Markets Actual Q2 Q3 Q4 Q1 2020
Currency 0.69 0.7 0.7 0.69 0.69 0.68
Stock Market (points) 6365.30 6291 6234 6178 6123 6013
Government Bond 10Y (%) 1.65 1.82 1.85 1.88 1.92 1.98
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.20 0.7 0.8 0.8 0.3 0.8
GDP Annual Growth Rate (%) 2.30 2.5 2.3 2.3 2.4 2.4
Unemployment Rate (%) 5.20 5.1 4.9 4.9 4.9 4.8
Inflation Rate (%) 1.30 1.5 1.7 1.8 2.1 2.2
Inflation Rate Mom (%) 0.00 0.5 0.44 0.6 0.5 1
Interest Rate (%) 1.50 1.25 1.25 1 1 1
Balance of Trade (AUD Million) 4949.00 3100 3100 900 1600 -500
Current Account to GDP (%) -1.50 -3 -3 -3 -2.9 -2.9
Government Debt to GDP (%) 40.70 41 41 41 38 38
Government Budget (% of GDP) -0.60 -0.8 -0.8 -0.8 -0.3 -0.3
Business Confidence (Index Points) 0.00 3 6 7 8 6
Manufacturing PMI 54.80 52 54.37 53.2 53.6 52
Services PMI (Index Points) 46.50 53.87 53.87 51.2 51.6 52.2
Consumer Confidence (Index Points) 101.30 102 102 100 103 104
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.20 0.7 0.8 0.8 0.3 0.8
GDP Annual Growth Rate (%) 2.30 2.5 2.3 2.3 2.4 2.4
GDP (USD Billion) 1323.42 1580 1580 1580 1720 1720
GDP Constant Prices (AUD Million) 461547.00 465260 466027 472163 472624 483494
Gross National Product (AUD Million) 453201.00 452398 453486 463625 464078 474752
Gross Fixed Capital Formation (AUD Million) 110681.00 112503 113081 113227 113337 115944
GDP per capita (USD) 55925.93 56890 56890 56890 57160 57160
GDP per capita PPP (USD) 44648.71 45500 45500 45500 46000 46000
GDP From Agriculture (AUD Million) 10698.00 11538 11184 10944 10955 11207
GDP From Construction (AUD Million) 34105.00 36184 35176 34889 34924 35727
GDP From Manufacturing (AUD Million) 25824.00 26668 26440 26418 26444 27052
GDP From Mining (AUD Million) 36287.00 36463 36276 37122 37158 38013
GDP From Public Administration (AUD Million) 24447.00 23845 24149 25009 25034 25610
GDP From Utilities (AUD Million) 11122.00 11395 11417 11378 11389 11651
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 5.20 5.1 4.9 4.9 4.9 4.8
Employed Persons (Thousand ) 12822.91 12900 12910 13120 13120 13500
Unemployed Persons (Thousand ) 703.85 642 637 633 633 628
Part Time Employment (Persons) 34723.00 15000 20000 22000 26000 23000
Full Time Employment (Persons) -6330.00 14500 14300 -6800 12000 14184
Labor Force Participation Rate (%) 65.80 65.7 65.58 65.7 65.6 66
Youth Unemployment Rate (%) 11.80 11.5 11.7 11.5 11.3 11.1
Productivity (Index Points) 100.30 102 102 102 102 102
Job Vacancies (Thousand) 244.90 241 239 238 238 237
Wages (AUD/Week) 1225.30 1235 1235 1265 1265 1306
Wages In Manufacturing (AUD/Week) 1340.30 1335 1334 1383 1383 1429
Wage Growth (%) 2.30 2.3 2.27 3.2 3.2 3.3
Minimum Wages (AUD/week) 719.20 740 740 740 760 760
Population (Million) 24.70 25.5 25.32 25.27 25.84 25.84
Living Wage Family (AUD/Month) 2790.00 2987 2986 2879 2879 2974
Wages Low Skilled (AUD/Month) 2710.00 2731 2731 2797 2797 2889
Wages High Skilled (AUD/Month) 6120.00 6394 6392 6316 6316 6524
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.30 1.5 1.7 1.8 2.1 2.2
Inflation Rate Mom (%) 0.00 0.5 0.44 0.6 0.5 1
Consumer Price Index CPI (Index Points) 114.10 115 115 116 116 119
Core Consumer Prices (Index Points) 115.33 116 117 117 117 120
Core Inflation Rate (%) 1.60 1.8 1.9 2 2.1 2.2
Producer Prices (Index Points) 111.20 111 112 113 112 115
Producer Prices Change (%) 1.90 1.8 1.9 1.6 1.5 1.9
Food Inflation (%) 2.30 1.5 1.3 1.7 1.8 2
Inflation Expectations (%) 3.30 4 3.79 4 3.8 3.9
CPI Housing Utilities (Index Points) 121.60 123 123 124 124 127
CPI Transportation (Index Points) 103.80 107 108 108 106 110
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.50 1.25 1.25 1 1 1
Interbank Rate (%) 1.75 1.77 1.77 1.52 1.52 1.52
Banks Balance Sheet (AUD Billion) 4404.79 4060 4391 4080 4080 4100
Deposit Interest Rate (%) 1.85 1.6 1.6 1.35 1.35 1.35
Private Debt to GDP (%) 205.50 196 196 196 191 191
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (AUD Million) 4949.00 3100 3100 900 1600 -500
Current Account to GDP (%) -1.50 -3 -3 -3 -2.9 -2.9
Terms of Trade (Index Points) 97.40 87.9 87.82 88.45 88.45 90.91
Tourist Arrivals 836300.00 780800 706900 1050200 802100 1080400
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 40.70 41 41 41 38 38
Government Budget (% of GDP) -0.60 -0.8 -0.8 -0.8 -0.3 -0.3
Government Budget Value (AUD Million) -1569.00 -1555 -3287 -782 -782 -295
Government Spending (AUD Million) 89290.00 87779 88702 91344 91433 93536
Taxes Actual Q2 Q3 Q4 Q1 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 11.5 11.5 11.5
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 0.00 3 6 7 8 6
Manufacturing PMI 54.80 52 54.37 53.2 53.6 52
Services PMI (Index Points) 46.50 53.87 53.87 51.2 51.6 52.2
Car Registrations (Thousand) 14330.43 14260 14260 14260 14350 14350
Leading Economic Index (%) 0.20 -0.2 0 0 -0.1 0.1
Business Inventories (%) -0.20 0.2 0.4 0.5 0.5 0.4
Composite Pmi (Index Points) 50.00 53.8 52.7 54 54.5 56.5
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 101.30 102 102 100 103 104
Retail Sales YoY (%) 3.00 3.1 3.2 2.9 2.7 2.6
Consumer Spending (AUD Million) 261905.00 263282 263819 267929 268191 274359
Bank Lending Rate (%) 8.66 8.41 8.41 8.16 8.16 8.16
Gasoline Prices (USD/Liter) 1.04 0.95 0.92 0.9 0.88 0.88
Housing Actual Q2 Q3 Q4 Q1 2020
New Home Sales (Units) 4576.00 5371 5490 5490 5500 5550
Housing Index (%) -2.40 -0.57 -0.54 0.5 1 2.1
Construction Output (%) -3.10 0.45 1.33 1 1.1 0.2
Construction Pmi (Index Points) 42.60 45 47 51 53 50
Home Ownership Rate (%) 65.00 63.5 64.38 63.5 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.