Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.50 0.6 0.7 0.8 0.7 0.8 percent [+]
Unemployment Rate 5.60 5.8 5.9 5.9 6 6.2 percent [+]
Inflation Rate 1.00 1.1 1.3 1.9 2 3.8 percent [+]
Interest Rate 1.50 1.5 1.5 1.5 1.25 3.5 percent [+]
Balance of Trade -2410.00 -2240 -2330 -2220 -2220 -3910 AUD Million [+]
Government Debt to GDP 36.80 38 38 39 39 39.39 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 0.77 0.75 0.74 0.74 0.73 0.61 [+]
Stock Market 5471.30 5460 5400 5350 5290 4410 points [+]
Government Bond 10Y 1.97 1.93 1.95 1.97 1.99 2.29 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.50 0.6 0.7 0.8 0.7 0.8 percent [+]
GDP Annual Growth Rate 3.30 3.2 3 2.6 2.8 2.9 percent [+]
GDP 1339.54 1330 1330 1410 1410 1720 USD Billion [+]
GDP Constant Prices 421725.00 425526 428593 431698 434836 481649 AUD Million [+]
Gross National Product 395902.00 398530 399576 401117 402607 426696 AUD Million [+]
Gross Fixed Capital Formation 99642.00 101167 102116 102876 103664 115050 AUD Million [+]
GDP per capita 54717.71 55160 55160 56000 56000 59160 USD [+]
GDP per capita PPP 43654.58 43957 43957 44370 44370 46000 USD [+]
GDP From Agriculture 8509.00 9283 9306 9324 9337 9576 AUD Million [+]
GDP From Construction 32223.00 32133 32181 32164 32142 32153 AUD Million [+]
GDP From Manufacturing 24451.00 24443 24633 24530 24550 24527 AUD Million [+]
GDP From Mining 37618.00 38882 38511 39833 39853 47145 AUD Million [+]
GDP From Public Administration 23175.00 22957 22951 23278 23487 25314 AUD Million [+]
GDP From Utilities 11216.00 11311 11328 11359 11406 11924 AUD Million [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 5.60 5.8 5.9 5.9 6 6.2 percent [+]
Employed Persons 11963.72 11978 12010 12039 12065 12268 Thousand [+]
Unemployed Persons 713.28 715 709 706 703 697 Thousand [+]
Part Time Employment -15400.00 8000 7000 -12000 6000 6900 [+]
Full Time Employment 11500.00 9533 7095 6464 6525 6740 [+]
Employment Change -3900.00 17600 5400 15000 -1200 15600 Persons [+]
Labor Force Participation Rate 64.70 64.75 64.75 64.74 64.74 64.74 percent [+]
Youth Unemployment Rate 13.24 13.38 13.66 13.82 13.92 14.08 percent [+]
Labour Costs 99.90 99.21 99.04 98.52 98.37 96.42 Index Points [+]
Productivity 103.50 105 105 106 106 109 Index Points [+]
Job Vacancies 171.90 167 162 158 157 158 Thousand [+]
Job Advertisements 160184.14 160528 162314 163558 164393 166072 [+]
Wages 1160.90 1190 1172 1178 1183 1261 AUD/Week [+]
Wages In Manufacturing 1282.70 1277 1286 1295 1303 1328 AUD/Week [+]
Wage Growth 2.10 2 2.1 2.4 2.4 3.3 percent [+]
Minimum Wages 656.90 670 670 680 680 760 AUD/week [+]
Population 23.94 24.19 24.28 24.37 24.46 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 5475 5517 5531 5535 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 61.16 61.3 61.17 61.13 61.15 61.16 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 1.00 1.1 1.3 1.9 2 3.8 percent [+]
Inflation Rate Mom 0.40 0.4 0.5 0.7 0.7 1 percent [+]
Consumer Price Index CPI 108.60 109 110 111 111 118 Index Points [+]
Core Consumer Prices 109.90 110 111 111 112 116 Index Points [+]
Core Inflation Rate 1.57 1.59 1.64 1.68 1.76 2.1 percent [+]
GDP Deflator 99.22 99.62 99.91 99.99 100 101 Index Points [+]
Producer Prices 106.00 106 107 107 108 114 Index Points [+]
Producer Prices Change 1.00 1 0.9 1 1.1 1.9 percent [+]
Export Prices 73.90 75.35 76.86 77.85 77.5 76.49 Index Points [+]
Import Prices 103.50 103 103 104 104 104 Index Points [+]
Food Inflation -0.10 0.1 0.2 0.5 0.7 3 percent [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 1.50 1.5 1.5 1.5 1.25 3.5 percent [+]
Interbank Rate 2.04 2.1 1.93 1.97 1.73 4 percent [+]
Money Supply M0 98.58 103 108 113 117 193 AUD Billion [+]
Money Supply M1 331.22 336 345 354 364 534 AUD Billion [+]
Money Supply M3 1908.71 1927 1961 1996 2032 2618 AUD Billion [+]
Banks Balance Sheet 4116.26 4191 4289 4386 4481 5891 AUD Billion [+]
Central Bank Balance Sheet 156635.00 156307 155944 155939 155939 155939 AUD Million [+]
Foreign Exchange Reserves 62971.00 62165 62439 63183 63604 63949 AUD Million [+]
Loans to Private Sector 857.49 863 870 877 883 924 AUD Billion [+]
Deposit Interest Rate 2.30 2.91 2.92 2.93 2.93 3.97 percent [+]
Private Debt to GDP 224.68 230 233 234 236 247 percent [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade -2410.00 -2240 -2330 -2220 -2220 -3910 AUD Million [+]
Exports 26425.00 26200 26200 26200 26200 28500 AUD Million [+]
Imports 28835.00 28970 29057 29085 29094 32400 AUD Million [+]
Current Account -15535.00 -13940 -13270 -16700 -16700 -22900 AUD Million [+]
Current Account to GDP -4.60 -4.35 -4.66 -4.47 -4.28 -4.27 percent [+]
External Debt 1941405.00 1995726 2049560 2085408 2118805 2637416 AUD Million [+]
Terms of Trade 80.50 81.37 82.12 82.49 82.34 82.08 Index Points [+]
Foreign Direct Investment 29636.00 54536 54686 52779 50872 46728 AUD Million [+]
Capital Flows 14062.00 18145 20620 16526 16655 17810 AUD Million [+]
Tourist Arrivals 716000.00 636784 648542 630909 634936 635815 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 Tonnes [+]
Crude Oil Production 330.00 333 333 333 333 333 BBL/D/1K [+]
Terrorism Index 3.11 1.92 2.39 2.31 2.23 1.85 [+]
Weapons Sales 113.00 72.16 72.43 72.69 70.33 63.03 USD Million [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 36.80 38 38 39 39 39.39 percent [+]
Government Budget -2.40 -3.4 -3.7 -3.5 -3.5 -1.8 percent of GDP [+]
Government Budget Value 3093.00 -4871 -4900 -5220 -5220 -3214 AUD Million [+]
Government Spending 75957.00 75937 76304 76819 77227 83104 AUD Million [+]
Government Revenues 40456.00 36117 38703 36872 39193 39539 AUD Million [+]
Fiscal Expenditure 35909.00 35401 35286 35321 35329 35326 AUD Million [+]
Military Expenditure 27793.00 28387 28676 28964 28956 29324 USD Million [+]
Asylum Applications 1519.00 1673 1672 1673 1673 1673 Persons [+]
Government Spending To Gdp 36.20 35.68 35.8 35.65 35.51 34.68 percent [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 6.00 6 5 4 4 6 [+]
Manufacturing PMI 46.90 50.7 54 54.1 54.1 52 [+]
Services PMI 45.00 50 50 49.8 49.8 50.2 Index Points [+]
Industrial Production 3.61 3.62 1.75 2.06 2.77 3.13 percent [+]
Industrial Production Mom -1.48 0.39 0.4 0.52 0.93 0.62 percent [+]
Manufacturing Production -2.18 -0.37 0.39 1.15 1.57 2.42 percent [+]
Capacity Utilization 81.02 81.28 81.17 81.19 81.19 81.19 percent [+]
New Orders 27.00 37.74 13.01 33.22 15.47 16.03 [+]
Changes in Inventories 706.00 369 490 427 435 422 AUD Million [+]
Bankruptcies 771.00 759 636 796 759 713 Companies [+]
Corporate Profits 63661.00 64409 65031 64933 64254 59900 AUD Million [+]
Total Vehicle Sales 97929.00 97278 97664 97839 97738 101000 [+]
Car Production 16060.00 11800 11700 11700 11700 12700 Units [+]
Car Registrations 13549.45 13740 13804 13867 13930 14803 Thousand [+]
Leading Economic Index 0.00 0.1 -0.1 0.2 0.1 0.1 percent [+]
Small Business Sentiment 5.38 10.28 6.51 6.22 5.16 5.62 [+]
Steel Production 451.35 463 456 458 461 460 Thousand Tonnes [+]
Mining Production 9.94 4.32 2.64 2.64 2.64 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 0.30 0.3 0.3 0.4 0.4 0.4 percent [+]
Corruption Index 79.00 80.92 81.06 81.19 81.32 83.16 Points [+]
Corruption Rank 13.00 14.53 14.87 14.74 14.62 8.51 [+]
Ease of Doing Business 13.00 12.28 12.44 12.35 12.26 11.64 [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence 101.40 101 101 101 101 108 [+]
Retail Sales MoM 0.00 0.29 0.28 0.29 0.3 0.3 percent [+]
Retail Sales YoY 2.70 1.86 3.9 4.2 4.2 3.6 percent [+]
Consumer Spending 234141.00 236353 237926 239510 241106 264656 AUD Million [+]
Disposable Personal Income 287139.00 291245 294608 298012 301435 352031 AUD Million [+]
Personal Savings 8.00 8.01 8.12 8.02 8.06 8.05 percent [+]
Consumer Credit 2503.67 2523 2552 2579 2607 2930 AUD Billion [+]
Private Sector Credit 0.40 0.41 0.4 0.4 0.4 0.4 percent [+]
Bank Lending Rate 8.60 8.55 8.46 8.39 8.35 11 percent [+]
Gasoline Prices 0.84 0.87 0.9 0.84 0.74 0.93 USD/Liter [+]
Households Debt To Gdp 125.20 127 128 129 129 133 percent of GDP [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Building Permits 11.30 -0.43 -0.11 0.63 0.63 0.35 percent [+]
New Home Sales 7110.00 7350 7200 7150 7250 7450 [+]
Housing Index 2.00 0.1 2.29 0.8 1.71 1.94 percent [+]
Construction Output -3.70 0.2 0.3 0.3 0.3 0.79 percent [+]
Construction Pmi 46.60 50.6 50 51 51 49 Index Points [+]
Home Ownership Rate 67.00 66.76 66.66 66.59 66.52 65.22 percent [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 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 11.25 11.25 11.25 11.25 11.25 11.5 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 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. 9/29/2016