Markets Actual Q3 Q4 Q1 Q2 2020
Currency 0.70 0.7 0.69 0.69 0.68 0.68
Stock Market (points) 6691.20 6557 6496 6436 6376 6258
Government Bond 10Y (%) 1.33 1.38 1.41 1.44 1.47 1.53
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.40 0.7 0.8 0.3 0.5 0.9
GDP Annual Growth Rate (%) 1.80 2 2.1 2.4 2.3 2.4
Unemployment Rate (%) 5.20 5 4.9 4.9 4.8 4.8
Inflation Rate (%) 1.30 1.7 1.8 2.1 2.2 2
Inflation Rate Mom (%) 0.00 0.5 0.6 0.5 0.6 1
Interest Rate (%) 1.00 1 0.75 0.75 0.75 0.75
Balance of Trade (AUD Million) 5745.00 3100 900 1600 1600 -500
Current Account to GDP (%) -1.50 -3 -3 -2.9 -2.9 -2.9
Government Debt to GDP (%) 40.70 41 41 38 38 38
Government Budget (% of GDP) -0.60 -0.8 -0.8 -0.3 -0.3 -0.3
Business Confidence (Index Points) 2.00 6 5 8 6 6
Manufacturing PMI 49.43 52 53.2 53.6 53.8 54
Services PMI (Index Points) 52.20 53 51.2 51.6 52 52.2
Consumer Confidence (Index Points) 96.50 102 100 103 102 104
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.40 0.7 0.8 0.3 0.5 0.9
GDP Annual Growth Rate (%) 1.80 2 2.1 2.4 2.3 2.4
GDP (USD Billion) 1432.20 1580 1580 1650 1650 1650
GDP Constant Prices (AUD Million) 463907.00 466027 472163 472624 475041 483494
Gross National Product (AUD Million) 458418.00 453486 463625 464078 469420 474752
Gross Fixed Capital Formation (AUD Million) 109559.00 113081 113227 113337 112000 115944
GDP per capita (USD) 56919.40 57520 57520 57990 57990 57990
GDP per capita PPP (USD) 45439.30 45900 45900 46400 46400 46400
GDP From Agriculture (AUD Million) 10747.00 11184 10944 10955 11005 11207
GDP From Construction (AUD Million) 33733.00 35176 34889 34924 34543 35727
GDP From Manufacturing (AUD Million) 26118.00 26440 26418 26444 26745 27052
GDP From Mining (AUD Million) 36408.00 36276 37122 37158 37282 38013
GDP From Public Administration (AUD Million) 24583.00 24149 25009 25034 25173 25610
GDP From Utilities (AUD Million) 11270.00 11417 11378 11389 11540 11651
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.20 5 4.9 4.9 4.8 4.8
Employed Persons (Thousand ) 12871.67 12900 13120 13120 13200 13500
Unemployed Persons (Thousand ) 711.49 680 660 640 620 628
Part Time Employment (Persons) -20625.00 20000 22000 26000 14000 23000
Full Time Employment (Persons) 21096.00 14300 -6800 12000 10000 14184
Labor Force Participation Rate (%) 66.00 65.7 65.7 65.6 65.7 66
Youth Unemployment Rate (%) 12.00 11.7 11.5 11.3 11.2 11.1
Productivity (Index Points) 99.90 101 100 101 101 101
Job Vacancies (Thousand) 243.20 241 239 238 237 237
Wages (AUD/Week) 1225.30 1235 1265 1265 1265 1306
Wage Growth (%) 2.30 2.3 3.2 3.2 3 3.3
Minimum Wages (AUD/week) 740.80 740 740 760 760 760
Wages In Manufacturing (AUD/Week) 1340.30 1334 1383 1383 1383 1429
Population (Million) 25.18 25.5 25.27 25.84 25.84 25.84
Living Wage Family (AUD/Month) 2790.00 2986 2879 2879 2879 2974
Wages High Skilled (AUD/Month) 6120.00 6392 6316 6316 6316 6524
Wages Low Skilled (AUD/Month) 2710.00 2731 2797 2797 2797 2889
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.30 1.7 1.8 2.1 2.2 2
Inflation Rate Mom (%) 0.00 0.5 0.6 0.5 0.6 1
Consumer Price Index CPI (Index Points) 114.10 115 116 116 117 118
Core Consumer Prices (Index Points) 115.33 117 117 118 118 120
Core Inflation Rate (%) 1.60 1.9 2 2 2.2 2.2
Producer Prices (Index Points) 111.20 113 113 112 114 115
Producer Prices Change (%) 1.90 1.9 1.8 2 2.1 2.1
Food Inflation (%) 2.30 1.3 1.7 1.8 1.8 2
Inflation Expectations (%) 3.20 3.6 4 3.8 3.6 3.9
CPI Housing Utilities (Index Points) 121.60 123 124 124 124 126
CPI Transportation (Index Points) 103.80 108 108 106 106 110
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.00 1 0.75 0.75 0.75 0.75
Interbank Rate (%) 1.25 1.4 1.4 1.4 1.4 1.4
Banks Balance Sheet (AUD Billion) 4404.79 4060 4080 4080 4100 4100
Deposit Interest Rate (%) 1.75 1.85 1.85 1.85 1.85 1.85
Private Debt to GDP (%) 205.30 205 205 204 204 204
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (AUD Million) 5745.00 3100 900 1600 1600 -500
Current Account to GDP (%) -1.50 -3 -3 -2.9 -2.9 -2.9
Terms of Trade (Index Points) 97.40 87.82 88.45 88.45 88.45 90.91
Tourist Arrivals 668300.00 780800 1050200 802100 700500 1080400
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 40.70 41 41 38 38 38
Government Budget (% of GDP) -0.60 -0.8 -0.8 -0.3 -0.3 -0.3
Government Budget Value (AUD Million) 13326.00 -3287 -782 -782 -782 -295
Government Spending (AUD Million) 90142.00 88702 91344 91433 92305 93536
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 30.00 30 30 30 30 30
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 11.5 11.5 12 12 12
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 2.00 6 5 8 6 6
Manufacturing PMI 49.43 52 53.2 53.6 53.8 54
Services PMI (Index Points) 52.20 53 51.2 51.6 52 52.2
Car Registrations (Thousand) 14330.43 14260 14260 14350 14350 14350
Leading Economic Index (%) -0.10 0 0 -0.1 0.1 0.1
Business Inventories (%) 0.70 0.4 0.5 0.5 0.5 0.4
Composite Pmi (Index Points) 52.50 52.7 53 54.5 55 56.5
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 96.50 102 100 103 102 104
Retail Sales YoY (%) 2.70 3.2 2.9 2.7 3 2.6
Consumer Spending (AUD Million) 262566.00 263819 267929 268191 268868 274359
Bank Lending Rate (%) 8.55 8.66 8.66 8.66 8.66 8.66
Gasoline Prices (USD/Liter) 0.97 0.92 0.9 0.88 0.91 0.88
Housing Actual Q3 Q4 Q1 Q2 2020
New Home Sales (Units) 5198.00 4400 5000 5200 5400 5550
Housing Index (%) -3.00 -0.8 0.5 1 1.3 2.1
Construction Output (%) -1.90 0.5 1 1.1 0.6 0.2
Construction Pmi (Index Points) 43.00 47 51 53 51.5 50
Home Ownership Rate (%) 65.00 63.5 63.5 64 64 64


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.