Markets Actual Q2 Q3 Q4 Q1 2021
Currency 0.65 0.65 0.65 0.64 0.64 0.63
Stock Market (points) 5615.60 5505 5406 5309 5213 5021
Government Bond 10Y (%) 0.87 0.91 0.95 0.99 1.03 1.12

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.50 -8 -0.6 0.6 0.7 0.9
GDP Annual Growth Rate (%) 2.20 -9 -6 -5 1.1 1.5
Unemployment Rate (%) 6.20 10 10.5 9.5 9 8
Inflation Rate (%) 2.20 0.4 0.3 0.3 1.8 1.9
Inflation Rate Mom (%) 0.30 -0.9 0.4 0.5 0.6 0.7
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Balance of Trade (AUD Million) 10602.00 3500 3200 -500 1500 -500
Current Account (AUD Million ) 955.00 -5000 -3000 -3900 -2800 -5000
Current Account to GDP (%) 0.20 -1.5 -1.5 -1.5 -1.7 -1.7
Government Debt to GDP (%) 45.10 50 50 50 49 49
Government Budget (% of GDP) -0.20 -4.5 -4.5 -4.5 -3.5 -3.5
Business Confidence (points) -46.00 -30 -20 -16 -12 -5
Manufacturing PMI (points) 35.80 33 40 42 44 49
Services PMI (points) 27.10 30 38 45 47 50.5
Consumer Confidence (points) 88.10 90 92 94 96 97
Retail Sales MoM (%) 8.50 -1.5 0.2 0.4 0.3 0.5
Building Permits (%) -4.00 -8 -3.5 1 1.7 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 Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.50 -8 -0.6 0.6 0.7 0.9
GDP Annual Growth Rate (%) 2.20 -9 -6 -5 1.1 1.5
GDP (USD Billion) 1450.00 1480 1480 1480 1520 1520
GDP Constant Prices (AUD Million) 480379.00 453857 463527 456360 485663 463205
Gross National Product (AUD Million) 472070.00 449424 460816 448467 477263 455193
Gross Fixed Capital Formation (AUD Million) 109651.00 105000 107000 104000 111000 106000
GDP per capita (USD) 56919.40 57990 57990 57990 58450 58450
GDP per capita PPP (USD) 45439.30 46400 46400 46400 45380 46800
GDP From Agriculture (AUD Million) 9826.00 9708 9496 9335 9934 9475
GDP From Construction (AUD Million) 33085.00 32112 32844 31431 33449 31902
GDP From Manufacturing (AUD Million) 26442.00 24842 25075 25120 26733 25497
GDP From Mining (AUD Million) 42615.00 39538 40703 40484 43084 41092
GDP From Public Administration (AUD Million) 25533.00 23826 24522 24256 25814 24620
GDP From Utilities (AUD Million) 11532.00 11035 11172 10955 11659 11120

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 6.20 10 10.5 9.5 9 8
Employed Persons (Thousand ) 12418.71 12000 11600 11800 11900 12500
Unemployed Persons (Thousand ) 823.28 910 1200 990 910 880
Part Time Employment (Persons) -373766.00 -25000 -15000 3400 4000 21000
Full Time Employment (Persons) -220500.00 -45000 -60000 -30000 20000 5000
Employment Change (Persons) -594300.00 -65000 -75000 -26600 24000 26000
Labor Force Participation Rate (%) 63.50 63.5 64.5 65 66 66.1
Youth Unemployment Rate (%) 13.80 16.5 18.5 17.5 17 15
Labour Costs (points) 104.70 105 107 107 107 110
Productivity (points) 100.20 101 101 101 101 101
Job Vacancies (Thousand) 226.50 237 235 235 235 237
Job Advertisements 63806.00 120000 136000 150000 150500 151000
Wages (AUD/Week) 1257.00 1263 1267 1287 1286 1317
Wages In Manufacturing (AUD/Week) 1350.60 1365 1370 1383 1382 1415
Wage Growth (%) 2.10 2 2.4 2.4 2.3 2.3
Minimum Wages (AUD/week) 740.80 760 760 760 760 780
Population (Million) 25.60 25.9 26.1 26.14 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
Living Wage Family (AUD/Month) 2790.00 2846 2856 2857 2854 2923
Living Wage Individual (AUD/Month) 1770.00 1805 1812 1812 1811 1854
Employment Rate (%) 59.60 58 56.5 57.5 58 60.5
Wages Low Skilled (AUD/Month) 2710.00 2764 2774 2775 2772 2839
Wages High Skilled (AUD/Month) 6120.00 6242 6264 6267 6261 6411

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 2.20 0.4 0.3 0.3 1.8 1.9
Inflation Rate Mom (%) 0.30 -0.9 0.4 0.5 0.6 0.7
Consumer Price Index CPI (points) 116.60 115 116 117 118 119
Core Consumer Prices (points) 117.22 117 117 118 119 120
Core Inflation Rate (%) 1.80 1 0.8 0.8 1.8 1.9
Producer Prices (points) 112.60 113 113 115 114 117
Producer Prices Change (%) 1.30 1 0.8 1 1.6 2.3
Export Prices (points) 111.70 108 110 113 113 111
Import Prices (points) 113.10 116 114 114 114 110
Food Inflation (%) 3.20 1.9 1.8 1.8 2.1 2.1
Inflation Expectations (%) 3.40 4 3.6 3.9 4 4
CPI Housing Utilities (points) 122.30 122 122 122 124 125
CPI Transportation (points) 106.50 108 107 109 111 111

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Money Supply M1 (AUD Billion) 1189.19 372 372 372 372 382
Foreign Exchange Reserves (AUD Million) 63221.00 75000 73000 72000 72000 75000
Banks Balance Sheet (AUD Billion) 5510.55 4650 4700 4600 4650 4500
Deposit Interest Rate (%) 0.90 1.15 1.15 1.35 1.15 1.85
Private Debt to GDP (%) 205.30 204 204 204 204 202

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (AUD Million) 10602.00 3500 3200 -500 1500 -500
Current Account (AUD Million ) 955.00 -5000 -3000 -3900 -2800 -5000
Current Account to GDP (%) 0.20 -1.5 -1.5 -1.5 -1.7 -1.7
Imports (AUD Million) 31815.00 35500 36300 35000 34500 36000
Exports (AUD Million) 42417.00 38000 39500 40500 36000 41000
External Debt (AUD Million) 2172006.00 2100466 2179000 2179000 2179000 2213174
Terms of Trade (points) 98.80 93.1 96.49 99.12 99.56 101
Capital Flows (AUD Million) -1833.00 12800 13100 13100 13100 12685
Foreign Direct Investment (AUD Million) 52011.00 81000 81000 81000 81000 90000
Tourist Arrivals 331900.00 500000 550000 680000 700000 1000000
Gold Reserves (Tonnes) 68.74 67.34 67.34 67.34 67.34 67.34

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 45.10 50 50 50 49 49
Government Budget (% of GDP) -0.20 -4.5 -4.5 -4.5 -3.5 -3.5
Government Budget Value (AUD Million) -9814.00 -700 -500 -500 -500 -295
Government Spending (AUD Million) 94271.00 88449 90803 89557 95308 90901
Government Revenues (AUD Million) 37753.00 38700 37600 37600 37600 39055
Fiscal Expenditure (AUD Million) 47567.00 39400 38100 38100 38100 39350
Government Debt (AUD Million) 424164.00 439000 441000 450000 451000 455000

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) -46.00 -30 -20 -16 -12 -5
Manufacturing PMI (points) 35.80 33 40 42 44 49
Services PMI (points) 27.10 30 38 45 47 50.5
Industrial Production (%) 3.80 -6 -7.5 -3.3 -1.3 0.7
Industrial Production Mom (%) 1.50 -1.4 -3.5 -2 0.3 0.41
Manufacturing Production (%) 0.10 -5 -7.5 -3.5 -1.5 0.8
Bankruptcies (Companies) 683.00 670 710 560 650 590
Corporate Profits (AUD Million) 94066.00 1.3 94000 91500 91500 90500
Total Vehicle Sales 38926.00 60000 70000 82000 90000 85000
Car Registrations (Thousand) 14504.15 14650 14650 14650 14850 14850
Leading Economic Index (%) -1.50 -0.5 0 0.1 0.1 0.2
Small Business Sentiment -4.93 -2 -1 -1 1 1
Mining Production (%) 8.00 -5 -8 2.5 3.5 4.5
Industrial Sentiment (points) 42.80 44.5 48 49 50 50.5
Services Sentiment (points) 25.50 27 35 41 48 50.5
Private Investment (%) -2.80 1 1.3 1.3 1.1 1.13
Business Inventories (%) 0.30 0.3 0.3 0.4 0.3 0.5
Composite Pmi (points) 26.40 28 40.5 44 47 50.5

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 88.10 90 92 94 96 97
Retail Sales MoM (%) 8.50 -1.5 0.2 0.4 0.3 0.5
Retail Sales YoY (%) 2.30 -2.1 -1.5 -1.1 1 2.8
Consumer Spending (AUD Million) 268845.00 255366 259739 255403 271802 259234
Disposable Personal Income (AUD Million) 319158.00 296797 310691 303200 322669 307748
Personal Savings (%) 3.60 1.9 1.7 2 2 1.6
Consumer Credit (AUD Billion) 2994.31 2703 2825 2790 2995 2831
Private Sector Credit (%) 1.10 0.3 0.4 0.2 0.4 0.6
Households Debt To GDP (% of GDP) 119.50 125 124 124 124 126
Bank Lending Rate (%) 7.92 7.92 7.92 7.92 7.92 7.92
Gasoline Prices (USD/Liter) 0.65 0.91 0.87 0.82 0.78 0.74

Housing Actual Q2 Q3 Q4 Q1 2021
Building Permits (%) -4.00 -8 -3.5 1 1.7 2.5
New Home Sales (Units) 3849.00 4100 4300 4400 4500 4900
Housing Index (%) 3.90 1.3 0.8 2.1 2.1 2.1
Home Loans 19444.50 19200 19500 19800 20100 20900
Home Ownership Rate (%) 65.00 64 64 64 64 64
Construction Output (%) -3.00 0.6 0.2 0.2 0.4 0.5
Construction Pmi (points) 21.60 30 38 40 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.