1344.0 - International Monetary Fund - Special Data Dissemination Standard, 2016  
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REAL SECTOR
FISCAL SECTOR
FINANCIAL SECTOR
EXTERNAL SECTOR
POPULATION


REAL SECTOR



SDDS Data Category
and Component
Unit
Description
Reference Period for
latest data
Latest
data
Data for previous
reference period
% change
from
previous
reference
period
Further
information

National Accounts
Expenditure on Gross Domestic Product (GDP)
Current Prices,
Seasonally adjusted
Gross domestic product$m
Q2/16
418 449
413 058
1.3
Final Consumption Expenditure $m
Q2/16
321 364
317 448
1.2
- General Government$m
Q2/16
79 478
77 434
2.6
- Households$m
Q2/16
241 886
240 014
0.8
Gross Fixed Capital Formation$m
Q2/16
104 007
103 955
0.1
- Private$m
Q2/16
83 052
85 829
-3.2
- Public$m
Q2/16
20 955
18 126
15.6
Exports of Goods and Services$m
Q2/16
77 353
75 802
2
Imports of Goods and Services$m
Q2/16
85 349
84 450
1.1
Changes in Inventories $m
Q2/16
596
-450
na
Statistical Discrepancy$m
Q2/16
478
753
na


Expenditure on Gross Domestic Product (GDP)

Chain Volume Measures,
Seasonally adjusted
Gross domestic product$m
Final Consumption Expenditure$m
Q2/16
421 725
419 520
0.5
- General Government$m
Q2/16
310 098
307 767
0.8
- Households$m
Q2/16
75 957
74 526
1.9
Gross Fixed Capital Formation$m
Q2/16
234 141
233 240
0.4
- Private$m
Q2/16
99 642
99 669
0
- Public$m
Q2/16
79 190
81 963
-3.4
Exports of Goods and Services$m
Q2/16
20 452
17 706
15.5
Imports of Goods and Services$m
Q2/16
96 406
95 167
1.3
Changes in Inventories$m
Q2/16
85 609
83 371
2.7
Statistical Discrepancy$m
Q2/16
706
-477
na

Production Index
Q2/16
482
765
na
Industrial Production Index,
Total Industries
(1)
(2013-2014 = 100.0), Seasonally adjusted
Q2/16
106.2
107.8
-1.5
Labour Market
Employed Persons '000, Trend
Aug 2016
11 965.1
11 955.3
0.1%
Unemployed Persons

'000, Trend
Aug 2016
721.0
721.4
-0.1%
Average weekly ordinary time
earnings, full-time adults
(2)
$, Trend
Q2/16
1516.00
1500.00
np
Wage Price Index,
total hourly rates of pay,
excluding bonuses
(2008-09 = 100.0), Original
Q2/16
123.7
123.2
0.4%

Price Indexes
(1)
Consumer price index(2011–12 = 100.0)
Q2/16
108.6
108.2
0.4
Producer Price Indexes: Final demand(2011–12 = 100.0)
Q2/16
106.0
105.9
+0.1%
Note change of index name: From September quarter 2012 the Labour Price Index will be re-titled the Wage Price Index.
For more information please refer to Wage Price Index, Changes in This Issue for the September quarter 2012

FISCAL SECTOR

SDDS Data Category
and Component
Unit
Description
Reference
Period for
latest data
Latest
data
Data for
previous
reference
period
% change
from
previous
reference
period
Further
information

General Government Operations (3)
Revenue (4)
$m
Q2/16
155 198
142 077
9.2
Expenses (5)
$m
Q2/16
154 924
146 162
6.0
Net operating balance
$m
Q2/16
273
-4 085
na
Net acquisition of non-financial assets (6)
$m
Q2/16
11 329
3 166
na
Net lending/borrowing (GFS basis)
$m
Q2/16
-11 055
-7 252
na
Financial assets
$m
Q1/16
16 792
-6 581
n.a
Domestic
$m
Q1/16
17 804
-7 250
n.a
Central bank and other
depository corporations
$m
Q1/16
15 587
-3 937
n.a
Financial corps nec
$m
Q1/16
-971
2 796
n.a
Non-financial corps
$m
Q1/16
-247
-9 760
n.a
Households and NPISH
$m
Q1/16
3 435
3 651
n.a
Foreign
$m
Q1/16
-1 012
669
n.a
Liabilities
$m
Q1/16
31 318
900
n.a
Domestic
$m
Q1/16
31 031
-3 049
n.a
Central bank and other
depository corporations
$m
Q1/16
18 442
459
n.a
Financial corps nec
$m
Q1/16
3 773
-4 131
n.a
Non-financial corps
$m
Q1/16
3 390
2 723
n.a
Households and NPISH
$m
Q1/16
5 426
-2 100
n.a
Foreign
$m
Q1/16
287
3 949
n.a
Net errors and omissions (7)
$m
Q1/16
6 891
488
n.a

Central government operations (Commonwealth Government Operations) (8) (9)
Revenue
$m
May/16
40 456
37 988
Expense
$m
May/16
35 909
34 255
Net Operating Balance
$m
May/16
4 547
3 733
Net Acquisition of non-financial assets
$m
May/16
1 342
727
Net Lending /(Borrowing)
$m
May/16
3 204
3 007
Other Economic Flows
$m
May/16
-1 045
1 847
Change in Net Worth
$m
May/16
3 502
5 580
Financing of the Change in Net Worth
$m
May/16
Cash and Deposits
$m
May/16
-330
471
Advances paid
$m
May/16
394
425
Investments, loans and placements
$m
May/16
20 663
5 596
Other receivables
$m
May/16
-356
1 761
Investments in other public sector entities
$m
May/16
2 822
809
Equity accounted investments
$m
May/16
-2
0
Investments - shares
$m
May/16
1 520
219
Net Change in financial assets
$m
May/16
24 711
9 280
Net Change in Non-financial Assets
$m
May/16
1 831
572
Deposits held
$m
May/16
0
0
Government securities
$m
May/16
20 891
2 056
Loans
$m
May/16
224
-31
Other borrowing
$m
May/16
60
-2
Superannuation liability
$m
May/16
672
604
Other employee liabilities
$m
May/16
402
146
Suppliers payable
$m
May/16
-382
438
Personal benefits payable
$m
May/16
373
479
Subsidies payable
$m
May/16
232
132
Grants payable
$m
May/16
-372
174
Other provisions and payables
$m
May/16
940
276
Net Incurrence of Liabilities
$m
May/16
23 041
4 272
Change in Net Worth
$m
May/16
3 502
5 580
Total Liabilities, of which
$m
Q1/16
834 826
800 104
n.a
- Rest of World
$m
Q1/16
291 769
288 078
n.a

Central government debt (Commonwealth Government Debt)
Commonwealth Government Debt
(Total outstanding gross debt)
$m
Jul/16
495 756
483 361
3%
By instrument (market value)
Bonds
$m
Jul/16
490 249
478 353
2%
Treasury notes
$m
Jul/16
5 486
4 986
10%
Other
$m
Jul/16
22
22
0%
By currency (market value)
Domestic currency
$m
Jul/16
495 748
483 353
3%
Foreign currencies
$m
Jul/16
8
8
-1%
By maturity (face value) (10)
Short-term (less than 1 year)
$m
Q2/16
5 000
21 400
-77%
Medium & long-term (greater than 1 year)
$m
Q2/16
421 232
401 812
5%
Debt Guaranteed by Government
$m
Q2/16
426 232
423 212
1%


FINANCIAL SECTOR


SDDS Data Category
and Component
Unit
Description
Reference
Period for
latest data
Latest
data
Data for
previous
reference
period
% change
from
previous
reference
period
Further
information


Analytical accounts of the banking sector
Monetary aggregates
- Currency$b, Seasonally adjusted
Jul/16
68.2
68.2
-0.1
- Broad money$b, Seasonally adjusted
Jul/16
1 915.1
1 901.1
0.8
Domestic credit to the public sector $b
Jul/16
249.6
245.3
1.7
Domestic credit to the private sector$b, Seasonally adjusted
Jul/16
2 576.2
2 566.7
0.4
External position (net)$b
Jul/16
406.2
406.7
-0.1
Analytical accounts of the central bank (11a)
Reserve money (11b)$m
Sep/14/16
95 447
95 584
-0.1
Domestic claims on the public sector (11c)$m
Sep/14/16
88 488
90 200
-1.9
External position
- Gross foreign assets$m
Sep/14/16
64 641
64 289
0.5
- Gross foreign liabilities (11d)$m
Sep/14/16
7 848
8 750
-10.3

Interest rates
- Interbank Overnight Cash Rate%
Daily
- 13 week Treasury Note%
Daily
- 10 year Treasury Bond%
Daily
Financial soundness indicators (12)
Quarterly

Stock market
- S&P/ASX 200(Dec 1979 = 500)
Daily



EXTERNAL SECTOR


SDDS Data Category
and Component
Unit
Description
Reference
Period for
latest data
Latest
data
Data for
previous
reference
period
% change
from
previous
reference
period
Further
information


Balance of Payments
(13)
Goods and services credits$m, Trend
Q2/16
76 133
76 866
-1.0
Goods and services debits$m, Trend
Q2/16
-84 861
-86 117
1.5
Net primary income $m, Trend
Q2/16
-6 452
-7 774
17.0
Net secondary income$m, Trend
Q2/16
-398
-420
5.2
Balance on current account$m, Trend
Q2/16
-15 578
-17 446
10.7
Balance on capital account$m
Q2/16
-155
-132
-17.4
Balance on financial account$m
Q2/16
14 217
15 727
-9.6

International Reserves
and
Foreign Currency Liquidity


Official Reserve Assets (14)$m (US)
Aug/16
47 316
49 666
-4.7
Reserves Template

Jul/16
Merchandise trade
Exports (f.o.b.)$m
Jul/16
20 974
20 224
3.7
Imports (Customs Value)$m
Jul/16
20 866
22 063
-5.4

International Investment Position
(15) (13)
Foreign assets$m
Q2/16
-2 177 279
-2 109 047
-3.2
Direct investment assets$m
Q2/16
-584 345
-573 315
-1.9
Portfolio investment assets$m
Q2/16
-819 986
-795 694
-3.1
- Equity$m
Q2/16
-508 902
-493 410
-3.1
- Debt$m
Q2/16
-311 084
-302 283
-2.9
Financial derivatives assets$m
Q2/16
-236 881
-220 389
-7.5
Other investment assets$m
Q2/16
-466 439
-455 309
-2.4
Reserve assets$m
Q2/16
-69 628
-64 339
-8.2
Foreign liabilities$m
Q2/16
3 213 138
3 116 819
3.1
Direct investment liabilities$m
Q2/16
824 021
810 713
1.6
Portfolio investment liabilities$m
Q2/16
1 633 750
1 595 024
2.4
- Equity$m
Q2/16
473 846
451 883
4.9
- Debt$m
Q2/16
1 159 904
1 143 141
1.5
Financial derivatives liabilities$m
Q2/16
248 080
232 950
6.5
Other investment liabilities$m
Q2/16
507 287
478 132
6.1
External Debt (16)$m
Q2/16
1 941 405
1 891 199
2.7

Exchange Rates
- Spot (17)
Daily
- Forward (18)
Daily
- Trade-weighted index
Daily


POPULATION


SDDS Data Category
and Component
Unit
Description
Reference
Period for
latest data
Latest
data
Data for
previous
reference
period
% change
from
previous
reference
period
Further
information

Population
Estimated resident population -
(Preliminary)
('000)
Mar Qtr 2016
24,051.4
23,943.9
0.4%


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Footnotes

1. Australia has taken a flexibility option on periodicity on these categories. Data are disseminated quarterly.

2. The reference period is a specific week in the middle month of the quarter.

3. Data for General Government Operations (GGO) are from two different sources with different release dates. Revenue, expenses, net operating balance, net acquisition of non-financial assets and net lending/borrowing are drawn from data compiled on a Government Finance Statistics (GFS) basis covering all levels of government in Australia while the data on financing are drawn from data compiled on a System of National Accounts 1993 (SNA93) basis. The quarterly GFS data are released approximately 2 months after the reference period while the quarterly financing data are released approximately 3 months after the reference period. When the reference period differs between the GFS and the national accounts data, the net errors and omissions in the GGO cannot be derived and will be shown as 'na', meaning it is not applicable.

4. The recognition of taxation revenue in GFS is based on the taxation liability method (TLM) where taxes are recognised the earlier of when an assessment of a tax liability is made, or a cash payment is received. This method is adopted in GFS as it currently provides more certainty in the recording of revenue and less possibility of material mis-statement. This recognition differs from the economic transactions method (ETM) used for the Australian national accounts that records taxation revenue when the associated economic activity has occurred.

5. Includes GFS depreciation for central government which is an accounting measure which does not align well with the Australian national accounts measure of consumption of fixed capital.

6. The Australian national accounts estimate may differ from the GFS estimate due to two issues. Firstly, the Australian national accounts estimate includes a measure of consumption of fixed capital that is an economic measure based on the expected economic life of an asset and current replacement costs, whereas the GFS estimate includes a measure of depreciation that is an accounting measure based on taxation guidelines for allowable depreciation and the original cost of the asset. Secondly, the Australian national accounts estimates include capitalised expenditure for intangible fixed assets which is recorded in the GFS as consumption expenditure.

7. Net lending derived from revenues and expenditures will differ from net lending derived from financing data because of different concepts, sources and methods employed. The net errors and omissions represent the difference between the net lending derived from GFS data and net lending derived from the national accounts data.

8. Financing of the change in net worth includes transactions and other economic flows

9. Net Lending/Borrowing plus Other Economic Flows does not equal the Change in Net Worth because transactions in Non Financial Assets are funded from transactions in Financial Assets and Liabilities

10. With the exception of Treasury Indexed Bonds which are valued at face value plus the capital accretion component.

11a. The RBA does not lend to the non-bank private sector and is not permitted to lend to banks, except in exceptional circumstances as lender of last-resort..

11b. Reserve money is obtained by summing “Australian notes on issue” and “Exchange Settlement Balances”, from the Reserve Bank’s Statement of Liabilities and Assets

11c.The weekly series uses the RBA's total Australian dollar investments as a proxy, which overstates the true amount as it also includes claims on Australian Depository Institutions. More accurate data are disseminated in the Central Bank Survey with a lag of one month.

11d. From 6 April 2016 the series includes both domestic and foreign currency liabilities, but excludes any domestic currency liabilities arising from swap line activation. Liabilities arising from swap line activation are included in the Central Bank Survey, which is disseminated with a lag of one month.

12. Quarterly data are provided to the IMF by the RBA.

13. As of September quarter 2009, this data is provided on a BPM6 basis.

14 Official reserve assets data have been adjusted for securities sold under repurchase agreements. Weekly data on the RBA's gross holdings of gold and foreign exchange assets are also published. However, these data are not adjusted for securities sold under repurchase agreements, and do not include the reserve position in the IMF.

15. More detailed International Investment Position data, including gross assets and liabilities, are published in ABS cat. no. 5302.0.

16. Gross external debt as defined in External Debt Statistics: Guide for Compilers and Users. More detail on these data are provided via the External Debt link.

17. Spot rates of the AUD against 13 currencies, the SDR and on a trade-weighted basis are updated daily and can be found in the link provided in the 'Further Information' section.

18. Historical data on 1,3 and 6 month forward margins against the USD are available from the Reserve Bank on request. Enquiries can be directed to International Department on (02) 9551 8457. The margins are the representative buying and selling quotations as determined by the RBA. The margins take the form of basis points which may be added to the spot exchange rate to derive the indicative forward rate.