Australia recorded a $27.1 billion current account deficit for the March 2026 quarter, up $4.1 billion from the revised $23.0 billion deficit in December 2025. The widening deficit was led by a drop in the balance of goods and services, which turned into a deficit for the first time since December 2017, and a slight increase in the net primary income deficit. The capital and financial account posted a surplus of $18.6 billion, driven mainly by a $7.7 billion net inflow of equity and a $11.2 billion net inflow of debt. At 31 March 2026 Australia’s net international investment liability stood at $707.6 billion, up from $645.3 billion at the end of 2025. The terms of trade rose to 96.4, up 1.1 percent from December 2025.
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