Australia | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 0.79 0.83 0.82 0.8 0.77 0.83 [+]
Government Bond 10Y 2.56 3.7 3.8 5 6 3.1 [+]
Stock Market 5547.20 5310 5360 5840 6420 7060 [+]
GDP Actual Q1/15 Q2/15 2020 2030 2050
GDP 1560.60 1564 1596 1900 2200 2604 [+]
GDP Growth Rate 0.30 0.8 0.7 1 1 0.51 [+]
GDP Annual Growth Rate 2.70 3 2.79 2.54 2.79 2.72 [+]
GDP Constant Prices 395148.00 403508 404979 481757 678505 618588 [+]
Gross National Product 379020.00 383501 387763 412791 485151 379035 [+]
GDP per capita 37492.85 37805 37852 38259 38314 38316 [+]
Gross Fixed Capital Formation 103088.00 102389 102482 102443 102413 102353 [+]
GDP per capita PPP 42809.93 43132 43202 44084 44385 44421 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 6.10 6.29 6.35 5.8 5.8 6.35 [+]
Employed Persons 11679.37 11718 11760 12179 12265 12269 [+]
Full Time Employment 41600.00 3206 3004 840 840 840 [+]
Employment Change 37400.00 17397 15911 13174 13172 13172 [+]
Unemployed Persons 759.15 768 765 765 765 765 [+]
Job Vacancies 140520.90 141710 144053 137405 139218 139565 [+]
Youth Unemployment Rate 13.20 13.44 13.74 13.2 13.36 13.69 [+]
Productivity 102.80 104 104 116 131 99.96 [+]
Labor Force Participation Rate 64.80 64.58 64.59 64.34 64.28 64.28 [+]
Wages 1123.00 1153 1145 1181 1300 1757 [+]
Wages In Manufacturing 1216.30 1348 1220 1380 1500 1307 [+]
Labour Costs 102.60 103 103 103 101 102 [+]
Population 23.13 23.16 23.63 25.76 28.83 33.15 [+]
Retirement Age Women 64.50 65 65 66 68.5 66 [+]
Retirement Age Men 65.00 65 65 66 68.5 65 [+]
Minimum Wages 640.90 635 646 746 780 735 [+]
Prices Actual Q1/15 Q2/15 2020 2030 2050
Inflation Rate 1.70 2.6 2.6 3 3 1.9 [+]
Inflation Rate Mom 0.20 0.49 0.57 0.3 0.3 0.22 [+]
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 107.10 108 108 115 105 84.38 [+]
GDP Deflator 101.20 101 101 95.77 81.58 72.86 [+]
Producer Prices 104.00 105 105 112 121 132 [+]
Producer Prices Change 1.20 1.82 1.76 1.77 1.82 1.82 [+]
Export Prices 85.30 87.02 88.15 87.55 87.55 87.55 [+]
Import Prices 104.30 104 104 104 104 104 [+]
Food Inflation 2.00 3.41 3.46 2.98 3.01 3.02 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 2.50 2.5 2.75 3.25 4.5 5.7 [+]
Interbank Rate 3.02 3.2 3.3 4 5 6.93 [+]
Money Supply M1 310804.00 315292 318661 391374 513956 725837 [+]
Money Supply M3 1722040.00 1751756 1771861 1937033 1958084 1958504 [+]
Central Bank Balance Sheet 136338.00 140748 142879 140347 140347 140347 [+]
Foreign Exchange Reserves 65705.00 61905 64116 40884 64250 44423 [+]
Loans to Private Sector 2025273.00 2067628 2107726 2532824 2533671 2532622 [+]
Banks Balance Sheet 3455.79 3462 3460 3461 3461 3461 [+]
Money Supply M0 87.85 87.8 88.12 88.11 88.08 88.04 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -925.00 -1774 -1648 -1344 -1387 -1389 [+]
Exports 27085.00 25862 26042 26516 26483 26480 [+]
Imports 28010.00 27636 27690 27859 27869 27869 [+]
Current Account -12525.00 -13276 -13076 -12250 -14800 -12709 [+]
Current Account to GDP -2.90 -2.22 -2.14 -1.9 -1.9 -1.9 [+]
External Debt 1612746.00 1659377 1677721 1680525 1680891 1680897 [+]
Terms of Trade 89.50 86.33 86.17 89.75 90.12 90.24 [+]
Foreign Direct Investment 52667.00 52418 52413 52403 52403 52403 [+]
Capital Flows 15133.00 12290 11753 12845 12849 12849 [+]
Tourist Arrivals 517500.00 653964 564851 653283 653281 653281 [+]
Gold Reserves 79.85 79.85 79.85 79.85 79.85 79.85 [+]
Crude Oil Production 338.00 321 336 348 340 348 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -3.10 -4.17 -4.42 -5.67 -5.7 -5.7 [+]
Government Debt to GDP 20.48 15.11 14.08 5.57 4.73 4.72 [+]
Government Budget Value 1727.00 -3276 -2478 -4486 -4487 -4487 [+]
Government Spending 69973.00 70262 70561 72406 69737 64979 [+]
Credit Rating 96.54 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 2.00 3.89 2.97 2.96 2.92 2.92 [+]
Manufacturing PMI 46.91 48.99 49.89 48.19 48.2 48.2 [+]
Services PMI 47.50 46.06 44.96 45.16 45.16 45.16 [+]
Industrial Production 3.68 5.07 4.77 3.82 4.48 4.17 [+]
Manufacturing Production -0.51 -2.57 -2.47 0.01 0.26 0.51 [+]
Capacity Utilization 80.48 80.62 80.42 80.55 80.51 80.32 [+]
New Orders 4.00 13.17 7.66 14.69 14.62 14.62 [+]
Changes in Inventories 838.00 582 1128 460 459 459 [+]
Bankruptcies 631.00 748 698 614 614 614 [+]
Corporate Profits 65105.00 64750 64753 64759 64759 64759 [+]
Car Registrations 13297260.00 92356 91626 120087 150901 19056104 [+]
Industrial Production Mom 0.47 0.21 0.69 0.56 0.56 0.56 [+]
Leading Economic Index 97.89 97.87 97.86 97.85 97.85 97.85 [+]
Mining Production 11.30 8.44 7.58 4.79 4.78 4.78 [+]
Small Business Sentiment 0.69 0.38 1.26 2.09 2.09 2.09 [+]
Total Vehicle Sales 94903.00 92164 91508 93233 93238 93238 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence 93.20 91.4 87.43 91.02 91.14 91.14 [+]
Retail Sales MoM 0.10 0.31 0.45 0.27 0.27 0.27 [+]
Retail Sales YoY 4.50 5.04 5.55 4.77 4.77 4.77 [+]
Consumer Spending 216940.00 219036 219856 224632 224803 224804 [+]
Disposable Personal Income 269783.00 272084 272925 274570 274571 274571 [+]
Personal Savings 9.30 9.32 9.42 9.54 9.32 9.38 [+]
Consumer Credit 2253517.00 2297380 2329476 2894078 3454048 3815749 [+]
Private Sector Credit 0.40 0.6 0.58 0.57 0.57 0.57 [+]
Bank Lending Rate 9.30 9.3 9.3 10 12 9.3 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 1.50 1.31 0.8 2.55 2.45 1.63 [+]
Building Permits 7.50 3.9 3.9 3.53 3.52 3.52 [+]
New Home Sales 7662.00 8901 8225 7361 7361 7361 [+]
Taxes Actual Q1/15 Q2/15 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 [+]