Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 6578.70 6328 6184 6044 5906 5641
Currency 0.69 0.68 0.67 0.66 0.65 0.63
Government Bond 10Y (%) 3.72 4.27 4.41 4.56 4.72 5.05

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.80 1.3 1.2 1 0.8 1
GDP Annual Growth Rate (%) 3.30 4 7 4 3.5 2.8
Unemployment Rate (%) 3.90 3.7 3.4 3.2 3.2 3.5
Inflation Rate (%) 5.10 5.2 6.5 7.2 5 3.5
Inflation Rate Mom (%) 2.10 0.8 0.9 1.4 0.7 0.6
Interest Rate (%) 0.85 0.85 2.4 3.75 4.15 4.4
Balance of Trade (AUD Million) 10495.00 11000 10000 7500 8000 5500
Current Account (AUD Million ) 7532.00 -2000 6000 1600 1600 1600
Current Account to GDP (% of GDP) 1.30 2.2 1.2 1.2 1 0.5
Government Debt to GDP (% of GDP) 24.80 40.4 40.4 42.8 42.8 43.8
Government Budget (% of GDP) -7.80 -5 -5 -5 -4.5 -4.5
Business Confidence (points) 6.00 16 13 10 8 10
Manufacturing PMI (points) 52.40 54 53 53 50 53
Services PMI (points) 49.20 58 54 51 55 51
Consumer Confidence (points) 86.35 -0.5 112 100 105 100
Retail Sales MoM (%) 0.90 0.2 0.4 0.4 1 0.4
Building Permits (%) -2.40 7 6 3 10 3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.80 1.3 1.2 1 0.8 1
GDP Annual Growth Rate (%) 3.30 4 7 4 3.5 2.8
GDP (USD Billion) 1330.90 1450 1450 1450 1450 1550
GDP Constant Prices (AUD Million) 527676.00 534481 539963 544674 546145 559925
Gross National Product (AUD Million) 532483.00 552693 550754 542706 551120 557902
Gross Fixed Capital Formation (AUD Million) 122253.00 127000 131000 126000 127000 130000
GDP per capita (USD) 58020.45 56100 56100 57300 57300 57300
GDP per capita PPP (USD) 48697.84 49000 49000 49600 49600 49600
GDP From Agriculture (AUD Million) 15010.00 14796 15938 16564 15535 17028
GDP From Construction (AUD Million) 36999.00 37722 38448 38396 38294 39471
GDP From Manufacturing (AUD Million) 29635.00 30358 30687 30495 30672 31349
GDP From Mining (AUD Million) 48747.00 51244 53613 51491 50453 52933
GDP From Public Administration (AUD Million) 28503.00 28877 29947 29586 29501 30414
GDP From Utilities (AUD Million) 11847.00 12279 12640 12205 12262 12547

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 3.90 3.7 3.4 3.2 3.2 3.5
Employed Persons (Thousand ) 13510.89 13500 13400 13500 13600 13900
Unemployed Persons (Thousand ) 548.13 630 640 660 660 650
Part Time Employment (Persons) -8700.00 -10000 8000 10500 3500 10500
Full Time Employment (Persons) 69400.00 18000 -10000 20000 8000 18000
Employment Change (Persons) 60600.00 40000 40000 38500 -30000 38500
Labor Force Participation Rate (%) 66.70 66.3 66.2 66.3 66.3 66.3
Youth Unemployment Rate (%) 8.79 9.2 8.9 8.8 9 10
Labour Costs (points) 105.90 108 111 118 115 110
Productivity (points) 104.90 102 103 103 103 102
Job Vacancies (Thousand) 423.50 380 330 300 300 226
Job Advertisements 238177.91 205000 190000 175000 170000 175000
Wages (AUD/Week) 1328.90 1340 1370 1400 1390 1420
Wages In Manufacturing (AUD/Week) 1462.00 1520 1540 1580 1600 1620
Wage Growth (%) 2.40 2.2 2 2 1.5 2
Minimum Wages (AUD/week) 812.50 812 812 812 812 840
Population (Million) 25.68 26.62 26.62 27.1 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 (%) 63.80 64 63.8 63.5 63.4 63

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 5.10 5.2 6.5 7.2 5 3.5
Inflation Rate Mom (%) 2.10 0.8 0.9 1.4 0.7 0.6
Consumer Price Index CPI (points) 123.90 125 127 130 130 135
Core Consumer Prices (points) 122.75 122 123 124 125 125
Core Inflation Rate (%) 3.70 2.8 2.6 2 1.8 1.6
Producer Prices (points) 118.30 118 119 119 121 122
Producer Prices Change (%) 4.90 3.5 3.3 2.5 2 1.9
Export Prices (points) 178.00 160 155 148 1140 128
Import Prices (points) 126.60 120 118 111 110 111
Food Inflation (%) 4.30 2 1.8 1.5 1.3 1
CPI Housing Utilities (points) 129.00 128 131 135 135 139
CPI Transportation (points) 121.50 122 124 125 126 127
Inflation Expectations (%) 6.70 5 6.1 5.5 5 2.9

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 0.85 0.85 2.4 3.75 4.15 4.4
Money Supply M1 (AUD Billion) 1693.13 1663 1633 1600 1570 1493
Foreign Exchange Reserves (AUD Million) 77339.00 70000 65000 63000 64000 63000
Central Bank Balance Sheet (AUD Million) 600786.00 630000 620000 600000 590000 550000
Loans to Private Sector (AUD Billion) 1115.88 1084 1084 1060 1150 1070
Deposit Interest Rate (%) 0.10 0.1 1.65 3 3.4 3.4
Private Debt to GDP (%) 211.77 220 220 220 220 235

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (AUD Million) 10495.00 11000 10000 7500 8000 5500
Current Account (AUD Million ) 7532.00 -2000 6000 1600 1600 1600
Current Account to GDP (% of GDP) 1.30 2.2 1.2 1.2 1 0.5
Imports (AUD Million) 39883.00 36000 35000 34500 35000 36500
Exports (AUD Million) 50378.00 47000 45000 42000 43000 42000
External Debt (AUD Million) 2178985.00 2280000 2300000 2250000 2250000 2200000
Terms of Trade (points) 140.60 133 131 133 1036 115
Capital Flows (AUD Million) -2921.00 -5000 12000 12000 12000 9000
Foreign Direct Investment (AUD Million) 33394.00 38000 38000 38000 48000 48000
Tourist Arrivals 235460.00 100000 160000 150000 120000 200000
Gold Reserves (Tonnes) 79.85 75 75 80 80 80

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 24.80 40.4 40.4 42.8 42.8 43.8
Government Budget (% of GDP) -7.80 -5 -5 -5 -4.5 -4.5
Government Budget Value (AUD Million) 2536.00 -12000 -6000 -7000 -4000 -8000
Government Spending (AUD Million) 118314.00 115255 122812 119554 122455 122902
Government Revenues (AUD Million) 53097.00 36000 37000 40000 42000 39000
Fiscal Expenditure (AUD Million) 50561.00 48000 43000 47000 46000 47000
Government Debt (AUD Million) 626303.00 615000 615000 615000 615000 615000
Government Spending To GDP (% of GDP) 27.70 28 28 27.2 27.2 26.9

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) 6.00 16 13 10 8 10
Manufacturing PMI (points) 52.40 54 53 53 50 53
Services PMI (points) 49.20 58 54 51 55 51
Industrial Production (%) 0.21 2 1.2 1.5 2 1.5
Industrial Production Mom (%) -0.20 0.3 0.3 0.3 -0.3 0.41
Manufacturing Production (%) 3.38 0.8 1.8 1.3 2 1.3
Capacity Utilization (%) 84.95 82.5 82 82 81 85
Bankruptcies (Companies) 466.00 450 400 530 380 530
Corporate Profits (AUD Million) 140380.00 110000 98000 95700 93000 95700
Car Registrations 21999.00 25500 20000 22000 21000 28000
Total Vehicle Sales (Units) 94383.00 88000 90000 92000 90000 92000
Leading Economic Index (%) -0.06 0.2 0.3 0.3 -0.1 0.2
Small Business Sentiment 7.99 16 6 2 -5 2
Composite PMI (points) 52.60 53 54 53.7 50 53.7
Business Inventories (%) 3.20 0.5 0.3 0.3 0.2 0.3
Mining Production (%) -3.08 4.5 3 3 2 4.5
Private Investment (%) -0.30 0.6 1.2 1.1 1 1.1
Services Sentiment (points) 52.60 52 53 53.5 52 53.5
Industrial Sentiment (points) 55.80 55 54 54.5 53 54.5

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 86.35 -0.5 112 100 105 100
Retail Sales MoM (%) 0.90 0.2 0.4 0.4 1 0.4
Retail Sales YoY (%) 9.57 1.5 2 2.5 3 2.5
Consumer Spending (AUD Million) 279204.00 282268 276693 286107 288976 294118
Disposable Personal Income (AUD Million) 361506.00 360000 365000 360000 364000 320000
Personal Savings (%) 11.40 8.3 8.3 8 7 8
Consumer Credit (AUD Billion) 3322.06 3152 3200 3200 3350 3265
Private Sector Credit (%) 0.80 0.5 0.7 0.5 0.3 0.5
Bank Lending Rate (%) 6.82 6.82 8.37 9.72 10.12 10.12
Gasoline Prices (USD/Liter) 1.44 1.49 1.54 1.6 1.66 1.66
Households Debt To GDP (% of GDP) 119.30 123 123 126 124 127

Housing Actual Q2 Q3 Q4 Q1 2023
Building Permits (%) -2.40 7 6 3 10 3
New Home Sales (Units) 5018.00 5800 5800 5500 5000 5500
Construction Output (%) -0.90 0.5 0.7 0.2 0.6 0.7
Construction PMI (points) 50.40 52 55 50 54 50
Home Loans (AUD Million) 19910.00 22000 22000 19000 19400 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, June 25, 2022.