Markets Actual Q4 Q1 Q2 Q3 2021
Currency 0.74 0.73 0.73 0.73 0.72 0.72
Stock Market (points) 6601.10 6482 6365 6251 6138 5913
Government Bond 10Y (%) 0.90 0.94 0.98 1.02 1.07 1.15

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -7.00 2 1.7 0.6 0.7 0.9
GDP Annual Growth Rate (%) -6.30 -4 -2.5 5.3 4 2.3
Unemployment Rate (%) 7.00 7.5 7.3 6.9 6.6 6.3
Inflation Rate (%) 0.70 0.4 0.5 0.4 2.3 1.9
Inflation Rate Mom (%) 1.60 0.7 0.4 0.2 0.7 0.7
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25
Balance of Trade (AUD Million) 5630.00 4400 4700 5000 5000 5000
Current Account (AUD Million ) 17738.00 7500 5300 4000 3000 2500
Current Account to GDP (%) 0.20 -1.5 -1.7 -1.7 -1.7 -1.7
Government Debt to GDP (%) 45.10 50 49 49 49 49
Government Budget (% of GDP) -0.20 -10 -5.5 -5.5 -5.5 -5.5
Business Confidence (points) 5.00 -4 -5 -3 1 5
Manufacturing PMI (points) 56.30 54 53 52.5 52.3 52.5
Services PMI (points) 51.40 40 42 44 46 50.5
Consumer Confidence (points) 107.70 105 100 102 102 103
Retail Sales MoM (%) 1.60 0.4 0.3 0.8 0.6 0.5
Building Permits (%) 15.40 1 1.7 2 2.2 2.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -7.00 2 1.7 0.6 0.7 0.9
GDP Annual Growth Rate (%) -6.30 -4 -2.5 5.3 4 2.3
GDP (USD Billion) 1392.70 1320 1370 1370 1370 1370
GDP Constant Prices (AUD Million) 445799.00 461375 467356 469426 463631 471987
Gross National Product (AUD Million) 447165.00 454861 464967 470865 465052 465323
Gross Fixed Capital Formation (AUD Million) 104432.00 106000 107000 110000 109000 108000
GDP per capita (USD) 57071.20 54200 56100 56100 56100 56100
GDP per capita PPP (USD) 49756.30 48300 49000 49000 49000 49000
GDP From Agriculture (AUD Million) 9151.00 9122 9093 9636 9517 9332
GDP From Construction (AUD Million) 30249.00 31812 32124 31852 31459 32543
GDP From Manufacturing (AUD Million) 24409.00 25338 26330 25703 25385 25921
GDP From Mining (AUD Million) 41872.00 40338 40736 44091 43547 41266
GDP From Public Administration (AUD Million) 26229.00 24446 25345 27619 27278 25009
GDP From Utilities (AUD Million) 11156.00 11084 11044 11747 11602 11339

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 7.00 7.5 7.3 6.9 6.6 6.3
Employed Persons (Thousand ) 12773.89 12000 12200 12300 12400 12500
Unemployed Persons (Thousand ) 960.89 990 950 920 900 880
Part Time Employment (Persons) 81780.00 55000 4000 6000 4000 12000
Full Time Employment (Persons) 97000.00 -30000 20000 30000 23000 15000
Employment Change (Persons) 178800.00 25000 24000 26000 27000 27000
Labor Force Participation Rate (%) 65.80 65 66 66 66.1 66.1
Youth Unemployment Rate (%) 15.60 15.7 15.5 15.3 15.1 15
Labour Costs (points) 94.00 107 107 96.16 96.16 109
Productivity (points) 100.20 103 102 102 102 102
Job Vacancies (Thousand) 226.50 210 210 214 218 226
Job Advertisements 129544.25 110000 108000 107000 105000 103000
Wages (AUD/Week) 1304.70 1283 1285 1335 1335 1313
Wages In Manufacturing (AUD/Week) 1381.30 1379 1380 1413 1413 1411
Minimum Wages (AUD/week) 753.80 754 770 770 770 770
Wage Growth (%) 1.40 2.1 2.2 2.3 2.3 2.3
Population (Million) 25.60 26.14 26.6 26.6 26.6 26.62
Retirement Age Women 66.00 66 66.5 66.5 66.5 66.5
Retirement Age Men 66.00 66 66.5 66.5 66.5 66.5
Employment Rate (%) 61.20 59.8 60 60.2 60.3 60.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.70 0.4 0.5 0.4 2.3 1.9
Inflation Rate Mom (%) 1.60 0.7 0.4 0.2 0.7 0.7
Consumer Price Index CPI (points) 116.20 117 117 115 117 119
Core Consumer Prices (points) 117.49 118 119 118 119 119
Core Inflation Rate (%) 1.20 1 1.2 1.2 1.4 1.4
Producer Prices (points) 111.70 113 114 113 113 115
Producer Prices Change (%) -0.40 0.8 1.1 1.3 1.5 1.9
Export Prices (points) 103.40 111 112 112 112 111
Import Prices (points) 107.00 112 112 113 114 112
Food Inflation (%) 3.40 3.2 2.8 2.5 2.1 2.1
Inflation Expectations (%) 3.50 3.2 3.3 3.5 3.6 3.6
CPI Housing Utilities (points) 121.50 122 123 122 124 125
CPI Transportation (points) 102.70 109 107 99.7 102 111

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25
Money Supply M1 (AUD Billion) 1305.09 1300 1275 1275 1275 1300
Central Bank Balance Sheet (AUD Million) 300575.00 300000 320000 310000 305000 310000
Banks Balance Sheet (AUD Billion) 5329.88 5600 5650 5500 5000 4500
Foreign Exchange Reserves (AUD Million) 61581.00 62000 65000 68000 70000 72000
Deposit Interest Rate (%) 0.40 0.55 0.55 0.55 0.55 0.7
Private Debt to GDP (%) 200.00 204 202 202 202 202

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (AUD Million) 5630.00 4400 4700 5000 5000 5000
Current Account (AUD Million ) 17738.00 7500 5300 4000 3000 2500
Current Account to GDP (%) 0.20 -1.5 -1.7 -1.7 -1.7 -1.7
Imports (AUD Million) 28108.00 34100 34500 35000 35500 36000
Exports (AUD Million) 33737.00 38500 39200 40000 40500 41000
External Debt (AUD Million) 2176567.00 2379000 2479000 2500000 2550000 2600000
Terms of Trade (points) 96.60 90.91 99.11 99.56 100 90.76
Foreign Direct Investment (AUD Million) 52011.00 40000 48000 48000 48000 48000
Capital Flows (AUD Million) -18636.00 -5000 1300 4000 6000 9000
Tourist Arrivals 3720.00 6000 9000 15000 30000 40000
Gold Reserves (Tonnes) 79.62 67.34 67.34 67.34 67.34 67.34

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 45.10 50 49 49 49 49
Government Budget (% of GDP) -0.20 -10 -5.5 -5.5 -5.5 -5.5
Government Budget Value (AUD Million) -10974.00 -295 -38500 -29600 -28000 -229
Government Spending (AUD Million) 99676.00 90692 93722 104959 103663 92778
Government Revenues (AUD Million) 41827.00 30600 30600 37000 38000 39055
Fiscal Expenditure (AUD Million) 52801.00 69100 67200 65000 63300 60000
Government Debt (AUD Million) 463654.00 475000 478000 480000 482000 483000

Taxes Actual Q4 Q1 Q2 Q3 2021
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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 5.00 -4 -5 -3 1 5
Manufacturing PMI (points) 56.30 54 53 52.5 52.3 52.5
Services PMI (points) 51.40 40 42 44 46 50.5
Industrial Production (%) 2.50 -3.3 -1.3 4.5 3.5 2
Industrial Production Mom (%) -0.10 -2 0.3 0.6 0.5 0.41
Manufacturing Production (%) 2.70 -3.5 -1.5 6.5 5 2.1
Capacity Utilization (%) 77.93 75 75 75.5 76 76.5
Bankruptcies (Companies) 298.00 450 500 530 560 590
Corporate Profits (AUD Million) 109606.00 98700 98000 97300 96900 97500
Total Vehicle Sales 81220.00 82000 85000 85000 87000 87000
Car Registrations (Thousand) 14504.15 10650 12850 12850 12850 12850
Leading Economic Index (%) 0.12 0.1 0.1 0.3 0.2 0.2
Small Business Sentiment -11.56 -5 -3 -1 1 1
Mining Production (%) 4.30 2.5 3.5 7 5 4.5
Industrial Sentiment (points) 56.10 55.7 55.3 55 55.1 55.3
Services Sentiment (points) 54.90 54.7 54.5 54.2 54.3 54.5
Private Investment (%) -3.00 1.5 1.1 -0.5 -0.3 0.9
Business Inventories (%) -3.00 0.4 0.3 0.5 0.4 0.5
Composite PMI (points) 54.70 54.5 54.3 54.1 54 54.3

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 107.70 105 100 102 102 103
Retail Sales MoM (%) 1.60 0.4 0.3 0.8 0.6 0.5
Retail Sales YoY (%) 2.30 -1.1 1 1.5 1.9 2.5
Consumer Spending (AUD Million) 233518.00 258250 259098 245894 242859 264189
Disposable Personal Income (AUD Million) 331505.00 306392 315334 349075 344765 313439
Personal Savings (%) 19.80 17 15 13 10 10
Consumer Credit (AUD Billion) 2975.98 2822 2921 3146 3095 2887
Private Sector Credit (%) 0.10 0.2 0.4 0.2 0.3 0.6
Households Debt To GDP (% of GDP) 119.40 124 125 125 125 126
Bank Lending Rate (%) 6.51 6.51 6.51 6.51 6.51 6.66
Gasoline Prices (USD/Liter) 0.87 0.88 0.74 0.7 0.67 0.83

Housing Actual Q4 Q1 Q2 Q3 2021
Building Permits (%) 15.40 1 1.7 2 2.2 2.5
New Home Sales (Units) 6121.00 5800 6000 6100 5950 5700
Housing Index (%) -1.80 1.6 1.8 2 2.3 2.1
Home Loans (AUD Million) 17259.60 13650 12900 13100 13350 13500
Home Ownership Rate (%) 65.00 64 64 64 64 64
Construction Output (%) -2.60 0.2 0.4 0.3 0.4 0.5
Construction PMI (points) 52.70 43 42 42 42 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.