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In 2018, current account balance for Australia was -30.4 billion US dollars. Before current account balance of Australia started to increase to reach a level of -30.4 billion US dollars in 2018, it went through a trough reaching a low of -67.4 billion US dollars in 2012.The description is composed by our digital data assistant.
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.