Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 1.10 0.6 0.7 0.9 0.9 0.8 percent [+]
Unemployment Rate 5.80 6 5.9 5.9 6 6.2 percent [+]
Inflation Rate 1.30 1.7 1.7 1.9 1.9 3.8 percent [+]
Interest Rate 1.75 1.75 1.5 1.5 1.5 3.5 percent [+]
Balance of Trade -2218.00 -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 0.75 0.73 0.72 0.71 0.71 0.59 [+]
Stock Market 5521.20 5210 5160 5110 4500 4260 points [+]
Government Bond 10Y 1.92 2.27 2.3 2.32 2.32 2.68 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 1.10 0.6 0.7 0.9 0.9 0.8 percent [+]
GDP Annual Growth Rate 3.10 2.8 2.7 2.6 2.5 2.9 percent [+]
GDP 1339.54 1330 1330 1410 1410 1720 USD Billion [+]
GDP Constant Prices 420023.00 425000 428000 431000 434000 481000 AUD Million [+]
Gross National Product 387643.00 390000 392000 393000 394000 410000 AUD Million [+]
Gross Fixed Capital Formation 98469.00 102000 103000 104000 105000 116000 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 9245.00 8980 9020 9050 9080 9560 AUD Million [+]
GDP From Construction 32094.00 32300 32300 32300 32300 32300 AUD Million [+]
GDP From Manufacturing 24366.00 24300 24400 24300 24400 24400 AUD Million [+]
GDP From Mining 38935.00 39907 39933 40882 41240 49630 AUD Million [+]
GDP From Public Administration 23179.00 22754 22803 23154 23301 25047 AUD Million [+]
GDP From Utilities 11224.00 11300 11400 11400 11400 12000 AUD Million [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 5.80 6 5.9 5.9 6 6.2 percent [+]
Employed Persons 11939.60 11972 12001 12028 12052 12235 Thousand [+]
Unemployed Persons 734.20 730 730 730 730 729 Thousand [+]
Part Time Employment -30600.00 8000 7000 -12000 6000 6900 [+]
Full Time Employment 38400.00 12957 8518 7230 6901 6755 [+]
Employment Change 7900.00 17600 5400 15000 -1200 15600 Persons [+]
Labor Force Participation Rate 64.90 64.86 64.86 64.86 64.86 64.86 percent [+]
Youth Unemployment Rate 12.36 12.27 12.26 12.26 12.26 12.25 percent [+]
Labour Costs 100.10 99.36 99.23 98.76 98.65 96.91 Index Points [+]
Productivity 102.30 104 104 104 104 108 Index Points [+]
Job Vacancies 171.90 167 162 158 157 158 Thousand [+]
Job Advertisements 158810.00 161504 163371 164624 165461 167144 [+]
Wages 1145.70 1190 1166 1171 1176 1243 AUD/Week [+]
Wages In Manufacturing 1266.90 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 61.35 61.22 61.28 61.21 61.18 61.2 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 1.30 1.7 1.7 1.9 1.9 3.8 percent [+]
Inflation Rate Mom -0.20 0.4 0.5 0.7 0.7 1 percent [+]
Consumer Price Index CPI 108.20 109 109 111 111 119 Index Points [+]
Core Consumer Prices 109.60 111 111 113 113 118 Index Points [+]
Core Inflation Rate 1.67 1.64 1.59 1.76 1.68 2.1 percent [+]
GDP Deflator 98.20 97.81 97.8 97.76 97.7 96.57 Index Points [+]
Producer Prices 105.90 106 107 107 108 115 Index Points [+]
Producer Prices Change 1.20 1 0.9 1 1.1 1.9 percent [+]
Export Prices 72.90 74.76 76.31 77.37 77.14 76.11 Index Points [+]
Import Prices 104.50 104 104 104 104 104 Index Points [+]
Food Inflation 0.00 0.65 0.53 0.64 0.66 0.48 percent [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 1.75 1.75 1.5 1.5 1.5 3.5 percent [+]
Interbank Rate 2.26 2.5 2.18 2.17 2.16 4 percent [+]
Money Supply M0 97.98 106 110 115 120 194 AUD Billion [+]
Money Supply M1 328.72 328 328 327 327 321 AUD Billion [+]
Money Supply M3 1883.35 1932 1966 2000 2035 2613 AUD Billion [+]
Banks Balance Sheet 3983.57 4159 4244 4330 4417 5804 AUD Billion [+]
Central Bank Balance Sheet 156817.00 157013 156968 156968 156968 156968 AUD Million [+]
Foreign Exchange Reserves 69628.00 68556 68078 67952 67924 67918 AUD Million [+]
Loans to Private Sector 853.41 867 875 883 890 938 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 -2218.00 -2240 -2330 -2220 -2220 -3910 AUD Million [+]
Exports 26170.00 26200 26200 26200 26200 28500 AUD Million [+]
Imports 28387.00 28225 28220 28224 28225 32400 AUD Million [+]
Current Account -20794.00 -21011 -20803 -16700 -16700 -22900 AUD Million [+]
Current Account to GDP -4.60 -4.35 -4.66 -4.47 -4.28 -4.27 percent [+]
External Debt 1898459.00 1970000 2030000 2070000 2100000 2580000 AUD Million [+]
Terms of Trade 78.70 77.9 78.27 78.48 78.62 78.61 Index Points [+]
Foreign Direct Investment 29636.00 54536 54686 52779 50872 46728 AUD Million [+]
Capital Flows 20549.00 20205 20675 20406 20348 20425 AUD Million [+]
Tourist Arrivals 542000.00 610161 610993 606598 608629 608427 [+]
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 74336.00 75005 75420 75811 76200 81676 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 35.60 35.01 35.05 35.1 35 34.53 percent [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 6.00 3 6 6 6 6 [+]
Manufacturing PMI 51.80 53.7 54 54.1 54.1 52 [+]
Services PMI 51.30 51.63 50 49.8 49.8 50.2 Index Points [+]
Industrial Production 4.78 5.14 3.57 2.38 1.86 3.12 percent [+]
Industrial Production Mom 3.24 0.33 0.39 0.22 0.62 0.6 percent [+]
Manufacturing Production 3.06 0.71 1.19 1.67 1.94 2.42 percent [+]
Capacity Utilization 81.26 81.59 81.59 81.59 81.59 81.59 percent [+]
New Orders 25.00 37.93 20.21 38.39 22.35 22.4 [+]
Changes in Inventories 651.00 487 457 443 436 429 AUD Million [+]
Bankruptcies 735.00 805 698 856 779 781 Companies [+]
Corporate Profits 59295.00 58824 59239 59522 59808 59900 AUD Million [+]
Total Vehicle Sales 99162.00 97740 98037 98224 98130 101000 [+]
Car Production 13916.00 11800 11700 11700 11700 12700 Units [+]
Car Registrations 13549.45 13740 13804 13867 13930 14803 Thousand [+]
Leading Economic Index -0.21 0.1 -0.1 0.2 0.1 0.1 percent [+]
Small Business Sentiment -4.14 -6.55 -6.08 -5.24 -4.57 -5.51 [+]
Steel Production 534.88 482 474 476 479 478 Thousand Tonnes [+]
Mining Production 12.98 4.32 2.64 2.64 2.64 9.9 percent [+]
Competitiveness Index 5.15 5.08 5.08 5.15 5.17 5.15 Points [+]
Competitiveness Rank 21.00 24.07 24.07 24.94 25.23 29.54 [+]
Business Inventories 0.40 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 14.86 14.74 14.61 8.5 [+]
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 99.10 100 100 100 100 108 [+]
Retail Sales MoM 0.20 0.34 0.33 0.33 0.33 0.33 percent [+]
Retail Sales YoY 3.30 3.11 3.9 4.2 4.2 3.6 percent [+]
Consumer Spending 233040.00 236192 237780 239380 240991 264799 AUD Million [+]
Disposable Personal Income 284641.00 291748 295068 298482 301893 352234 AUD Million [+]
Personal Savings 8.10 8.02 8.13 8.04 8.07 8.06 percent [+]
Consumer Credit 2488.41 2536 2571 2605 2639 3048 AUD Billion [+]
Private Sector Credit 0.40 0.5 0.49 0.49 0.49 0.49 percent [+]
Bank Lending Rate 8.70 8.61 8.55 8.5 8.48 11 percent [+]
Gasoline Prices 0.90 0.78 0.76 0.74 0.74 0.93 USD/Liter [+]
Households Debt To Gdp 124.30 127 128 128 129 132 percent of GDP [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Building Permits -5.20 -0.43 0.34 0.63 0.63 0.38 percent [+]
New Home Sales 7278.00 7650 7650 7650 7650 7450 [+]
Housing Index -0.20 0.1 2.82 1.15 2.02 2.34 percent [+]
Construction Output -2.60 0.2 0.3 0.3 0.3 0.73 percent [+]
Construction Pmi 53.20 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. 7/26/2016