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Australia's Current Account |
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Assumptions (millions USD) |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
|
|
Goods: exports |
107,011 |
124,913 |
142,421 |
189,057 |
154,777 |
213,782 |
271,719 |
257,950 |
254,180 |
240,704 |
188,345 |
|
|
Goods: imports |
-120,383 |
-134,509 |
-160,205 |
-193,972 |
-159,216 |
-196,303 |
-249,238 |
-270,136 |
-249,700 |
-240,252 |
-207,658 |
|
|
Balance on goods |
-13,372 |
-9,596 |
-17,784 |
-4,915 |
-4,439 |
17,479 |
22,481 |
-12,186 |
4,480 |
453 |
-19,313 |
|
|
Services: credit |
31,047 |
33,088 |
40,496 |
45,240 |
40,814 |
46,968 |
51,653 |
53,034 |
53,550 |
54,240 |
49,716 |
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|
Services: debit |
-30,505 |
-32,219 |
-39,908 |
-48,338 |
-42,165 |
-51,313 |
-61,897 |
-65,405 |
-67,977 |
-63,549 |
-57,269 |
|
|
Balance on services |
542 |
869 |
588 |
-3,098 |
-1,351 |
-4,345 |
-10,244 |
-12,371 |
-14,427 |
-9,309 |
-7,553 |
|
|
Income: credit |
16,445 |
21,748 |
32,655 |
37,320 |
27,402 |
35,711 |
47,852 |
47,168 |
46,316 |
46,637 |
38,105 |
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|
Income: debit |
-44,166 |
-54,131 |
-73,202 |
-76,719 |
-65,809 |
-84,646 |
-102,400 |
-88,255 |
-85,289 |
-79,805 |
-67,842 |
|
|
Balance on income |
-27,722 |
-32,383 |
-40,547 |
-39,399 |
-38,407 |
-48,935 |
-54,548 |
-41,087 |
-38,973 |
-33,168 |
-29,736 |
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|
Current transfers: credit |
3,333 |
3,698 |
4,402 |
4,431 |
4,997 |
5,813 |
7,510 |
7,271 |
7,109 |
6,962 |
5,853 |
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|
Current transfers: debit |
-3,813 |
-4,092 |
-4,690 |
-4,805 |
-5,799 |
-7,189 |
-9,723 |
9,635 |
-9,346 |
-8,996 |
-7,685 |
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Balance on current transfers |
-480 |
-394 |
-288 |
-374 |
-802 |
-1,376 |
-2,213 |
16,906 |
-2,237 |
-2,034 |
-1,832 |
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Australia's Current Account. Use the following balance of payments data for Australia from the IMF:
The balance on services for year 2008 is (in millions) $. ----- (Round to the nearest integer and enter any deficit with a negative sign.)
The balance on services for year 2011 is (in millions) $------(Round to the nearest integer and enter any deficit with a negative sign.)
The balance on services for year 2015 is (in millions) $-----. (Round to the nearest integer and enter any deficit with a negative sign.)
The current account balance for year 2008 is (in millions) $------. (Round to the nearest integer and enter any deficit with a negative sign.)
The current account balance for year 2009 is (in millions) $------. (Round to the nearest integer and enter any deficit with a negative sign.)
The current account balance for year 2014 is (in millions) $-------(Round to the nearest integer and enter any deficit with a negative sign.)
The balance on services for year 2007 is (in millions) $------ (Round to the nearest integer and enter any deficit with a negative sign.)
The balance on services for year 2008 is (in millions) $------ (Round to the nearest integer and enter any deficit with a negative sign.)
The balance on services for year 2011 is (in millions) $---- (Round to the nearest integer and enter any deficit with a negative sign.)
Question summary : Multiple questions on reading the balance of Payments
A1. The balance on services for year 2008 is (in millions) $. -39,399
A2. The balance on services for year 2011 is (in millions) $ -54,548
A3. The balance on services for year 2015 is (in millions) $ -29000 ( Photo not clear in question)
A4. The current account balance for year 2008 is (in millions) $ -4,915
A5. The current account balance for year 2009 is (in millions) $ -4,439
A6. The current account balance for year 2014 is (in millions) $ 453
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