Markets Actual Q1 Q2 Q3 Q4 2020
Currency 0.68 0.69 0.69 0.68 0.68 0.67
Stock Market (points) 7066.30 6679 6619 6559 6500 6384
Government Bond 10Y (%) 1.14 1.28 1.33 1.38 1.44 1.56
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.4 0.5 0.7 0.9 0.9
GDP Annual Growth Rate (%) 1.70 2 2.1 2.2 2.2 2.5
Unemployment Rate (%) 5.20 5.4 5.5 5.5 5.5 5.7
Inflation Rate (%) 1.70 2.1 2 2 1.9 1.9
Inflation Rate Mom (%) 0.50 0.4 0.4 0.5 0.5 0.7
Interest Rate (%) 0.75 0.5 0.5 0.25 0.25 0.75
Balance of Trade (AUD Million) 5800.00 1600 2000 3200 -500 -500
Current Account (AUD Million ) 7855.00 -1000 2000 -3000 -3900 -5000
Current Account to GDP (%) -1.50 -1.5 -1.5 -1.5 -1.5 -1.7
Government Debt to GDP (%) 40.70 42 42 42 42 41
Government Budget (% of GDP) -0.60 -0.3 -0.3 -0.3 -0.3 -0.1
Business Confidence (points) 0.00 5 6 5 6 7
Manufacturing PMI (points) 48.30 53.6 53.8 54 54 54
Services PMI (points) 48.70 51.6 52 52.5 52.2 53
Consumer Confidence (points) 95.10 98 100 102 102 106
Retail Sales MoM (%) 0.90 0.1 0.3 0.2 0.4 0.4
Building Permits (%) 11.80 1 1.5 1.8 2 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.4 0.5 0.7 0.9 0.9
GDP Annual Growth Rate (%) 1.70 2 2.1 2.2 2.2 2.5
GDP (USD Billion) 1432.20 1650 1650 1650 1650 1720
GDP Constant Prices (AUD Million) 477294.00 477026 480198 482544 487794 499989
Gross National Product (AUD Million) 474787.00 469209 475503 480010 485232 497363
Gross Fixed Capital Formation (AUD Million) 109237.00 112000 111000 110000 112000 114000
GDP per capita (USD) 56919.40 57990 57990 57990 57990 58450
GDP per capita PPP (USD) 45439.30 46400 46400 46400 46400 46800
GDP From Agriculture (AUD Million) 9841.00 10180 10163 9949 10058 10309
GDP From Construction (AUD Million) 33758.00 34369 33957 34129 34501 35363
GDP From Manufacturing (AUD Million) 25840.00 26570 26259 26124 26408 27069
GDP From Mining (AUD Million) 41963.00 40606 42110 42425 42886 43958
GDP From Public Administration (AUD Million) 25206.00 24692 25180 25483 25761 26405
GDP From Utilities (AUD Million) 11521.00 11760 11671 11648 11774 12069
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.20 5.4 5.5 5.5 5.5 5.7
Employed Persons (Thousand ) 12954.44 13120 13200 13180 13500 13700
Unemployed Persons (Thousand ) 708.10 730 720 710 700 680
Part Time Employment (Persons) 35698.00 26000 14000 10000 23000 21000
Full Time Employment (Persons) 4158.00 12000 10000 12000 12000 14184
Employment Change (Persons) 39856.00 15200 24000 17000 15600 15600
Labor Force Participation Rate (%) 66.00 66 66.1 65.9 66 66.1
Youth Unemployment Rate (%) 11.50 11.3 11.2 11.5 11.1 12
Productivity (points) 100.10 101 101 101 101 101
Labour Costs (points) 104.20 105 106 107 107 109
Job Vacancies (Thousand) 237.10 241 237 235 235 237
Job Advertisements 142569.00 161000 157000 156000 155000 151000
Wages (AUD/Week) 1237.90 1253 1266 1267 1268 1297
Wage Growth (%) 2.20 2.3 2.3 2.4 2.4 2.3
Minimum Wages (AUD/week) 740.80 760 760 760 760 780
Wages In Manufacturing (AUD/Week) 1338.30 1371 1369 1370 1370 1402
Population (Million) 25.18 25.84 25.9 26.1 26.14 26.62
Retirement Age Women 65.50 66 66 66 66 66
Retirement Age Men 65.50 66 66 66 66 66
Living Wage Family (AUD/Month) 2790.00 2853 2853 2855 2857 2923
Living Wage Individual (AUD/Month) 1770.00 1810 1810 1811 1812 1854
Wages High Skilled (AUD/Month) 6120.00 6259 6259 6263 6267 6411
Employment Rate (%) 62.60 62.4 62.3 62.2 62.2 62.39
Wages Low Skilled (AUD/Month) 2710.00 2771 2771 2773 2775 2839
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.70 2.1 2 2 1.9 1.9
Inflation Rate Mom (%) 0.50 0.4 0.4 0.5 0.5 0.7
Consumer Price Index CPI (points) 115.40 116 117 118 118 120
Core Consumer Prices (points) 116.16 118 118 118 118 121
Core Inflation Rate (%) 1.60 2 1.9 1.8 1.9 1.9
Producer Prices (points) 112.10 113 114 115 114 117
Producer Prices Change (%) 1.60 2 2.1 2.2 2.1 2.3
Export Prices (points) 114.80 118 115 110 118 105
Import Prices (points) 113.50 120 116 114 114 110
Food Inflation (%) 2.30 1.8 1.8 1.9 2 2.1
Inflation Expectations (%) 4.00 3.8 3.6 3.3 3.9 3.9
CPI Housing Utilities (points) 121.80 124 124 124 124 126
CPI Transportation (points) 107.00 106 109 109 109 111
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.75 0.5 0.5 0.25 0.25 0.75
Interbank Rate (%) 1.22 1.22 1.47 1.47 1.47 1.47
Money Supply M1 (AUD Billion) 1057.77 365 372 372 372 382
Banks Balance Sheet (AUD Billion) 4806.76 4700 4650 4700 4600 4600
Foreign Exchange Reserves (AUD Million) 83844.00 66000 75000 73000 72000 75000
Deposit Interest Rate (%) 1.30 1.35 1.3 1.55 1.35 1.85
Private Debt to GDP (%) 205.30 204 204 204 204 202
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (AUD Million) 5800.00 1600 2000 3200 -500 -500
Current Account (AUD Million ) 7855.00 -1000 2000 -3000 -3900 -5000
Current Account to GDP (%) -1.50 -1.5 -1.5 -1.5 -1.5 -1.7
Imports (AUD Million) 35093.00 33500 36000 36300 35000 36000
Exports (AUD Million) 40893.00 35100 38000 39500 34500 37000
External Debt (AUD Million) 2189706.00 2100466 2161303 2179000 2179000 2213174
Terms of Trade (points) 101.10 98.33 99.14 96.49 104 95.45
Foreign Direct Investment (AUD Million) 80891.00 81000 81000 81000 81000 90000
Capital Flows (AUD Million) -7893.00 12526 12800 13100 13100 12685
Tourist Arrivals 815900.00 852000 700500 750000 1080400 1100400
Gold Reserves (Tonnes) 68.74 67.34 67.34 67.34 67.34 67.34
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 40.70 42 42 42 42 41
Government Budget (% of GDP) -0.60 -0.3 -0.3 -0.3 -0.3 -0.1
Government Budget Value (AUD Million) 4749.00 -1555 -700 -500 -1027 -295
Government Spending (AUD Million) 93553.00 91345 93710 94582 95611 98001
Government Revenues (AUD Million) 44122.00 37748 38700 37600 37600 39055
Fiscal Expenditure (AUD Million) 39373.00 39302 39400 38100 38100 39350
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) 0.00 5 6 5 6 7
Manufacturing PMI (points) 48.30 53.6 53.8 54 54 54
Services PMI (points) 48.70 51.6 52 52.5 52.2 53
Industrial Production (%) 1.90 2.6 2.8 2.7 2.8 2.8
Industrial Production Mom (%) 1.20 0.59 0.4 0.6 0.6 0.41
Manufacturing Production (%) -3.10 1.1 1.4 1.6 1.5 1.5
Bankruptcies (Companies) 748.00 690 670 710 560 590
Corporate Profits (AUD Million) 97460.00 93500 97000 94000 91500 90500
Total Vehicle Sales 84239.00 92800 110000 89000 85000 88000
Car Registrations (Thousand) 14330.43 14350 14350 14350 14350 14550
Leading Economic Index (%) -0.09 -0.1 0.1 0 0.1 0.2
Small Business Sentiment 1.21 4 -0.31 -1 -1 0.09
Industrial Sentiment (points) 49.20 50.1 51.8 52.2 52 53.5
Mining Production (%) 6.50 5.1 4.8 4.6 4.8 4.8
Private Investment (%) -0.20 0.8 1 1.3 1.3 1.13
Services Sentiment (points) 49.80 50.6 51 51.4 51.7 52.5
Business Inventories (%) -0.40 0.5 0.5 0.3 0.4 0.4
Composite Pmi (points) 49.60 51 52.7 53.5 52.5 54
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 95.10 98 100 102 102 106
Retail Sales MoM (%) 0.90 0.1 0.3 0.2 0.4 0.4
Retail Sales YoY (%) 2.90 2.7 3 2.8 2.6 2.8
Consumer Spending (AUD Million) 267716.00 269165 270228 270661 273606 280446
Disposable Personal Income (AUD Million) 320300.00 313047 314045 323823 327347 335530
Personal Savings (%) 4.80 2.1 1.9 1.7 2 1.6
Consumer Credit (AUD Billion) 2925.66 2855 2860 2945 2990 3065
Private Sector Credit (%) 0.10 0.4 0.3 0.4 0.4 0.6
Bank Lending Rate (%) 7.92 7.92 8.17 8.17 8.17 8.17
Households Debt To GDP (% of GDP) 119.30 125 125 124 124 126
Gasoline Prices (USD/Liter) 1.02 1.14 1.17 1.2 1.23 1.23
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits (%) 11.80 1 1.5 1.8 2 2.5
New Home Sales (Units) 4374.00 4450 4400 4500 4850 5650
Housing Index (%) 2.40 1 1.3 0.8 2.1 2.1
Construction Output (%) -0.40 1.1 0.6 0.2 0.2 0.2
Construction Pmi (points) 38.90 46.5 48.5 49.3 50 52
Home Loans 18593.60 46800 47100 47700 47900 49300
Home Ownership Rate (%) 65.00 64 64 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.