Markets Actual Q1 Q2 Q3 Q4 2022
Currency 0.79 0.78 0.78 0.78 0.77 0.76
Stock Market (points) 6815.25 6659 6539 6422 6306 6074
Government Bond 10Y (%) 1.57 1.7 1.77 1.85 1.93 2.09

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 3.30 1.7 0.6 0.8 0.9 0.9
GDP Annual Growth Rate (%) -3.80 -0.5 7.3 5 3.8 3
Unemployment Rate (%) 6.40 7.5 7.6 7.2 6.5 5.9
Inflation Rate (%) 0.90 1 3 2 1.9 2.1
Inflation Rate Mom (%) 0.90 0.4 0.2 0.7 0.7 0.6
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25
Balance of Trade (AUD Million) 6785.00 4400 4700 5000 -500 5000
Current Account (AUD Million ) 10024.00 5300 4000 3000 2500 -1600
Current Account to GDP (%) 0.20 0.2 0.2 0.2 0.2 -0.5
Government Debt to GDP (%) 45.10 69 69 69 69 72
Government Budget (% of GDP) -4.30 -11 -11 -5.5 -5.5 -4.2
Business Confidence (points) 10.00 12 8 4 5 8
Manufacturing PMI (points) 55.30 53 52.5 52.3 52.5 53
Services PMI (points) 54.30 52 50 50 50.5 50.5
Consumer Confidence (points) 109.10 108 102 102 103 98
Retail Sales MoM (%) 0.60 0.3 0.8 0.6 0.5 0.4
Building Permits (%) 10.90 1.7 2 2.2 2.5 3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 3.30 1.7 0.6 0.8 0.9 0.9
GDP Annual Growth Rate (%) -3.80 -0.5 7.3 5 3.8 3
GDP (USD Billion) 1392.70 1370 1370 1370 1370 1480
GDP Constant Prices (AUD Million) 476043.00 477044 493055 494342 495098 495172
Gross National Product (AUD Million) 474063.00 465401 482386 489102 486146 483087
Gross Fixed Capital Formation (AUD Million) 105954.00 108000 111000 114000 118727 112000
GDP per capita (USD) 57071.20 56100 56100 56100 56100 57300
GDP per capita PPP (USD) 49756.30 49000 49000 49000 49000 49600
GDP From Agriculture (AUD Million) 8816.00 8940 8996 9514 11476 9280
GDP From Construction (AUD Million) 32897.00 33568 34630 34523 36584 34844
GDP From Manufacturing (AUD Million) 26660.00 26499 28044 27502 27701 27506
GDP From Mining (AUD Million) 49672.00 48614 50223 54238 38925 50462
GDP From Public Administration (AUD Million) 28014.00 25681 27231 29619 26224 26657
GDP From Utilities (AUD Million) 11694.00 11481 11685 12429 11930 11917

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.40 7.5 7.6 7.2 6.5 5.9
Employed Persons (Thousand ) 12939.90 12600 12700 12800 12500 12900
Unemployed Persons (Thousand ) 877.64 850 820 800 780 740
Part Time Employment (Persons) 14300.00 4000 6000 4000 12000 10500
Full Time Employment (Persons) 59000.00 20000 30000 23000 15000 18000
Employment Change (Persons) 29100.00 24000 26000 27000 27000 28500
Labor Force Participation Rate (%) 66.10 66 66 66.1 66.1 66.3
Youth Unemployment Rate (%) 13.90 14.5 14.3 14.1 14 13
Labour Costs (points) 92.60 105 102 105 114 110
Productivity (points) 102.90 102 102 102 102 102
Job Vacancies (Thousand) 254.40 210 214 218 226 226
Job Advertisements 161582.00 108000 107000 105000 103000 105000
Wages (AUD/Week) 1304.70 1312 1318 1318 1349 1349
Wages In Manufacturing (AUD/Week) 1381.30 1400 1400 1413 1425 1425
Minimum Wages (AUD/week) 753.80 770 770 770 770 790
Wage Growth (%) 1.40 2.2 2.3 2.3 2.3 2.3
Population (Million) 25.68 26.6 26.6 26.6 26.62 27.1
Retirement Age Women 66.00 66.5 66.5 66.5 66.5 66.5
Retirement Age Men 66.00 66.5 66.5 66.5 66.5 66.5
Employment Rate (%) 61.80 60 60.2 60.3 60.5 60.5

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.90 1 3 2 1.9 2.1
Inflation Rate Mom (%) 0.90 0.4 0.2 0.7 0.7 0.6
Consumer Price Index CPI (points) 117.20 117 118 118 122 119
Core Consumer Prices (points) 117.99 118 119 118 122 119
Core Inflation Rate (%) 1.20 1.2 1.2 1.4 1.4 1.8
Producer Prices (points) 112.30 114 113 113 117 116
Producer Prices Change (%) -0.10 1.1 1.3 1.5 1.9 1.9
Export Prices (points) 109.10 112 112 112 111 108
Import Prices (points) 105.90 112 113 114 112 111
Food Inflation (%) 2.30 2.8 2.5 2.1 2.1 2.3
Inflation Expectations (%) 3.40 3.3 3.5 3.6 3.6 3.6
CPI Housing Utilities (points) 120.80 123 124 125 130 125
CPI Transportation (points) 103.60 109 108 102 113 112

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25
Money Supply M1 (AUD Billion) 1376.39 1275 1275 1275 1300 1300
Central Bank Balance Sheet (AUD Million) 348739.00 320000 310000 305000 310000 330000
Banks Balance Sheet (AUD Billion) 5283.40 5150 5200 5200 5000 5000
Foreign Exchange Reserves (AUD Million) 54829.00 65000 68000 70000 72000 78000
Deposit Interest Rate (%) 0.15 0.25 0.25 0.25 1.85 0.25
Private Debt to GDP (%) 200.00 202 202 202 202 202

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (AUD Million) 6785.00 4400 4700 5000 -500 5000
Current Account (AUD Million ) 10024.00 5300 4000 3000 2500 -1600
Current Account to GDP (%) 0.20 0.2 0.2 0.2 0.2 -0.5
Imports (AUD Million) 30483.00 34500 35000 35500 36000 36500
Exports (AUD Million) 37268.00 39200 40000 40500 41000 42000
External Debt (AUD Million) 2187215.00 2479000 2500000 2550000 2600000 2700000
Terms of Trade (points) 103.00 90.91 99.11 99.56 90.76 90.76
Foreign Direct Investment (AUD Million) 52011.00 48000 48000 48000 48000 55000
Capital Flows (AUD Million) -9296.00 1300 4000 6000 9000 9000
Tourist Arrivals 8820.00 9000 15000 30000 40000 85000
Gold Reserves (Tonnes) 79.85 67.34 67.34 67.34 67.34 67.34

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 45.10 69 69 69 69 72
Government Budget (% of GDP) -4.30 -11 -11 -5.5 -5.5 -4.2
Government Budget Value (AUD Million) -7904.00 -12500 -11600 -8000 -229 -6000
Government Spending (AUD Million) 103794.00 93575 98873 109817 95781 97131
Government Revenues (AUD Million) 44160.00 35600 37000 38000 38000 38000
Fiscal Expenditure (AUD Million) 52064.00 47200 45000 43300 44000 47000
Government Debt (AUD Million) 611100.00 615000 621000 629000 635000 615000

Taxes Actual Q1 Q2 Q3 Q4 2022
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 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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) 10.00 12 8 4 5 8
Manufacturing PMI (points) 55.30 53 52.5 52.3 52.5 53
Services PMI (points) 54.30 52 50 50 50.5 50.5
Industrial Production (%) -2.00 -1.3 4.5 3.5 2 1.5
Industrial Production Mom (%) 0.30 0.3 0.6 0.5 0.5 0.41
Manufacturing Production (%) -1.80 -1.5 6.5 5 2.1 1.3
Capacity Utilization (%) 80.96 75 75.5 76 76.5 78.5
Bankruptcies (Companies) 462.00 500 530 560 590 630
Corporate Profits (AUD Million) 117394.00 98000 97300 96900 97500 95700
Total Vehicle Sales 79666.00 85000 85000 87000 87000 87000
Car Registrations (Thousand) 14504.15 12850 12850 12850 12850 14000
Leading Economic Index (%) 0.30 0.1 0.3 0.2 0.2 0.2
Small Business Sentiment 17.52 -3 -1 1 1 2
Mining Production (%) -2.20 3.5 7 5 4.5 4.5
Industrial Sentiment (points) 56.60 55.3 55 55.1 55.3 54.5
Services Sentiment (points) 54.10 54.5 54.2 54.3 54.5 53.5
Private Investment (%) -3.00 1.1 -0.5 -0.3 0.9 1.1
Business Inventories (%) -0.50 0.3 0.5 0.4 0.5 0.5
Composite PMI (points) 54.40 54.3 54.1 54 54.3 53.7

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 109.10 108 102 102 103 98
Retail Sales MoM (%) 0.60 0.3 0.8 0.6 0.5 0.4
Retail Sales YoY (%) 0.80 1 1.5 1.9 2.5 2.9
Consumer Spending (AUD Million) 253648.00 261323 267353 252296 280944 271253
Disposable Personal Income (AUD Million) 349346.00 356314 356314 362515 368590 371372
Personal Savings (%) 18.90 15 13 10 10 6
Consumer Credit (AUD Billion) 2996.91 2822 2981 3206 3006 2929
Private Sector Credit (%) 0.30 0.4 0.2 0.3 0.6 0.5
Households Debt To GDP (% of GDP) 121.40 125 125 125 125 126
Bank Lending Rate (%) 6.51 6.51 6.51 6.51 8.66 6.51
Gasoline Prices (USD/Liter) 1.03 0.94 0.89 0.85 0.81 0.77

Housing Actual Q1 Q2 Q3 Q4 2022
Building Permits (%) 10.90 1.7 2 2.2 2.5 3
New Home Sales (Units) 4143.00 6000 6100 5950 5700 5500
Housing Index (%) 0.80 1.8 2 2.3 2.3 2.1
Home Loans (AUD Million) 19936.30 12900 13100 13350 13500 14000
Home Ownership Rate (%) 65.00 64 64 64 64 64
Construction Output (%) -2.60 0.4 0.3 0.4 0.5 0.7
Construction PMI (points) 57.60 48 42 42 43 47


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.