Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.90 0.8 0.65 0.77 0.78 0.77 percent [+]
Unemployment Rate 5.80 6 6.2 6 5.9 6.2 percent [+]
Inflation Rate 1.70 2.2 2.5 2.7 2.9 3.8 percent [+]
Interest Rate 2.00 2 1.75 1.75 1.75 3.5 percent [+]
Balance of Trade -3535.00 -3160 -3259 -3239 -3243 -3242 AUD Million [+]
Government Debt to GDP 33.88 38 38 38 38 33.97 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 0.71 0.7 0.69 0.68 0.67 0.85 [+]
Stock Market 4775.68 4850 4700 4550 4450 6180 points [+]
Government Bond 10Y 2.41 2.82 2.9 3.04 3.17 4.14 percent [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.90 0.8 0.65 0.77 0.78 0.77 percent [+]
GDP Annual Growth Rate 2.50 2.22 2.4 1.9 1.8 2.78 percent [+]
GDP 1454.68 1601 1574 1546 1518 1760 USD Billion [+]
GDP Constant Prices 411643.00 416465 419441 422454 425499 477805 AUD Million [+]
Gross National Product 386409.00 389366 391092 392715 394132 415880 AUD Million [+]
Gross Fixed Capital Formation 99722.00 106390 107395 108017 108836 122800 AUD Million [+]
GDP per capita 37828.25 37904 38034 38164 38294 41668 USD [+]
GDP per capita PPP 43218.75 43241 43359 43477 43595 47209 USD [+]
GDP From Agriculture 8733.00 8631 8581 8532 8485 7842 AUD Million [+]
GDP From Construction 31582.00 31715 31928 31773 31895 31860 AUD Million [+]
GDP From Manufacturing 25033.00 25069 24999 24939 24949 24964 AUD Million [+]
GDP From Mining 36217.00 37134 37174 37893 38164 45446 AUD Million [+]
GDP From Public Administration 21535.00 21742 21903 21982 22071 23707 AUD Million [+]
GDP From Utilities 10971.00 10936 10999 11012 11041 11506 AUD Million [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 5.80 6 6.2 6 5.9 6.2 percent [+]
Employed Persons 11902.31 11985 12056 12120 12180 12675 Thousand [+]
Unemployed Persons 727.48 712 701 693 687 676 Thousand [+]
Part Time Employment -18600.00 7597 6851 6712 6713 6714 [+]
Full Time Employment 17600.00 13653 10370 8582 7752 7099 [+]
Employment Change -1000.00 26117 27516 27602 27607 27608 Persons [+]
Labor Force Participation Rate 65.10 65.13 65.15 65.15 65.15 65.15 percent [+]
Youth Unemployment Rate 12.10 11.74 11.47 11.31 11.21 11.04 percent [+]
Labour Costs 101.20 101 101 101 101 99.9 Index Points [+]
Productivity 101.30 98.58 97.94 97.71 97.61 96.24 Index Points [+]
Job Vacancies 167.00 174 179 182 183 182 Thousand [+]
Job Advertisements 156969.30 158153 159574 160496 161109 162354 [+]
Wages 1136.90 1164 1179 1195 1171 1256 AUD/Week [+]
Wages In Manufacturing 1259.00 1302 1311 1321 1331 1494 AUD/Week [+]
Wage Growth 2.30 2.51 2.58 2.65 2.69 2.96 percent [+]
Minimum Wages 656.90 670 670 670 670 760 AUD/week [+]
Population 23.49 24 24.11 24.22 24.22 26.07 Million [+]
Retirement Age Women 64.50 64.5 64.5 64.5 64.5 64.5 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Wages High Skilled 5000.00 5000 5000 5000 5000 5000 AUD/Month [+]
Employment Rate 61.90 61.73 61.62 61.62 61.64 61.64 percent [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 1.70 2.2 2.5 2.7 2.9 3.8 percent [+]
Inflation Rate Mom 0.40 0.48 0.52 0.51 0.5 0.54 percent [+]
Consumer Price Index CPI 108.40 109 109 110 111 120 Index Points [+]
Core Consumer Prices 109.40 110 111 111 112 120 Index Points [+]
Core Inflation Rate 2.15 2.09 2.23 2.18 2.17 2.17 percent [+]
GDP Deflator 99.10 99.26 99.37 99.44 99.51 100 Index Points [+]
Producer Prices 106.10 0.3 107 108 108 116 Index Points [+]
Producer Prices Change 1.90 2.28 2.08 1.86 1.62 1.72 percent [+]
Export Prices 76.50 76.55 77.64 77.39 78.58 77.9 Index Points [+]
Import Prices 107.70 107 108 107 107 107 Index Points [+]
Food Inflation 0.40 0.47 0.64 1.16 1.06 0.86 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 2.00 2 1.75 1.75 1.75 3.5 percent [+]
Interbank Rate 2.44 2.4 2.4 2.5 2.38 4 percent [+]
Money Supply M0 100.60 102 107 112 117 211 AUD Billion [+]
Money Supply M1 313835.00 313068 312317 311580 310857 301046 AUD Million [+]
Money Supply M3 1836.85 1564854 1327377 1063916 777563 -3370765 AUD Million [+]
Banks Balance Sheet 3906.01 4106 4191 4275 4359 5824 AUD Billion [+]
Central Bank Balance Sheet 149464.00 147519 147443 147443 147443 147443 AUD Million [+]
Foreign Exchange Reserves 61585.00 61305 61521 62108 62463 62784 AUD Million [+]
Loans to Private Sector 830.60 -381076 132159 -135327 -22320 151046 AUD Million [+]
Deposit Interest Rate 2.90 3.03 3.05 3.06 3.06 2.97 percent [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade -3535.00 -3160 -3259 -3239 -3243 -3242 AUD Million [+]
Exports 25247.00 25388 25192 25189 25187 25186 AUD Million [+]
Imports 28782.00 28755 28658 28622 28609 28600 AUD Million [+]
Current Account -18104.00 -16853 -16570 -16390 -16284 -17051 AUD Million [+]
Current Account to GDP -2.80 -3.02 -3.07 -3.12 -3.18 -3.27 percent [+]
External Debt 1907269.00 2003054 2047161 2106640 2160515 2976552 AUD Million [+]
Terms of Trade 83.30 84.73 85.27 85.25 85.2 85.01 Index Points [+]
Foreign Direct Investment 57525.00 47623 47618 53696 55024 56313 AUD Million [+]
Capital Flows 18753.00 14783 16123 17035 15787 16043 AUD Million [+]
Tourist Arrivals 668900.00 634642 634363 635294 634580 634777 [+]
Gold Reserves 79.85 79.84 79.84 79.84 79.84 79.84 Tonnes [+]
Crude Oil Production 301.00 311 312 312 312 312 BBL/D/1K [+]
Terrorism Index 3.11 2.1 1.87 1.64 1.64 1.02 [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 33.88 38 38 38 38 33.97 percent [+]
Government Budget -3.10 -3 -3.5 -3.8 -3.76 -1.8 percent of GDP [+]
Government Budget Value -8745.00 -6029 -5179 -4764 -4550 -4402 AUD Million [+]
Government Spending 73344.00 73895 74318 74690 75067 81176 AUD Million [+]
Government Revenues 30737.00 30596 32657 31764 33420 33984 AUD Million [+]
Fiscal Expenditure 35341.00 35394 35260 35250 35258 35257 AUD Million [+]
Credit Rating 97.31 [+]
Asylum Applications 1787.00 1787 1787 1787 1787 1787 Persons [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence 2.00 2.96 3.88 4.49 4.85 5.41 [+]
Services PMI 48.40 48.53 48.06 48.08 48.07 48.05 Index Points [+]
Manufacturing PMI 51.50 51.82 51.81 51.8 51.8 51.8 [+]
Industrial Production 2.18 3.38 4.27 3.15 2.59 2.79 percent [+]
Industrial Production Mom -1.20 0.69 0.88 0.63 0.58 0.61 percent [+]
Manufacturing Production -0.92 1.27 1.8 2.01 2.2 2.36 percent [+]
Capacity Utilization 80.04 80.38 80.37 80.37 80.36 80.36 percent [+]
New Orders 15.00 33.03 18.12 33.32 16.63 17.67 [+]
Changes in Inventories -411.00 229 358 386 414 436 AUD Million [+]
Bankruptcies 872.00 1031 992 983 952 921 Companies [+]
Corporate Profits 64619.00 65302 65408 65027 65079 65066 AUD Million [+]
Total Vehicle Sales 97338.00 97081 97716 97605 97487 97546 [+]
Car Production 9506.00 12924 14034 13538 13468 13468 Units [+]
Car Registrations 13297.26 13315 13392 13469 13546 14798 Thousand [+]
Leading Economic Index 97.14 96.98 96.88 96.84 96.82 96.81 Index Points [+]
Small Business Sentiment -2.26 -2.64 -3.18 -3.38 -2.89 -3.06 [+]
Mining Production 6.24 4.95 3.81 4.32 2.64 8.61 percent [+]
Competitiveness Index 5.15 5.08 5.08 5.08 5.08 5.15 Points [+]
Competitiveness Rank 21.00 24.02 24.02 24.02 24.02 29 [+]
Business Inventories 0.10 0.39 0.39 0.41 0.45 0.53 Percent [+]
Corruption Index 79.00 80.65 80.79 80.92 81.05 83.14 Points [+]
Corruption Rank 13.00 13.81 14.12 14.42 14.72 8.31 [+]
Ease of Doing Business 13.00 11.97 12.12 12.28 12.44 11.64 [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence 101.30 101 101 101 101 101 [+]
Retail Sales MoM 0.00 0.3 0.33 0.33 0.33 0.33 percent [+]
Retail Sales YoY 4.00 2.7 2.26 2.32 2.09 1.98 percent [+]
Consumer Spending 228840.00 231628 233136 234656 236186 262262 AUD Million [+]
Disposable Personal Income 280915.00 286957 290496 294008 297570 358436 AUD Million [+]
Personal Savings 9.00 8.95 8.89 8.9 8.91 8.91 percent [+]
Consumer Credit 2425.45 -494212 50360 -148853 -17824 396536 AUD Million [+]
Private Sector Credit 0.50 0.56 0.54 0.54 0.54 0.54 percent [+]
Bank Lending Rate 8.80 8.79 8.79 8.79 8.79 8.79 percent [+]
Gasoline Prices 0.79 0.79 0.78 0.78 0.78 0.78 USD/Liter [+]
Households Debt To Gdp 122.30 126 127 128 129 135 percent of GDP [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Building Permits 9.20 0.82 0.41 0.33 0.33 0.33 percent [+]
New Home Sales 7703.00 7584 7587 7585 7585 7585 [+]
Housing Index 2.00 0.14 1.72 1.23 2.44 2.1 percent [+]
Construction Output -3.60 1.7 0.12 1.44 0.79 1.01 percent [+]
Construction Pmi 46.30 46.54 46.36 46.25 46.17 45.91 Index Points [+]
Home Ownership Rate 67.00 67 67 67 67 67 percent [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 45.00 45 45 45 45 45 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 11.25 10.75 10.75 11.25 11.25 11.25 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 1.5 1.5 2 2 2 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. 2/10/2016