Australia | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 0.77 0.81 0.78 0.8 0.77 0.8 [+]
Government Bond 10Y 2.49 2.7 2.8 3 6 3.1 [+]
Stock Market 5958.90 5810 5760 5840 6420 7060 [+]
GDP Actual Q1/15 Q2/15 2020 2030 2050
GDP 1560.60 1608 1615 1900 2200 2661 [+]
GDP Growth Rate 0.30 0.8 0.7 1 1 0.51 [+]
GDP Annual Growth Rate 2.70 3 2.79 2.54 2.79 2.72 [+]
GDP Constant Prices 395148.00 403508 404979 481757 678505 618588 [+]
Gross National Product 379020.00 383501 387763 412791 485151 579035 [+]
GDP per capita 37492.85 37805 37852 40259 42314 48316 [+]
Gross Fixed Capital Formation 103088.00 102389 102482 110443 112413 122353 [+]
GDP per capita PPP 42809.93 43132 43202 48084 52385 56421 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 6.40 6.37 6.45 5.8 5.8 5.7 [+]
Employed Persons 11668.69 11702 11739 13179 15265 17269 [+]
Full Time Employment -28100.00 2410 2068 6060 8040 6540 [+]
Employment Change -12200.00 15395 14817 13114 13113 13113 [+]
Unemployed Persons 795.18 796 805 795 805 825 [+]
Job Vacancies 142397.70 142976 145813 132834 132938 135718 [+]
Youth Unemployment Rate 13.20 13.44 13.74 13.2 13.36 13.69 [+]
Productivity 102.80 104 104 116 131 99.96 [+]
Labor Force Participation Rate 64.79 64.7 64.73 65.34 66.28 65.88 [+]
Wages 1128.70 1153 1145 1181 1300 1630 [+]
Wages In Manufacturing 1268.50 1348 1220 1380 1500 1627 [+]
Labour Costs 102.60 103 103 106 111 112 [+]
Population 23.13 23.63 23.73 25.76 28.83 33.15 [+]
Retirement Age Women 64.50 65 65 66 68.5 66 [+]
Retirement Age Men 65.00 65 65 66 68.5 65 [+]
Minimum Wages 640.90 635 646 746 780 735 [+]
Wage Growth 2.50 2.52 2.62 3.38 3.41 3.41 [+]
Prices Actual Q1/15 Q2/15 2020 2030 2050
Inflation Rate 1.70 1.6 1.7 1.8 3 3.2 [+]
Inflation Rate Mom 0.20 0.49 0.57 0.3 0.3 0.22 [+]
Consumer Price Index CPI 106.60 107 107 113 121 131 [+]
Core Inflation Rate 2.10 1.98 1.85 2.03 2.04 2.04 [+]
Core Consumer Prices 107.10 108 108 115 124 124 [+]
GDP Deflator 101.20 101 101 106 116 126 [+]
Producer Prices 104.10 104 104 117 128 149 [+]
Producer Prices Change 1.10 0.9 0.74 0.95 1.09 1.09 [+]
Export Prices 85.30 85.8 86.34 86.22 86.22 86.22 [+]
Import Prices 105.20 105 105 105 105 105 [+]
Food Inflation 2.00 3.41 3.46 2.98 3.01 3.02 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 2.25 2.25 2.25 2.25 4.5 5.65 [+]
Interbank Rate 2.69 2.5 2.6 2.6 5 6.91 [+]
Money Supply M1 316253.00 318680 322302 399675 530071 755337 [+]
Money Supply M3 1739687.00 1754424 1776092 1956472 1980307 1980813 [+]
Central Bank Balance Sheet 146549.00 140972 142954 140372 140372 140372 [+]
Foreign Exchange Reserves 62537.00 62000 63902 62367 62155 62107 [+]
Loans to Private Sector 2049072.00 2070324 2110461 2942908 4449678 7452049 [+]
Banks Balance Sheet 3456.38 3601 3644 3754 3754 3754 [+]
Money Supply M0 89.09 87.94 88.47 88.45 88.43 88.38 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -436.00 -1578 -1531 680 1682 380 [+]
Exports 27243.00 25937 25976 30393 32396 36394 [+]
Imports 27680.00 27515 27507 29712 30714 36014 [+]
Current Account -9588.00 -11425 -11185 -12250 -14800 -11248 [+]
Current Account to GDP -2.90 -2.22 -2.14 -1.9 -1.9 -1.9 [+]
External Debt 1612746.00 1665167 1684399 1681707 1681969 1681976 [+]
Terms of Trade 89.50 86.33 86.17 89.75 90.12 90.24 [+]
Foreign Direct Investment 52667.00 52418 52413 52403 52403 52403 [+]
Capital Flows 15133.00 12290 11753 12845 12849 12849 [+]
Tourist Arrivals 517500.00 653964 564851 653283 653281 653281 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 [+]
Crude Oil Production 327.00 318 333 348 337 348 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -3.10 -3.8 -4 -4.01 -0.3 0 [+]
Government Debt to GDP 28.60 30.11 31.08 32.32 34.73 30.72 [+]
Government Budget Value -9253.00 -5215 -4374 -6104 -6104 -6104 [+]
Government Spending 69973.00 70262 70561 72406 69737 64979 [+]
Credit Rating 96.54 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 3.00 3.68 2.68 2.73 2.69 2.69 [+]
Manufacturing PMI 45.40 48.07 48.74 47.33 47.34 47.34 [+]
Services PMI 49.50 46.63 45.36 45.37 45.37 45.37 [+]
Industrial Production 3.68 5.07 4.77 3.82 4.48 4.17 [+]
Manufacturing Production -1.12 -0.28 -0.39 0.16 0.42 0.67 [+]
Capacity Utilization 79.96 80.46 80.27 81.61 82.64 82.43 [+]
New Orders 4.00 13.17 7.66 14.69 14.62 14.62 [+]
Changes in Inventories 838.00 582 1128 460 459 459 [+]
Bankruptcies 631.00 748 698 614 614 614 [+]
Corporate Profits 64511.00 64522 64528 64528 64528 64528 [+]
Car Registrations 13297.26 13300 13400 13550 17000 19000 [+]
Industrial Production Mom 0.47 0.21 0.69 0.56 0.56 0.56 [+]
Leading Economic Index 98.00 99.87 98.86 101 103 99.85 [+]
Mining Production 11.30 8.44 7.58 4.79 4.78 4.78 [+]
Small Business Sentiment -1.71 -2.24 -0.75 1.84 1.84 1.84 [+]
Total Vehicle Sales 93104.00 92422 91871 93592 93594 93594 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence 100.70 101 98.59 96.96 94.92 102 [+]
Retail Sales MoM 0.20 0.31 0.45 0.27 0.27 0.27 [+]
Retail Sales YoY 3.30 4.28 4.72 4.08 4.08 4.08 [+]
Consumer Spending 216940.00 219036 219856 234632 254803 294804 [+]
Disposable Personal Income 269783.00 272084 272925 317457 317457 354571 [+]
Personal Savings 9.30 9.32 9.42 9.54 9.32 9.38 [+]
Consumer Credit 2276890.00 2299356 2332563 2921960 3520916 3925096 [+]
Private Sector Credit 0.50 0.57 0.55 0.54 0.54 0.54 [+]
Bank Lending Rate 9.30 9.3 9.3 10 12 9.3 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 1.90 2.1 2 1.7 2.45 3.33 [+]
Building Permits 7.90 0.68 0.6 0.54 0.54 0.54 [+]
New Home Sales 7651.00 8004 8518 7601 9456 8856 [+]
Taxes Actual Q1/15 Q2/15 2020 2030 2050
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 10.75 10.75 10.75 12 12 10.61 [+]
Social Security Rate For Companies 9.25 9.25 9.25 10 10 9.26 [+]
Social Security Rate For Employees 1.50 1.5 1.5 2 2 1.5 [+]