Markets Actual Q4 Q1 Q2 Q3 2020
Currency 0.72 0.71 0.71 0.7 0.7 0.68
Stock Market (points) 5595.80 6121 6078 6035 5992 5823
Government Bond 10Y (%) 2.44 2.71 2.75 2.79 2.83 3
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.30 0.6 0.7 0.7 0.8 0.8
GDP Annual Growth Rate (%) 2.80 3 2.7 2.5 2.4 2.4
Unemployment Rate (%) 5.00 5.2 5.3 5.1 5 5.3
Inflation Rate (%) 1.90 2.1 2.2 2.3 2.2 2.4
Inflation Rate Mom (%) 0.40 0.4 0.4 0.5 0.44 1
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 2
Balance of Trade (AUD Million) 2316.00 2000 3088 3099 3101 -500
Current Account to GDP (%) -3.10 -2.6 -3 -3 -3 -3.3
Government Debt to GDP (%) 41.90 42.5 41 41 41 38
Government Budget (% of GDP) -1.90 -1.2 -0.8 -0.8 -0.8 -0.3
Business Confidence (Index Points) 3.00 10 9 5.51 5.73 6
Manufacturing PMI 51.30 57.1 56.2 55.8 54.37 52
Services PMI (Index Points) 55.10 55 53.5 53.87 53.87 52.2
Consumer Confidence (Index Points) 104.40 104 99 104 104 104
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 2020
GDP Growth Rate (%) 0.30 0.6 0.7 0.7 0.8 0.8
GDP Annual Growth Rate (%) 2.80 3 2.7 2.5 2.4 2.4
GDP (USD Billion) 1323.42 1450 1580 1580 1580 1720
GDP Constant Prices (AUD Million) 460827.00 446186 449989 452991 452549 468317
Gross National Product (AUD Million) 447653.00 444656 452438 453218 452776 466711
Gross Fixed Capital Formation (AUD Million) 111181.00 112000 113000 113000 113000 117000
GDP per capita (USD) 55925.93 56220 56890 56890 56890 57160
GDP per capita PPP (USD) 44648.71 45100 45500 45500 45500 46000
GDP From Agriculture (AUD Million) 11101.00 10699 10600 10662 10652 11229
GDP From Construction (AUD Million) 35037.00 33840 33751 34341 34307 35518
GDP From Manufacturing (AUD Million) 26179.00 26095 26621 26159 26134 27389
GDP From Mining (AUD Million) 35800.00 26153 27048 27414 27387 27450
GDP From Public Administration (AUD Million) 23769.00 24396 24742 24851 24827 25606
GDP From Utilities (AUD Million) 11189.00 10778 10790 10902 10891 11313
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 5.00 5.2 5.3 5.1 5 5.3
Employed Persons (Thousand ) 12671.54 12710 12820 12900 12910 13500
Labor Force Participation Rate (%) 65.60 65.6 65.8 65.7 65.58 66
Youth Unemployment Rate (%) 11.30 12 12.8 12.2 12.2 13
Wages (AUD/Week) 1207.40 1210 1230 1230 1230 1300
Wages In Manufacturing (AUD/Week) 1304.50 1310 1350 1350 1338 1400
Wage Growth (%) 2.30 2.4 2.4 2.35 2.27 3.3
Minimum Wages (AUD/week) 719.20 719 740 740 740 760
Population (Million) 24.70 25.3 25.4 25.5 25.32 26
Living Wage Family (AUD/Month) 2790.00 3500 3600 2822 2825 3600
Wages Low Skilled (AUD/Month) 2710.00 2481 2506 2700 2703 2506
Wages High Skilled (AUD/Month) 6120.00 6200 6200 6151 6144 6300
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.90 2.1 2.2 2.3 2.2 2.4
Inflation Rate Mom (%) 0.40 0.4 0.4 0.5 0.44 1
Consumer Price Index CPI (Index Points) 113.50 114 115 116 116 120
Core Consumer Prices (Index Points) 114.60 115 116 116 117 120
Core Inflation Rate (%) 1.80 1.9 1.8 1.8 1.9 2.1
Producer Prices (Index Points) 110.30 111 111 111 113 115
Producer Prices Change (%) 2.10 1.9 1.7 1.8 2.12 1.9
Food Inflation (%) 1.60 1.5 1.4 1.5 1.3 2
Inflation Expectations (%) 4.00 3.9 4.1 4 3.79 3.9
CPI Housing Utilities (Index Points) 121.30 122 123 124 124 128
CPI Transportation (Index Points) 106.30 105 106 108 109 110
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 2
Interbank Rate (%) 2.24 2.49 2.49 2.49 2.49 2.99
Banks Balance Sheet (AUD Billion) 4278.05 4075 4050 4060 4391 4100
Deposit Interest Rate (%) 1.90 1.9 1.9 1.9 1.9 2.4
Private Debt to GDP (%) 205.50 200 196 196 196 191
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (AUD Million) 2316.00 2000 3088 3099 3101 -500
Current Account to GDP (%) -3.10 -2.6 -3 -3 -3 -3.3
Terms of Trade (Index Points) 89.30 89.04 88.36 87.9 87.82 90.76
Tourist Arrivals 690200.00 1022100 785600 780800 706900 1080400
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 41.90 42.5 41 41 41 38
Government Budget (% of GDP) -1.90 -1.2 -0.8 -0.8 -0.8 -0.3
Government Budget Value (AUD Million) 999.00 -2483 -4507 -1555 -3287 -229
Government Spending (AUD Million) 87057.00 85840 86996 87707 87622 90098
Government Spending To GDP (%) 36.20 36.2 36.2 36.2 36.2 36.2
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 3.00 10 9 5.51 5.73 6
Manufacturing PMI 51.30 57.1 56.2 55.8 54.37 52
Services PMI (Index Points) 55.10 55 53.5 53.87 53.87 52.2
Car Registrations (Thousand) 14078.61 14200 14260 14260 14505 14350
Leading Economic Index (%) 0.10 0.1 0 -0.2 0 0.1
Business Inventories (%) 0.00 0.3 0.6 0.2 0.4 0.4
Composite Pmi (Index Points) 52.40 53.9 53.5 53.8 52.72 56.5
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 104.40 104 99 104 104 104
Retail Sales YoY (%) 3.50 2.3 3.92 3.97 4.02 2.6
Consumer Spending (AUD Million) 260656.00 257852 258252 259852 264643 268000
Bank Lending Rate (%) 8.65 8.65 8.65 8.65 8.65 9.15
Gasoline Prices (USD/Liter) 0.99 1.12 1.1 1.08 1.06 0.99
Housing Actual Q4 Q1 Q2 Q3 2020
New Home Sales 4782.40 5000 4900 5371 5369 5550
Housing Index (%) -1.50 -1.5 -0.4 -0.57 -0.54 2.1
Home Ownership Rate (%) 65.00 64 63.5 63.5 64.38 64
Construction Output (%) -2.80 1.5 0.6 0.45 1.33 0.2
Construction Pmi (Index Points) 44.50 56 55.6 54 47.06 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.