Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.10 0.8 0.7 0.86 1 0.8 percent [+]
Unemployment Rate 5.90 5.9 6 6.1 6.2 6.2 percent [+]
Inflation Rate 1.50 1.5 1.6 1.7 1.8 3.8 percent [+]
Interest Rate 1.50 1.5 1.5 1.5 1.5 3.5 percent [+]
Balance of Trade 1302.00 -2220 -2220 1830 -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 0.76 0.75 0.75 0.74 0.62 [+]
Stock Market 5708.00 5650 5590 5530 5420 4560 points [+]
Government Bond 10Y 2.76 2.83 2.86 2.88 2.91 3.36 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.10 0.8 0.7 0.86 1 0.8 percent [+]
GDP Annual Growth Rate 2.40 2.6 2.8 2.7 2.4 2.9 percent [+]
GDP 1339.54 1410 1410 1410 1500 1720 USD Billion [+]
GDP Constant Prices 422505.00 424477 427459 429632 432085 460192 AUD Million [+]
Gross National Product 417164.00 422006 425631 427513 429635 458979 AUD Million [+]
Gross Fixed Capital Formation 103943.00 103683 104501 104385 104647 105832 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 10975.00 10874 10724 10476 10189 10130 AUD Million [+]
GDP From Construction 31849.00 31612 31439 31513 31467 31507 AUD Million [+]
GDP From Manufacturing 24296.00 24276 24249 24284 24348 24330 AUD Million [+]
GDP From Mining 29336.00 29707 30127 30359 30703 34555 AUD Million [+]
GDP From Public Administration 23034.00 23170 23270 23358 23497 24975 AUD Million [+]
GDP From Utilities 10658.00 10713 10734 10756 10787 11107 AUD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.90 5.9 6 6.1 6.2 6.2 percent [+]
Employed Persons 11998.82 12010 12036 12060 12082 12235 Thousand [+]
Unemployed Persons 748.10 746 755 705 766 775 Thousand [+]
Part Time Employment -33500.00 -12000 6000 5000 7423 6900 Persons [+]
Full Time Employment 27100.00 1779 6390 6338 6444 6593 Persons [+]
Employment Change -6400.00 15000 -1200 10000 18600 15600 Persons [+]
Labor Force Participation Rate 64.60 64.6 64.59 64.9 64.6 64.59 percent [+]
Youth Unemployment Rate 13.30 13.1 13.15 13.16 13.19 13.23 percent [+]
Productivity 101.90 102 102 102 102 102 Index Points [+]
Labour Costs 99.30 99.42 99.44 99.01 98.69 97.52 Index Points [+]
Job Vacancies 181.00 185 188 189 189 187 Thousand [+]
Job Advertisements 165643.04 166190 168348 169578 170377 171973 [+]
Wages 1163.50 1168 1173 1178 1182 1233 AUD/Week [+]
Wage Growth 1.90 2.4 2.4 2.02 2.9 3.3 percent [+]
Wages In Manufacturing 1295.10 1303 1311 1319 1327 1419 AUD/Week [+]
Minimum Wages 672.70 680 680 687 690 760 AUD/week [+]
Population 24.13 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 2582.40 2590 2588 2588 2588 2588 AUD/Month [+]
Living Wage Individual 2260.43 2219 2235 2229 2231 2231 AUD/Month [+]
Employment Rate 60.04 60.91 60.54 60.63 60.74 60.71 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.50 1.5 1.6 1.7 1.8 3.8 percent [+]
Inflation Rate Mom 0.50 0.4 0.5 0.4 0.7 1 percent [+]
Consumer Price Index CPI 110.00 111 111 112 112 119 Index Points [+]
Core Consumer Prices 111.27 111 112 113 113 121 Index Points [+]
Core Inflation Rate 1.60 1.68 1.76 1.82 1.8 2.1 percent [+]
GDP Deflator 103.06 104 105 105 105 110 Index Points [+]
Producer Prices 106.80 107 108 108 109 114 Index Points [+]
Producer Prices Change 0.70 1 1.1 1 1.1 1.9 percent [+]
Export Prices 86.00 79.38 78.81 77.66 76.87 77.55 Index Points [+]
Import Prices 102.70 103 103 103 103 103 Index Points [+]
Food Inflation 1.80 0.8 0.7 0.8 1 3 percent [+]
Inflation Expectations 4.00 3.94 4.02 4.05 4.06 4.07 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.50 1.5 1.5 1.5 1.5 3.5 percent [+]
Interbank Rate 2.09 1.97 1.73 2.04 3 4 percent [+]
Money Supply M0 102.45 102 102 102 102 102 AUD Billion [+]
Money Supply M1 342.07 344 349 352 356 400 AUD Billion [+]
Money Supply M3 1975.06 1997 2028 2059 2090 2438 AUD Billion [+]
Banks Balance Sheet 4167.98 4234 4282 4321 4367 4745 AUD Billion [+]
Central Bank Balance Sheet 171619.00 173080 173706 173704 173704 173704 AUD Million [+]
Foreign Exchange Reserves 66800.00 66616 66296 66524 66667 66788 AUD Million [+]
Loans to Private Sector 875.90 881 887 893 898 931 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 1302.00 -2220 -2220 1830 -2900 -3910 AUD Million [+]
Exports 31796.00 26200 26200 32170 26800 28500 AUD Million [+]
Imports 30494.00 30526 30756 30835 29700 32400 AUD Million [+]
Current Account -3853.00 -16700 -16700 -9827 -17900 -22900 AUD Million [+]
Current Account to GDP -4.60 0.2 0.3 -0.2 -0.3 -4.27 percent [+]
External Debt 1926696.00 1947470 1980877 2009676 2037172 2339507 AUD Million [+]
Terms of Trade 102.90 107 109 109 107 106 Index Points [+]
Foreign Direct Investment 29636.00 54238 54387 54536 54686 46728 AUD Million [+]
Capital Flows 3218.00 3100 8272 8170 4367 6059 AUD Million [+]
Tourist Arrivals 725800.00 769032 758311 788257 786774 782610 [+]
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 -11688.00 -5220 -5220 -3941 -4077 -3956 AUD Million [+]
Government Spending 77999.00 78635 79117 79523 79968 85302 AUD Million [+]
Government Revenues 28194.00 30212 32350 29796 32089 31840 AUD Million [+]
Fiscal Expenditure 39882.00 38202 37179 37285 37359 37342 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 7.00 4 4 6 8 6 [+]
Manufacturing PMI 59.30 54.1 54.1 56.82 55 52 [+]
Services PMI 49.00 49.8 49.8 50.66 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 81.39 81.37 81.37 81.38 81.38 81.38 percent [+]
New Orders 42.00 45.11 22.25 39.52 27.73 26.65 [+]
Changes in Inventories 552.00 566 449 447 429 425 AUD Million [+]
Bankruptcies 396.00 647 680 674 671 670 Companies [+]
Corporate Profits 77773.00 79378 79881 78470 64900 59900 AUD Million [+]
Total Vehicle Sales 94786.00 95781 96117 95861 95949 101000 [+]
Car Production 15808.00 11700 11700 13125 10700 12700 Units [+]
Car Registrations 13549.45 13611 13675 13740 13804 14803 Thousand [+]
Leading Economic Index -0.10 0.2 0.1 -0.3 0.2 0.1 percent [+]
Small Business Sentiment 1.56 3.6 2.09 2.22 2.58 2.4 [+]
Steel Production 436.66 445 442 443 443 443 Thousand Tonnes [+]
Private Investment -2.10 -1 -0.52 0.04 0.37 1.37 percent [+]
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 0.30 0.4 0.4 0.53 0.6 0.4 percent [+]
Corruption Index 79.00 79 79 79 79 79 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 99.70 98.2 99.71 99.69 103 108 [+]
Retail Sales MoM 0.40 0.29 0.31 0.32 0.32 0.32 percent [+]
Retail Sales YoY 3.20 4.2 4.2 3.42 4.6 3.6 percent [+]
Consumer Spending 240561.00 241926 243137 244555 245656 254933 AUD Million [+]
Disposable Personal Income 288116.00 291093 292791 294815 296837 319901 AUD Million [+]
Personal Savings 5.20 5.75 5.72 5.82 5.84 5.79 percent [+]
Consumer Credit 2576.31 2600 2636 2670 2704 3063 AUD Billion [+]
Private Sector Credit 0.20 0.48 0.44 0.44 0.44 0.44 percent [+]
Households Debt To Gdp 123.10 123 123 123 123 122 percent of GDP [+]
Bank Lending Rate 8.60 8.59 8.59 8.59 10 11 percent [+]
Gasoline Prices 1.01 0.84 0.74 1.01 0.9 0.93 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits 1.80 0.63 0.63 0.33 1.5 0.33 percent [+]
New Home Sales 7379.00 7150 7250 7200 7000 7450 [+]
Housing Index 4.10 3.43 4.04 2.51 3.47 3.72 percent [+]
Home Ownership Rate 67.00 66.95 66.85 66.76 66.66 65.22 percent [+]
Construction Output -0.20 0.3 0.3 0.88 2.2 0.85 percent [+]
Construction Pmi 53.10 51 51 49.17 55 49 Index Points [+]
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 45.00 47 47 45 45 45 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. 3/23/2017