Markets Actual Q1 Q2 Q3 Q4 2023
Stock Market (points) 7175.80 7253 7114 6978 6845 6587
Currency 0.72 0.72 0.71 0.71 0.7 0.69
Government Bond 10Y (%) 1.88 1.94 2.01 2.09 2.17 2.34

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -1.90 2.2 2 1.4 1 1
GDP Annual Growth Rate (%) 3.90 3.2 4.3 7 6 3.3
Unemployment Rate (%) 4.20 4.5 4.3 4.2 4 3.8
Inflation Rate (%) 3.00 3 2.8 2.6 2.3 2.5
Inflation Rate Mom (%) 0.80 0.7 0.6 0.7 0.6 0.6
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.75
Balance of Trade (AUD Million) 9423.00 10000 9000 8000 5500 5500
Current Account (AUD Million ) 23886.00 10000 -2000 6000 1600 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 1.2 1.2 0.5
Government Debt to GDP (% of GDP) 24.80 40.4 40.4 40.4 42.8 43.8
Government Budget (% of GDP) -4.30 -5.6 -5.6 -5.6 -4.2 -3
Business Confidence (points) 12.00 19 16 13 10 10
Services PMI (points) 49.60 54 52 51 51 51
Manufacturing PMI (points) 54.80 58 55 53 53 53
Consumer Confidence (points) 102.20 110 110 112 100 100
Retail Sales MoM (%) 7.30 0.5 0.2 0.4 0.4 0.4
Building Permits (%) 3.60 -2 3 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 Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -1.90 2.2 2 1.4 1 1
GDP Annual Growth Rate (%) 3.90 3.2 4.3 7 6 3.3
GDP (USD Billion) 1330.90 1450 1450 1450 1450 1550
GDP Constant Prices (AUD Million) 504046.00 514241 526666 536023 539329 545096
Gross National Product (AUD Million) 514723.00 518018 536080 554288 550754 549099
Gross Fixed Capital Formation (AUD Million) 122096.00 115000 122000 127000 131000 122000
GDP per capita (USD) 58020.45 56100 56100 56100 57300 57300
GDP per capita PPP (USD) 48697.84 49000 49000 49000 49600 49600
GDP From Agriculture (AUD Million) 13263.00 12783 13109 13642 14191 13550
GDP From Construction (AUD Million) 35801.00 35049 36735 37746 38307 37152
GDP From Manufacturing (AUD Million) 28736.00 28780 29735 30320 30748 30507
GDP From Mining (AUD Million) 49989.00 50861 51180 51269 53488 53913
GDP From Public Administration (AUD Million) 27988.00 28610 28595 28960 29947 30327
GDP From Utilities (AUD Million) 11781.00 12011 11973 12316 12606 12732

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 4.20 4.5 4.3 4.2 4 3.8
Employed Persons (Thousand ) 13242.04 13500 13600 14000 13900 13900
Unemployed Persons (Thousand ) 574.41 630 630 640 660 650
Part Time Employment (Persons) 23300.00 12000 10000 8000 10500 10500
Full Time Employment (Persons) 41500.00 15000 18000 18000 18000 18000
Employment Change (Persons) 64800.00 45000 40000 40000 38500 38500
Labor Force Participation Rate (%) 66.10 66.2 66.3 66.2 66.3 66.3
Youth Unemployment Rate (%) 10.93 11 11 10 11 12
Labour Costs (points) 106.20 113 116 118 120 110
Productivity (points) 102.60 102 102 103 103 102
Job Vacancies (Thousand) 396.10 240 280 230 230 226
Job Advertisements 212098.20 200000 185000 170000 175000 175000
Wages (AUD/Week) 1305.80 1349 1349 1349 1349 1349
Wages In Manufacturing (AUD/Week) 1432.80 1500 1500 1500 1480 1543
Wage Growth (%) 2.20 2.4 2.2 2 2 2
Minimum Wages (AUD/week) 772.60 790 790 790 790 810
Population (Million) 25.68 26.62 26.62 26.62 27.1 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 62.6 62.8 62.8 62.5 63

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 3.00 3 2.8 2.6 2.3 2.5
Inflation Rate Mom (%) 0.80 0.7 0.6 0.7 0.6 0.6
Consumer Price Index CPI (points) 119.70 121 122 123 122 126
Core Consumer Prices (points) 119.76 121 121 121 122 122
Core Inflation Rate (%) 2.10 2.1 1.8 1.6 1.6 1.6
Producer Prices (points) 114.90 116 116 117 117 119
Producer Prices Change (%) 2.90 2.8 2.5 1.9 1.5 1.9
Export Prices (points) 145.80 142 130 125 108 108
Import Prices (points) 113.90 114 114 112 111 111
Food Inflation (%) 1.30 2 2 1.5 2.3 2.3
CPI Housing Utilities (points) 123.40 125 125 127 126 129
CPI Transportation (points) 113.40 114 115 116 116 117
Inflation Expectations (%) 4.40 4.5 3.8 3.8 3 2.9

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.75
Money Supply M1 (AUD Billion) 1588.13 1627 1663 1633 1600 1493
Foreign Exchange Reserves (AUD Million) 80816.00 72000 70000 65000 63000 63000
Central Bank Balance Sheet (AUD Million) 636060.00 636000 630000 620000 600000 550000
Loans to Private Sector (AUD Billion) 1058.30 1084 1084 1060 1111 1070
Deposit Interest Rate (%) 0.05 0.05 0.05 0.05 0.05 0.05
Private Debt to GDP (%) 211.77 220 220 220 220 235

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (AUD Million) 9423.00 10000 9000 8000 5500 5500
Current Account (AUD Million ) 23886.00 10000 -2000 6000 1600 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 1.2 1.2 0.5
Imports (AUD Million) 34436.00 32000 32000 31000 36500 36500
Exports (AUD Million) 43859.00 42000 41000 39000 42000 42000
External Debt (AUD Million) 2201681.00 2200000 2200000 2200000 2300000 2200000
Terms of Trade (points) 128.00 129 125 116 111 97.3
Capital Flows (AUD Million) -21835.00 -5000 -5000 12000 12000 9000
Foreign Direct Investment (AUD Million) 29274.00 38000 48000 48000 48000 48000
Tourist Arrivals 20860.00 40000 40000 60000 100000 200000
Gold Reserves (Tonnes) 79.85 75 75 75 80 80

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 24.80 40.4 40.4 40.4 42.8 43.8
Government Budget (% of GDP) -4.30 -5.6 -5.6 -5.6 -4.2 -3
Government Budget Value (AUD Million) 6161.00 -2000 -5000 -7000 -6000 -7000
Government Spending (AUD Million) 114778.00 112229 112907 115587 122812 118963
Government Revenues (AUD Million) 55463.00 38000 36000 37000 40000 39000
Fiscal Expenditure (AUD Million) 49302.00 43000 43000 43000 47000 47000
Government Debt (AUD Million) 626303.00 615000 615000 615000 615000 615000
Government Spending To GDP (% of GDP) 27.70 28 28 28 27.2 26.9

Taxes Actual Q1 Q2 Q3 Q4 2023
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 Q1 Q2 Q3 Q4 2023
Business Confidence (points) 12.00 19 16 13 10 10
Services PMI (points) 49.60 54 52 51 51 51
Manufacturing PMI (points) 54.80 58 55 53 53 53
Industrial Production (%) 0.80 2 2 1.2 1.5 1.5
Industrial Production Mom (%) -0.20 -0.5 0.3 0.3 0.3 0.41
Manufacturing Production (%) 9.50 1.5 0.8 0.8 1.3 1.3
Capacity Utilization (%) 83.15 85 86 85 85 85
Bankruptcies (Companies) 435.00 400 450 400 530 530
Corporate Profits (AUD Million) 122960.00 110500 90000 88000 95700 95700
Car Registrations 14496.00 20000 22500 20000 24000 34000
Total Vehicle Sales (Units) 78402.00 88000 88000 90000 92000 92000
Leading Economic Index (%) 0.12 0.2 0.2 0.3 0.3 0.2
Small Business Sentiment 3.78 8 8 6 2 2
Composite PMI (points) 54.90 52 53 54 53.7 53.7
Business Inventories (%) -1.90 0.5 0.5 0.3 0.3 0.3
Mining Production (%) -4.10 2.5 2.5 4 4 4.5
Private Investment (%) -2.20 0.6 0.6 1.2 1.1 1.1
Services Sentiment (points) 55.10 52 52 53 53.5 53.5
Industrial Sentiment (points) 57.70 56 55 54 54.5 54.5

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 102.20 110 110 112 100 100
Retail Sales MoM (%) 7.30 0.5 0.2 0.4 0.4 0.4
Retail Sales YoY (%) 5.10 3.9 1.5 2 2.5 2.5
Consumer Spending (AUD Million) 258305.00 272333 277172 283067 276386 288673
Disposable Personal Income (AUD Million) 361219.00 378000 380000 375000 360000 320000
Personal Savings (%) 19.80 12.2 8.3 8.3 8 8
Consumer Credit (AUD Billion) 3189.94 3231 3252 3252 3361 3265
Private Sector Credit (%) 0.90 0.5 0.5 0.7 0.5 0.5
Bank Lending Rate (%) 6.51 6.51 6.51 6.51 6.51 6.51
Gasoline Prices (USD/Liter) 1.21 1.15 1.09 1.04 0.99 0.94
Households Debt To GDP (% of GDP) 120.50 125 126 126 126 127

Housing Actual Q1 Q2 Q3 Q4 2023
Building Permits (%) 3.60 -2 3 3 3 3
New Home Sales (Units) 6700.00 5700 5800 5800 5500 5500
Housing Index (points) 175.60 174 177 176 178 189
Construction Output (%) -0.30 1.5 0.5 0.7 0.7 0.7
Construction PMI (points) 57.00 54 52 55 50 50
Home Loans (AUD Million) 21340.00 19000 20000 20000 19000 20000
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, January 22, 2022.