Australia - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Australia was $52,159,810,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $52,159,810,000 in 2020 and ($27,488,720,000) in 2016.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 ($198,230,500)
1961 ($515,175,300)
1962 $260,947,500
1963 ($178,071,500)
1964 $278,866,600
1965 ($530,854,500)
1966 ($599,171,300)
1967 ($306,865,300)
1968 ($714,525,700)
1969 ($505,095,700)
1970 ($100,795,200)
1971 ($124,314,000)
1972 $442,757,000
1973 $1,997,438,000
1974 ($57,479,740)
1975 ($441,076,100)
1976 $146,224,600
1977 ($695,113,500)
1978 ($1,142,567,000)
1979 ($1,412,019,000)
1980 $788,857,900
1981 ($3,235,806,000)
1982 ($6,378,682,000)
1983 ($3,597,567,000)
1984 ($2,760,369,000)
1985 ($3,693,334,000)
1986 ($5,591,074,000)
1987 ($3,024,087,000)
1988 ($1,557,043,000)
1989 ($5,487,338,000)
1990 ($5,989,226,000)
1991 ($431,677,200)
1992 $885,180,400
1993 ($999,859,500)
1994 ($1,661,017,000)
1995 ($7,226,017,000)
1996 ($1,817,147,000)
1997 $1,194,240,000
1998 ($3,507,427,000)
1999 ($9,508,710,000)
2000 ($8,967,532,000)
2001 $326,285,300
2002 $16,743,410
2003 ($9,762,377,000)
2004 ($16,501,640,000)
2005 ($18,867,840,000)
2006 ($13,863,430,000)
2007 ($14,030,780,000)
2008 ($26,919,430,000)
2009 $2,604,918,000
2010 ($10,587,510,000)
2011 $14,435,570,000
2012 ($2,599,505,000)
2013 ($20,547,860,000)
2014 ($4,094,373,000)
2015 ($20,083,200,000)
2016 ($27,488,720,000)
2017 $6,778,792,000
2018 $5,102,705,000
2019 $34,721,070,000
2020 $52,159,810,000

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Australia was 77,812,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 77,812,000,000 in 2020 and a minimum value of -37,764,000,000 in 2016.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 -177,000,000
1961 -460,000,000
1962 233,000,000
1963 -159,000,000
1964 249,000,000
1965 -474,000,000
1966 -535,000,000
1967 -274,000,000
1968 -638,000,000
1969 -451,000,000
1970 -90,000,000
1971 -111,000,000
1972 379,000,000
1973 1,559,000,000
1974 -39,000,000
1975 -323,000,000
1976 116,000,000
1977 -606,000,000
1978 -1,013,000,000
1979 -1,243,000,000
1980 708,000,000
1981 -2,787,000,000
1982 -5,781,000,000
1983 -3,844,000,000
1984 -3,048,000,000
1985 -4,815,000,000
1986 -7,993,000,000
1987 -4,570,000,000
1988 -2,140,000,000
1989 -6,739,000,000
1990 -7,783,000,000
1991 -550,000,000
1992 1,151,000,000
1993 -1,423,000,000
1994 -2,401,000,000
1995 -9,732,000,000
1996 -2,395,000,000
1997 1,526,000,000
1998 -5,171,000,000
1999 -15,174,000,000
2000 -14,279,000,000
2001 608,000,000
2002 32,000,000
2003 -16,762,000,000
2004 -23,198,000,000
2005 -25,098,000,000
2006 -18,516,000,000
2007 -17,871,000,000
2008 -30,069,000,000
2009 3,538,000,000
2010 -12,020,000,000
2011 14,642,000,000
2012 -2,521,000,000
2013 -20,028,000,000
2014 -4,460,000,000
2015 -24,138,000,000
2016 -37,764,000,000
2017 8,988,000,000
2018 6,583,000,000
2019 48,547,000,000
2020 77,812,000,000

External balance on goods and services (constant LCU)

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2019 53,243,000,000
2020 77,812,000,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Australia was 3.93 as of 2020. Its highest value over the past 60 years was 3.93 in 2020, while its lowest value was -3.29 in 1982.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 -1.07
1961 -2.62
1962 1.31
1963 -0.83
1964 1.17
1965 -2.04
1966 -2.19
1967 -1.01
1968 -2.18
1969 -1.38
1970 -0.24
1971 -0.27
1972 0.85
1973 3.13
1974 -0.06
1975 -0.45
1976 0.14
1977 -0.63
1978 -0.96
1979 -1.05
1980 0.53
1981 -1.83
1982 -3.29
1983 -2.03
1984 -1.43
1985 -2.05
1986 -3.07
1987 -1.60
1988 -0.66
1989 -1.83
1990 -1.92
1991 -0.13
1992 0.27
1993 -0.32
1994 -0.51
1995 -1.96
1996 -0.45
1997 0.27
1998 -0.88
1999 -2.44
2000 -2.16
2001 0.09
2002 0.00
2003 -2.09
2004 -2.69
2005 -2.71
2006 -1.85
2007 -1.64
2008 -2.55
2009 0.28
2010 -0.92
2011 1.03
2012 -0.17
2013 -1.30
2014 -0.28
2015 -1.49
2016 -2.28
2017 0.51
2018 0.36
2019 2.49
2020 3.93

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts