Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate -0.50 0.5 0.8 0.7 0.88 0.8 percent [+]
Unemployment Rate 5.60 5.9 5.9 6 6.1 6.2 percent [+]
Inflation Rate 1.30 1.3 1.5 2 2 3.8 percent [+]
Interest Rate 1.50 1.5 1.5 1.25 1 3.5 percent [+]
Balance of Trade -1541.00 -2330 -2220 -2220 -1501 -3910 AUD Million [+]
Government Debt to GDP 36.80 38 39 39 39.45 39.39 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 0.75 0.73 0.73 0.72 0.71 0.59 [+]
Stock Market 5560.60 5270 5220 5160 5110 4260 points [+]
Government Bond 10Y 2.82 2.6 2.62 2.65 2.67 3.08 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate -0.50 0.5 0.8 0.7 0.88 0.8 percent [+]
GDP Annual Growth Rate 1.80 2.7 2.6 2.8 2.7 2.9 percent [+]
GDP 1339.54 1330 1410 1410 1410 1720 USD Billion [+]
GDP Constant Prices 417688.00 425570 428562 431581 434626 476364 AUD Million [+]
Gross National Product 406142.00 407232 408936 410332 412177 434992 AUD Million [+]
Gross Fixed Capital Formation 101340.00 106000 107000 108000 108000 118000 AUD Million [+]
GDP per capita 54717.71 55160 56000 56000 56000 59160 USD [+]
GDP per capita PPP 43654.58 43957 44370 44370 44370 46000 USD [+]
GDP From Agriculture 9601.00 8980 9007 9017 9046 9368 AUD Million [+]
GDP From Construction 32222.00 31984 31767 31596 31712 31686 AUD Million [+]
GDP From Manufacturing 24657.00 24767 24792 24759 24770 24749 AUD Million [+]
GDP From Mining 28476.00 28525 28936 29252 29539 32630 AUD Million [+]
GDP From Public Administration 22750.00 22825 23025 23155 23258 24791 AUD Million [+]
GDP From Utilities 10629.00 10696 10724 10740 10773 11125 AUD Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.60 5.9 5.9 6 6.1 6.2 percent [+]
Employed Persons 11938.88 11948 11956 11963 11969 12016 Thousand [+]
Unemployed Persons 705.12 699 692 688 705 678 Thousand [+]
Part Time Employment -31700.00 7000 -12000 6000 5000 6900 [+]
Full Time Employment 41500.00 -6491 1418 4789 5813 6404 [+]
Employment Change 9800.00 5400 15000 -1200 10000 15600 Persons [+]
Labor Force Participation Rate 64.40 64.39 64.4 64.4 64.9 64.4 percent [+]
Youth Unemployment Rate 12.61 12.77 12.76 12.76 12.76 12.75 percent [+]
Labour Costs 99.90 99.04 98.52 98.37 97.98 96.42 Index Points [+]
Productivity 103.50 105 106 106 106 109 Index Points [+]
Job Vacancies 175.30 181 185 188 189 187 Thousand [+]
Job Advertisements 164438.00 165206 168762 171089 172636 175748 [+]
Wages 1160.90 1172 1178 1183 1189 1261 AUD/Week [+]
Wages In Manufacturing 1282.70 1277 1286 1295 1303 1328 AUD/Week [+]
Wage Growth 1.90 2.1 2.4 2.4 2.12 3.3 percent [+]
Minimum Wages 656.90 670 680 680 657 760 AUD/week [+]
Population 23.94 24.28 24.37 24.46 24.54 25.62 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 5350.00 5517 5531 5535 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 60.77 60.79 60.76 60.76 60.77 60.77 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.30 1.3 1.5 2 2 3.8 percent [+]
Inflation Rate Mom 0.70 0.5 0.7 0.7 0.6 1 percent [+]
Consumer Price Index CPI 109.40 110 111 111 112 119 Index Points [+]
Core Consumer Prices 110.61 111 111 112 113 121 Index Points [+]
Core Inflation Rate 1.70 1.64 1.68 1.76 1.82 2.1 percent [+]
GDP Deflator 101.06 102 102 102 102 105 Index Points [+]
Producer Prices 106.30 107 107 108 108 114 Index Points [+]
Producer Prices Change 0.50 0.9 1 1.1 1 1.9 percent [+]
Export Prices 76.50 78.5 79.38 78.81 77.66 77.55 Index Points [+]
Import Prices 102.50 103 103 103 103 103 Index Points [+]
Food Inflation 1.50 1.2 0.8 0.7 0.8 3 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.50 1.5 1.5 1.25 1 3.5 percent [+]
Interbank Rate 2.18 2.15 1.97 1.73 2.13 4 percent [+]
Money Supply M0 99.25 105 110 115 120 189 AUD Billion [+]
Money Supply M1 330.68 342 350 359 367 494 AUD Billion [+]
Money Supply M3 1918.83 1965 2000 2035 2072 2612 AUD Billion [+]
Banks Balance Sheet 4098.68 4280 4362 4444 4526 5706 AUD Billion [+]
Central Bank Balance Sheet 157256.00 158446 158211 158211 158211 158211 AUD Million [+]
Foreign Exchange Reserves 64857.00 65072 65265 65392 65457 65517 AUD Million [+]
Loans to Private Sector 863.03 871 878 885 891 929 AUD Billion [+]
Deposit Interest Rate 2.30 2.92 2.93 2.93 2.28 3.97 percent [+]
Private Debt to GDP 222.38 231 232 234 235 244 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -1541.00 -2330 -2220 -2220 -1501 -3910 AUD Million [+]
Exports 27631.00 26200 26200 26200 27900 28500 AUD Million [+]
Imports 29172.00 29100 29100 29200 29200 32400 AUD Million [+]
Current Account -11358.00 -13706 -16700 -16700 -12870 -22900 AUD Million [+]
Current Account to GDP -4.60 -4.66 -4.47 -4.28 -4.09 -4.27 percent [+]
External Debt 1941405.00 2049560 2085408 2118805 2153597 2637416 AUD Million [+]
Terms of Trade 80.50 82.12 82.49 82.34 82.25 82.08 Index Points [+]
Foreign Direct Investment 29636.00 54686 52779 50872 48966 46728 AUD Million [+]
Capital Flows 15721.00 17236 15477 15976 15761 16145 AUD Million [+]
Tourist Arrivals 647200.00 651583 633637 638606 640673 639384 [+]
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 3.05 2.97 2.89 2.81 3.05 [+]
Weapons Sales 113.00 72.16 72.43 72.69 70.33 63.03 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 36.80 38 39 39 39.45 39.39 percent [+]
Government Budget -2.40 -3.7 -3 -3 -2.27 -1.8 percent of GDP [+]
Government Budget Value 1120.00 -4900 -5220 -5220 -3580 -3263 AUD Million [+]
Government Spending 77644.00 78077 78631 79063 79490 85266 AUD Million [+]
Government Revenues 38090.00 29747 28752 31738 30066 33170 AUD Million [+]
Fiscal Expenditure 36971.00 36384 36419 36418 36418 36418 AUD Million [+]
Military Expenditure 27793.00 28387 28676 28964 28956 29324 USD Million [+]
Asylum Applications 1519.00 1672 1673 1673 1673 1673 Persons [+]
Government Spending To Gdp 36.20 35.68 35.8 35.65 35.51 34.68 percent [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 4.00 5 4 4 6 6 [+]
Manufacturing PMI 54.20 54 54.1 54.1 52.77 52 [+]
Services PMI 51.10 50 49.8 49.8 48.59 50.2 Index Points [+]
Industrial Production 3.61 1.75 2.06 2.77 3.75 3.13 percent [+]
Industrial Production Mom -1.48 0.4 0.52 0.93 0.67 0.62 percent [+]
Manufacturing Production -2.18 0.36 1.11 1.53 1.83 2.42 percent [+]
Capacity Utilization 80.52 80.57 80.59 80.58 80.58 80.58 percent [+]
New Orders 27.00 13.01 33.22 15.47 29.15 16.03 [+]
Changes in Inventories 1053.00 671 601 479 448 412 AUD Million [+]
Bankruptcies 812.00 663 822 788 744 744 Companies [+]
Corporate Profits 64174.00 64746 64657 64018 64090 59900 AUD Million [+]
Total Vehicle Sales 97940.00 98482 98242 98597 98544 101000 [+]
Car Production 11766.00 11700 11700 11700 13765 12700 Units [+]
Car Registrations 13549.45 13804 13867 13930 13992 14803 Thousand [+]
Leading Economic Index 0.10 -0.1 0.2 0.1 -0.3 0.1 percent [+]
Small Business Sentiment 1.90 -2.64 -0.79 -1.33 -0.98 -0.62 [+]
Steel Production 481.70 482 484 486 485 485 Thousand Tonnes [+]
Mining Production 9.94 2.64 2.64 2.64 7.22 8.4 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 0.3 0.4 0.4 0.52 0.4 percent [+]
Corruption Index 79.00 81.06 81.19 81.32 81.45 83.16 Points [+]
Corruption Rank 13.00 14.9 14.78 14.66 14.55 8.55 [+]
Ease of Doing Business 15.00 12.86 13.64 14.02 14.41 13.34 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 101.30 101 101 101 101 108 [+]
Retail Sales MoM 0.50 0.33 0.34 0.33 0.33 0.33 percent [+]
Retail Sales YoY 3.30 3.9 4.2 4.2 3.5 3.6 percent [+]
Consumer Spending 238664.00 240750 242335 243932 245540 267515 AUD Million [+]
Disposable Personal Income 287139.00 294608 298012 301435 304886 352031 AUD Million [+]
Personal Savings 8.00 8.12 8.02 8.06 8.05 8.05 percent [+]
Consumer Credit 2525.28 2555 2585 2613 2642 2959 AUD Billion [+]
Private Sector Credit 0.50 0.4 0.41 0.41 0.41 0.41 percent [+]
Bank Lending Rate 8.60 8.56 8.53 8.52 8.5 11 percent [+]
Gasoline Prices 0.89 0.9 0.84 0.74 0.88 0.93 USD/Liter [+]
Households Debt To Gdp 125.20 128 129 129 130 133 percent of GDP [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Building Permits -12.60 -1.66 0.63 0.63 0.37 0.36 percent [+]
New Home Sales 7094.00 7200 7150 7250 7200 7450 [+]
Housing Index 2.00 2.29 0.8 1.71 0.77 1.94 percent [+]
Construction Output -4.90 0.3 0.3 0.3 1.12 0.58 percent [+]
Construction Pmi 46.60 50 51 51 46.23 49 Index Points [+]
Home Ownership Rate 67.00 66.66 66.59 66.52 66.45 65.22 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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 11.25 11.5 11.5 percent [+]
Social Security Rate For Companies 9.50 9.25 9.25 9.25 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. 12/9/2016