Markets Actual Q2 Q3 Q4 Q1 2022
Currency 0.77 0.77 0.76 0.76 0.75 0.75
Stock Market (points) 7314.50 7183 7053 6927 6802 6552
Government Bond 10Y (%) 1.46 1.53 1.59 1.66 1.73 1.87

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.80 0.7 0.9 1 0.7 0.9
GDP Annual Growth Rate (%) 1.10 8.6 6.3 4.2 3 3
Unemployment Rate (%) 5.50 5.5 5.2 5 4.8 4.5
Inflation Rate (%) 1.10 3.7 2.8 2.2 2 2.1
Inflation Rate Mom (%) 0.60 0.7 0.3 0.4 0.3 0.6
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Balance of Trade (AUD Million) 8028.00 5000 5000 -500 6000 5500
Current Account (AUD Million ) 18283.00 8000 5000 3500 2000 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 1.2 0.4 0.4
Government Debt to GDP (% of GDP) 24.80 36.1 40.4 40.4 40.4 42.8
Government Budget (% of GDP) -4.30 -11 -5.6 -5.6 -5.6 -4.2
Business Confidence (points) 20.00 25 19 15 10 10
Manufacturing PMI (points) 61.80 62 61 60 58 53
Services PMI (points) 61.20 60 58 56 54 51
Consumer Confidence (points) 107.20 114 109 103 100 98
Retail Sales MoM (%) 1.10 0.8 0.6 0.5 0.5 0.4
Building Permits (%) -8.60 6 2.2 2.5 2.5 3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.80 0.7 0.9 1 0.7 0.9
GDP Annual Growth Rate (%) 1.10 8.6 6.3 4.2 3 3
GDP (USD Billion) 1397.00 1370 1370 1370 1370 1480
GDP Constant Prices (AUD Million) 501065.00 500570 506645 512169 506271 527534
Gross National Product (AUD Million) 510848.00 495411 505746 516242 510297 531729
Gross Fixed Capital Formation (AUD Million) 115937.00 116000 114000 118727 114000 119000
GDP per capita (USD) 57071.20 56100 56100 56100 56100 57300
GDP per capita PPP (USD) 49756.30 49000 49000 49000 49000 49600
GDP From Agriculture (AUD Million) 12627.00 9837 9607 11943 11806 12302
GDP From Construction (AUD Million) 34574.00 34972 35116 34514 34117 35550
GDP From Manufacturing (AUD Million) 27893.00 27798 28412 28182 27857 29027
GDP From Mining (AUD Million) 49257.00 54793 52497 50924 50337 52451
GDP From Public Administration (AUD Million) 27926.00 29961 29762 29406 29068 30288
GDP From Utilities (AUD Million) 11529.00 12585 12451 12099 11959 12462

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 5.50 5.5 5.2 5 4.8 4.5
Employed Persons (Thousand ) 13040.39 13000 13100 13000 13000 12900
Unemployed Persons (Thousand ) 756.23 750 730 720 720 740
Part Time Employment (Persons) 91505.00 6000 4000 12000 12000 10500
Full Time Employment (Persons) 33800.00 30000 23000 15000 15000 18000
Employment Change (Persons) -30600.00 26000 27000 27000 27000 28500
Labor Force Participation Rate (%) 66.00 66.5 66 66.1 66.2 66.3
Youth Unemployment Rate (%) 10.60 11.3 11.1 11 11 11
Labour Costs (points) 102.10 102 105 114 114 110
Productivity (points) 103.00 102 102 102 102 102
Job Vacancies (Thousand) 288.70 214 218 226 240 226
Job Advertisements 213895.00 188000 165000 163000 170000 175000
Wages (AUD/Week) 1280.30 1318 1318 1349 1349 1349
Wages In Manufacturing (AUD/Week) 1458.00 1490 1520 1520 1500 1480
Wage Growth (%) 1.50 2 2.3 2.3 2 2.3
Minimum Wages (AUD/week) 753.80 770 770 770 770 790
Population (Million) 25.68 26.6 26.6 26.62 26.62 27.1
Retirement Age Women 66.00 66.5 66.5 66.5 66.5 66.5
Retirement Age Men 66.00 66.5 66.5 66.5 66.5 66.5
Employment Rate (%) 62.60 62.2 62.3 62.5 62.6 62.5

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.10 3.7 2.8 2.2 2 2.1
Inflation Rate Mom (%) 0.60 0.7 0.3 0.4 0.3 0.6
Consumer Price Index CPI (points) 117.90 119 119 120 120 122
Core Consumer Prices (points) 118.36 119 119 120 120 122
Core Inflation Rate (%) 1.10 1.6 1.4 1.4 1.4 1.8
Producer Prices (points) 112.80 113 113 117 114 117
Producer Prices Change (%) 0.20 1.3 1.5 1.9 1.5 1.9
Export Prices (points) 121.30 116 112 111 111 108
Import Prices (points) 106.10 113 114 112 112 111
Food Inflation (%) 0.70 1.5 2.1 2.1 2 2.3
Inflation Expectations (%) 4.40 4.2 4 3.6 3.5 3.6
CPI Housing Utilities (points) 120.90 126 125 123 123 126
CPI Transportation (points) 106.90 103 106 106 109 108

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Money Supply M1 (AUD Billion) 1449.15 1442 1447 1452 1457 1473
Central Bank Balance Sheet (AUD Million) 479357.00 430000 420000 410000 390000 370000
Banks Balance Sheet (AUD Billion) 5169.50 5100 5000 4800 4700 4500
Foreign Exchange Reserves (AUD Million) 62122.00 60000 60000 61000 61000 63000
Loans to Private Sector (AUD Billion) 999.18 1091 1053 1025 1032 1056
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Private Debt to GDP (%) 211.77 202 202 202 202 202

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (AUD Million) 8028.00 5000 5000 -500 6000 5500
Current Account (AUD Million ) 18283.00 8000 5000 3500 2000 1600
Current Account to GDP (% of GDP) 2.50 1.2 1.2 1.2 0.4 0.4
Imports (AUD Million) 31743.00 35000 35500 36000 36000 36500
Exports (AUD Million) 39772.00 40000 40500 41000 42000 42000
External Debt (AUD Million) 2126051.00 2170000 2180000 2200000 2200000 2300000
Terms of Trade (points) 114.30 103 98.68 98.67 98.67 97.3
Foreign Direct Investment (AUD Million) 29274.00 48000 48000 48000 48000 55000
Capital Flows (AUD Million) -15363.00 4000 6000 9000 9000 9000
Tourist Arrivals 8320.00 10000 30000 40000 80000 100000
Gold Reserves (Tonnes) 79.85 76 72 70 75 80

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 24.80 36.1 40.4 40.4 40.4 42.8
Government Budget (% of GDP) -4.30 -11 -5.6 -5.6 -5.6 -4.2
Government Budget Value (AUD Million) 6957.00 -13600 -11000 -229 -6000 -9000
Government Spending (AUD Million) 104151.00 111062 110331 109012 107757 112282
Government Revenues (AUD Million) 49578.00 39000 41000 40000 38000 38000
Fiscal Expenditure (AUD Million) 42621.00 48000 45300 44000 43000 47000
Government Spending To GDP (% of GDP) 27.70 34.8 28 28 28 27.2
Government Debt (AUD Million) 587495.00 621000 629000 635000 635000 615000

Taxes Actual Q2 Q3 Q4 Q1 2022
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 (%) 11.50 12 12 12 12 12
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5
Social Security Rate For Employees (%) 2.00 2.5 2.5 2.5 2.5 2.5

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 20.00 25 19 15 10 10
Manufacturing PMI (points) 61.80 62 61 60 58 53
Services PMI (points) 61.20 60 58 56 54 51
Industrial Production (%) -3.00 4.5 3.5 2 2 1.5
Industrial Production Mom (%) -0.30 0.6 0.5 0.5 0.5 0.41
Manufacturing Production (%) -1.80 6.5 5 2.1 1.5 1.3
Capacity Utilization (%) 85.10 81.8 81.7 81.9 81.5 81.7
Bankruptcies (Companies) 389.00 430 460 500 400 630
Corporate Profits (AUD Million) 110721.00 97300 96900 97500 97500 95700
Total Vehicle Sales (Units) 100809.00 112000 75000 87000 88000 87000
Car Registrations 18064.00 24850 20850 21850 23000 24000
Leading Economic Index (%) 0.20 0.3 0.2 0.2 0.2 0.2
Small Business Sentiment 19.77 9 5 5 8 2
Mining Production (%) -3.80 7 5 4.5 4.5 4.5
Industrial Sentiment (points) 60.40 61 60 58 56 54.5
Services Sentiment (points) 58.00 59 56 53 52 53.5
Private Investment (%) 6.30 -0.5 -0.3 0.9 0.9 1.1
Business Inventories (%) 2.10 0.5 0.4 0.5 0.5 0.5
Composite PMI (points) 58.00 59 56 55 52 53.7

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 107.20 114 109 103 100 98
Retail Sales MoM (%) 1.10 0.8 0.6 0.5 0.5 0.4
Retail Sales YoY (%) 2.20 3.5 2.5 2.1 1.9 2.5
Consumer Spending (AUD Million) 268245.00 255619 269879 280944 272619 284069
Disposable Personal Income (AUD Million) 342480.00 356314 356314 368590 368590 371372
Personal Savings (%) 11.60 13 10 10 10 6
Consumer Credit (AUD Billion) 3040.39 3244 3163 3123 3125 3216
Private Sector Credit (%) 0.20 0.2 0.3 0.6 0.6 0.5
Households Debt To GDP (% of GDP) 123.50 123 123 124 125 126
Bank Lending Rate (%) 6.51 6.51 6.51 6.51 6.51 6.51
Gasoline Prices (USD/Liter) 1.10 1.03 0.97 0.93 0.88 0.84

Housing Actual Q2 Q3 Q4 Q1 2022
Building Permits (%) -8.60 6 2.2 2.5 2.5 3
New Home Sales (Units) 5090.00 6100 5950 5700 5700 5500
Housing Index (%) 3.00 5 3 2 1 2
Home Loans (AUD Million) 23000.00 23000 22350 20500 19000 19000
Home Ownership Rate (%) 65.00 64 64 64 64 64
Construction Output (%) 2.40 0.3 0.4 0.5 0.5 0.7
Construction PMI (points) 58.30 60 58 56 54 50


This page has 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.