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02.09.202501:41:02UTC+00Australia Q2 Current Account Gap Below Forecasts

In the second quarter of 2025, Australia's current account deficit reduced to AUD 13.7 billion, an improvement from the revised AUD 14.1 billion deficit recorded in the first quarter and better than the anticipated AUD 15.1 billion gap. This represents the smallest current account deficit since Q3 2024. The goods and services surplus decreased to AUD 3.1 billion in Q2 2025 from AUD 4.3 billion in the previous quarter, and the net primary income deficit shrank to AUD 16.8 billion from AUD 18.0 billion. According to Jonathon Khoo, head of international statistics at the Australian Bureau of Statistics, "The dip in the goods and services surplus was primarily due to robust imports of non-monetary gold and travel services." Moreover, net secondary income saw a positive swing, posting a surplus of AUD 0.04 billion, compared to a deficit of AUD 0.4 billion in Q1.

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