FX.co ★ Australia Current Account Deficit Larger than Expected

Australia witnessed a reduction in its current account deficit, which stood at AUD 14.7 billion for the first quarter of 2025, down from a revised AUD 16.3 billion in the last quarter of 2024. However, this figure exceeded market predictions, which anticipated a shortfall of AUD 12 billion. This quarter represents the eighth consecutive period of deficit. The surplus from goods and services saw a slight dip, recording AUD 5.2 billion in Q1 2025 compared to AUD 5.4 billion in the preceding quarter. Furthermore, the net secondary income deficit rose to AUD 0.5 billion from AUD 0.1 billion. On a positive note, the net primary income deficit decreased to AUD 19.4 billion from the previous AUD 21.6 billion in Q4 2024.