Australia's Current Account. Use the following balance of payments data for Australia from the IMF: . What is Australia's balance on services for years 2005, 2010, and 2015? The balance on services for year 2005 is (in millions) (Round to the nearest integer and enter any deficit with a negative sign.)
Australia's Current Account. Use the following balance of payments data for Australia from the IMF: . What is Australia's balance on services for years 2005, 2010, and 2015? The balance on services for year 2005 is (in millions) (Round to the nearest integer and enter any deficit with a negative sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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icon to import the table into a spreadsheet.)
Australia's Current Account
Assumptions (million
US)
Goods, credit (exports)
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
107,011
124,913
142,421
189,057
154,777
213,782 271,719
257,950 254,180
240,704 188,345
- 120,383 - 134,509 - 160,205 - 193,972 - 159,216 - 196,303 - 249,238 - 270,136 - 249,700 - 240,252 - 207,658
Goods, debit (imports)
Services, credit (exports)
Services, debit (imports)
53,550
- 51,313 -61,897 - 65,405 -67,977 - 63,549 -57,269
31,047
33,088
40,496
45,240
40,814
46,968
51,653
53,034
54,240
49,716
- 30,505
- 32,219 - 39,908 - 48,338
- 42,165
Primary income: credit
Primary income: debit
16,445
21,748
32,655
37,320
27,402
35,711
47,852
47,168
46,316
46,637
38,105
- 84,646 - 102,400 - 88,255 - 85,289 - 79,805 - 67,842
7,109
- 9,346
- 44,166 - 54,131
- 73,202
- 76,719
- 65,809
Secondary income: credit
Secondary income: debit
3,333
3,698
4,402
4,431
4,997
5,813
7,510
7,271
6,962
5,853
- 3,813
-4,092
-4,690
- 4,805
- 5,799
-7,189
-9,723
- 9,635
- 8,996
-7,685
Note: The IMF has recently adjusted their line item nomenclature. Exports are all now noted as credits, imports as debits.
Transcribed Image Text:Australia's Current Account. Use the following balance of payments data for Australia from the IMF: E. What is Australia's balance on services for years
2005, 2010, and 2015?
The balance on services for year 2005 is (in millions) s
(Round to the nearest integer and enter any deficit with a negative sign.)
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