http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/australia/current-account-to-gdpAustralia reported a Current Account deficit of 2.20 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, Australia Current Account to GDP averaged -4.2 Percent reaching an all time high of -2.0 Percent in December of 2001 and a record low of -6.2 Percent in December of 2007. The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Australia Current Account to GDP.Mon, 21 May 2012 16:56:00 GMThttp://www.tradingeconomics.com/australia/government-debt-to-gdpAustralia recorded a Current Account equivalent to 22.90 percent of the country's Gross Domestic Product in 2011. Historically, from 1989 until 2011, Australia Government Debt To GDP averaged 19.8 Percent reaching an all time high of 31.5 Percent in December of 1994 and a record low of 9.5 Percent in December of 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Australia Government Debt To GDP.International Monetary Fund Mon, 21 May 2012 16:25:00 GMThttp://www.tradingeconomics.com/australia/government-budgetAustralia reported a Government Budget deficit equal to 4.10 percent of the country's Gross Domestic Product in 2011. Historically, from 1979 until 2011, Australia Government Budget averaged -0.8 Percent of GDP reaching an all time high of 2.0 Percent of GDP in June of 2000 and a record low of -4.3 Percent of GDP in June of 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Australia Government Budget.Australian Government, ADBMon, 21 May 2012 16:20:00 GMThttp://www.tradingeconomics.com/australia/interest-rateThe benchmark interest rate in Australia was last reported at 3.75 percent. Historically, from 1990 until 2012, Australia Interest Rate averaged 5.6 Percent reaching an all time high of 17.5 Percent in January of 1990 and a record low of 3.0 Percent in April of 2009. In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds. This page includes a chart with historical data for Australia Interest Rate.Reserve Bank of AustraliaThu, 17 May 2012 18:06:00 GMThttp://www.tradingeconomics.com/australia/consumer-confidenceIn Australia, the consumer confidence increased 0.8% in May to 95.3 from 94.5 in April. Historically, from 1974 until 2012, Australia Consumer Confidence averaged 0.2 reaching an all time high of 14.2 in October of 1986 and a record low of -16.6 in June of 1989. The Westpac Melbourne Institute Index of Consumer Sentiment is an average of five component indexes which reflect consumers' evaluations of their household financial situation over the past year and the coming year, anticipated economic conditions over the coming year and the next five years, and buying conditions for major household items. Compiled from a survey of 1,200 Australians, index scores below 100 indicate that pessimists outweigh optimists. This page includes a chart with historical data for Australia Consumer Confidence.Westpac Banking CorporationWed, 16 May 2012 15:19:00 GMThttp://www.tradingeconomics.com/australia/unemployment-rateThe unemployment rate in Australia was last reported at 5.2 percent in March of 2012. Historically, from 1978 until 2012, Australia Unemployment Rate averaged 7.0 Percent reaching an all time high of 10.9 Percent in December of 1992 and a record low of 4.0 Percent in February of 2008. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Australia Unemployment Rate.Australian Bureau of StatisticThu, 10 May 2012 11:55:00 GMThttp://www.tradingeconomics.com/australia/balance-of-tradeAustralia reported a trade deficit equivalent to 1587 Million AUD in March of 2012. Historically, from 1971 until 2012, Australia Balance of Trade averaged -370.7 Million AUD reaching an all time high of 3371.0 Million AUD in June of 2010 and a record low of -3682.0 Million AUD in February of 2008. Rich in natural resources, Australia is a major exporter of agricultural products, particularly wheat and wool, minerals such as iron-ore and gold, and energy in the form of liquefied natural gas and coal. Australia is a major importer of machinery and transport equipment, computers and office machines and telecommunication lasers. Its main trading partners are: Japan, China, The United States and New Zealand. This page includes a chart with historical data for Australia Balance of Trade.Australian Bureau of StatisticTue, 08 May 2012 11:28:00 GMThttp://www.tradingeconomics.com/australia/importsAustralia imports were worth 24905 Million AUD in February of 2012. Historically, from 1971 until 2012, Australia Imports averaged 8438.1 Million AUD reaching an all time high of 27405.0 Million AUD in December of 2011 and a record low of 396.0 Million AUD in May of 1972. Australia is a major importer of machinery and transport equipment, computers and office machines and telecommunication lasers. Main import partners are European Union, China, United States, Japan and Singapore. This page includes a chart with historical data for Australia Imports.Australian Bureau of StatisticTue, 08 May 2012 11:24:00 GMThttp://www.tradingeconomics.com/australia/exportsAustralia exports were worth 24521 Million AUD in March of 2012. Historically, from 1971 until 2012, Australia Exports averaged 8064.9 Million AUD reaching an all time high of 28037.0 Million AUD in August of 2011 and a record low of 435.0 Million AUD in October of 1971. Rich in natural resources, Australia is a major exporter of agricultural products, particularly wheat and wool, minerals such as iron-ore and gold, and energy in the form of liquefied natural gas and coal. The agricultural and mining sectors account for 57% of the nation's exports. Australia's largest export markets are Japan, China, European Union, South Korea and United States. This page includes a chart with historical data for Australia Exports.Australian Bureau of StatisticTue, 08 May 2012 11:24:00 GMThttp://www.tradingeconomics.com/australia/retail-salesRetail Sales in Australia increased 0.90 percent in March of 2012 over the previous month. Historically, from 1982 until 2012, Australia Retail Sales averaged 0.5 Percent reaching an all time high of 8.2 Percent in June of 2000 and a record low of -10.7 Percent in July of 2000. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Australia Retail Sales.ABSMon, 07 May 2012 16:27:00 GMThttp://www.tradingeconomics.com/australia/retail-sales-annualRetail Sales in Australia increased 1.80 percent in March of 2012 over the same month in the previous year. Historically, from 1983 until 2012, Australia Annual Retail Sales averaged 6.1 Percent reaching an all time high of 31.9 Percent in June of 2000 and a record low of -6.1 Percent in June of 2001. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Australia Annual Retail Sales.ABSMon, 07 May 2012 16:26:00 GMThttp://www.tradingeconomics.com/australia/business-confidenceIn Australia, business confidence improved to 4 in April of 2012 from 3 in March of 2012. Historically, from 1997 until 2012, Australia Business Confidence averaged 6.3 reaching an all time high of 21.1 in May of 2002 and a record low of -31.6 in January of 2009. The National Australia Bank's monthly survey of business confidence measures current performance of the non-farm business sector and is based on a survey of around 350 small to large sized companies. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do. This page includes a chart with historical data for Australia Business Confidence.National Australia BankMon, 07 May 2012 10:55:00 GMThttp://www.tradingeconomics.com/australia/inflation-cpiThe inflation rate in Australia was recorded at 1.60 percent in March of 2012. Historically, from 1973 until 2012, Australia Inflation Rate averaged 5.9 Percent reaching an all time high of 17.6 Percent in March of 1975 and a record low of -0.3 Percent in September of 1997. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Australia Inflation Rate.Australian Bureau of StatisticTue, 24 Apr 2012 11:09:00 GMThttp://www.tradingeconomics.com/australia/current-accountAustralia reported a current account deficit equivalent to 8374 Million AUD in the fourth quarter of 2011. Historically, from 1959 until 2011, Australia Current Account averaged -4038.5 Million AUD reaching an all time high of 292.0 Million AUD in December of 1972 and a record low of -20503.0 Million AUD in March of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Australia Current Account.Australian Bureau of StatisticThu, 22 Mar 2012 14:43:00 GMThttp://www.tradingeconomics.com/australia/gdp-growth-annualThe Gross Domestic Product (GDP) in Australia expanded 2.30 percent in the fourth quarter of 2011 since the same quarter on the previous year. Historically, from 1960 until 2011, Australia GDP Annual Growth Rate averaged 3.5 Percent reaching an all time high of 9.0 Percent in June of 1964 and a record low of -3.4 Percent in June of 1983. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Australia GDP Annual Growth Rate.Australian Bureau of StatisticWed, 07 Mar 2012 10:56:00 GMThttp://www.tradingeconomics.com/australia/gdp-growthThe Gross Domestic Product (GDP) in Australia expanded 0.40 percent in the fourth quarter of 2011 over the previous quarter. Historically, from 1959 until 2011, Australia GDP Growth Rate averaged 0.9 Percent reaching an all time high of 4.5 Percent in March of 1976 and a record low of -2.0 Percent in June of 1974. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Australia's economy is dominated by its services sector, yet its economic success is based on abundance of agricultural and mineral resources. Australia's comparative advantage in the export of primary products is a reflection of the natural wealth of the Australian continent and its small domestic market. The country is a major regional financial centre and a vital component of the global financial system. This page includes a chart with historical data for Australia GDP Growth Rate.Australian Bureau of StatisticWed, 07 Mar 2012 10:47:00 GMThttp://www.tradingeconomics.com/australia/gdp-per-capitaThe Gross Domestic Product per capita in Australia was last reported at 24968.48 US dollars in 2009, according to a report published by the World Bank. The GDP per Capita in Australia is equivalent to 202 percent of the world's average. Historically, from 1965 until 2009, Australia GDP per capita averaged 16816.9 USD reaching an all time high of 25170.1 USD in December of 2008 and a record low of 10449.8 USD in December of 1965. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Australia GDP per capita.World BankWed, 04 Jan 2012 19:04:00 GMThttp://www.tradingeconomics.com/australia/gdp-per-capita-pppThe Gross Domestic Product per capita in Australia was last reported at 39406.67 US dollars in 2009, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Australia, when adjusted by Purchasing Power Parity is equivalent to 179 percent of the world's average. Historically, from 1980 until 2009, Australia GDP per capita PPP averaged 22450.3 USD reaching an all time high of 39406.7 USD in December of 2009 and a record low of 10244.6 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Australia GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/australia/population Historically, from 1960 until 2010, Australia Population averaged 15.9 Million reaching an all time high of 22.5 Million in December of 2010 and a record low of 10.3 Million in December of 1960. The total population in Australia was last reported at 22.5 million people in 2010 from 10.3 million in 1960, changing 119 percent during the last 50 years. Australia has 0.33 percent of the world´s total population which means that one person in every 307 people on the planet is a resident of Australia. This page includes a chart with historical data for Australia's Total Population. This page includes a chart with historical data for Australia Population.World BankFri, 28 Oct 2011 13:56:00 GMT