Australia | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 0.75 0.74 0.73 0.75 0.75 0.8 [+]
Government Bond 10Y 3.10 2.9 3.1 3.06 3.06 4 [+]
Stock Market 5538.30 5510 5580 5555 5555 5555 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 1560.60 1647 1650 1671 1693 1900 [+]
GDP Growth Rate 0.90 0.57 0.7 0.79 0.78 1 [+]
GDP Annual Growth Rate 2.30 2.56 2.5 2.72 2.62 2.54 [+]
GDP Constant Prices 400856.00 406334 410664 410738 413170 481757 [+]
Gross National Product 381799.00 386555 389773 390724 392795 412791 [+]
GDP per capita 37492.85 37590 37642 37699 37756 40259 [+]
Gross Fixed Capital Formation 101326.00 101906 102451 102858 103317 110443 [+]
GDP per capita PPP 42809.93 42743 42734 42774 42813 48084 [+]
GDP From Agriculture 9131.00 9018 8975 8935 8894 8244 [+]
GDP From Construction 30731.00 30525 30430 30359 30306 29468 [+]
GDP From Manufacturing 24796.00 24775 24752 24732 24713 24399 [+]
GDP From Mining 35173.00 35582 35641 35715 35726 35298 [+]
Gdp From Public Administration 21044.00 20992 20983 20982 20979 20883 [+]
Gdp From Utilities 10725.00 10771 10768 10773 10773 10724 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 6.00 6.4 6.5 6.5 6.4 6.5 [+]
Employed Persons 11759.57 11826 11874 11919 11960 13179 [+]
Full Time Employment 14700.00 10070 8310 6531 6948 6060 [+]
Employment Change 42000.00 18015 14160 13601 13268 13102 [+]
Unemployed Persons 745.20 740 734 730 728 795 [+]
Job Vacancies 155.70 155 154 154 153 146 [+]
Youth Unemployment Rate 13.60 13.41 13.39 13.47 13.41 13.44 [+]
Productivity 102.80 103 103 103 103 110 [+]
Labor Force Participation Rate 64.73 64.78 64.74 64.73 64.75 65.34 [+]
Wages 1128.70 1153 1172 1164 1170 1181 [+]
Wages In Manufacturing 1268.50 1230 1250 1303 1311 1380 [+]
Labour Costs 100.90 101 100 100 99.96 106 [+]
Population 23.13 23.39 23.49 23.58 23.67 136 [+]
Retirement Age Women 64.50 64.94 65 64.94 64.94 66 [+]
Retirement Age Men 65.00 65 65 65 65 67 [+]
Job Advertisements 144766.80 146830 147864 148598 149119 150393 [+]
Minimum Wages 656.90 657 657 633 633 666 [+]
Wage Growth 2.30 2.46 2.59 2.73 2.86 3.4 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 1.30 1.82 2.2 1.34 1.55 2.5 [+]
Inflation Rate Mom 0.20 0.8 0.7 0.7 0.14 0.5 [+]
Consumer Price Index CPI 106.80 108 108 109 109 113 [+]
Core Inflation Rate 2.27 1.91 1.83 1.82 1.88 2.02 [+]
Core Consumer Prices 107.80 109 110 110 111 115 [+]
GDP Deflator 100.70 101 101 101 101 106 [+]
Producer Prices 104.60 105 105 105 106 117 [+]
Producer Prices Change 0.70 1.29 1.52 1.91 1.85 1.51 [+]
Export Prices 84.60 84.02 83.95 84.14 84.29 84.24 [+]
Import Prices 105.00 105 106 106 106 106 [+]
Food Inflation 1.90 1.68 2.37 2.44 2.18 2.24 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 2.00 2 2 1.66 1.58 3.25 [+]
Interbank Rate 2.46 2.55 2.4 2.75 2.93 4 [+]
Money Supply M1 330227.00 336645 340954 345278 349546 424501 [+]
Money Supply M3 1779634.00 1830976 1860398 1889418 1918216 2414987 [+]
Central Bank Balance Sheet 165231.00 161083 162506 161690 161773 160372 [+]
Foreign Exchange Reserves 73184.00 72290 70946 70304 69601 67870 [+]
Loans to Private Sector 788506.00 795417 798063 799823 800914 839113 [+]
Banks Balance Sheet 3691.63 3881 3975 4062 4140 4054 [+]
Money Supply M0 90.70 90.13 90.55 90.13 90.55 90.53 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -2751.00 -2810 -2014 -1657 -1408 -2982 [+]
Exports 25528.00 25207 25136 25014 24927 30393 [+]
Imports 28279.00 28531 28468 28429 28395 29712 [+]
Current Account -10741.00 -10498 -11212 -11067 -11088 -12250 [+]
Current Account to GDP -2.90 -2.9 -2.72 -2.97 -3.23 -3.03 [+]
External Debt 1759864.00 1830584 1860212 1902151 1946806 2635562 [+]
Terms of Trade 85.70 84.91 84.55 85.35 85.55 85.52 [+]
Foreign Direct Investment 57525.00 57607 57623 57623 57618 57776 [+]
Capital Flows 10852.00 13255 12044 11726 11922 11869 [+]
Tourist Arrivals 671600.00 619014 757732 645372 645422 646485 [+]
Gold Reserves 79.84 79.84 79.84 79.84 79.84 79.83 [+]
Crude Oil Production 314.00 341 338 336 336 336 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -3.10 -4.23 0.67 -3.76 -3.41 -4.01 [+]
Government Debt to GDP 28.60 33.15 36.57 27.87 27.73 32.32 [+]
Government Budget Value 982.00 -5329 -3532 -2570 -2426 -2382 [+]
Government Spending 70330.00 71072 71487 71834 72137 70443 [+]
Credit Rating 96.54 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 7.00 5.73 4.82 6.24 5.3 5.17 [+]
Manufacturing PMI 44.20 51.74 45.7 46.56 46.29 46.3 [+]
Services PMI 51.20 47.62 47.57 49.13 47.94 47.8 [+]
Industrial Production 2.71 3.2 3.46 4.05 3.86 3.54 [+]
Manufacturing Production 1.60 0.48 0.6 0.35 -0.01 0.1 [+]
Capacity Utilization 80.78 80.67 80.69 80.71 80.73 81.61 [+]
New Orders 19.00 19.98 2.32 10.26 8.28 12.33 [+]
Changes in Inventories 323.00 746 340 407 520 444 [+]
Bankruptcies 834.00 733 717 709 702 768 [+]
Corporate Profits 64514.00 60529 64808 64796 64777 66528 [+]
Car Registrations 13297.26 13500 14500 13595 13653 13550 [+]
Competitiveness Index 5.08 5.14 5.14 5.14 5.14 5.15 [+]
Competitiveness Rank 22.00 18.44 18.44 18.44 18.44 16.75 [+]
Corruption Index 80.00 82.14 82.51 83.44 84.36 85.05 [+]
Corruption Rank 11.00 11 11 11 11 9.38 [+]
Ease of Doing Business 10.00 10.68 10.64 10.66 10.69 10.78 [+]
Industrial Production Mom 1.79 0.6 0.3 0.23 0.59 0.57 [+]
Leading Economic Index 97.93 97.85 97.82 97.82 97.81 101 [+]
Mining Production 6.00 1.79 1.35 2.25 3.5 4.96 [+]
Small Business Sentiment -5.68 -5.37 -2.59 -0.14 1.24 1.56 [+]
Total Vehicle Sales 93479.00 94790 95158 94273 94543 94530 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 95.30 97.53 96.08 98.8 97.65 96.96 [+]
Retail Sales MoM 0.30 0.45 0.45 0.43 0.42 0.34 [+]
Retail Sales YoY 4.40 4.35 4.4 4.46 4.54 4.27 [+]
Consumer Spending 219717.00 222091 223140 224243 225345 234632 [+]
Disposable Personal Income 272540.00 277530 294570 281979 284020 320802 [+]
Personal Savings 8.30 8.25 8.57 8.53 8.49 8.5 [+]
Consumer Credit 2310904.00 2362935 2393280 2423030 2452197 2889531 [+]
Private Sector Credit 0.50 0.49 0.47 0.51 0.48 0.48 [+]
Bank Lending Rate 8.85 8.61 8.5 8.42 8.38 10 [+]
Gasoline Prices 1.08 1.07 1.07 1.07 1.06 0.99 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 1.60 1.8 3.36 2.33 2.27 1.7 [+]
Building Permits 2.40 -1.14 -0.12 0.14 0.37 0.37 [+]
New Home Sales 7946.00 7161 9456 8287 7463 7462 [+]
Construction Output -2.40 -0.35 0.06 0.18 0.67 0.94 [+]
Construction Pmi 47.80 [+]
Home Ownership Rate 67.00 66.76 66.67 66.6 66.53 65.23 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 30.00 35.93 35.93 35.93 35.93 30.05 [+]
Personal Income Tax Rate 45.00 45.16 45.16 45.19 45.22 45 [+]
Sales Tax Rate 10.00 10 10 10 10 10 [+]
Social Security Rate 10.75 10.75 10.75 10.51 10.51 12 [+]
Social Security Rate For Companies 9.25 9.25 9.25 9.01 9.01 10 [+]
Social Security Rate For Employees 1.50 1.5 1.5 1.5 1.5 2 [+]



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. 7/4/2015