Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.65 0.76 0.79 0.78 0.78 percent [+]
Unemployment Rate 5.70 6.2 6 5.9 6.1 6.2 percent [+]
Inflation Rate 1.30 2.2 2.3 2.7 2.8 3.8 percent [+]
Interest Rate 2.00 1.75 1.75 1.75 1.75 3.5 percent [+]
Balance of Trade -3410.00 -3386 -3367 -3373 -3371 -3371 AUD Million [+]
Government Debt to GDP 33.88 38 38 38 39 35.78 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 0.76 0.76 0.76 0.75 0.74 1.09 [+]
Stock Market 5252.20 5090 4930 4770 4670 6490 points [+]
Government Bond 10Y 2.52 2.58 2.66 2.78 2.91 3.8 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.65 0.76 0.79 0.78 0.78 percent [+]
GDP Annual Growth Rate 3.00 2.4 1.9 1.8 2 2.8 percent [+]
GDP 1454.68 1595 1599 1603 1626 1753 USD Billion [+]
GDP Constant Prices 415236.00 420138 422195 424605 426928 462344 AUD Million [+]
Gross National Product 386902.00 390787 392370 393641 395004 414797 AUD Million [+]
Gross Fixed Capital Formation 100085.00 99458 99153 99292 99228 95857 AUD Million [+]
GDP per capita 37828.25 37897 38005 38114 38214 39616 USD [+]
GDP per capita PPP 43218.75 43287 43487 43687 43805 45570 USD [+]
GDP From Agriculture 8876.00 8809 8765 8729 8691 8186 AUD Million [+]
GDP From Construction 31939.00 32217 32286 32303 32321 31799 AUD Million [+]
GDP From Manufacturing 24237.00 24123 24147 24138 24125 23921 AUD Million [+]
GDP From Mining 36544.00 37338 37552 37609 37669 37338 AUD Million [+]
GDP From Public Administration 21882.00 21791 21766 21770 21765 21686 AUD Million [+]
GDP From Utilities 11307.00 11312 11370 11341 11360 11318 AUD Million [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 5.70 6.2 6 5.9 6.1 6.2 percent [+]
Employed Persons 11909.55 11945 11979 12011 12039 12262 Thousand [+]
Unemployed Persons 723.11 718 711 706 703 696 Thousand [+]
Part Time Employment -15600.00 7017 6684 6740 6744 6743 [+]
Full Time Employment -8800.00 2901 5213 6192 6588 6882 [+]
Employment Change 26100.00 17948 17637 17617 17616 17616 Persons [+]
Labor Force Participation Rate 64.90 64.91 64.91 64.91 64.91 64.91 percent [+]
Youth Unemployment Rate 12.20 12.09 12.02 11.97 11.94 11.88 percent [+]
Labour Costs 101.00 101 100 100 100 99.24 Index Points [+]
Productivity 101.60 104 105 105 105 105 Index Points [+]
Job Vacancies 172.90 177 178 178 178 178 Thousand [+]
Job Advertisements 155108.20 154847 154654 154523 154434 154254 [+]
Wages 1145.70 1179 1195 1166 1171 1230 AUD/Week [+]
Wages In Manufacturing 1266.90 1277 1286 1295 1303 1328 AUD/Week [+]
Wage Growth 2.20 2.36 2.48 2.6 2.71 3.29 percent [+]
Minimum Wages 656.90 670 670 670 680 760 AUD/week [+]
Population 23.80 23.99 24.08 24.17 24.27 25.62 Million [+]
Retirement Age Women 64.50 64.5 64.67 64.73 64.73 64.84 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Wages High Skilled 5000.00 5000 5000 5000 5000 5000 AUD/Month [+]
Employment Rate 61.46 61.04 61.15 61.28 61.28 61.24 percent [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate 1.30 2.2 2.3 2.7 2.8 3.8 percent [+]
Inflation Rate Mom -0.20 0.33 0.33 0.33 0.29 0.42 percent [+]
Consumer Price Index CPI 108.20 109 109 109 111 119 Index Points [+]
Core Consumer Prices 109.60 110 111 111 113 118 Index Points [+]
Core Inflation Rate 1.67 1.77 1.64 1.59 1.76 1.73 percent [+]
GDP Deflator 99.00 98.93 98.93 99.01 99.05 97.04 Index Points [+]
Producer Prices 105.90 106 106 107 107 115 Index Points [+]
Producer Prices Change 1.20 0.79 0.18 0 0.18 0.71 percent [+]
Export Prices 72.90 77.64 74.76 76.31 77.37 76.11 Index Points [+]
Import Prices 104.50 108 104 104 104 104 Index Points [+]
Food Inflation 0.00 0.08 0.65 0.53 0.64 0.48 percent [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 2.00 1.75 1.75 1.75 1.75 3.5 percent [+]
Interbank Rate 2.45 2.4 2.5 2.42 2.42 4 percent [+]
Money Supply M0 98.79 104 109 114 119 202 AUD Billion [+]
Money Supply M1 322.77 322 322 321 321 314 AUD Billion [+]
Money Supply M3 1872.31 1904 1938 1973 2009 2640 AUD Billion [+]
Banks Balance Sheet 3906.01 4020 4087 4115 4138 4447 AUD Billion [+]
Central Bank Balance Sheet 165000.00 164753 164698 164698 164698 164698 AUD Million [+]
Foreign Exchange Reserves 64339.00 64743 64828 64814 64795 64775 AUD Million [+]
Loans to Private Sector 845.99 858 868 877 886 946 AUD Billion [+]
Deposit Interest Rate 2.90 3.21 3.11 3.02 3.03 2.97 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade -3410.00 -3386 -3367 -3373 -3371 -3371 AUD Million [+]
Exports 25265.00 25130 25123 25117 25117 25117 AUD Million [+]
Imports 28675.00 28378 28310 28285 28276 28270 AUD Million [+]
Current Account -21106.00 -17734 -16810 -16261 -16199 -16921 AUD Million [+]
Current Account to GDP -4.60 -4.34 -4.55 -4.77 -4.74 -4.3 percent [+]
External Debt 1911243.00 1988592 2054431 2097423 2146370 2794241 AUD Million [+]
Terms of Trade 80.60 80.18 79.9 80.18 80.27 80.31 Index Points [+]
Foreign Direct Investment 57525.00 47618 55218 55906 57028 60498 AUD Million [+]
Capital Flows 20866.00 18307 20218 19825 19482 19527 AUD Million [+]
Tourist Arrivals 796700.00 718556 759039 752661 745341 748507 [+]
Gold Reserves 79.85 79.84 79.84 79.84 79.84 79.85 Tonnes [+]
Crude Oil Production 330.00 339 339 334 334 334 BBL/D/1K [+]
Terrorism Index 3.11 1.45 1.92 2.39 2.31 1.85 [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 33.88 38 38 38 39 35.78 percent [+]
Government Budget -2.40 -3.5 -1.43 -3.76 -3.5 -1.8 percent of GDP [+]
Government Budget Value -1739.00 -4745 -4672 -4401 -4219 -3934 AUD Million [+]
Government Spending 73652.00 73971 74508 75022 75443 74641 AUD Million [+]
Government Revenues 32801.00 34962 32970 34946 32989 34886 AUD Million [+]
Fiscal Expenditure 34876.00 35109 35166 35119 35112 35115 AUD Million [+]
Asylum Applications 1787.00 1787 1787 1787 1787 1787 Persons [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 6.00 5.82 5.76 5.75 5.74 5.73 [+]
Services PMI 49.50 48.68 48.41 48.38 48.29 48.22 Index Points [+]
Manufacturing PMI 58.10 56.66 56.34 56.28 56.27 56.27 [+]
Industrial Production 1.72 2.27 2.45 2.54 2.23 2.3 percent [+]
Industrial Production Mom 0.10 0.43 0.26 0.42 0.62 0.57 percent [+]
Manufacturing Production -3.87 -3.61 -3.98 -2.61 -2.16 -3.05 percent [+]
Capacity Utilization 82.09 81.78 81.79 81.81 81.82 81.82 percent [+]
New Orders 34.00 19.87 21.19 0.23 7.14 12.75 [+]
Changes in Inventories 285.00 537 446 498 498 431 AUD Million [+]
Bankruptcies 461.00 643 645 644 644 775 Companies [+]
Corporate Profits 62931.00 62681 62819 62885 62936 62915 AUD Million [+]
Total Vehicle Sales 100295.00 99431 99099 99253 99326 99273 [+]
Car Production 13184.00 14060 13827 13795 13800 13744 Units [+]
Car Registrations 13549.45 13662 13723 13785 13843 14803 Thousand [+]
Leading Economic Index 96.59 96.36 96.25 96.21 96.19 96.17 Index Points [+]
Small Business Sentiment -4.14 -8.68 -6.55 -6.08 -5.24 -5.51 [+]
Steel Production 340.00 364 363 361 361 362 Thousand Tonnes [+]
Mining Production 7.00 3.81 4.32 2.64 2.64 5.03 percent [+]
Competitiveness Index 5.15 5.11 5.11 5.11 5.18 5.18 Points [+]
Competitiveness Rank 21.00 20 20 20 19 17 [+]
Business Inventories -0.40 0.27 0.29 0.31 0.39 0.52 percent [+]
Corruption Index 79.00 81 81 82 82 87 Points [+]
Corruption Rank 13.00 12 12 12 12 8 [+]
Ease of Doing Business 13.00 11 11 11 11 11 [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence 95.10 96.34 96.4 96.37 96.37 96.37 [+]
Retail Sales MoM 0.00 0.35 0.33 0.32 0.32 0.32 percent [+]
Retail Sales YoY 3.70 2.93 2.97 2.86 2.78 2.75 percent [+]
Consumer Spending 231322.00 234410 235788 237128 238562 254766 AUD Million [+]
Disposable Personal Income 281245.00 285748 288175 290818 292649 319862 AUD Million [+]
Personal Savings 7.60 8.07 7.83 8.18 8.05 8.09 percent [+]
Consumer Credit 2465.06 2504 2543 2580 2618 3102 AUD Billion [+]
Private Sector Credit 0.40 0.5 0.51 0.51 0.51 0.51 percent [+]
Bank Lending Rate 8.95 9.02 9.07 9.11 9.13 9.17 percent [+]
Gasoline Prices 0.86 0.84 0.85 0.85 0.85 0.85 USD/Liter [+]
Households Debt To Gdp 123.10 126 127 128 128 132 percent of GDP [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Building Permits 3.10 0.49 0.34 0.33 0.33 0.33 percent [+]
New Home Sales 7332.00 7561 7579 7582 7582 7582 [+]
Housing Index 0.20 -0.41 0.08 1 0.85 0.24 percent [+]
Construction Output -3.60 0.15 0.63 1.25 0.9 0.94 percent [+]
Construction Pmi 45.20 45.45 45.54 45.61 45.67 45.82 Index Points [+]
Home Ownership Rate 67.00 66.85 66.76 66.66 66.59 65.22 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Corporate Tax Rate 30.00 30 30 30 30 30 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 11.25 11.25 11.25 11.25 11.25 11.5 percent [+]
Social Security Rate For Companies 9.25 9.25 9.25 9.25 9.25 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. 4/30/2016