Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.10 0.7 0.6 0.7 0.78 0.8 percent [+]
Unemployment Rate 5.88 5.7 5.8 5.8 5.8 5.6 percent [+]
Inflation Rate 1.50 1.6 1.7 1.8 2.2 2.2 percent [+]
Interest Rate 1.50 1.5 1.5 1.5 1.5 3 percent [+]
Balance of Trade 3574.00 -2220 3606 -2900 3657 -3910 AUD Million [+]
Government Debt to GDP 36.80 39 38.1 38.76 38.99 39.39 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 0.76 0.75 0.74 0.74 0.73 0.65 [+]
Stock Market 5871.78 5810 5750 5580 5640 4700 points [+]
Government Bond 10Y 2.60 2.71 2.73 2.76 2.79 3.22 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.10 0.7 0.6 0.7 0.78 0.8 percent [+]
GDP Annual Growth Rate 2.40 2.8 2.7 2.4 2.5 2.9 percent [+]
GDP 1339.54 1410 1410 1500 1292 1720 USD Billion [+]
GDP Constant Prices 422505.00 427459 429632 432085 434376 460192 AUD Million [+]
Gross National Product 417164.00 425631 427513 429635 431842 458979 AUD Million [+]
Gross Fixed Capital Formation 103943.00 104501 104385 104647 104669 105832 AUD Million [+]
GDP per capita 54708.18 56000 56000 56000 55402 59160 USD [+]
GDP per capita PPP 43646.98 44370 44370 44370 44131 46000 USD [+]
GDP From Agriculture 10975.00 10724 10476 10189 10030 10130 AUD Million [+]
GDP From Construction 31849.00 31439 31513 31467 31491 31507 AUD Million [+]
GDP From Manufacturing 24296.00 24249 24284 24348 24341 24330 AUD Million [+]
GDP From Mining 29336.00 30127 30359 30703 31018 34555 AUD Million [+]
GDP From Public Administration 23034.00 23270 23358 23497 23631 24975 AUD Million [+]
GDP From Utilities 10658.00 10734 10756 10787 10813 11107 AUD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 5.88 5.7 5.8 5.8 5.8 5.6 percent [+]
Employed Persons 12059.56 12093 12133 12170 12205 12438 Thousand [+]
Unemployed Persons 753.13 762 705 773 777 783 Thousand [+]
Part Time Employment -13590.00 6000 5000 7085 7102 6900 Persons [+]
Full Time Employment 74500.00 22703 11406 7890 6999 6616 Persons [+]
Employment Change 60900.00 -1200 10000 18600 16244 15600 Persons [+]
Labor Force Participation Rate 64.78 64.72 64.9 64.71 64.71 64.71 percent [+]
Youth Unemployment Rate 13.30 13.15 13.16 13.19 13.2 13.23 percent [+]
Productivity 101.90 102 102 102 102 102 Index Points [+]
Labour Costs 99.30 99.44 99.01 98.69 98.68 97.52 Index Points [+]
Job Vacancies 186.40 190 192 192 192 191 Thousand [+]
Job Advertisements 165991.07 168028 169176 169919 170414 171401 [+]
Wages 1163.50 1173 1178 1182 1186 1233 AUD/Week [+]
Wage Growth 1.90 2.4 2.02 2.9 2.04 3.3 percent [+]
Wages In Manufacturing 1295.10 1311 1319 1327 1334 1419 AUD/Week [+]
Minimum Wages 672.70 680 687 690 672 760 AUD/week [+]
Population 24.13 24.1 24.19 24.28 24.28 25.62 Million [+]
Retirement Age Women 65.50 65 65.5 65.5 65.5 66 [+]
Retirement Age Men 65.50 65 65.5 65.5 65.5 66 [+]
Wages High Skilled 5350.00 5535 5537 5537 5538 5538 AUD/Month [+]
Living Wage Family 2582.40 2588 2588 2588 2588 2588 AUD/Month [+]
Living Wage Individual 2260.43 2235 2229 2231 2230 2231 AUD/Month [+]
Employment Rate 61.04 60.6 60.72 60.85 60.84 60.81 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.50 1.6 1.7 1.8 2.2 2.2 percent [+]
Inflation Rate Mom 0.50 0.5 0.4 0.7 0.6 1 percent [+]
Consumer Price Index CPI 110.00 111 112 112 113 119 Index Points [+]
Core Consumer Prices 111.27 112 113 114 114 121 Index Points [+]
Core Inflation Rate 1.60 1.76 1.82 1.8 1.69 2.1 percent [+]
GDP Deflator 103.06 105 105 105 105 110 Index Points [+]
Producer Prices 106.80 108 108 109 109 114 Index Points [+]
Producer Prices Change 0.70 1.1 1 1.1 1.48 1.9 percent [+]
Export Prices 86.00 88.96 86.3 82.97 81.51 84.49 Index Points [+]
Import Prices 102.70 103 103 103 103 103 Index Points [+]
Food Inflation 1.80 0.7 0.8 1 1.14 3 percent [+]
Inflation Expectations 4.10 3.97 4 4 4 4.01 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.50 1.5 1.5 1.5 1.5 3 percent [+]
Interbank Rate 2.11 1.73 2.06 3 2.04 4 percent [+]
Money Supply M0 105.33 106 106 106 106 106 AUD Billion [+]
Money Supply M1 342.29 348 351 355 359 398 AUD Billion [+]
Money Supply M3 1983.81 2025 2055 2085 2115 2426 AUD Billion [+]
Banks Balance Sheet 4167.98 4321 4367 4411 4411 4745 AUD Billion [+]
Central Bank Balance Sheet 180222.00 179515 179495 179495 179495 179495 AUD Million [+]
Foreign Exchange Reserves 79965.00 78797 76904 75820 75303 74883 AUD Million [+]
Loans to Private Sector 877.65 886 891 896 900 926 AUD Billion [+]
Deposit Interest Rate 2.10 2.93 2.16 3.27 2.14 3.97 percent [+]
Private Debt to GDP 222.38 232 234 235 235 244 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 3574.00 -2220 3606 -2900 3657 -3910 AUD Million [+]
Exports 32405.00 26200 33278 26800 33295 28500 AUD Million [+]
Imports 28832.00 29137 29128 29700 29113 32400 AUD Million [+]
Current Account -3853.00 -16700 -9827 -17900 -13294 -22900 AUD Million [+]
Current Account to GDP -2.70 0.3 -0.2 -0.3 -2.5 -3.19 percent [+]
External Debt 1926696.00 1980877 2009676 2037172 2062250 2339507 AUD Million [+]
Terms of Trade 102.90 109 109 107 106 106 Index Points [+]
Foreign Direct Investment 29636.00 54387 54536 54686 52779 46728 AUD Million [+]
Capital Flows 3218.00 8272 8170 4367 5889 6059 AUD Million [+]
Tourist Arrivals 780100.00 760624 791029 789416 783364 785195 [+]
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 2.92 2.99 3.05 2.97 3.05 [+]
Weapons Sales 113.00 72.16 72.43 72.69 70.33 63.03 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 36.80 39 38.1 38.76 38.99 39.39 percent [+]
Government Budget -2.40 -2.2 -2.2 -2.2 -1.4 -0.3 percent of GDP [+]
Government Budget Value 6137.00 -5220 -4686 -4416 -4109 -3279 AUD Million [+]
Government Spending 77999.00 79117 79523 79968 80421 85302 AUD Million [+]
Government Revenues 39880.00 36028 33444 36029 33476 36008 AUD Million [+]
Fiscal Expenditure 33743.00 36040 36311 36199 36179 36188 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 35.55 35.68 35.8 35.65 34.68 percent [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 6.00 4 6 8 5.9 6 [+]
Manufacturing PMI 57.50 54.1 57.33 55 57.3 52 [+]
Services PMI 51.70 49.8 50.66 51.2 50.7 50.2 Index Points [+]
Industrial Production 1.10 1.04 2.05 1.25 1.56 1.16 percent [+]
Industrial Production Mom 1.00 0.89 0.7 0.48 0.51 0.55 percent [+]
Manufacturing Production -1.80 -2.24 -2.23 -2.76 -2.83 -2.31 percent [+]
Capacity Utilization 81.90 81.69 81.71 81.7 81.7 81.7 percent [+]
New Orders 42.00 22.25 39.52 27.73 38.13 26.65 [+]
Changes in Inventories 552.00 449 447 429 428 425 AUD Million [+]
Bankruptcies 576.00 679 673 670 669 669 Companies [+]
Corporate Profits 77773.00 79881 78470 64900 76069 59900 AUD Million [+]
Total Vehicle Sales 96751.00 96749 96441 96565 96619 101000 [+]
Car Production 11246.00 11700 12290 10700 12198 12700 Units [+]
Car Registrations 13815.11 13936 14002 14067 14130 14821 Thousand [+]
Leading Economic Index 0.10 0.1 -0.3 0.2 0 0.1 percent [+]
Small Business Sentiment 1.56 2.09 2.22 2.58 2.24 2.4 [+]
Steel Production 392.46 415 411 412 412 412 Thousand Tonnes [+]
Private Investment -2.10 0.04 0.37 0.66 0.66 1.37 percent [+]
Mining Production 6.10 2.64 7.08 6.09 7.72 5.59 percent [+]
Competitiveness Index 5.19 5.17 5.17 5.17 5.16 5.19 Points [+]
Competitiveness Rank 22.00 21 21 21 22 22 [+]
Business Inventories 0.30 0.4 0.53 0.6 0.53 0.4 percent [+]
Corruption Index 79.00 79 79 79 79 79 Points [+]
Corruption Rank 13.00 12 12 12 12 8 [+]
Ease of Doing Business 15.00 13.64 14.02 14.41 14.41 13.34 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 99.00 99.14 99.12 103 99.12 108 [+]
Retail Sales MoM -0.10 0.34 0.31 0.31 0.31 0.31 percent [+]
Retail Sales YoY 2.90 4.2 2.73 4.6 2.68 3.6 percent [+]
Consumer Spending 240561.00 243137 244555 245656 246800 254933 AUD Million [+]
Disposable Personal Income 288116.00 292791 294815 296837 298792 319901 AUD Million [+]
Personal Savings 5.20 5.72 5.82 5.84 5.77 5.79 percent [+]
Consumer Credit 2584.13 2626 2657 2686 2716 3003 AUD Billion [+]
Private Sector Credit 0.30 0.45 0.43 0.43 0.43 0.43 percent [+]
Households Debt To Gdp 123.10 123 123 123 123 122 percent of GDP [+]
Bank Lending Rate 8.60 8.59 8.59 10 8.59 11 percent [+]
Gasoline Prices 0.97 0.74 0.97 0.9 0.97 0.93 USD/Liter [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Building Permits 8.30 0.63 0.39 1.5 0.34 0.33 percent [+]
New Home Sales 7392.00 7250 7200 7000 7481 7450 [+]
Housing Index 4.10 4.04 2.51 3.47 2.59 3.72 percent [+]
Home Ownership Rate 67.00 66.86 66.75 66.65 66.58 65.5 percent [+]
Construction Output -0.20 0.3 0.88 2.2 0.84 0.85 percent [+]
Construction Pmi 51.20 51 48.97 55 47.78 49 Index Points [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 30.00 30 29.98 30 29.96 27.5 percent [+]
Personal Income Tax Rate 45.00 47 45 45 45 45 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 11.50 11.25 11.31 11.23 11.11 11.5 percent [+]
Social Security Rate For Companies 9.50 9.25 9.43 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. 4/24/2017