Markets Actual Q1 Q2 Q3 Q4 2020
Currency 0.71 0.72 0.72 0.71 0.71 0.7
Stock Market (points) 6170.48 5819 5763 5708 5652 5544
Government Bond 10Y (%) 2.10 2.24 2.27 2.31 2.34 2.41
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.7 0.7 0.8 0.8 0.8
GDP Annual Growth Rate (%) 2.80 2.7 2.5 2.4 2.5 2.4
Unemployment Rate (%) 5.00 5.1 5.1 4.9 4.9 4.8
Inflation Rate (%) 1.80 1.9 1.9 2 2 2.2
Inflation Rate Mom (%) 0.50 0.4 0.5 0.44 0.6 1
Interest Rate (%) 1.50 1.5 1.5 1.25 1 1
Balance of Trade (AUD Million) 3681.00 3100 3100 3100 900 -500
Current Account to GDP (%) -3.10 -3 -3 -3 -3 -2.9
Government Debt to GDP (%) 41.90 41 41 41 41 38
Government Budget (% of GDP) -1.90 -0.8 -0.8 -0.8 -0.8 -0.3
Business Confidence (Index Points) 4.00 9 5.5 6 7 6
Manufacturing PMI 52.50 56.2 55.8 54.37 53.2 52
Services PMI (Index Points) 44.30 53.5 53.87 53.87 51.2 52.2
Consumer Confidence (Index Points) 103.80 105 104 102 100 104
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 2020
GDP Growth Rate (%) 0.30 0.7 0.7 0.8 0.8 0.8
GDP Annual Growth Rate (%) 2.80 2.7 2.5 2.4 2.5 2.4
GDP (USD Billion) 1323.42 1580 1580 1580 1580 1720
GDP Constant Prices (AUD Million) 460827.00 461737 465410 466357 472348 483684
Gross National Product (AUD Million) 447653.00 450623 452297 453025 458844 469857
Gross Fixed Capital Formation (AUD Million) 111181.00 112000 113000 113000 114000 117000
GDP per capita (USD) 55925.93 56890 56890 56890 56890 57160
GDP per capita PPP (USD) 44648.71 45500 45500 45500 45500 46000
GDP From Agriculture (AUD Million) 11101.00 11351 11426 11234 11379 11652
GDP From Construction (AUD Million) 35037.00 36133 36710 35878 35913 36775
GDP From Manufacturing (AUD Million) 26179.00 26969 26688 26493 26833 27477
GDP From Mining (AUD Million) 35800.00 36376 37014 36659 36695 37576
GDP From Public Administration (AUD Million) 23769.00 23988 24115 24339 24363 24948
GDP From Utilities (AUD Million) 11189.00 11303 11387 11323 11469 11744
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.00 5.1 5.1 4.9 4.9 4.8
Employed Persons (Thousand ) 12751.81 12820 12900 12910 13120 13500
Labor Force Participation Rate (%) 65.70 65.8 65.7 65.58 65.7 66
Youth Unemployment Rate (%) 11.50 12.8 12.2 12.2 12.5 13
Wages (AUD/Week) 1207.40 1230 1230 1230 1250 1300
Wages In Manufacturing (AUD/Week) 1304.50 1350 1350 1338 1370 1400
Wage Growth (%) 2.30 2.4 2.35 2.27 3.2 3.3
Minimum Wages (AUD/week) 719.20 740 740 740 740 760
Population (Million) 24.70 25.4 25.5 25.32 25.27 25.84
Living Wage Family (AUD/Month) 2790.00 3600 2822 2825 3500 3600
Wages Low Skilled (AUD/Month) 2710.00 2506 2700 2703 2481 2506
Wages High Skilled (AUD/Month) 6120.00 6200 6151 6144 6200 6300
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.80 1.9 1.9 2 2 2.2
Inflation Rate Mom (%) 0.50 0.4 0.5 0.44 0.6 1
Consumer Price Index CPI (Index Points) 114.10 115 116 116 116 119
Core Consumer Prices (Index Points) 115.03 116 116 117 117 119
Core Inflation Rate (%) 1.80 1.8 1.8 1.9 2.1 2.1
Producer Prices (Index Points) 110.80 111 111 113 112 114
Producer Prices Change (%) 2.00 1.7 1.8 2.12 1.6 1.9
Food Inflation (%) 1.50 1.4 1.5 1.3 1.7 2
Inflation Expectations (%) 3.70 4.1 4 3.79 4 3.9
CPI Housing Utilities (Index Points) 121.60 123 124 124 124 127
CPI Transportation (Index Points) 105.60 106 108 109 109 111
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.50 1.5 1.5 1.25 1 1
Interbank Rate (%) 2.20 2.24 2.24 2.24 2.24 2.24
Banks Balance Sheet (AUD Billion) 4278.05 4050 4060 4391 4080 4100
Deposit Interest Rate (%) 1.85 1.9 1.9 1.9 1.9 1.9
Private Debt to GDP (%) 205.50 196 196 196 196 191
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (AUD Million) 3681.00 3100 3100 3100 900 -500
Current Account to GDP (%) -3.10 -3 -3 -3 -3 -2.9
Terms of Trade (Index Points) 92.70 88.36 87.9 87.82 88.45 90.91
Tourist Arrivals 802200.00 785600 780800 706900 1050200 1080400
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 41.90 41 41 41 41 38
Government Budget (% of GDP) -1.90 -0.8 -0.8 -0.8 -0.8 -0.3
Government Budget Value (AUD Million) -292.00 -4507 -1555 -3287 -782 -295
Government Spending (AUD Million) 87057.00 88170 88800 89146 89233 91375
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 4.00 9 5.5 6 7 6
Manufacturing PMI 52.50 56.2 55.8 54.37 53.2 52
Services PMI (Index Points) 44.30 53.5 53.87 53.87 51.2 52.2
Car Registrations (Thousand) 14078.61 14260 14260 14260 14260 14350
Leading Economic Index (%) -0.01 0 -0.2 0 0 0.1
Business Inventories (%) 0.00 0.6 0.2 0.4 0.5 0.4
Composite Pmi (Index Points) 51.50 53.5 53.8 52.7 56 56.5
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 103.80 105 104 102 100 104
Retail Sales YoY (%) 3.20 3.92 3.97 4.02 2.9 2.6
Consumer Spending (AUD Million) 260656.00 261226 263204 263784 263299 269618
Bank Lending Rate (%) 8.66 8.65 8.65 8.65 8.65 8.65
Gasoline Prices (USD/Liter) 0.94 0.93 0.9 0.88 0.86 0.86
Housing Actual Q1 Q2 Q3 Q4 2020
New Home Sales (Units) 4622.00 4900 5371 5369 5490 5550
Housing Index (%) -1.50 -0.4 -0.57 -0.54 0.5 2.1
Construction Output (%) -2.80 0.6 0.45 1.33 1 0.2
Construction Pmi (Index Points) 43.10 46.6 45 47 51 50
Home Ownership Rate (%) 65.00 63.5 63.5 64.38 63.5 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.