Australia | Economic Forecasts | 2015-2050 Outlook

Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 0.72 0.74 0.73 0.72 0.7 1 [+]
Stock Market 5256.20 5347 5302 5281 5273 5267 Index points [+]
Government Bond 10Y 2.73 3.1 3.1 3.2 3.3 4 percent [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 1453.77 1606 1613 1633 1654 1900 USD Billion [+]
GDP Growth Rate 0.90 0.57 0.7 0.78 0.78 1 percent [+]
GDP Annual Growth Rate 2.30 2.55 2.5 2.42 2.32 2.54 percent [+]
GDP Constant Prices 400856.00 406334 410664 410738 413170 481757 AUD Million [+]
Gross National Product 381799.00 386555 389773 390724 392795 412791 AUD Million [+]
GDP per capita 37828.25 37965 38040 38147 38254 40259 USD [+]
Gross Fixed Capital Formation 101326.00 100640 100401 100186 100009 110443 AUD Million [+]
GDP per capita PPP 43218.75 43492 43700 43820 43940 48084 USD [+]
GDP From Agriculture 9131.00 9018 8975 8935 8894 8244 AUD Million [+]
GDP From Construction 30731.00 30525 30430 30359 30306 29468 AUD Million [+]
GDP From Manufacturing 24796.00 24775 24752 24732 24713 24399 AUD Million [+]
GDP From Mining 35173.00 35582 35641 35715 35726 35298 AUD Million [+]
GDP From Public Administration 21044.00 20992 20983 20982 20979 20883 AUD Million [+]
GDP From Utilities 10725.00 10771 10768 10773 10773 10724 AUD Million [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 6.30 6.4 6.5 6.4 6.44 6.5 percent [+]
Employed Persons 11810.71 11844 11900 11951 11998 13179 Thousand [+]
Full Time Employment 12400.00 13574 8310 6968 7600 6060 Persons [+]
Employment Change 38500.00 20244 13787 13966 13424 13143 Persons [+]
Unemployed Persons 800.71 791 807 813 817 795 Thousand [+]
Job Vacancies 155.70 155 154 154 153 146 Thousand [+]
Youth Unemployment Rate 13.30 13.28 13.25 13.35 13.3 13.38 percent [+]
Productivity 102.80 103 103 103 103 110 Index Points [+]
Labor Force Participation Rate 65.10 65.02 64.98 64.97 64.99 65.34 percent [+]
Wages 1136.90 1153 1172 1154 1159 1281 AUD/Week [+]
Wages In Manufacturing 1259.00 1230 1250 1290 1298 1480 AUD/Week [+]
Labour Costs 100.90 101 100 100 99.96 106 Index Points [+]
Population 23.49 23.75 23.84 23.93 24.02 25.65 Million [+]
Retirement Age Women 64.50 64.5 64.5 64.5 64.5 66 [+]
Retirement Age Men 65.00 65 65 65 65 67 [+]
Job Advertisements 146121.30 146805 147577 148126 148515 149468 [+]
Minimum Wages 656.90 657 657 664 667 666 AUD/week [+]
Wage Growth 2.30 2.45 2.59 2.73 2.86 3.4 percent [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 1.50 1.82 1.5 2.31 2.31 2.5 percent [+]
Inflation Rate Mom 0.70 0.8 0.7 0.41 0.56 0.5 percent [+]
Consumer Price Index CPI 107.50 108 108 109 109 113 Index Points [+]
Core Inflation Rate 1.98 2.24 2.18 2.14 2.27 2.19 percent [+]
Core Consumer Prices 108.20 109 109 110 110 114 Index Points [+]
GDP Deflator 100.70 100 99.94 99.75 99.58 106 Index Points [+]
Producer Prices 104.90 105 105 106 106 117 Index Points [+]
Producer Prices Change 1.10 1.57 1.86 2.28 2.08 1.72 percent [+]
Export Prices 80.90 78.23 80.39 80.55 82.64 81.68 Index Points [+]
Import Prices 106.50 106 107 106 106 106 Index Points [+]
Food Inflation 1.30 0.59 1.38 1.39 1.57 1.52 percent [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 2.00 2 2 2 1.75 3.25 percent [+]
Interbank Rate 2.44 2.55 2.4 2.4 2 4 percent [+]
Money Supply M1 305339.00 304101 314978 318190 320125 370773 AUD Million [+]
Money Supply M3 1783970.00 1806356 1829797 1854051 1878494 2299397 AUD Million [+]
Central Bank Balance Sheet 155519.00 156020 155959 155956 155956 160372 AUD Million [+]
Foreign Exchange Reserves 68911.00 68148 67458 66758 66023 65074 AUD Million [+]
Loans to Private Sector 794148.00 799285 803375 806241 808220 840779 AUD Million [+]
Banks Balance Sheet 3746.46 3838 3925 4002 4065 4054 AUD Billion [+]
Money Supply M0 91.70 91.37 91.79 91.37 91.79 91.78 AUD Billion [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -2933.00 -2632 -1773 -1473 -1317 -2973 AUD Million [+]
Exports 26348.00 25892 26024 25915 25833 30393 AUD Million [+]
Imports 29281.00 29007 29038 29032 29004 29712 AUD Million [+]
Current Account -10741.00 -10498 -11212 -11067 -11088 -12250 AUD Million [+]
Current Account to GDP -2.80 -3.49 -3.67 -3.79 -3.91 -3.36 percent [+]
External Debt 1759864.00 1830584 1860212 1902151 1946806 2635562 AUD Million [+]
Terms of Trade 85.70 84.91 84.54 85.35 85.55 85.52 Index Points [+]
Foreign Direct Investment 57525.00 57607 57623 57623 57618 57776 AUD Million [+]
Capital Flows 10852.00 13255 12044 11726 11922 11869 AUD Million [+]
Tourist Arrivals 488300.00 536831 677849 584388 564488 565036 [+]
Gold Reserves 79.84 79.84 79.84 79.83 79.83 79.83 Tonnes [+]
Crude Oil Production 299.00 320 315 304 314 314 BBL/D/1K [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -3.10 -3.5 -3 -3.76 -3.41 -3.01 percent of GDP [+]
Government Debt to GDP 28.60 33.15 33.57 33.86 33.95 32.32 percent [+]
Government Budget Value 982.00 -5329 -3532 -2570 -2426 -2382 AUD Million [+]
Government Spending 70330.00 70657 70692 70799 70812 70443 AUD Million [+]
Credit Rating 96.54 [+]
Fiscal Expenditure 34693.00 34545 34393 34408 34421 34419 AUD Million [+]
Government Revenues 36573.00 39222 40679 38678 40269 39778 AUD Million [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 4.00 4.64 3.79 5.65 5 5.03 [+]
Manufacturing PMI 50.40 51.74 47.7 48.47 49.1 47.88 [+]
Services PMI 54.10 50.38 49.65 50.46 48.97 48.08 Index Points [+]
Industrial Production 2.71 3.19 3.45 4.05 3.86 3.54 percent [+]
Manufacturing Production 1.60 0.43 0.85 -1.36 -0.15 -0.25 percent [+]
Capacity Utilization 80.83 81.07 81.03 81.01 80.99 81.61 percent [+]
New Orders 19.00 19.98 2.31 10.25 8.28 12.33 [+]
Changes in Inventories 323.00 746 340 407 520 444 AUD Million [+]
Bankruptcies 878.00 787 765 754 742 806 Companies [+]
Corporate Profits 64514.00 60529 64808 64796 64777 66528 AUD Million [+]
Car Registrations 13297.26 13500 14500 13595 13653 13550 Thousand Cars [+]
Car Production 16464.00 14857 14296 14693 14761 14746 [+]
Competitiveness Index 5.08 5.09 5.09 5.09 5.1 5.15 Points [+]
Competitiveness Rank 22.00 22.08 22.08 20.28 19.68 16.75 [+]
Corruption Index 80.00 82.13 82.51 83.43 84.36 85.04 Points [+]
Corruption Rank 11.00 11 11 11 11 9.38 [+]
Ease of Doing Business 10.00 10.68 10.63 10.66 10.69 10.77 [+]
Industrial Production Mom 1.79 0.6 0.3 0.22 0.58 0.56 percent [+]
Leading Economic Index 97.74 97.71 97.7 97.7 97.7 101 Index Points [+]
Mining Production 6.00 1.79 1.34 2.25 3.49 4.95 percent [+]
Small Business Sentiment -2.32 0.67 1.19 2.07 2.94 1.24 [+]
Total Vehicle Sales 96388.00 96107 96101 95749 95087 95890 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 99.50 97.53 96.08 100 97.15 96.96 [+]
Retail Sales MoM 0.70 0.29 0.37 0.39 0.43 0.33 percent [+]
Retail Sales YoY 4.41 5.07 5.32 5.36 5.33 4.26 percent [+]
Consumer Spending 219717.00 222091 223140 224243 225345 234632 AUD Million [+]
Disposable Personal Income 272540.00 277530 294570 281979 284020 320802 AUD Million [+]
Personal Savings 8.30 8.24 8.56 8.53 8.48 8.5 percent [+]
Consumer Credit 2331320.00 2361396 2390805 2419624 2447864 2869411 AUD Million [+]
Private Sector Credit 0.40 0.45 0.43 0.47 0.44 0.44 percent [+]
Bank Lending Rate 8.80 8.72 8.65 8.6 8.57 10 percent [+]
Gasoline Prices 1.01 1 1 0.99 0.99 0.93 USD/Liter [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 1.60 1.8 2.36 2.32 2.27 1.7 percent [+]
Building Permits -8.20 -1.99 -0.38 0.13 0.36 0.36 percent [+]
New Home Sales 7978.00 7160 9456 8287 7464 7463 [+]
Construction Output 1.60 1.17 1.08 1.26 1.01 1.02 percent [+]
Construction Pmi 47.10 46.86 46.58 46.37 46.21 45.7 Index Points [+]
Home Ownership Rate 67.00 66.76 66.66 66.59 66.52 65.22 percent [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 30.00 30.36 30.36 30.36 30.36 30.04 percent [+]
Personal Income Tax Rate 45.00 45.15 45.15 45.18 45.21 45 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 11.25 10.75 10.75 10.75 10.75 12 percent [+]
Social Security Rate For Companies 9.25 9.25 9.25 9.25 9.25 10 percent [+]
Social Security Rate For Employees 2.00 1.5 1.5 1.5 1.5 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. 8/28/2015