Use the following balance of payments data for Australia from the IMF:
What is Australia's current account balance for years 2007, 2009, and 2015?
Australia's Current Account |
||||||||||||
Assumptions (million US$) |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
|
Goods, credit (exports) |
107,011 |
124,913 |
142,421 |
189,057 |
154,777 |
213,782 |
271,719 |
257,950 |
254,180 |
240,704 |
188,345 |
|
Goods, debit (imports) |
−120,383 |
−34,509 |
−160,205 |
−193,972 |
−159,216 |
−196,303 |
−249,238 |
−270,136 |
−249,700 |
−240,252 |
−207,658 |
|
Services, credit (exports) |
31,047 |
33,088 |
40,496 |
45,240 |
40,814 |
46,968 |
51,653 |
53,034 |
53,550 |
54,240 |
49,716 |
|
Services, debit (imports) |
-30,505 |
-32,219 |
-39,908 |
-48,338 |
-42,165 |
-51,313 |
-61,897 |
-65,405 |
-67,977 |
-63,549 |
-57,269 |
|
Primary income: credit |
16,445 |
21,748 |
32,655 |
37,320 |
27,402 |
35,711 |
47,852 |
47,168 |
46,316 |
46,637 |
38,105 |
|
Primary income: debit |
-44,166 |
-54,131 |
-73,202 |
-76,719 |
-65,809 |
-84,646 |
-102,400 |
-88,255 |
-85,289 |
-79,805 |
-67,842 |
|
Secondary income: credit |
3,333 |
3,698 |
4,402 |
4,431 |
4,997 |
5,813 |
7,510 |
7,271 |
7,109 |
6,962 |
5,853 |
|
Secondary income: debit |
-3,813 |
-4,092 |
-4,690 |
-4,805 |
-5,799 |
-7,189 |
-9,723 |
-9,635 |
-9,346 |
-8,996 |
-7,685 |
Note: Data of 2015 is not shown in your whether by mistake or any technical difficulty..u can see the pattern for solving the question as in year 2007 and 2009..if you even then require the answer then mention the data of 2015 in comments..
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