Australia Productivity - Forecast

Productivity in Australia is expected to be 101.76 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Australia to stand at 101.55 in 12 months time. In the long-term, the Australia Productivity is projected to trend around 101.79 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Australia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.3 5.5 5.3 5.1 5 5.3
Employed Persons 12631 12710 12820 12900 12894 13500
Unemployed Persons 709 709 707 706 705 702
Part Time Employment 10250 7589 7526 7524 7525 6900
Full Time Employment 33700 11039 10482 10397 10381 10376
Employment Change 44000 17100 22869 22881 22877 15600
Labor Force Participation Rate 65.7 65.6 65.8 65.7 65.65 66
Youth Unemployment Rate 11.7 12 12.8 12.2 12.2 13
Productivity 102 101 101 102 102 102
Labour Costs 101 101 101 101 101 101
Job Vacancies 241 243 243 241 239 237
Job Advertisements 175555 174616 173782 173196 172803 172048
Wages 1207 1210 1230 1230 1230 1300
Wage Growth 2.1 2.4 2.4 1.99 2 3.3
Wages In Manufacturing 1304 1310 1350 1350 1338 1400
Minimum Wages 719 719 740 740 740 760
Population 24.7 25.3 25.4 25.5 25.32 26
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 3500 3600 3442 3441 3600
Living Wage Individual 2420 2432 2431 2431 2431 2430
Wages Low Skilled 2440 2481 2506 2494 2500 2506
Wages High Skilled 6110 6200 6200 6144 6148 6300
Employment Rate 62.2 62.26 62.31 62.34 62.36 62.41