007)
-6.7 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Australia
1980 — 2026
Current Account Balance — Australia
Analysis# Australia Current Account Balance
Australia's current account balance stands at -1.7% of GDP in 2026, reflecting a modest deficit after a period of stronger performance. The nation reached an all-time peak of 2.4% in 2021, driven by elevated commodity prices and export demand. The all-time low of -6.7% occurred in 2007 during the pre-financial crisis period. Since 1980, Australia's current account has improved by 29.2 percentage points overall, though the recent trajectory suggests renewed pressure on the external position.
The 2020-2021 period marked a significant turning point, when Australia briefly achieved surplus conditions before deteriorating sharply in 2024 to -1.9%. This reversal reflects weaker commodity prices and stronger import demand. The outlook through 2026 suggests stabilization rather than improvement, with the deficit narrowing only marginally from -1.9% to -1.7%. Structural factors, including Australia's reliance on commodity exports and capital inflows, will likely keep the current account in modest deficit territory.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -2 % of GDP | +0.00% |
| 2029 | -2 % of GDP | -5.26% |
| 2028 | -1.9 % of GDP | +0.00% |
| 2027 | -1.9 % of GDP | -11.76% |
| 2026 | -1.7 % of GDP | +5.56% |
| 2025 | -1.8 % of GDP | +5.26% |
| 2024 | -1.9 % of GDP | -850.00% |
| 2023 | -0.2 % of GDP | -150.00% |
| 2022 | 0.4 % of GDP | -83.33% |
| 2021 | 2.4 % of GDP | +41.18% |
| 2020 | 1.7 % of GDP | — |
| 2019 | 0 % of GDP | +100.00% |
| 2018 | -2.6 % of GDP | +7.14% |
| 2017 | -2.8 % of GDP | +20.00% |
| 2016 | -3.5 % of GDP | +25.53% |
| 2015 | -4.7 % of GDP | -51.61% |
| 2014 | -3.1 % of GDP | +8.82% |
| 2013 | -3.4 % of GDP | +22.73% |
| 2012 | -4.4 % of GDP | -46.67% |
| 2011 | -3 % of GDP | +18.92% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -3.7 % of GDP | +17.78% |
| 2009 | -4.5 % of GDP | +8.16% |
| 2008 | -4.9 % of GDP | +26.87% |
| 2007 | -6.7 % of GDP | -13.56% |
| 2006 | -5.9 % of GDP | +1.67% |
| 2005 | -6 % of GDP | +4.76% |
| 2004 | -6.3 % of GDP | -18.87% |
| 2003 | -5.3 % of GDP | -39.47% |
| 2002 | -3.8 % of GDP | -72.73% |
| 2001 | -2.2 % of GDP | +45.00% |
| 2000 | -4 % of GDP | +27.27% |
| 1999 | -5.5 % of GDP | -12.24% |
| 1998 | -4.9 % of GDP | -68.97% |
| 1997 | -2.9 % of GDP | +17.14% |
| 1996 | -3.5 % of GDP | +30.00% |
| 1995 | -5 % of GDP | -11.11% |
| 1994 | -4.5 % of GDP | -50.00% |
| 1993 | -3 % of GDP | +9.09% |
| 1992 | -3.3 % of GDP | +0.00% |
| 1991 | -3.3 % of GDP | +32.65% |
| 1990 | -4.9 % of GDP | +18.33% |
| 1989 | -6 % of GDP | -57.89% |
| 1988 | -3.8 % of GDP | -11.76% |
| 1987 | -3.4 % of GDP | +32.00% |
| 1986 | -5 % of GDP | -2.04% |
| 1985 | -4.9 % of GDP | -19.51% |
| 1984 | -4.1 % of GDP | -32.26% |
| 1983 | -3.1 % of GDP | +24.39% |
| 1982 | -4.1 % of GDP | +0.00% |
| 1981 | -4.1 % of GDP | -70.83% |
| 1980 | -2.4 % of GDP | — |
Related Data
Other Metrics
For Australia
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