Australia | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 0.78 0.78 0.74 0.8 0.77 0.75 [+]
Government Bond 10Y 2.54 2.5 2.9 4 4.5 4.5 [+]
Stock Market 5933.30 5760 5610 6140 6420 7060 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 1560.60 1587 1589 1900 2200 2661 [+]
GDP Growth Rate 0.50 0.5 0.57 1 1 1.35 [+]
GDP Annual Growth Rate 2.50 2.43 2.38 2.54 2.79 2.57 [+]
GDP Constant Prices 397341.00 404979 401509 481757 678505 758377 [+]
Gross National Product 380643.00 387763 381603 412791 485151 579035 [+]
GDP per capita 37492.85 37852 37894 40259 42314 48316 [+]
Gross Fixed Capital Formation 102472.00 100447 99933 110443 112413 122353 [+]
GDP per capita PPP 42809.93 43268 43331 48084 52385 56421 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 6.10 6.4 6.6 6.5 6.8 6.3 [+]
Employed Persons 11720.29 11769 11818 13179 15265 17269 [+]
Full Time Employment 31500.00 2382 1586 6060 8040 6540 [+]
Employment Change 37700.00 15854 13532 13099 13097 13097 [+]
Unemployed Persons 764.50 764 761 795 805 825 [+]
Job Vacancies 141190.90 140053 138002 241413 473896 850390 [+]
Youth Unemployment Rate 13.88 14.6 14.88 12.64 13.21 13.61 [+]
Productivity 103.00 104 104 110 121 133 [+]
Labor Force Participation Rate 64.79 64.67 64.7 65.34 66.28 65.88 [+]
Wages 1128.70 1145 1153 1181 1300 1580 [+]
Wages In Manufacturing 1268.50 1220 1230 1380 1500 1627 [+]
Labour Costs 102.30 103 103 106 111 112 [+]
Population 23.13 23.71 23.8 25.76 28.83 33.15 [+]
Retirement Age Women 64.50 65 65 66 68.5 70 [+]
Retirement Age Men 65.00 65 65 67 69 70 [+]
Minimum Wages 640.90 650 655 746 780 805 [+]
Wage Growth 2.50 2.52 2.62 3.38 3.41 3.41 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate 1.30 1.51 1.82 2.5 3 3.2 [+]
Inflation Rate Mom 0.20 0.5 0.8 0.5 0.4 0.52 [+]
Consumer Price Index CPI 106.80 107 107 111 104 77.4 [+]
Core Inflation Rate 2.27 1.91 1.83 2.02 2.02 2.02 [+]
Core Consumer Prices 107.80 108 109 120 141 134 [+]
GDP Deflator 101.10 101 100 106 116 126 [+]
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 86.34 86.51 86.22 86.22 86.22 [+]
Import Prices 105.20 105 105 105 105 105 [+]
Food Inflation 1.90 2.1 1.98 2.11 2.15 2.15 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 2.25 2.25 2 3.25 4.5 5.6 [+]
Interbank Rate 2.50 2.6 2.55 4 5 6.86 [+]
Money Supply M1 325408.00 331568 335110 420783 571147 827694 [+]
Money Supply M3 1761084.00 1803238 1834048 2115787 2166550 2168079 [+]
Central Bank Balance Sheet 143498.00 144149 143840 160372 143485 143485 [+]
Foreign Exchange Reserves 74500.00 73223 72314 68579 68538 68537 [+]
Loans to Private Sector 2063758.00 2116072 2153710 2601330 3449678 4452049 [+]
Banks Balance Sheet 3575.54 3566 3558 4054 4754 5754 [+]
Money Supply M0 90.16 90.64 90.21 90.62 90.59 90.55 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -1256.00 -1490 -1595 680 1682 380 [+]
Exports 27874.00 27801 27591 30393 32396 36394 [+]
Imports 29129.00 29291 29186 29712 30714 36014 [+]
Current Account -9588.00 -11425 -11185 -12250 -14800 -11248 [+]
Current Account to GDP -2.90 -3.28 -3.5 -1.9 -1.9 -1.9 [+]
External Debt 1674976.00 1724635 1755774 1863141 1862715 1862715 [+]
Terms of Trade 87.90 83.39 83.24 87.87 87.38 87.57 [+]
Foreign Direct Investment 52667.00 52407 52403 52403 52403 52403 [+]
Capital Flows 11552.00 12302 12399 13228 13238 13238 [+]
Tourist Arrivals 806700.00 565407 588963 721413 721401 721401 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 [+]
Crude Oil Production 327.00 333 337 348 337 348 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -3.10 -4 -4.23 -4.01 -0.3 0 [+]
Government Debt to GDP 28.60 31.08 33.15 32.32 34.73 30.72 [+]
Government Budget Value 4396.00 -270 -3895 -2604 -2604 -2604 [+]
Government Spending 70300.00 70471 70456 75787 83915 97424 [+]
Credit Rating 96.54 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 3.00 2.23 0.54 0.77 0.72 0.72 [+]
Manufacturing PMI 46.29 44.32 48.74 46.75 46.76 46.76 [+]
Services PMI 50.20 49.63 46.41 46.85 46.85 46.85 [+]
Industrial Production 3.44 4.14 3.96 3.89 3.9 3.9 [+]
Manufacturing Production -2.11 -1.33 -1.41 0.1 0.35 0.6 [+]
Capacity Utilization 80.52 80.78 80.66 81.61 82.64 82.43 [+]
New Orders 30.00 24.69 27.02 23.47 23.59 23.59 [+]
Changes in Inventories -845.00 648 484 445 445 445 [+]
Bankruptcies 484.00 716 778 627 627 627 [+]
Corporate Profits 64511.00 62528 60529 66528 64528 70528 [+]
Car Registrations 13297.26 13400 13500 13550 17000 19000 [+]
Industrial Production Mom 0.47 0.69 0.83 0.56 0.56 0.56 [+]
Leading Economic Index 98.00 98.86 98 101 103 99.85 [+]
Mining Production 10.90 8.32 7.53 4.84 4.83 4.83 [+]
Small Business Sentiment -1.71 -0.75 0.78 1.84 1.84 1.84 [+]
Total Vehicle Sales 96158.00 94311 95784 95712 95695 95695 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 96.20 98.59 97.53 96.96 94.92 102 [+]
Retail Sales MoM 0.70 0.31 0.45 0.44 0.44 0.44 [+]
Retail Sales YoY 4.00 3.59 3.6 2.97 2.97 2.97 [+]
Consumer Spending 218821.00 221688 222843 234632 254803 294804 [+]
Disposable Personal Income 272593.00 275283 275976 278353 317457 354571 [+]
Personal Savings 9.00 9.07 9.03 9.26 9.26 9 [+]
Consumer Credit 2293109.00 2343078 2379854 3015906 3722601 4228770 [+]
Private Sector Credit 0.60 0.57 0.55 0.58 0.58 0.58 [+]
Bank Lending Rate 9.05 8.93 8.83 10 12 8.66 [+]
Gasoline Prices 1.02 1.09 1.04 1 0.91 0.84 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 1.90 2 1.8 1.7 2.45 3.33 [+]
Building Permits -3.20 0.68 0.6 2.33 2.33 2.33 [+]
New Home Sales 7733.00 8329 7676 7468 9456 8856 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 30.00 30.02 30.02 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 [+]