Australia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 1.10 0.5 0.6 0.7 0.9 0.8 percent [+]
Unemployment Rate 5.70 5.8 6 5.9 6.1 6.2 percent [+]
Inflation Rate 1.30 1.4 1.5 1.7 1.9 3.8 percent [+]
Interest Rate 1.75 1.75 1.75 1.5 1.5 3.5 percent [+]
Balance of Trade -1579.00 -2250 -2240 -2328 -2219 -3914 AUD Million [+]
Government Debt to GDP 36.80 38 38 38 39 39.39 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 0.74 0.73 0.73 0.72 0.71 0.59 [+]
Stock Market 5105.60 5270 5210 5160 5110 4260 points [+]
Government Bond 10Y 1.99 2.25 2.27 2.3 2.32 2.68 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 1.10 0.5 0.6 0.7 0.9 0.8 percent [+]
GDP Annual Growth Rate 3.10 3 2.8 2.7 2.6 2.9 percent [+]
GDP 1454.68 1595 1599 1603 1626 1753 USD Billion [+]
GDP Constant Prices 420023.00 421583 424642 427740 430874 481257 AUD Million [+]
Gross National Product 387643.00 388879 390217 391569 392843 410391 AUD Million [+]
Gross Fixed Capital Formation 98469.00 101744 102008 102940 103723 115635 AUD Million [+]
GDP per capita 37828.25 37897 38005 38114 38214 39616 USD [+]
GDP per capita PPP 43218.75 43287 43487 43687 43805 45570 USD [+]
GDP From Agriculture 9245.00 8936 8982 9024 9050 9560 AUD Million [+]
GDP From Construction 32094.00 32342 32272 32334 32346 32329 AUD Million [+]
GDP From Manufacturing 24366.00 24275 24317 24440 24336 24377 AUD Million [+]
GDP From Mining 38935.00 38845 39907 39933 40882 49630 AUD Million [+]
GDP From Public Administration 23179.00 22892 22754 22803 23154 25047 AUD Million [+]
GDP From Utilities 11224.00 11271 11349 11363 11403 11980 AUD Million [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 5.70 5.8 6 5.9 6.1 6.2 percent [+]
Employed Persons 11930.73 11943 11976 12006 12034 12250 Thousand [+]
Unemployed Persons 726.38 721 716 712 710 705 Thousand [+]
Part Time Employment 20200.00 8860 7105 6982 7013 7013 [+]
Full Time Employment 0.00 829 3954 5476 6187 6763 [+]
Employment Change 17900.00 15626 15914 5400 -1200 15616 Persons [+]
Labor Force Participation Rate 64.80 64.81 64.8 64.8 64.8 64.8 percent [+]
Youth Unemployment Rate 12.28 12.13 12.07 12.04 12.02 11.98 percent [+]
Labour Costs 100.10 100 99.36 99.23 98.76 96.91 Index Points [+]
Productivity 102.30 103 104 104 104 108 Index Points [+]
Job Vacancies 172.90 177 178 178 178 178 Thousand [+]
Job Advertisements 157942.00 158561 161159 162970 164195 166687 [+]
Wages 1145.70 1179 1195 1166 1171 1230 AUD/Week [+]
Wages In Manufacturing 1266.90 1277 1286 1295 1303 1328 AUD/Week [+]
Wage Growth 2.10 2 2 2.1 2.4 3.3 percent [+]
Minimum Wages 656.90 670 670 670 680 760 AUD/week [+]
Population 23.94 23.99 24.08 24.17 24.27 25.62 Million [+]
Retirement Age Women 64.50 64.5 64.67 64.73 64.73 64.84 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Wages High Skilled 5000.00 5000 5000 5000 5000 5000 AUD/Month [+]
Employment Rate 61.25 61.02 61.3 61.41 61.36 61.33 percent [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate 1.30 1.4 1.5 1.7 1.9 3.8 percent [+]
Inflation Rate Mom -0.20 0.4 0.4 0.5 0.7 1 percent [+]
Consumer Price Index CPI 108.20 109 109 109 111 119 Index Points [+]
Core Consumer Prices 109.60 110 111 111 113 118 Index Points [+]
Core Inflation Rate 1.67 1.77 1.64 1.59 1.76 2.1 percent [+]
GDP Deflator 98.20 97.93 97.81 97.8 97.76 96.57 Index Points [+]
Producer Prices 105.90 106 106 107 107 115 Index Points [+]
Producer Prices Change 1.20 0.79 0.18 0 0.18 0.71 percent [+]
Export Prices 72.90 77.64 74.76 76.31 77.37 76.11 Index Points [+]
Import Prices 104.50 108 104 104 104 104 Index Points [+]
Food Inflation 0.00 0.08 0.65 0.53 0.64 0.48 percent [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 1.75 1.75 1.75 1.5 1.5 3.5 percent [+]
Interbank Rate 2.17 2.4 2.5 2.03 2 4 percent [+]
Money Supply M0 97.77 103 108 113 118 198 AUD Billion [+]
Money Supply M1 326.46 326 326 325 325 318 AUD Billion [+]
Money Supply M3 1879.02 1904 1937 1971 2005 2611 AUD Billion [+]
Banks Balance Sheet 3983.57 4073 4157 4241 4325 5751 AUD Billion [+]
Central Bank Balance Sheet 166393.00 169377 166566 166554 166554 166554 AUD Million [+]
Foreign Exchange Reserves 80111.00 81258 80339 77537 76167 75763 AUD Million [+]
Loans to Private Sector 852.25 861 873 884 894 965 AUD Billion [+]
Deposit Interest Rate 2.30 2.9 2.91 2.92 2.93 3.97 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade -1579.00 -2250 -2240 -2328 -2219 -3914 AUD Million [+]
Exports 26734.00 26192 26162 26153 26155 28455 AUD Million [+]
Imports 28313.00 28220 28153 28123 28112 32369 AUD Million [+]
Current Account -20794.00 -21399 -21011 -20803 -16699 -22921 AUD Million [+]
Current Account to GDP -4.60 -4.34 -4.55 -4.77 -4.74 -4.3 percent [+]
External Debt 1898459.00 1923676 1974384 2026637 2065563 2581930 AUD Million [+]
Terms of Trade 78.70 78.26 77.9 78.27 78.48 78.61 Index Points [+]
Foreign Direct Investment 29636.00 47618 54536 54686 52779 46728 AUD Million [+]
Capital Flows 20549.00 20127 20205 20675 20406 20425 AUD Million [+]
Tourist Arrivals 610800.00 662319 684300 699061 689575 690240 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 Tonnes [+]
Crude Oil Production 330.00 339 339 334 334 334 BBL/D/1K [+]
Terrorism Index 3.11 1.45 1.92 2.39 2.31 1.85 [+]
Weapons Sales 113.00 72.16 72.43 72.69 70.33 63.03 USD Million [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 36.80 38 38 38 39 39.39 percent [+]
Government Budget -2.40 -3.5 -3.4 -3.7 -3.5 -1.8 percent of GDP [+]
Government Budget Value 3093.00 -4870 -4871 -4901 -5219 -3214 AUD Million [+]
Government Spending 74336.00 74630 75005 75420 75811 81676 AUD Million [+]
Government Revenues 40456.00 37557 36117 38703 36872 39539 AUD Million [+]
Fiscal Expenditure 35909.00 35766 35401 35286 35321 35326 AUD Million [+]
Military Expenditure 27793.00 28387 28676 28964 28956 29324 USD Million [+]
Asylum Applications 1787.00 1787 1787 1787 1787 1787 Persons [+]
Government Spending To Gdp 35.60 35.01 35.05 35.1 35 34.53 percent [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 3.00 4 3 6 6 6 [+]
Services PMI 51.50 49.9 51.63 50 49.8 50.2 Index Points [+]
Manufacturing PMI 51.00 53.5 53.7 54 54.1 52 [+]
Industrial Production 4.78 2.27 5.14 3.57 2.38 3.12 percent [+]
Industrial Production Mom 3.24 0.7 0.33 0.39 0.22 0.6 percent [+]
Manufacturing Production 3.06 -0.12 0.71 1.19 1.67 2.42 percent [+]
Capacity Utilization 82.04 81.93 82.01 82.03 82.04 82.04 percent [+]
New Orders 25.00 18.84 37.93 20.21 38.39 22.4 [+]
Changes in Inventories 651.00 551 487 457 443 429 AUD Million [+]
Bankruptcies 841.00 824 826 718 795 797 Companies [+]
Corporate Profits 59295.00 60795 58824 59239 59522 59915 AUD Million [+]
Total Vehicle Sales 95855.00 97581 97010 97346 97412 101000 [+]
Car Production 12012.00 14004 13825 13731 13714 13650 Units [+]
Car Registrations 13549.45 13662 13723 13785 13843 14803 Thousand [+]
Leading Economic Index 0.21 -0.02 0 97 97 99 percent [+]
Small Business Sentiment -4.14 -8.68 -6.55 -6.08 -5.24 -5.51 [+]
Steel Production 386.00 386 382 382 382 382 Thousand Tonnes [+]
Mining Production 12.98 3.81 4.32 2.64 2.64 9.9 percent [+]
Competitiveness Index 5.15 5.11 5.11 5.11 5.18 5.18 Points [+]
Competitiveness Rank 21.00 20 20 20 19 17 [+]
Business Inventories 0.40 0.2 0.3 0.3 0.4 0.4 percent [+]
Corruption Index 79.00 81 81 82 82 87 Points [+]
Corruption Rank 13.00 12 12 12 12 8 [+]
Ease of Doing Business 13.00 11 11 11 11 11 [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence 102.17 102 102 102 102 108 [+]
Retail Sales MoM 0.20 0.35 0.33 0.33 0.33 0.33 percent [+]
Retail Sales YoY 3.40 3.25 3.23 3.9 4.2 3.6 percent [+]
Consumer Spending 233040.00 234614 236191 237779 239378 264768 AUD Million [+]
Disposable Personal Income 284641.00 288275 291748 295068 298482 352234 AUD Million [+]
Personal Savings 8.10 8.02 8.02 8.13 8.04 8.06 percent [+]
Consumer Credit 2479.62 2506 2546 2585 2623 3127 AUD Billion [+]
Private Sector Credit 0.60 0.53 0.52 0.53 0.53 0.53 percent [+]
Bank Lending Rate 8.70 8.65 8.54 8.46 8.41 11 percent [+]
Gasoline Prices 0.86 0.86 0.78 0.76 0.74 0.93 USD/Liter [+]
Households Debt To Gdp 124.30 126 127 128 128 132 percent of GDP [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Building Permits 3.00 1.05 -0.43 0.34 0.63 0.34 percent [+]
New Home Sales 7610.00 7667 7650 7649 7650 7450 [+]
Housing Index -0.20 -0.2 0.1 2.82 1.15 2.34 percent [+]
Construction Output -2.60 -0.5 0.2 0.3 1.13 0.73 percent [+]
Construction Pmi 46.70 49.9 50.6 50 51 49 Index Points [+]
Home Ownership Rate 67.00 66.85 66.76 66.66 66.59 65.22 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 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. 6/28/2016