Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.50 0.8 0.7 0.88 1 0.8 percent [+]
Unemployment Rate 5.70 5.9 6 6.1 6.2 6.2 percent [+]
Inflation Rate 1.50 1.5 1.6 1.7 1.8 3.8 percent [+]
Interest Rate 1.50 1.5 1.25 1 1 3.5 percent [+]
Balance of Trade 3511.00 -2220 -2220 3364 -2900 -3910 AUD Million [+]
Government Debt to GDP 36.80 39 39 38.1 38.76 39.39 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 0.77 0.71 0.7 0.69 0.71 0.58 [+]
Stock Market 5738.99 5570 5510 5460 5400 4550 points [+]
Government Bond 10Y 2.73 2.91 2.94 2.96 2.63 3.42 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.50 0.8 0.7 0.88 1 0.8 percent [+]
GDP Annual Growth Rate 1.80 2.6 2.8 2.7 2.4 2.9 percent [+]
GDP 1339.54 1410 1410 1410 1500 1720 USD Billion [+]
GDP Constant Prices 417688.00 428564 431584 434631 437702 476403 AUD Million [+]
Gross National Product 406142.00 408936 410332 412177 413971 434992 AUD Million [+]
Gross Fixed Capital Formation 101340.00 106519 107586 108003 108737 117946 AUD Million [+]
GDP per capita 54708.18 56000 56000 56000 56000 59160 USD [+]
GDP per capita PPP 43646.98 44370 44370 44370 44370 46000 USD [+]
GDP From Agriculture 9601.00 9007 9017 9046 9069 9368 AUD Million [+]
GDP From Construction 32222.00 31767 31596 31712 31639 31686 AUD Million [+]
GDP From Manufacturing 24657.00 24792 24759 24770 24739 24749 AUD Million [+]
GDP From Mining 28476.00 28936 29252 29539 29768 32630 AUD Million [+]
GDP From Public Administration 22750.00 23025 23155 23258 23358 24791 AUD Million [+]
GDP From Utilities 10629.00 10724 10740 10773 10800 11125 AUD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.70 5.9 6 6.1 6.2 6.2 percent [+]
Employed Persons 11998.24 12019 12049 12077 12102 12280 Thousand [+]
Unemployed Persons 720.25 727 728 705 730 732 Thousand [+]
Part Time Employment 58340.00 -12000 6000 5000 7590 6900 Persons [+]
Full Time Employment -44800.00 1995 6378 6428 6583 6766 Persons [+]
Employment Change 13500.00 15000 -1200 10000 18600 15600 Persons [+]
Labor Force Participation Rate 64.60 64.62 64.61 64.9 64.62 64.62 percent [+]
Youth Unemployment Rate 12.30 12.58 12.39 12.31 12.26 12.17 percent [+]
Labour Costs 101.30 101 102 102 102 103 Index Points [+]
Productivity 101.90 97.67 97.6 97.81 98.45 95.92 Index Points [+]
Job Vacancies 181.00 185 188 189 189 187 Thousand [+]
Job Advertisements 167163.66 168625 172342 174619 176115 179116 [+]
Wages 1163.50 1168 1173 1178 1182 1233 AUD/Week [+]
Wages In Manufacturing 1295.10 1303 1311 1319 1327 1419 AUD/Week [+]
Wage Growth 1.90 2.4 2.4 2.02 2.9 3.3 percent [+]
Minimum Wages 672.70 680 680 687 690 760 AUD/week [+]
Population 24.13 24.01 24.1 24.19 24.28 25.62 Million [+]
Retirement Age Women 65.50 65 65 65.5 65.5 66 [+]
Retirement Age Men 65.50 65 65 65.5 65.5 66 [+]
Wages High Skilled 5350.00 5531 5535 5537 5537 5538 AUD/Month [+]
Living Wage Family 2582.40 2696 2678 2681 2681 2681 AUD/Month [+]
Living Wage Individual 2260.43 2219 2235 2229 2231 2231 AUD/Month [+]
Employment Rate 61.49 61.28 61.18 61.2 61.22 61.22 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.50 1.5 1.6 1.7 1.8 3.8 percent [+]
Inflation Rate Mom 0.50 0.4 0.5 0.4 0.7 1 percent [+]
Consumer Price Index CPI 110.00 111 111 112 112 119 Index Points [+]
Core Consumer Prices 111.27 111 112 113 113 121 Index Points [+]
Core Inflation Rate 1.60 1.68 1.76 1.82 1.8 2.1 percent [+]
GDP Deflator 101.06 102 102 102 102 105 Index Points [+]
Producer Prices 106.80 107 108 108 109 114 Index Points [+]
Producer Prices Change 0.70 1 1.1 1 1.1 1.9 percent [+]
Export Prices 86.00 79.38 78.81 77.66 76.87 77.55 Index Points [+]
Import Prices 102.70 103 103 103 103 103 Index Points [+]
Food Inflation 1.80 0.8 0.7 0.8 1 3 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.50 1.5 1.25 1 1 3.5 percent [+]
Interbank Rate 2.12 1.97 1.73 2.06 3 4 percent [+]
Money Supply M0 103.53 103 104 104 104 104 AUD Billion [+]
Money Supply M1 335.11 339 342 345 349 388 AUD Billion [+]
Money Supply M3 1960.56 1991 2021 2050 2079 2407 AUD Billion [+]
Banks Balance Sheet 4167.98 4234 4282 4321 4367 4745 AUD Billion [+]
Central Bank Balance Sheet 160589.00 162216 162122 162115 162115 162115 AUD Million [+]
Foreign Exchange Reserves 68616.00 68207 67682 67686 67713 67740 AUD Million [+]
Loans to Private Sector 878.78 891 902 912 921 981 AUD Billion [+]
Deposit Interest Rate 2.30 2.93 2.93 2.42 3.27 3.97 percent [+]
Private Debt to GDP 222.38 231 232 234 235 244 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 3511.00 -2220 -2220 3364 -2900 -3910 AUD Million [+]
Exports 32630.00 26200 26200 33641 26800 28500 AUD Million [+]
Imports 29120.00 29197 29250 29268 29700 32400 AUD Million [+]
Current Account -11358.00 -16700 -16700 -12870 -17900 -22900 AUD Million [+]
Current Account to GDP -4.60 -3.73 -4.04 -4.35 -4.66 -4.27 percent [+]
External Debt 1916975.00 1979770 2019603 2046442 2076780 2410054 AUD Million [+]
Terms of Trade 93.90 97.23 97.23 96.7 96.25 96.09 Index Points [+]
Foreign Direct Investment 29636.00 54238 54387 54536 54686 46728 AUD Million [+]
Capital Flows 15721.00 15477 15976 15761 16580 16145 AUD Million [+]
Tourist Arrivals 971800.00 808463 809398 827105 826999 824151 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 Tonnes [+]
Crude Oil Production 292.00 309 309 309 309 309 BBL/D/1K [+]
Terrorism Index 2.74 2.85 2.92 2.99 3.05 3.05 [+]
Weapons Sales 113.00 72.16 72.43 72.69 70.33 63.03 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 36.80 39 39 38.1 38.76 39.39 percent [+]
Government Budget -2.40 -3 -3 -2.38 -2.5 -1.8 percent of GDP [+]
Government Budget Value -11688.00 -5220 -5220 -3941 -4077 -3956 AUD Million [+]
Government Spending 77644.00 78631 79063 79490 79941 85266 AUD Million [+]
Government Revenues 28194.00 30212 32350 29796 32089 31840 AUD Million [+]
Fiscal Expenditure 39882.00 38202 37179 37285 37359 37342 AUD Million [+]
Military Expenditure 27793.00 28387 28676 28964 28956 29324 USD Million [+]
Asylum Applications 1519.00 1673 1673 1673 1673 1673 Persons [+]
Government Spending To Gdp 36.20 35.68 35.8 35.65 35.51 34.68 percent [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 10.00 4 4 6 8 6 [+]
Manufacturing PMI 51.20 54.1 54.1 54.73 55 52 [+]
Services PMI 54.50 49.8 49.8 51.58 51.2 50.2 Index Points [+]
Industrial Production -0.20 -1.06 -0.41 0.55 0.63 0.16 percent [+]
Industrial Production Mom -0.50 0.56 0.9 0.7 0.54 0.55 percent [+]
Manufacturing Production -0.20 -0.95 -0.59 0.58 0.6 0.16 percent [+]
Capacity Utilization 81.50 81.3 81.28 81.3 81.29 81.29 percent [+]
New Orders 32.00 33.22 15.47 29.15 16.16 16.03 [+]
Changes in Inventories 1053.00 601 479 448 423 412 AUD Million [+]
Bankruptcies 636.00 746 749 749 749 749 Companies [+]
Corporate Profits 64174.00 64657 64018 64090 64900 59900 AUD Million [+]
Total Vehicle Sales 97636.00 97311 97620 97523 97490 101000 [+]
Car Production 9334.00 11700 11700 13337 10700 12700 Units [+]
Car Registrations 13549.45 13611 13675 13740 13804 14803 Thousand [+]
Leading Economic Index 0.00 0.2 0.1 -0.3 0.2 0.1 percent [+]
Small Business Sentiment 1.56 3.6 2.09 2.22 2.58 2.4 [+]
Steel Production 436.66 445 442 443 443 443 Thousand Tonnes [+]
Mining Production 3.60 2.64 2.64 5.6 5.81 4.71 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 0.80 0.4 0.4 0.52 0.6 0.4 percent [+]
Corruption Index 79.00 80.65 80.79 80.92 81.06 83.16 Points [+]
Corruption Rank 13.00 13.86 14.21 14.56 14.9 8.56 [+]
Ease of Doing Business 15.00 13.25 13.64 14.02 14.41 13.34 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 99.64 99.21 99.28 99.29 103 108 [+]
Retail Sales MoM -0.10 0.28 0.32 0.32 0.31 0.31 percent [+]
Retail Sales YoY 3.20 4.2 4.2 2.72 4.6 3.6 percent [+]
Consumer Spending 238664.00 242334 243929 245536 247154 267468 AUD Million [+]
Disposable Personal Income 287837.00 292995 295274 297592 299832 326284 AUD Million [+]
Personal Savings 6.30 6.92 6.94 7.06 6.94 6.98 percent [+]
Consumer Credit 2571.66 2614 2656 2698 2739 3184 AUD Billion [+]
Private Sector Credit 0.70 0.44 0.44 0.44 0.44 0.44 percent [+]
Bank Lending Rate 8.60 8.59 8.59 8.58 10 11 percent [+]
Gasoline Prices 1.01 0.84 0.74 0.88 0.9 0.93 USD/Liter [+]
Households Debt To Gdp 123.00 120 120 119 119 117 percent of GDP [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits -1.20 0.63 0.63 0.35 1.5 0.33 percent [+]
New Home Sales 7543.00 7150 7250 7200 7000 7450 [+]
Housing Index 1.50 0.81 1.71 0.78 1.98 1.94 percent [+]
Construction Output -0.20 0.3 0.3 0.88 2.2 0.85 percent [+]
Construction Pmi 47.70 51 51 46.69 55 49 Index Points [+]
Home Ownership Rate 67.00 66.95 66.85 66.76 66.66 65.22 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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 11.50 11.25 11.25 11.5 11.5 11.5 percent [+]
Social Security Rate For Companies 9.50 9.25 9.25 9.5 9.5 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. 2/26/2017