Australia Population  Forecast


Australia Population
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Population in Australia is expected to be 24.26 Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Population is projected to trend around 24.66 Million in 2020, according to our econometric models.


Australia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5.4 5.5 5.4 5.6 5.5 5.6
Employed Persons 12297 12327 12346 12356 12359 12345
Unemployed Persons 701 696 691 688 686 666
Part Time Employment -20679 4489 6488 6383 6386 6900
Full Time Employment 24300 12315 8697 7748 7344 7085
Employment Change 3700 18600 15453 14011 13666 15600
Labor Force Participation Rate 65.1 65.11 65.1 65.08 65.06 64.93
Youth Unemployment Rate 12.1 12.14 12.16 12.21 12.25 12.58
Productivity 101 99.65 98.88 98.46 98.25 97.91
Labour Costs 100 101 101 101 101 101
Job Vacancies 201 215 225 231 233 223
Job Advertisements 172395 172597 174162 173475 171459 148271
Wages 1179 1190 1195 1200 1204 1228
Wages In Manufacturing 1254 1244 1238 1235 1233 1223
Wage Growth 2 1.9 2.18 2 2.33 3.3
Minimum Wages 695 695 695 705 705 760
Population 24.13 24.26 24.3 24.33 24.37 24.66
Retirement Age Women 65.5 65.5 65.5 65.5 65.5 66
Retirement Age Men 65.5 65.5 65.5 65.5 65.5 66
Living Wage Family 3420 3437 3442 3444 3447 3440
Living Wage Individual 2420 2428 2431 2432 2433 2430
Wages Low Skilled 2440 2527 2504 2493 2481 2523
Wages High Skilled 6110 6165 6151 6143 6136 6163
Employment Rate 61.63 61.57 61.5 61.44 61.39 61.04