Australia | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 0.76 0.71 0.74 0.8 0.77 0.76 [+]
Government Bond 10Y 2.33 2.5 2.9 4 4.5 4.5 [+]
Stock Market 5891.50 5760 5610 5840 6420 7060 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 1560.60 1608 1615 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 404979 481757 678505 758377 [+]
Gross National Product 380643.00 387763 387763 412791 485151 579035 [+]
GDP per capita 37492.85 37805 37852 40259 42314 48316 [+]
Gross Fixed Capital Formation 102472.00 102164 102133 110443 112413 122353 [+]
GDP per capita PPP 42809.93 43132 43202 48084 52385 56421 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 6.30 6.4 6.6 6.5 6.8 6.3 [+]
Employed Persons 11652.38 11665 11697 13179 15265 17269 [+]
Full Time Employment 10300.00 2382 1586 6060 8040 6540 [+]
Employment Change 15600.00 15854 13532 12997 12997 12997 [+]
Unemployed Persons 777.29 783 787 795 805 825 [+]
Job Vacancies 143484.40 143798 147993 207956 109020 114636 [+]
Youth Unemployment Rate 14.22 14.46 14.75 12.42 12.99 13.58 [+]
Productivity 103.00 103 104 110 121 133 [+]
Labor Force Participation Rate 64.61 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 23.63 23.73 25.76 28.83 33.15 [+]
Retirement Age Women 64.50 65 65 66 68.5 65 [+]
Retirement Age Men 65.00 65 65 66 68.5 65 [+]
Minimum Wages 640.90 635 646 746 780 805 [+]
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 1.70 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 106.60 107 107 113 121 131 [+]
Core Inflation Rate 2.10 1.98 1.85 2.03 2.04 2.04 [+]
Core Consumer Prices 107.10 108 108 115 124 134 [+]
GDP Deflator 101.10 101 101 106 116 126 [+]
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 85.8 86.34 86.22 86.22 86.22 [+]
Import Prices 105.20 105 105 105 105 105 [+]
Food Inflation 2.00 3.41 3.46 2.98 3.01 3.02 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 2.25 2 2 3.25 4.5 5.65 [+]
Interbank Rate 2.47 2.6 2.55 4 5 6.88 [+]
Money Supply M1 316253.00 318680 322302 399675 530071 755337 [+]
Money Supply M3 1739687.00 1754424 1776092 1956472 1980307 1980813 [+]
Central Bank Balance Sheet 156730.00 140972 150744 160372 140372 140372 [+]
Foreign Exchange Reserves 64321.00 62961 65381 64107 64083 64083 [+]
Loans to Private Sector 2049072.00 2070324 2110461 2942908 3449678 4452049 [+]
Banks Balance Sheet 3575.54 3562 3566 4054 4754 5754 [+]
Money Supply M0 89.09 87.94 88.47 88.45 88.43 88.38 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -980.00 -978 -1008 680 1682 380 [+]
Exports 27529.00 27631 27707 30393 32396 36394 [+]
Imports 28509.00 28609 28715 29712 30714 36014 [+]
Current Account -9588.00 -11425 -11185 -12250 -14800 -11248 [+]
Current Account to GDP -2.90 -2.22 -2.14 -1.9 -1.9 -1.9 [+]
External Debt 1674976.00 1694730 1724635 1863141 1862715 1862715 [+]
Terms of Trade 87.90 84.7 83.39 87.87 87.38 87.57 [+]
Foreign Direct Investment 52667.00 52418 52413 52403 52403 52403 [+]
Capital Flows 11552.00 12787 12302 13228 13238 13238 [+]
Tourist Arrivals 806700.00 628001 565407 721413 721401 721401 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 [+]
Crude Oil Production 327.00 318 333 348 337 348 [+]
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 -9253.00 -5215 -4374 -6104 -6104 -6104 [+]
Government Spending 70300.00 70567 70889 75787 83915 97424 [+]
Credit Rating 96.54 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 0.00 2.23 0.54 0.8 0.75 0.75 [+]
Manufacturing PMI 46.30 44.32 48.74 47.33 47.34 47.34 [+]
Services PMI 51.70 49.63 46.41 46.21 46.21 46.21 [+]
Industrial Production 3.44 4.11 4.14 3.89 3.9 3.9 [+]
Manufacturing Production -2.11 -1.32 -1.33 0.1 0.35 0.6 [+]
Capacity Utilization 80.42 80.42 80.22 81.61 82.64 82.43 [+]
New Orders 30.00 13.17 7.66 14.69 14.62 14.62 [+]
Changes in Inventories -845.00 80.22 648 445 445 445 [+]
Bankruptcies 648.00 757 700 611 611 611 [+]
Corporate Profits 64511.00 62528 60529 66528 64528 70528 [+]
Car Registrations 13297.26 13400 13500 13550 17000 19000 [+]
Industrial Production Mom 0.47 0.21 0.69 0.56 0.56 0.56 [+]
Leading Economic Index 98.21 98.86 98.86 101 103 99.85 [+]
Mining Production 10.90 9.5 8.32 4.84 4.83 4.83 [+]
Small Business Sentiment -1.71 -2.24 -0.75 1.84 1.84 1.84 [+]
Total Vehicle Sales 95737.00 93483 93124 94562 94554 94554 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 99.47 98.59 97.53 96.96 94.92 102 [+]
Retail Sales MoM 0.40 0.31 0.45 0.27 0.27 0.27 [+]
Retail Sales YoY 3.10 3.47 3.79 3.35 3.35 3.35 [+]
Consumer Spending 218821.00 220303 221688 234632 254803 294804 [+]
Disposable Personal Income 272593.00 273829 275283 278353 317457 354571 [+]
Personal Savings 9.00 9.1 9.07 9.26 9.26 9 [+]
Consumer Credit 2276890.00 2299356 2332563 2921960 3520916 3925096 [+]
Private Sector Credit 0.50 0.57 0.55 0.54 0.54 0.54 [+]
Bank Lending Rate 9.15 9.12 9.03 10 12 8.86 [+]
Gasoline Prices 1.02 0.79 1.04 0.87 0.81 0.79 [+]
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 0.54 0.54 0.54 [+]
New Home Sales 7733.00 8004 7676 7468 9456 8856 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 30.00 30 30 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 [+]