Markets Actual Q4 Q1 Q2 Q3 2022
Currency 0.71 0.72 0.71 0.71 0.7 0.69
Stock Market (points) 7279.30 7255 7117 6981 6848 6589
Government Bond 10Y (%) 1.67 1.73 1.8 1.87 1.94 2.1

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.70 1.5 3 2.5 4 3
GDP Annual Growth Rate (%) 9.60 0.3 1.4 3.2 3 3
Unemployment Rate (%) 5.20 5 4.8 4.3 4.2 4.2
Inflation Rate (%) 3.00 3.2 3.2 2.8 2.6 2.3
Inflation Rate Mom (%) 0.80 0.8 0.7 0.6 0.4 0.6
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Balance of Trade (AUD Million) 12243.00 13000 10000 9000 8000 5500
Current Account (AUD Million ) 20461.00 15500 10000 -2000 6000 1600
Current Account to GDP (% of GDP) 2.50 3.4 1.2 1.2 1.2 1.2
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) 21.00 25 19 16 13 10
Manufacturing PMI (points) 50.40 60 58 55 53 53
Services PMI (points) 47.60 52 54 52 51 51
Consumer Confidence (points) 105.30 108 110 110 112 98
Retail Sales MoM (%) 4.90 0.5 0.5 0.2 0.4 0.4
Building Permits (%) -4.30 -6.5 -2 3 3 3
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 2022
GDP Growth Rate (%) 0.70 1.5 3 2.5 4 3
GDP Annual Growth Rate (%) 9.60 0.3 1.4 3.2 3 3
GDP (USD Billion) 1330.90 1370 1450 1450 1450 1450
GDP Constant Prices (AUD Million) 505134.00 493936 508813 521298 520288 508754
Gross National Product (AUD Million) 521999.00 498064 518000 538703 537659 513006
Gross Fixed Capital Formation (AUD Million) 120588.00 111000 118000 124000 124000 114000
GDP per capita (USD) 58020.45 56100 56100 56100 56100 57300
GDP per capita PPP (USD) 48697.84 49000 49000 49000 49000 49600
GDP From Agriculture (AUD Million) 13185.00 12458 13194 13607 13581 12832
GDP From Construction (AUD Million) 34908.00 33289 35058 36025 35955 34287
GDP From Manufacturing (AUD Million) 28139.00 27165 28289 29039 28983 27980
GDP From Mining (AUD Million) 48557.00 49102 49866 50111 50014 50575
GDP From Public Administration (AUD Million) 28011.00 28243 28353 28907 28851 29091
GDP From Utilities (AUD Million) 11735.00 11661 11691 12111 12087 12011

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 5.20 5 4.8 4.3 4.2 4.2
Employed Persons (Thousand ) 12835.20 13000 13500 13600 14000 13900
Unemployed Persons (Thousand ) 707.30 700 680 670 660 660
Part Time Employment (Persons) -5900.00 12000 12000 10000 8000 10500
Full Time Employment (Persons) -40400.00 15000 15000 18000 18000 18000
Employment Change (Persons) -46300.00 38000 45000 40000 40000 38500
Labor Force Participation Rate (%) 64.70 66.1 66.2 66.3 66.2 66.3
Youth Unemployment Rate (%) 13.10 11 11 11 10 11
Labour Costs (points) 104.90 109 111 112 113 110
Productivity (points) 102.00 102 102 102 103 102
Job Vacancies (Thousand) 333.70 276 240 280 230 226
Job Advertisements 203428.00 183000 170000 175000 170000 175000
Wages (AUD/Week) 1305.80 1349 1349 1349 1349 1349
Wages In Manufacturing (AUD/Week) 1432.80 1520 1500 1500 1500 1480
Wage Growth (%) 2.20 2.3 2 2 2 2.3
Minimum Wages (AUD/week) 772.60 772 790 790 790 790
Population (Million) 25.68 26.62 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 (%) 61.50 62 62.6 62.8 62.8 62.5

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.00 3.2 3.2 2.8 2.6 2.3
Inflation Rate Mom (%) 0.80 0.8 0.7 0.6 0.4 0.6
Consumer Price Index CPI (points) 119.70 121 122 122 123 124
Core Consumer Prices (points) 119.76 122 120 120 121 122
Core Inflation Rate (%) 2.10 1.6 1.6 1.2 1.2 1.6
Producer Prices (points) 114.90 117 115 115 117 117
Producer Prices Change (%) 2.90 2.5 1.8 1.5 1.5 1.9
Export Prices (points) 145.80 148 132 120 109 108
Import Prices (points) 113.90 112 112 112 112 111
Food Inflation (%) 1.30 1.2 2 2 1.5 2.3
CPI Housing Utilities (points) 123.40 125 125 125 127 128
CPI Transportation (points) 113.40 114 115 116 116 117
Inflation Expectations (%) 4.60 3.6 3.5 3.5 3.5 3.6

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Money Supply M1 (AUD Billion) 1535.46 1452 1457 1463 1463 1473
Foreign Exchange Reserves (AUD Million) 75966.00 78000 72000 70000 65000 63000
Central Bank Balance Sheet (AUD Million) 603248.00 600000 580000 560000 530000 470000
Banks Balance Sheet (AUD Billion) 5169.50 5100 4900 4800 4400 4400
Loans to Private Sector (AUD Billion) 1038.41 987 1016 1049 1070 1016
Deposit Interest Rate (%) 0.05 0.05 0.05 0.05 0.05 0.05
Private Debt to GDP (%) 211.77 215 220 220 220 220

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (AUD Million) 12243.00 13000 10000 9000 8000 5500
Current Account (AUD Million ) 20461.00 15500 10000 -2000 6000 1600
Current Account to GDP (% of GDP) 2.50 3.4 1.2 1.2 1.2 1.2
Imports (AUD Million) 32725.00 33000 32000 32000 31000 36500
Exports (AUD Million) 44969.00 46000 42000 41000 39000 42000
External Debt (AUD Million) 2150759.00 2200000 2200000 2200000 2200000 2300000
Terms of Trade (points) 128.00 132 117 107 96.89 97.3
Capital Flows (AUD Million) -24448.00 -5000 -5000 9000 12000 9000
Foreign Direct Investment (AUD Million) 29274.00 38000 38000 48000 48000 48000
Tourist Arrivals 4410.00 20000 40000 40000 60000 100000
Gold Reserves (Tonnes) 79.85 75 75 75 75 80

Government Actual Q4 Q1 Q2 Q3 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) -13373.00 -3000 -5000 -7000 -6000 -7000
Government Spending (AUD Million) 105543.00 105011 105609 108920 108709 108161
Government Revenues (AUD Million) 36420.00 41000 38000 36000 37000 40000
Fiscal Expenditure (AUD Million) 49792.00 44000 43000 43000 43000 47000
Government Spending To GDP (% of GDP) 27.70 28 28 28 28 27.2
Government Debt (AUD Million) 626303.00 615000 615000 615000 635000 615000

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 21.00 25 19 16 13 10
Manufacturing PMI (points) 50.40 60 58 55 53 53
Services PMI (points) 47.60 52 54 52 51 51
Industrial Production (%) 0.80 2 2 2 1.2 1.5
Industrial Production Mom (%) -0.20 -0.5 0.5 0.3 0.3 0.41
Manufacturing Production (%) 9.50 2.1 1.5 0.8 0.8 1.3
Capacity Utilization (%) 81.47 83 85 86 85 85
Bankruptcies (Companies) 313.00 330 400 450 400 530
Corporate Profits (AUD Million) 118299.00 117500 110500 90000 88000 95700
Total Vehicle Sales (Units) 74650.00 87000 88000 88000 90000 87000
Car Registrations 18531.00 20850 22000 24500 19000 24000
Leading Economic Index (%) 0.16 0.2 0.2 0.2 0.3 0.2
Small Business Sentiment 3.78 5 8 8 6 2
Business Inventories (%) 0.20 0.5 0.5 0.5 0.3 0.3
Composite PMI (points) 55.00 53 52 53 54 53.7
Industrial Sentiment (points) 58.50 58 56 55 54 54.5
Private Investment (%) -2.20 0.9 0.6 0.6 1.2 1.1
Mining Production (%) -4.10 2.5 2.5 4.5 4 4.5
Services Sentiment (points) 55.00 50 52 52 53 53.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 105.30 108 110 110 112 98
Retail Sales MoM (%) 4.90 0.5 0.5 0.2 0.4 0.4
Retail Sales YoY (%) -0.70 1.1 1.9 1.5 2 2.5
Consumer Spending (AUD Million) 271490.00 265828 272203 280178 279635 273803
Disposable Personal Income (AUD Million) 341835.00 335000 330000 320000 310000 320000
Personal Savings (%) 9.70 8 8.2 8.3 8.3 8
Consumer Credit (AUD Billion) 3141.52 3011 3076 3188 3236 3102
Private Sector Credit (%) 0.60 0.5 0.5 0.6 0.7 0.5
Bank Lending Rate (%) 6.51 6.51 6.51 6.51 6.51 6.51
Gasoline Prices (USD/Liter) 1.27 1.21 1.15 1.09 1.04 0.98
Households Debt To GDP (% of GDP) 123.40 124 125 126 126 126

Housing Actual Q4 Q1 Q2 Q3 2022
Building Permits (%) -4.30 -6.5 -2 3 3 3
New Home Sales (Units) 5590.00 5700 5700 5800 5800 5500
Housing Index (%) 6.70 2 1 1 2 2
Construction Output (%) -0.30 1.5 1.5 0.5 0.7 0.7
Construction PMI (points) 57.60 53 54 52 55 50
Home Loans (AUD Million) 20690.00 20500 19000 20000 20000 19000
Home Ownership Rate (%) 66.20 64 64 64 64 64


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Australia Forecast - was last updated on Saturday, November 27, 2021.