Does Australia have a current account deficit?
May 1, 2008 – 6:29 am
Introduction The balance of payments current account is one of popular indicators of a country’s economic health. “Current account deficit means an excess of imports over exports of goods, services, investment income, and unilateral transfer (Carbaugh, 2002, p.350).”Although Australia’s current account deficit has exceeded about 3 percent of GDP for about 20 consecutive years (Sighvatsson, [...]