Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.50 0.8 0.7 0.88 1 0.8 percent [+]
Unemployment Rate 5.80 5.9 6 6.1 6.2 6.2 percent [+]
Inflation Rate 1.30 1.5 2 2 2.1 3.8 percent [+]
Interest Rate 1.50 1.5 1.25 1 1 3.5 percent [+]
Balance of Trade 1243.00 -2220 -2220 519 -2900 -3910 AUD Million [+]
Government Debt to GDP 36.80 39 39 38.1 38.76 39.39 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 0.76 0.71 0.7 0.69 0.71 0.58 [+]
Stock Market 5629.01 5570 5510 5460 5400 4550 points [+]
Government Bond 10Y 2.70 2.91 2.94 2.96 2.63 3.42 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.50 0.8 0.7 0.88 1 0.8 percent [+]
GDP Annual Growth Rate 1.80 2.6 2.8 2.7 2.4 2.9 percent [+]
GDP 1339.54 1410 1410 1410 1500 1720 USD Billion [+]
GDP Constant Prices 417688.00 428564 431584 434631 437702 476403 AUD Million [+]
Gross National Product 406142.00 408936 410332 412177 413971 434992 AUD Million [+]
Gross Fixed Capital Formation 101340.00 106519 107586 108003 108737 117946 AUD Million [+]
GDP per capita 54708.18 56000 56000 56000 56000 59160 USD [+]
GDP per capita PPP 43646.98 44370 44370 44370 44370 46000 USD [+]
GDP From Agriculture 9601.00 9007 9017 9046 9069 9368 AUD Million [+]
GDP From Construction 32222.00 31767 31596 31712 31639 31686 AUD Million [+]
GDP From Manufacturing 24657.00 24792 24759 24770 24739 24749 AUD Million [+]
GDP From Mining 28476.00 28936 29252 29539 29768 32630 AUD Million [+]
GDP From Public Administration 22750.00 23025 23155 23258 23358 24791 AUD Million [+]
GDP From Utilities 10629.00 10724 10740 10773 10800 11125 AUD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.80 5.9 6 6.1 6.2 6.2 percent [+]
Employed Persons 11985.90 11993 12011 12028 12042 12146 Thousand [+]
Unemployed Persons 741.09 720 720 705 721 722 Thousand [+]
Part Time Employment 4200.00 -12000 6000 5000 7267 6900 Persons [+]
Full Time Employment 9300.00 4233 6585 6745 6653 6537 Persons [+]
Employment Change 13500.00 15000 -1200 10000 18600 15600 Persons [+]
Labor Force Participation Rate 64.70 64.53 64.54 64.9 64.54 64.54 percent [+]
Youth Unemployment Rate 13.30 12.49 12.45 12.42 12.41 12.38 percent [+]
Labour Costs 101.30 101 102 102 102 103 Index Points [+]
Productivity 101.90 97.67 97.6 97.81 98.45 95.92 Index Points [+]
Job Vacancies 181.00 185 188 189 189 187 Thousand [+]
Job Advertisements 161008.07 168762 171089 172636 173670 175748 [+]
Wages 1160.90 1178 1183 1189 1195 1261 AUD/Week [+]
Wages In Manufacturing 1282.70 1277 1286 1295 1303 1328 AUD/Week [+]
Wage Growth 1.90 2.4 2.4 2.12 2.9 3.3 percent [+]
Minimum Wages 672.70 680 680 683 690 760 AUD/week [+]
Population 23.94 24.01 24.1 24.19 24.28 25.62 Million [+]
Retirement Age Women 65.50 65 65 65.5 65.5 66 [+]
Retirement Age Men 65.50 65 65 65.5 65.5 66 [+]
Wages High Skilled 5350.00 5531 5535 5537 5537 5538 AUD/Month [+]
Living Wage Family 3500.00 3364 3416 3396 3403 3401 AUD/Month [+]
Living Wage Individual 2260.00 2252 2255 2254 2254 2254 AUD/Month [+]
Employment Rate 61.11 60.8 60.8 60.8 60.8 60.8 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.30 1.5 2 2 2.1 3.8 percent [+]
Inflation Rate Mom 0.70 0.7 0.7 0.6 0.8 1 percent [+]
Consumer Price Index CPI 109.40 111 111 112 112 119 Index Points [+]
Core Consumer Prices 110.61 111 112 113 113 121 Index Points [+]
Core Inflation Rate 1.70 1.68 1.76 1.82 1.8 2.1 percent [+]
GDP Deflator 101.06 102 102 102 102 105 Index Points [+]
Producer Prices 106.30 107 108 108 109 114 Index Points [+]
Producer Prices Change 0.50 1 1.1 1 1.1 1.9 percent [+]
Export Prices 76.50 79.38 78.81 77.66 76.87 77.55 Index Points [+]
Import Prices 102.50 103 103 103 103 103 Index Points [+]
Food Inflation 1.50 0.8 0.7 0.8 1 3 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.50 1.5 1.25 1 1 3.5 percent [+]
Interbank Rate 2.39 1.97 1.73 2.47 3 4 percent [+]
Money Supply M0 101.23 101 102 101 102 102 AUD Billion [+]
Money Supply M1 335.09 340 343 347 350 390 AUD Billion [+]
Money Supply M3 1945.22 1982 2009 2036 2063 2363 AUD Billion [+]
Banks Balance Sheet 4098.68 4361 4442 4525 4608 5703 AUD Billion [+]
Central Bank Balance Sheet 154062.00 158211 158211 158211 158211 158211 AUD Million [+]
Foreign Exchange Reserves 76084.00 69800 69216 68897 68747 68625 AUD Million [+]
Loans to Private Sector 869.69 880 887 894 899 936 AUD Billion [+]
Deposit Interest Rate 2.30 2.93 2.93 2.42 3.27 3.97 percent [+]
Private Debt to GDP 222.38 231 232 234 235 244 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 1243.00 -2220 -2220 519 -2900 -3910 AUD Million [+]
Exports 30083.00 26200 26200 30545 26800 28500 AUD Million [+]
Imports 28840.00 28872 28884 28888 29700 32400 AUD Million [+]
Current Account -11358.00 -16700 -16700 -12870 -17900 -22900 AUD Million [+]
Current Account to GDP -4.60 -3.73 -4.04 -4.35 -4.66 -4.27 percent [+]
External Debt 1916975.00 1979770 2019603 2046442 2076780 2410054 AUD Million [+]
Terms of Trade 93.90 97.23 97.23 96.7 96.25 96.09 Index Points [+]
Foreign Direct Investment 29636.00 54238 54387 54536 54686 46728 AUD Million [+]
Capital Flows 15721.00 15477 15976 15761 16580 16145 AUD Million [+]
Tourist Arrivals 720500.00 673268 669803 672871 672737 672345 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 Tonnes [+]
Crude Oil Production 292.00 309 309 309 309 309 BBL/D/1K [+]
Terrorism Index 2.74 2.85 2.92 2.99 3.05 3.05 [+]
Weapons Sales 113.00 72.16 72.43 72.69 70.33 63.03 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 36.80 39 39 38.1 38.76 39.39 percent [+]
Government Budget -2.40 -3 -3 -2.38 -2.5 -1.8 percent of GDP [+]
Government Budget Value -2162.00 -5220 -5220 -3553 -3338 -3305 AUD Million [+]
Government Spending 77644.00 78631 79063 79490 79941 85266 AUD Million [+]
Government Revenues 33699.00 30448 33419 31881 34348 35017 AUD Million [+]
Fiscal Expenditure 35861.00 36313 36329 36312 36311 36312 AUD Million [+]
Military Expenditure 27793.00 28387 28676 28964 28956 29324 USD Million [+]
Asylum Applications 1519.00 1673 1673 1673 1673 1673 Persons [+]
Government Spending To Gdp 36.20 35.68 35.8 35.65 35.51 34.68 percent [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 5.00 4 4 6 8 6 [+]
Manufacturing PMI 55.40 54.1 54.1 54.73 55 52 [+]
Services PMI 57.70 49.8 49.8 51.66 51.2 50.2 Index Points [+]
Industrial Production -0.20 -1.06 -0.41 0.55 0.63 0.16 percent [+]
Industrial Production Mom -0.50 0.56 0.9 0.7 0.54 0.55 percent [+]
Manufacturing Production -0.20 -0.95 -0.59 0.58 0.6 0.16 percent [+]
Capacity Utilization 81.32 81 80.97 80.97 80.97 80.97 percent [+]
New Orders 32.00 33.22 15.47 29.15 16.16 16.03 [+]
Changes in Inventories 1053.00 601 479 448 423 412 AUD Million [+]
Bankruptcies 636.00 746 749 749 749 749 Companies [+]
Corporate Profits 64174.00 64657 64018 64090 64900 59900 AUD Million [+]
Total Vehicle Sales 97305.00 97548 97801 97771 97733 101000 [+]
Car Production 9334.00 11700 11700 13337 10700 12700 Units [+]
Car Registrations 13549.45 13611 13675 13740 13804 14803 Thousand [+]
Leading Economic Index 0.00 0.2 0.1 -0.3 0.2 0.1 percent [+]
Small Business Sentiment 1.90 -0.79 -1.33 -0.98 0 -0.62 [+]
Steel Production 458.35 463 461 461 461 461 Thousand Tonnes [+]
Mining Production 3.60 2.64 2.64 5.6 5.81 4.71 percent [+]
Competitiveness Index 5.19 5.17 5.17 5.17 5.17 5.18 Points [+]
Competitiveness Rank 22.00 24.07 24.07 24.92 25.21 29.47 [+]
Business Inventories 0.80 0.4 0.4 0.52 0.6 0.4 percent [+]
Corruption Index 79.00 80.65 80.79 80.92 81.06 83.16 Points [+]
Corruption Rank 13.00 13.86 14.21 14.56 14.9 8.56 [+]
Ease of Doing Business 15.00 13.25 13.64 14.02 14.41 13.34 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 97.40 97.96 98.22 98.24 103 108 [+]
Retail Sales MoM 0.20 0.34 0.33 0.33 0.33 0.33 percent [+]
Retail Sales YoY 3.40 4.2 4.2 3.5 4.6 3.6 percent [+]
Consumer Spending 238664.00 242334 243929 245536 247154 267468 AUD Million [+]
Disposable Personal Income 287837.00 292995 295274 297592 299832 326284 AUD Million [+]
Personal Savings 6.30 6.92 6.94 7.06 6.94 6.98 percent [+]
Consumer Credit 2545.56 2584 2613 2641 2668 2953 AUD Billion [+]
Private Sector Credit 0.50 0.44 0.44 0.44 0.44 0.44 percent [+]
Bank Lending Rate 8.60 8.58 8.58 8.57 10 11 percent [+]
Gasoline Prices 0.89 0.84 0.74 0.88 0.9 0.93 USD/Liter [+]
Households Debt To Gdp 123.00 120 120 119 119 117 percent of GDP [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits 7.00 0.63 0.63 0.37 1.5 0.36 percent [+]
New Home Sales 7525.00 7150 7250 7200 7000 7450 [+]
Housing Index 1.50 0.81 1.71 0.78 1.98 1.94 percent [+]
Construction Output -4.90 0.3 0.3 1.12 2.2 0.58 percent [+]
Construction Pmi 47.00 51 51 46.23 55 49 Index Points [+]
Home Ownership Rate 67.00 66.95 66.85 66.76 66.66 65.22 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 30.00 30 30 30 30 27.5 percent [+]
Personal Income Tax Rate 47.00 47 47 47 47 47 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 11.50 11.25 11.25 11.5 11.5 11.5 percent [+]
Social Security Rate For Companies 9.50 9.25 9.25 9.5 9.5 9.25 percent [+]
Social Security Rate For Employees 2.00 2 2 2 2 2.5 percent [+]





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. 1/24/2017