Markets Actual Q3 Q4 Q1 Q2 2022
Currency 0.73 0.72 0.72 0.71 0.71 0.7
Stock Market (points) 7342.60 7238 7089 6944 6800 6523
Government Bond 10Y (%) 1.40 1.39 1.45 1.52 1.59 1.73

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.70 -4 1.5 3 2 0.9
GDP Annual Growth Rate (%) 9.60 1.5 0.3 3.4 2.2 3
Unemployment Rate (%) 4.50 5.2 5 4.8 4.8 4.5
Inflation Rate (%) 3.80 2.8 2.4 2.4 2.1 2.1
Inflation Rate Mom (%) 0.80 0.7 0.5 0.5 0.6 0.6
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Balance of Trade (AUD Million) 12117.00 10000 8000 10000 9000 5500
Current Account (AUD Million ) 20461.00 15000 10500 2000 -2000 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 0.4 0.4 0.4
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) -5.00 -11 -5 6 11 10
Manufacturing PMI (points) 51.60 54 60 58 55 53
Services PMI (points) 45.60 47 52 54 52 51
Consumer Confidence (points) 106.20 108 105 110 100 98
Retail Sales MoM (%) -2.70 -0.6 0.5 0.5 0.2 0.4
Building Permits (%) -8.60 -12 -6.5 -2 2.5 3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.70 -4 1.5 3 2 0.9
GDP Annual Growth Rate (%) 9.60 1.5 0.3 3.4 2.2 3
GDP (USD Billion) 1330.90 1370 1370 1450 1450 1450
GDP Constant Prices (AUD Million) 505134.00 484131 493936 518849 516247 508754
Gross National Product (AUD Million) 521999.00 481901 498064 528217 533483 513006
Gross Fixed Capital Formation (AUD Million) 120588.00 109000 111000 121000 123000 114000
GDP per capita (USD) 56307.28 56100 56100 56100 56100 57300
GDP per capita PPP (USD) 48697.84 49000 49000 49000 49000 49600
GDP From Agriculture (AUD Million) 13185.00 9620 12458 13454 13475 12832
GDP From Construction (AUD Million) 34908.00 33414 33289 35750 35676 34287
GDP From Manufacturing (AUD Million) 28139.00 27173 27165 28847 28758 27980
GDP From Mining (AUD Million) 48557.00 50097 49102 50850 49625 50575
GDP From Public Administration (AUD Million) 28011.00 28319 28243 28913 28627 29091
GDP From Utilities (AUD Million) 11735.00 11752 11661 11922 11993 12011

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.50 5.2 5 4.8 4.8 4.5
Employed Persons (Thousand ) 13022.60 13100 13200 13500 13600 13900
Unemployed Persons (Thousand ) 617.11 630 720 720 700 740
Part Time Employment (Persons) -78200.00 -4000 12000 12000 10000 10500
Full Time Employment (Persons) -68000.00 23000 15000 15000 18000 18000
Employment Change (Persons) -146300.00 -27000 38000 45000 40000 38500
Labor Force Participation Rate (%) 65.20 65.5 66.1 66.2 66.3 66.3
Youth Unemployment Rate (%) 10.67 11.1 11 11 11 11
Labour Costs (points) 104.90 105 109 111 112 110
Productivity (points) 102.00 102 102 102 102 102
Job Vacancies (Thousand) 362.50 320 276 240 280 226
Job Advertisements 195995.00 195000 183000 170000 175000 175000
Wages (AUD/Week) 1305.80 1318 1349 1349 1349 1349
Wages In Manufacturing (AUD/Week) 1432.80 1520 1520 1500 1500 1480
Wage Growth (%) 1.70 2.3 2.3 2 2 2.3
Minimum Wages (AUD/week) 772.60 772 772 790 790 790
Population (Million) 25.68 26.6 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 (%) 62.90 62.5 62.5 62.6 62.8 62.5

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.80 2.8 2.4 2.4 2.1 2.1
Inflation Rate Mom (%) 0.80 0.7 0.5 0.5 0.6 0.6
Consumer Price Index CPI (points) 118.80 119 120 121 121 123
Core Consumer Prices (points) 118.95 119 120 120 120 122
Core Inflation Rate (%) 1.60 1.7 1.6 1.4 1.2 1.6
Producer Prices (points) 113.60 115 115 115 115 117
Producer Prices Change (%) 2.20 2.8 2.5 1.8 1.5 1.9
Export Prices (points) 137.30 140 131 121 110 108
Import Prices (points) 108.10 114 112 112 112 111
Food Inflation (%) 0.70 0.8 1.2 2 2 2.3
Inflation Expectations (%) 3.30 3.2 3.6 3.5 3.5 3.6
CPI Housing Utilities (points) 121.30 125 124 124 124 126
CPI Transportation (points) 109.90 106 106 109 112 108

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Money Supply M1 (AUD Billion) 1497.44 1447 1452 1457 1463 1473
Central Bank Balance Sheet (AUD Million) 586602.00 590000 600000 580000 560000 470000
Banks Balance Sheet (AUD Billion) 5169.50 5300 5100 4900 4800 4400
Foreign Exchange Reserves (AUD Million) 78658.00 80000 78000 72000 70000 63000
Loans to Private Sector (AUD Billion) 1023.56 1005 987 1036 1038 1016
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Private Debt to GDP (%) 211.77 215 215 220 220 220

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (AUD Million) 12117.00 10000 8000 10000 9000 5500
Current Account (AUD Million ) 20461.00 15000 10500 2000 -2000 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 0.4 0.4 0.4
Imports (AUD Million) 33834.00 32500 33000 32000 32000 36500
Exports (AUD Million) 45951.00 42500 41000 42000 41000 42000
External Debt (AUD Million) 2150759.00 2180000 2200000 2200000 2200000 2300000
Terms of Trade (points) 127.00 123 116 108 97.78 97.3
Foreign Direct Investment (AUD Million) 29274.00 38000 38000 48000 48000 48000
Capital Flows (AUD Million) -24448.00 -3000 -5000 9000 9000 9000
Tourist Arrivals 18750.00 16000 20000 40000 40000 100000
Gold Reserves (Tonnes) 79.85 78 75 75 75 80

Government Actual Q3 Q4 Q1 Q2 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) 6809.00 -11300 -3000 -5000 -7000 -9000
Government Spending (AUD Million) 105543.00 105349 105011 107692 107865 108161
Government Revenues (AUD Million) 55260.00 35000 41000 38000 36000 38000
Fiscal Expenditure (AUD Million) 48451.00 46300 44000 43000 43000 47000
Government Spending To GDP (% of GDP) 27.70 28 28 28 28 27.2
Government Debt (AUD Million) 583023.00 609000 615000 615000 635000 615000

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) -5.00 -11 -5 6 11 10
Manufacturing PMI (points) 51.60 54 60 58 55 53
Services PMI (points) 45.60 47 52 54 52 51
Industrial Production (%) 0.80 0.5 2 2 2 1.5
Industrial Production Mom (%) -0.20 -0.5 0.5 0.5 0.3 0.41
Manufacturing Production (%) 9.50 2 2.1 1.5 0.8 1.3
Capacity Utilization (%) 80.02 80.7 83 85 86 85
Bankruptcies (Companies) 423.00 450 440 400 450 530
Corporate Profits (AUD Million) 118299.00 112900 117500 110500 90000 95700
Total Vehicle Sales (Units) 81199.00 79000 87000 88000 88000 87000
Car Registrations 17339.00 17850 20850 22000 24500 24000
Leading Economic Index (%) -0.30 -0.2 0.2 0.2 0.2 0.2
Small Business Sentiment 15.90 -5 5 8 8 2
Mining Production (%) -4.10 -2 2.5 4.5 4.5 4.5
Industrial Sentiment (points) 57.30 57.3 58 56 55 54.5
Services Sentiment (points) 44.90 44.9 50 52 52 53.5
Private Investment (%) 4.40 -0.3 0.9 0.6 0.9 1.1
Business Inventories (%) 0.20 0.4 0.5 0.5 0.5 0.5
Composite PMI (points) 46.00 46 50 52 53 53.7

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 106.20 108 105 110 100 98
Retail Sales MoM (%) -2.70 -0.6 0.5 0.5 0.2 0.4
Retail Sales YoY (%) -3.10 -0.5 1.1 1.9 1.5 2.5
Consumer Spending (AUD Million) 271490.00 257491 265828 277572 277463 273803
Disposable Personal Income (AUD Million) 341835.00 330000 335000 330000 320000 320000
Personal Savings (%) 9.70 9 8 8.2 8.3 8
Consumer Credit (AUD Billion) 3105.64 3025 3011 3137 3157 3102
Private Sector Credit (%) 0.70 0.6 0.5 0.6 0.6 0.5
Households Debt To GDP (% of GDP) 123.50 124 124 125 126 126
Bank Lending Rate (%) 6.51 6.51 6.51 6.51 6.51 6.51
Gasoline Prices (USD/Liter) 1.12 1.06 1.01 0.96 0.91 0.87

Housing Actual Q3 Q4 Q1 Q2 2022
Building Permits (%) -8.60 -12 -6.5 -2 2.5 3
New Home Sales (Units) 7446.00 5950 5700 5700 5800 5500
Housing Index (%) 6.70 3 2 1 1 2
Home Loans (AUD Million) 22770.00 22350 20500 19000 20000 19000
Home Ownership Rate (%) 65.00 64 64 64 64 64
Construction Output (%) 0.80 -1.4 1.5 0.5 0.5 0.7
Construction PMI (points) 38.40 38 53 54 52 50


This page has economic forecasts for Australia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Australia economy.