Markets Actual Q3 Q4 Q1 Q2 2022
Currency 0.73 0.73 0.73 0.72 0.72 0.71
Stock Market (points) 7387.87 7224 7059 6898 6741 6437
Government Bond 10Y (%) 1.19 1.26 1.32 1.38 1.45 1.59

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.80 0.9 1.1 0.7 0.9 0.9
GDP Annual Growth Rate (%) 1.10 6.5 4.6 3.8 4 3
Unemployment Rate (%) 4.90 5 5 4.8 4.8 4.5
Inflation Rate (%) 3.80 2.8 2.4 2.3 1.8 2.1
Inflation Rate Mom (%) 0.80 0.3 0.4 0.5 0.6 0.6
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Balance of Trade (AUD Million) 9681.00 8000 -500 5000 6000 5500
Current Account (AUD Million ) 18283.00 5000 3500 2000 -2000 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 0.4 0.4 0.4
Government Debt to GDP (% of GDP) 24.80 40.4 40.4 40.4 40.4 42.8
Government Budget (% of GDP) -4.30 -5.6 -5.6 -5.6 -5.6 -4.2
Business Confidence (points) 11.00 19 15 10 11 10
Manufacturing PMI (points) 63.20 61 60 58 55 53
Services PMI (points) 57.80 58 56 54 52 51
Consumer Confidence (points) 108.80 109 103 100 100 98
Retail Sales MoM (%) -1.80 0.6 0.5 0.5 0.2 0.4
Building Permits (%) -7.10 2.2 2.5 2.5 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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.80 0.9 1.1 0.7 0.9 0.9
GDP Annual Growth Rate (%) 1.10 6.5 4.6 3.8 4 3
GDP (USD Billion) 1330.90 1370 1370 1450 1450 1450
GDP Constant Prices (AUD Million) 501065.00 503450 495098 514913 520105 530361
Gross National Product (AUD Million) 510848.00 498149 486146 518224 530260 533771
Gross Fixed Capital Formation (AUD Million) 115937.00 116000 118727 116000 120000 119000
GDP per capita (USD) 56307.28 56100 56100 56100 56100 57300
GDP per capita PPP (USD) 48697.84 49000 49000 49000 49000 49600
GDP From Agriculture (AUD Million) 12627.00 10207 11476 12841 13107 13226
GDP From Construction (AUD Million) 34574.00 35098 36584 34646 35888 35685
GDP From Manufacturing (AUD Million) 27893.00 28048 27701 28336 28953 29186
GDP From Mining (AUD Million) 49257.00 55089 38925 51181 51129 52716
GDP From Public Administration (AUD Million) 27926.00 30081 26224 29417 28987 30299
GDP From Utilities (AUD Million) 11529.00 12574 11930 12164 11967 12529

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.90 5 5 4.8 4.8 4.5
Employed Persons (Thousand ) 13154.23 13100 13000 13000 13000 12900
Unemployed Persons (Thousand ) 679.15 730 720 720 700 740
Part Time Employment (Persons) -22500.00 4000 12000 12000 10000 10500
Full Time Employment (Persons) 51600.00 23000 15000 15000 18000 18000
Employment Change (Persons) 29100.00 27000 27000 27000 27000 28500
Labor Force Participation Rate (%) 66.20 66 66.1 66.2 66.3 66.3
Youth Unemployment Rate (%) 10.23 11.1 11 11 11 11
Labour Costs (points) 102.10 105 114 114 114 110
Productivity (points) 103.00 102 102 102 102 102
Job Vacancies (Thousand) 362.50 218 226 240 280 226
Job Advertisements 211854.00 165000 163000 170000 175000 175000
Wages (AUD/Week) 1280.30 1318 1349 1349 1349 1349
Wages In Manufacturing (AUD/Week) 1458.00 1520 1520 1500 1500 1480
Wage Growth (%) 1.50 2.3 2.3 2 2 2.3
Minimum Wages (AUD/week) 772.60 772 772 790 790 790
Population (Million) 25.68 26.6 26.62 26.62 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 (%) 62.80 62.5 62.5 62.6 62.8 62.5

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.80 2.8 2.4 2.3 1.8 2.1
Inflation Rate Mom (%) 0.80 0.3 0.4 0.5 0.6 0.6
Consumer Price Index CPI (points) 118.80 119 120 121 121 123
Core Consumer Prices (points) 118.95 119 120 120 120 122
Core Inflation Rate (%) 1.60 1.4 1.4 1.4 1.2 1.8
Producer Prices (points) 113.60 113 113 114 115 116
Producer Prices Change (%) 2.20 1.5 1 1.5 1.3 1.9
Export Prices (points) 137.30 112 111 111 111 108
Import Prices (points) 108.10 114 112 112 112 111
Food Inflation (%) 0.70 2.1 2.1 2 2 2.3
Inflation Expectations (%) 3.70 4 3.6 3.5 3.5 3.6
CPI Housing Utilities (points) 121.30 125 124 124 123 126
CPI Transportation (points) 109.90 106 106 109 112 108

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Money Supply M1 (AUD Billion) 1484.51 1447 1452 1457 1463 1473
Central Bank Balance Sheet (AUD Million) 564169.00 490000 470000 450000 440000 370000
Banks Balance Sheet (AUD Billion) 5169.50 5000 4800 4700 4600 4500
Foreign Exchange Reserves (AUD Million) 64734.00 60000 61000 61000 60000 63000
Loans to Private Sector (AUD Billion) 1016.09 1055 1029 1040 1057 1060
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Private Debt to GDP (%) 211.77 215 215 220 220 220

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (AUD Million) 9681.00 8000 -500 5000 6000 5500
Current Account (AUD Million ) 18283.00 5000 3500 2000 -2000 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 0.4 0.4 0.4
Imports (AUD Million) 32552.00 35500 36000 36000 35000 36500
Exports (AUD Million) 42233.00 40500 41000 42000 41000 42000
External Debt (AUD Million) 2126051.00 2180000 2200000 2200000 2200000 2300000
Terms of Trade (points) 127.00 98.68 98.67 98.67 98.67 97.3
Foreign Direct Investment (AUD Million) 29274.00 48000 48000 48000 55000 55000
Capital Flows (AUD Million) -15363.00 6000 9000 9000 9000 9000
Tourist Arrivals 36190.00 30000 40000 80000 90000 100000
Gold Reserves (Tonnes) 79.85 72 70 75 75 80

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 24.80 40.4 40.4 40.4 40.4 42.8
Government Budget (% of GDP) -4.30 -5.6 -5.6 -5.6 -5.6 -4.2
Government Budget Value (AUD Million) 6809.00 -13600 -229 -229 -6000 -9000
Government Spending (AUD Million) 104151.00 111613 95781 109513 108109 112798
Government Revenues (AUD Million) 55260.00 41000 40000 40000 39000 38000
Fiscal Expenditure (AUD Million) 48451.00 45300 44000 43000 43000 47000
Government Spending To GDP (% of GDP) 27.70 28 28 28 28 27.2
Government Debt (AUD Million) 583023.00 609000 615000 615000 635000 615000

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 11.00 19 15 10 11 10
Manufacturing PMI (points) 63.20 61 60 58 55 53
Services PMI (points) 57.80 58 56 54 52 51
Industrial Production (%) -1.60 3.5 2 2 2 1.5
Industrial Production Mom (%) 1.20 0.5 0.5 0.5 0.3 0.41
Manufacturing Production (%) -0.50 5 2.1 1.5 0.8 1.3
Capacity Utilization (%) 83.89 84.7 85 85 86 81.7
Bankruptcies (Companies) 431.00 460 500 400 450 630
Corporate Profits (AUD Million) 110721.00 96900 97500 95500 90000 95700
Total Vehicle Sales (Units) 110664.00 75000 87000 88000 88000 87000
Car Registrations 23361.00 29850 21850 23000 29500 24000
Leading Economic Index (%) -0.07 0.2 0.2 0.2 0.2 0.2
Small Business Sentiment 15.90 5 5 8 8 2
Mining Production (%) -2.50 5 4.5 4.5 4.5 4.5
Industrial Sentiment (points) 56.80 60 58 56 55 54.5
Services Sentiment (points) 44.20 56 53 52 52 53.5
Private Investment (%) 6.30 -0.3 0.9 0.9 0.9 1.1
Business Inventories (%) 2.10 0.4 0.5 0.5 0.5 0.5
Composite PMI (points) 45.20 55 55 52 53 53.7

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 108.80 109 103 100 100 98
Retail Sales MoM (%) -1.80 0.6 0.5 0.5 0.2 0.4
Retail Sales YoY (%) 25.00 2.5 2.1 1.9 1.5 2.5
Consumer Spending (AUD Million) 268245.00 257022 280944 277236 278438 285553
Disposable Personal Income (AUD Million) 342480.00 330000 335000 330000 330000 320000
Personal Savings (%) 11.60 10 10 10 10 6
Consumer Credit (AUD Billion) 3088.77 3174 3141 3149 3212 3235
Private Sector Credit (%) 0.90 0.3 0.6 0.6 0.6 0.5
Households Debt To GDP (% of GDP) 123.50 124 124 125 126 126
Bank Lending Rate (%) 6.51 6.51 6.51 6.51 6.51 6.51
Gasoline Prices (USD/Liter) 1.09 1.04 0.98 0.93 0.89 0.84

Housing Actual Q3 Q4 Q1 Q2 2022
Building Permits (%) -7.10 2.2 2.5 2.5 2.5 3
New Home Sales (Units) 5841.00 5950 5700 5700 5800 5500
Housing Index (%) 5.40 3 2 1 1 2
Home Loans (AUD Million) 23437.40 22350 20500 19000 20000 19000
Home Ownership Rate (%) 65.00 64 64 64 64 64
Construction Output (%) 2.40 0.4 0.5 0.5 0.5 0.7
Construction PMI (points) 55.50 58 56 54 52 50


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.