Markets Actual Q3 Q4 Q1 Q2 2021
Currency 0.71 0.71 0.71 0.7 0.7 0.69
Stock Market (points) 5923.90 5820 5716 5613 5512 5309
Government Bond 10Y (%) 0.85 0.88 0.92 0.96 1 1.08

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -7.00 1.4 1.8 1.7 0.6 0.9
GDP Annual Growth Rate (%) -6.30 -6 -5 1.1 1.3 1.5
Unemployment Rate (%) 6.80 7 9.5 8.3 7.9 7.3
Inflation Rate (%) -0.30 0.3 0.3 0.5 1.5 1.9
Inflation Rate Mom (%) -1.90 1.2 0.7 0.5 -0.9 0.7
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Balance of Trade (AUD Million) 4607.00 4200 -500 1500 5000 -500
Current Account (AUD Million ) 17738.00 3000 1500 -2800 -3200 -5000
Current Account to GDP (%) 0.20 -1.5 -1.5 -1.7 -1.7 -1.7
Government Debt to GDP (%) 45.10 50 50 49 49 49
Government Budget (% of GDP) -0.20 -10 -10 -5.5 -5.5 -5.5
Business Confidence (points) -8.00 -10 -10 -5 -3 5
Manufacturing PMI (points) 49.30 49.7 51 51.5 51.8 52.5
Services PMI (points) 42.50 43 42.5 43.5 46 50.5
Consumer Confidence (points) 93.80 77 91 90 92 97
Retail Sales MoM (%) 3.20 0.2 0.4 0.3 0.8 0.5
Building Permits (%) 12.00 -3.5 1 1.7 2 2.5
Corporate Tax Rate (%) 30.00 30 30 30 30 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -7.00 1.4 1.8 1.7 0.6 0.9
GDP Annual Growth Rate (%) -6.30 -6 -5 1.1 1.3 1.5
GDP (USD Billion) 1392.70 1320 1320 1370 1370 1370
GDP Constant Prices (AUD Million) 445799.00 463457 456266 484078 485036 463110
Gross National Product (AUD Million) 447165.00 460857 449378 480577 481528 456118
Gross Fixed Capital Formation (AUD Million) 104432.00 107000 115944 110000 110000 118727
GDP per capita (USD) 57071.20 54200 54200 56100 56100 56100
GDP per capita PPP (USD) 49756.30 48300 48300 49000 49000 49000
GDP From Agriculture (AUD Million) 9151.00 9103 8866 9238 9256 8999
GDP From Construction (AUD Million) 30249.00 32867 31381 33244 33309 31852
GDP From Manufacturing (AUD Million) 24409.00 25063 25103 27289 27343 25479
GDP From Mining (AUD Million) 41872.00 40589 40098 42230 42314 40699
GDP From Public Administration (AUD Million) 26229.00 24527 24275 26196 26248 24639
GDP From Utilities (AUD Million) 11156.00 11185 10968 11479 11502 11132

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 6.80 7 9.5 8.3 7.9 7.3
Employed Persons (Thousand ) 12583.41 11600 11800 11900 11800 12500
Unemployed Persons (Thousand ) 921.78 1200 990 910 800 880
Part Time Employment (Persons) 74817.00 50000 3400 4000 6000 21000
Full Time Employment (Persons) 36200.00 -60000 -30000 20000 30000 5000
Employment Change (Persons) 111000.00 25000 50 24000 26000 26000
Labor Force Participation Rate (%) 64.80 64.8 65 66 66 66.1
Youth Unemployment Rate (%) 14.30 18.5 17.5 17 17 15
Labour Costs (points) 94.00 107 107 107 107 110
Productivity (points) 100.20 101 101 101 101 101
Job Vacancies (Thousand) 226.50 215 215 235 235 237
Job Advertisements 109103.37 64500 66000 68000 70000 90000
Wages (AUD/Week) 1304.70 1267 1287 1286 1286 1317
Wages In Manufacturing (AUD/Week) 1381.30 1370 1383 1382 1382 1415
Minimum Wages (AUD/week) 753.80 754 754 754 754 770
Wage Growth (%) 1.80 2.4 2.4 2.3 2.3 2.3
Population (Million) 25.60 26.1 26.14 26.6 26.6 26.62
Retirement Age Women 66.00 66 66 66 66 66.5
Retirement Age Men 66.00 66 66 66 66 66.5
Employment Rate (%) 60.30 59.8 59.8 60 60.2 60.5

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -0.30 0.3 0.3 0.5 1.5 1.9
Inflation Rate Mom (%) -1.90 1.2 0.7 0.5 -0.9 0.7
Consumer Price Index CPI (points) 114.40 116 117 117 116 119
Core Consumer Prices (points) 117.07 118 118 119 119 119
Core Inflation Rate (%) 1.20 1.2 1 1.2 1.2 1.4
Producer Prices (points) 111.20 113 115 114 115 117
Producer Prices Change (%) -0.40 0.8 1 1.6 1.8 2.3
Export Prices (points) 109.00 110 113 113 113 111
Import Prices (points) 110.90 114 114 114 114 110
Food Inflation (%) 4.10 3.6 3.2 2.8 2.5 2.1
Inflation Expectations (%) 3.10 3.3 3.2 3.3 3.5 3.6
CPI Housing Utilities (points) 121.50 122 122 123 123 125
CPI Transportation (points) 99.30 107 109 107 101 111

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Money Supply M1 (AUD Billion) 1273.06 1350 1300 1275 1275 1300
Central Bank Balance Sheet (AUD Million) 296677.00 279000 281000 280000 278000 276000
Banks Balance Sheet (AUD Billion) 5410.35 5700 5600 5650 5500 4500
Foreign Exchange Reserves (AUD Million) 59671.00 63000 72000 72000 72000 75000
Deposit Interest Rate (%) 0.55 0.75 0.75 0.75 0.75 0.75
Private Debt to GDP (%) 200.00 204 204 202 202 202

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (AUD Million) 4607.00 4200 -500 1500 5000 -500
Current Account (AUD Million ) 17738.00 3000 1500 -2800 -3200 -5000
Current Account to GDP (%) 0.20 -1.5 -1.5 -1.7 -1.7 -1.7
Imports (AUD Million) 29890.00 35300 35000 34500 35000 36000
Exports (AUD Million) 34496.00 39500 40500 36000 40000 41000
External Debt (AUD Million) 2176567.00 2309000 2379000 2479000 2500000 2600000
Terms of Trade (points) 98.30 96.49 99.12 99.56 99.56 101
Foreign Direct Investment (AUD Million) 52011.00 40000 40000 48000 48000 48000
Capital Flows (AUD Million) -18636.00 9000 9000 13100 10000 12685
Tourist Arrivals 3530.00 50000 150000 200000 300000 400000
Gold Reserves (Tonnes) 60.70 67.34 67.34 67.34 67.34 67.34

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 45.10 50 50 49 49 49
Government Budget (% of GDP) -0.20 -10 -10 -5.5 -5.5 -5.5
Government Budget Value (AUD Million) -35675.00 -17500 -18500 -11500 -11000 -295
Government Spending (AUD Million) 99676.00 90821 89747 97182 97375 91094
Government Revenues (AUD Million) 43870.00 30600 30600 37600 37000 39055
Fiscal Expenditure (AUD Million) 79545.00 48100 49100 49100 48000 39350
Government Debt (AUD Million) 463654.00 441000 450000 451000 452000 455000

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 11.50 12 12 12 12 12
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5
Social Security Rate For Employees (%) 2.00 2.5 2.5 2.5 2.5 2.5

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) -8.00 -10 -10 -5 -3 5
Manufacturing PMI (points) 49.30 49.7 51 51.5 51.8 52.5
Services PMI (points) 42.50 43 42.5 43.5 46 50.5
Industrial Production (%) 2.50 -7.5 -3.3 -1.3 4.5 0.7
Industrial Production Mom (%) -0.10 -3.5 -2 0.3 0.6 0.41
Manufacturing Production (%) 2.70 -1.5 -3.5 -1.5 1.2 0.8
Capacity Utilization (%) 76.13 75.95 75 75 75 81.95
Bankruptcies (Companies) 373.00 710 560 650 600 590
Corporate Profits (AUD Million) 109606.00 94000 91500 91500 91300 90500
Total Vehicle Sales 60986.00 70000 82000 90000 90000 85000
Car Registrations (Thousand) 14504.15 10650 10650 12850 12850 12850
Leading Economic Index (%) 0.48 0.2 0.1 0.1 0.3 0.2
Small Business Sentiment -9.68 -1 -1 1 2.5 1
Mining Production (%) 4.30 -8 2.5 3.5 3.2 4.5
Industrial Sentiment (points) 55.50 55.5 54 53 53.5 53
Services Sentiment (points) 50.00 50 49.7 50.5 51 52
Private Investment (%) -5.90 1.3 1.3 1.1 -0.5 1.13
Business Inventories (%) -3.00 0.3 0.4 0.3 0.5 0.5
Composite Pmi (points) 50.50 50.5 50.3 50.8 51.4 52

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 93.80 77 91 90 92 97
Retail Sales MoM (%) 3.20 0.2 0.4 0.3 0.8 0.5
Retail Sales YoY (%) 2.30 -1.5 -1.1 1 1.5 2.8
Consumer Spending (AUD Million) 233518.00 259715 274359 268874 269406 280944
Disposable Personal Income (AUD Million) 331505.00 310691 303200 326977 327623 307748
Personal Savings (%) 19.80 1.7 2 2 2 1.6
Consumer Credit (AUD Billion) 2973.56 2827 2792 3028 3026 2834
Private Sector Credit (%) -0.10 0.4 0.2 0.4 0.2 0.6
Households Debt To GDP (% of GDP) 119.40 124 124 124 124 126
Bank Lending Rate (%) 6.57 6.57 6.57 6.57 6.57 6.57
Gasoline Prices (USD/Liter) 0.91 0.78 0.74 0.7 0.67 0.63

Housing Actual Q3 Q4 Q1 Q2 2021
Building Permits (%) 12.00 -3.5 1 1.7 2 2.5
New Home Sales (Units) 5978.00 5900 5800 6000 6100 5700
Housing Index (%) -1.80 -0.8 1.6 1.8 2 2.1
Home Loans (AUD Million) 14332.80 13800 13650 12900 13100 13500
Home Ownership Rate (%) 65.00 64 64 64 64 64
Construction Output (%) -0.70 0.2 0.2 0.4 0.3 0.5
Construction Pmi (points) 37.90 38 40 41 41 43


This page has economic forecasts for Australia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Australia economy.