RDP 2007-02: Current Account Deficits: The Australian Debate Appendix B: Data

Current account: 1861–1949 data from Vamplew (1987), Tables ITFC 1–8 and ITFC 84–100; 1950–1959 data from Foster (1996), Table 1.1; and data from 1960 onwards are from ABS Cat No 5302.0.

Capital account: 1861–1900, indirect estimate of long-term capital inflows from Butlin (1962), Table 250; 1901–1949, apparent capital inflows from Vamplew (1987), Tables ITFC 101–106 and ITFC 200–210; 1950–1959 data are from Foster (1996), Table 1.15; and data from 1960 onwards are from ABS Cat No 5302.0.

GDP: 1861–1900 is in market prices from Butlin (1962), Table 1, column 2; from 1900/01 to 1949/50, data are from Vamplew (1987), Table ANA 119–129; for 1950–1959, data are from Foster (1996), Table 5.1a; and for 1960 onwards nominal and real GDP are from ABS Cat No 5206.0.

Net foreign liabilities: ABS Cat No 5302.0.

Saving, investment, terms of trade, consumption, government and investment expenditures: ABS Cat No 5206.0, Tables 2, 9 and 32. A statistical discrepancy, averaging 2.3 per cent and −0.2 per cent of GDP from 1960–1975 and 1976–2006 respectively, reconciles the saving-investment balance to the current account.

Public sector debt: Australian Government debt is from Treasury Budget Paper 1, Table A3; 1960–1982 total general government and public sector debt are from Vamplew (1987), Table GF1–33; and from 1988 onwards they are from Treasury Budget Paper 1, Table A4. Some data were not available for 1983–1987.

Trade-weighted indices (of the exchange rate): RBA Bulletin, Table F.11. CPI data for Australia's trade partners, from Datastream, are used to calculate real TWI.

Population: ABS Cat No 3105.0.

World net cash flow: based on net cash flow (NCF) for Canada, China, France, Germany, Italy, Japan, the UK, and the US. Data are from the IMF, International Financial Statistics. Percentage changes in NCF for each country are weighted by nominal GDP. Countries with missing data were not included in that year's NCF.