Is Australia's Current Account in surplus currently? (1 Viewer)

[sarkar_as]

I've read it in the news recently but everyone my textbook keeps referring to it as the CAD (which i presume stands for current account deficit).

 

[GeorgeYLin]

Australia has had a CAD for the last 2 decades and it's currently -4.6% of GDP.

Edit: yes CAD stands for Current Account deficit.

 

[Mathew587]

GeorgeYLin are you even human mate :0
"James Ruse Class of 2016 | 99.85 ATAR | Economics (98) 2nd in NSW | Biology (97) 8th in NSW | Mathematics (97) | Physics (95) | English Adv (94) |"
sooo gooood....

 

[seremify007]

GeorgeYLin are you even human mate :0
"James Ruse Class of 2016 | 99.85 ATAR | Economics (98) 2nd in NSW | Biology (97) 8th in NSW | Mathematics (97) | Physics (95) | English Adv (94) |"
sooo gooood....

I love how George just uses his real name as his username since state rankings and year kindof give away his identity anyway!