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 5.70 6 5.9 5.9 6 6.2 percent [+]
Inflation Rate 1.00 1.1 1.3 1.5 1.9 3.8 percent [+]
Interest Rate 1.50 1.5 1.5 1.5 1.25 3.5 percent [+]
Balance of Trade -3195.00 -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 0.75 0.74 0.74 0.73 0.61 [+]
Stock Market 5515.00 5460 5400 5350 5290 4410 points [+]
Government Bond 10Y 1.85 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 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 5.70 6 5.9 5.9 6 6.2 percent [+]
Employed Persons 11968.59 11993 12031 12066 12098 12348 Thousand [+]
Unemployed Persons 725.49 725 724 724 723 722 Thousand [+]
Part Time Employment 71590.00 8000 7000 -12000 6000 6900 [+]
Full Time Employment -45400.00 8973 7207 6606 6660 6863 [+]
Employment Change 26200.00 17600 5400 15000 -1200 15600 Persons [+]
Labor Force Participation Rate 64.88 64.87 64.87 64.87 64.87 64.87 percent [+]
Youth Unemployment Rate 13.19 13.11 13.32 13.43 13.5 13.61 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 158809.95 160484 161811 162720 163331 164558 [+]
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 61.24 61.44 61.41 61.34 61.33 61.35 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 1.00 1.1 1.3 1.5 1.9 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 109.90 110 111 113 113 116 Index Points [+]
Core Inflation Rate 1.57 1.59 1.64 1.68 1.76 2.1 percent [+]
GDP Deflator 98.20 97.81 97.8 97.76 97.7 96.57 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 2.32 2.5 2.27 2.26 2.25 4 percent [+]
Money Supply M0 98.30 104 109 114 118 192 AUD Billion [+]
Money Supply M1 326.88 340 348 357 366 519 AUD Billion [+]
Money Supply M3 1893.52 1925 1958 1992 2027 2604 AUD Billion [+]
Banks Balance Sheet 4116.26 4191 4290 4387 4482 5899 AUD Billion [+]
Central Bank Balance Sheet 160996.00 160889 160704 160699 160699 160699 AUD Million [+]
Foreign Exchange Reserves 66019.00 65300 65236 65520 65693 65829 AUD Million [+]
Loans to Private Sector 854.54 863 870 876 882 921 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 -3195.00 -2240 -2330 -2220 -2220 -3910 AUD Million [+]
Exports 25803.00 26200 26200 26200 26200 28500 AUD Million [+]
Imports 28998.00 29023 29116 29146 29156 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 555800.00 597962 598422 592161 594341 594373 [+]
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 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 4.00 6 5 4 4 6 [+]
Manufacturing PMI 56.40 53.7 54 54.1 54.1 52 [+]
Services PMI 53.90 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 81.51 81.52 81.51 81.51 81.51 81.51 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 755.00 771 653 812 730 730 Companies [+]
Corporate Profits 59295.00 58824 59239 59522 59808 59900 AUD Million [+]
Total Vehicle Sales 98062.00 97658 98036 98225 98112 101000 [+]
Car Production 13916.00 11800 11700 11700 11700 12700 Units [+]
Car Registrations 13549.45 13740 13804 13867 13930 14803 Thousand [+]
Leading Economic Index 0.10 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 477.34 474 465 468 471 470 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 101.00 101 100 100 100 108 [+]
Retail Sales MoM 0.10 0.29 0.32 0.32 0.32 0.32 percent [+]
Retail Sales YoY 3.10 2.69 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 2493.71 2524 2552 2580 2607 2932 AUD Billion [+]
Private Sector Credit 0.20 0.41 0.41 0.42 0.42 0.42 percent [+]
Bank Lending Rate 8.70 8.65 8.6 8.56 8.54 11 percent [+]
Gasoline Prices 0.91 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 -2.90 -0.43 0.2 0.63 0.63 0.37 percent [+]
New Home Sales 7873.00 7650 7650 7650 7650 7450 [+]
Housing Index -0.20 0.1 2.82 1.15 2.02 2.34 percent [+]
Construction Output -3.70 0.2 0.3 0.3 0.3 0.79 percent [+]
Construction Pmi 51.60 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. 8/28/2016