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Balance of payments of Australia

Index Balance of payments of Australia

In trade terms, the Australian economy has had persistently large current account deficits for more than 50 years. [1]

9 relations: Ausbuy, Australian Bureau of Statistics, Balance of payments, Currency crisis, Current account, Economy of Australia, Fractional-reserve banking, Manufacturing in Australia, The Economist.

Ausbuy

The Australian Companies Institute (Ausbuy) was, until 2016, a non-profit, non-political organisation that encouraged Australians to support Australian-owned and Australian-made products and services.

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Australian Bureau of Statistics

The Australian Bureau of Statistics (ABS) is the independent statistical agency of the Government of Australia.

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Balance of payments

The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and of the world in a particular period (over a quarter of a year or more commonly over a year).

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Currency crisis

A currency crisis is a situation in which serious doubt exists as to whether a country's central bank has sufficient foreign exchange reserves to maintain the country's fixed exchange rate.

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Current account

In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account (also known as the financial account).

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Economy of Australia

The economy of Australia is one of the largest mixed-market economies in the world, with a GDP of A$1.69 trillion as of 2017.

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Fractional-reserve banking

Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.

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Manufacturing in Australia

Manufacturing in Australia peaked in the 1960s at 25% of the country's gross domestic product, and has since dropped below 10%.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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Redirects here:

Australia's balance of payments.

References

[1] https://en.wikipedia.org/wiki/Balance_of_payments_of_Australia

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