Capital Flows Atlas

Countries · Australasia

Australia

Australia's superannuation funds are among the largest investors in the world, and its mining sector draws large foreign investment.

At a glance

Population, 202527.6m
GDP, 2025$1.80tn$65,130 per person
Real GDP growth, 2025+1.4%Inflation: 2.9%
Current account, 2025−2.8% of GDP−$49.7bn
Reserves incl. gold, 2025$72.6bn

Net inflows of foreign direct investment were $37.4bn in 2025, against an average of $44.5bn a year in 2015–2024. Investors based in Australia withdrew a net $6.75bn of direct investment from abroad in the same year. Foreign investors were net buyers of $18.9bn of shares in Australia in 2025. Investors in Australia held $79.9bn of US Treasury securities at the end of August 2026, +$12.5bn on a year earlier, and $877.7bn of US shares.

Compulsory retirement savings have built up a large pool of money invested abroad, much of it in US shares. Australia's current account has moved between surplus and deficit with commodity prices.

Australia's holdings of US securities

Treasuries, shares and bonds issued in the US and held by investors in Australia.

US Treasuries held, Aug 2026$79.9bn+$12.5bn on Aug 2025 · rank 27 of 76
US shares held, Aug 2026$877.7bn+$158.7bn on Aug 2025 · rank 10 of 76
All long-term US securities held, Aug 2026$1.00tnCorporate bonds: $53.6bn · agency bonds: $6.60bn
Net purchases, 12 months to Aug 2026+$49.6bn sharesTreasuries: +$21.4bn · corporate bonds: +$10.7bn

Holdings of US securities

End of month, Aug 2025 to Aug 2026, $bn.

Net purchases of long-term US securities

Each month, $bn. Positive means net buying.

The US Treasury records holdings by the country where securities are held in custody, which is not always the owner's country. Why this matters.

Direct and equity investment

Annual net flows, $bn. Direct investment means building or buying businesses; portfolio equity means buying listed shares and fund units.

Net flows by year

Direct investment into and out of Australia, and foreign buying of its shares, $bn.

Current account and reserves

The balance of trade and income with the rest of the world, and the reserves held by the central bank.

Current account balance

Each year, $bn. A surplus means the country lends to the rest of the world.

Foreign exchange reserves, including gold

End of year, $bn.

Remittances

Money sent home by people working abroad, compared with direct investment, $bn.

Remittances and direct investment

Each year, $bn.

The economy

GDP

Current US dollars, $bn. Dollar figures also move with exchange rates.

Growth and inflation

Real GDP growth and consumer price inflation, per cent.

The Australian dollar in global reserves

Share of central banks' allocated reserves held in Australian dollars, per cent.

Australian dollar share of global reserves

Per cent, quarterly.

All figures

Annual figures from the World Bank, as published. Download them for every country on the data page.

Indicator20152016201720182019202020212022202320242025
Population (m)23.8224.1924.5924.9625.3325.6525.6926.0226.6627.1927.61
GDP ($bn)1,356.81,211.61,330.91,433.11,398.31,333.31,560.61,695.61,734.51,757.01,798.5
GDP per person ($)56,97050,08454,11857,41055,19551,98360,75965,17065,05864,61065,130
Real GDP growth (%)2.22.82.32.92.2−0.12.04.33.61.41.4
Inflation (%)1.51.31.91.91.60.82.96.65.63.22.9
Current account ($bn)−58.28−43.64−40.00−37.11−1.0621.9038.194.31−7.51−40.67−49.74
Current account (% GDP)−4.3−3.6−3.0−2.6−0.11.62.40.3−0.4−2.3−2.8
Reserves incl. gold ($bn)45.452.565.753.958.042.557.956.761.760.472.6
Direct investment in ($bn)46.8942.9748.2060.6938.7517.9831.4568.7135.3254.0037.44
Direct investment out ($bn)8.26−3.1110.001.038.907.409.25127.3513.3113.92−6.75
Portfolio equity in ($bn)13.7718.2915.65−7.2617.6922.7432.0147.12−18.79−1.5118.94
Remittances ($bn)2.172.061.961.781.681.110.841.211.611.772.01

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