Markets Actual Q3 Q4 Q1 Q2 2020
Currency 0.68 0.68 0.68 0.68 0.67 0.66
Stock Market (points) 6738.46 6607 6541 6475 6411 6283
Government Bond 10Y (%) 1.06 1.21 1.25 1.28 1.32 1.4
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.50 0.7 0.8 0.3 0.5 0.9
GDP Annual Growth Rate (%) 1.40 1.8 2.1 2.4 2.3 2.4
Unemployment Rate (%) 5.30 5 5.2 5.1 5 4.9
Inflation Rate (%) 1.60 1.7 1.8 2.1 2.2 2
Inflation Rate Mom (%) 0.60 0.4 0.6 0.5 0.6 1
Interest Rate (%) 1.00 1 0.75 0.5 0.5 0.5
Balance of Trade (AUD Million) 7268.00 7100 5600 1600 2000 -500
Current Account to GDP (%) -1.50 -3 -3 -2.9 -2.9 -2.9
Government Debt to GDP (%) 40.70 41 41 38 38 38
Government Budget (% of GDP) -0.60 -0.8 -0.8 -0.3 -0.3 -0.3
Business Confidence (Index Points) 1.00 2 5 8 6 6
Manufacturing PMI 53.10 52 53.2 53.6 53.8 54
Services PMI (Index Points) 51.40 51.8 51.2 51.6 52 52.2
Consumer Confidence (Index Points) 98.20 98 100 103 102 104
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 2020
GDP Growth Rate (%) 0.50 0.7 0.8 0.3 0.5 0.9
GDP Annual Growth Rate (%) 1.40 1.8 2.1 2.4 2.3 2.4
GDP (USD Billion) 1432.20 1580 1580 1650 1650 1650
GDP Constant Prices (AUD Million) 465885.00 468908 470950 474781 476600 482252
Gross National Product (AUD Million) 464323.00 456299 462776 469805 475002 473883
Gross Fixed Capital Formation (AUD Million) 107275.00 114000 113000 112000 110000 115000
GDP per capita (USD) 56919.40 57520 57520 57990 57990 57990
GDP per capita PPP (USD) 45439.30 45900 45900 46400 46400 46400
GDP From Agriculture (AUD Million) 10618.00 11600 11038 11107 10862 11303
GDP From Construction (AUD Million) 33319.00 35422 34796 34592 34085 35631
GDP From Manufacturing (AUD Million) 25618.00 26597 26495 26610 26207 27131
GDP From Mining (AUD Million) 37875.00 36324 36992 37503 38746 37880
GDP From Public Administration (AUD Million) 24676.00 24183 24698 24813 25244 25291
GDP From Utilities (AUD Million) 11176.00 11482 11376 11479 11433 11649
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.30 5 5.2 5.1 5 4.9
Employed Persons (Thousand ) 12926.89 12900 13120 13120 13200 13500
Unemployed Persons (Thousand ) 716.78 713 720 730 720 700
Part Time Employment (Persons) 50188.00 20000 22000 26000 14000 23000
Full Time Employment (Persons) -15536.00 14300 -6800 12000 10000 14184
Labor Force Participation Rate (%) 66.20 66.1 65.9 65.6 65.7 66
Youth Unemployment Rate (%) 11.70 11.7 11.5 11.3 11.2 11.1
Productivity (Index Points) 100.00 101 100 101 101 101
Job Vacancies (Thousand) 243.20 241 239 238 237 237
Wages (AUD/Week) 1237.90 1235 1253 1253 1268 1284
Wage Growth (%) 2.30 2.3 2.3 2.3 2.4 2.4
Minimum Wages (AUD/week) 740.80 740 740 760 760 760
Wages In Manufacturing (AUD/Week) 1338.30 1335 1371 1371 1370 1404
Population (Million) 25.18 25.5 25.6 25.84 25.9 26.4
Living Wage Family (AUD/Month) 2790.00 2987 2854 2854 2857 2923
Wages High Skilled (AUD/Month) 6120.00 6394 6261 6261 6267 6411
Wages Low Skilled (AUD/Month) 2710.00 2731 2772 2772 2775 2839
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.60 1.7 1.8 2.1 2.2 2
Inflation Rate Mom (%) 0.60 0.4 0.6 0.5 0.6 1
Consumer Price Index CPI (Index Points) 114.80 115 116 116 117 118
Core Consumer Prices (Index Points) 115.91 116 117 118 118 120
Core Inflation Rate (%) 1.60 1.6 1.7 2 2.2 2.2
Producer Prices (Index Points) 111.60 112 113 113 114 115
Producer Prices Change (%) 2.00 1.9 1.8 2 2.1 2.1
Export Prices (Index Points) 113.30 115 116 118 115 118
Import Prices (Index Points) 113.10 114 117 120 116 114
Food Inflation (%) 2.40 1.3 1.7 1.8 1.8 2
Inflation Expectations (%) 3.10 3.5 4 3.8 3.6 3.9
CPI Housing Utilities (Index Points) 121.40 123 124 124 124 126
CPI Transportation (Index Points) 107.30 108 108 106 106 110
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.00 1 0.75 0.5 0.5 0.5
Interbank Rate (%) 1.10 1.1 1.1 0.85 0.85 0.85
Banks Balance Sheet (AUD Billion) 4483.06 4460 4580 4600 4550 4200
Deposit Interest Rate (%) 1.45 1.65 1.65 1.4 1.4 1.4
Private Debt to GDP (%) 205.30 205 205 204 204 204
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (AUD Million) 7268.00 7100 5600 1600 2000 -500
Current Account to GDP (%) -1.50 -3 -3 -2.9 -2.9 -2.9
Terms of Trade (Index Points) 100.20 101 99.15 98.33 99.14 104
Tourist Arrivals 790400.00 720800 1070000 852000 700500 1080400
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 40.70 41 41 38 38 38
Government Budget (% of GDP) -0.60 -0.8 -0.8 -0.3 -0.3 -0.3
Government Budget Value (AUD Million) 13326.00 -1555 -3287 -782 -700 -295
Government Spending (AUD Million) 91328.00 88495 89985 91098 93429 92144
Taxes Actual Q3 Q4 Q1 Q2 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 12 12 12
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 1.00 2 5 8 6 6
Manufacturing PMI 53.10 52 53.2 53.6 53.8 54
Services PMI (Index Points) 51.40 51.8 51.2 51.6 52 52.2
Car Registrations (Thousand) 14330.43 14260 14260 14350 14350 14350
Leading Economic Index (%) -0.30 0 0 -0.1 0.1 0.1
Business Inventories (%) -0.90 0.4 0.5 0.5 0.5 0.4
Composite Pmi (Index Points) 49.30 50.8 52.2 54.5 55 56.5
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 98.20 98 100 103 102 104
Retail Sales YoY (%) 2.40 3.2 2.9 2.7 3 2.6
Consumer Spending (AUD Million) 263544.00 265457 267348 268872 269606 273764
Bank Lending Rate (%) 8.03 8.03 8.03 7.78 7.78 7.78
Gasoline Prices (USD/Liter) 0.96 0.92 0.89 0.87 0.84 0.84
Housing Actual Q3 Q4 Q1 Q2 2020
New Home Sales (Units) 4237.00 4400 4500 4450 4400 4850
Housing Index (%) -0.70 -0.8 0.5 1 1.3 2.1
Construction Output (%) -3.80 -1.9 1 1.1 0.6 0.2
Construction Pmi (Index Points) 44.60 42.5 44 46.5 48.5 50
Home Ownership Rate (%) 65.00 63.5 63.5 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.