Key economic indicators
Overview of key economic statistics.
All data is seasonally adjusted data unless stated otherwise.
Trend series suspended as at March 2019 due to the impacts of COVID-19.
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Gross domestic product GDP, Chain volume measures - seasonally adjusted | Jun Qtr 2024 | $m | 612,180 | 0.2% | 1.0% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2023-24 | $ | 2,440,947 | 1.5% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods - seasonally adjusted | July 2024 | $m | 6,009 | na | na |
| Total Goods Credits - seasonally adjusted | July 2024 | $m | 43,803 | 0.7% | -1.4% |
| Total Goods Debits - seasonally adjusted | July 2024 | $m | -37,794 | -0.8% | 3.0 |
| Balance on Current Account - seasonally adjusted | Jun Qtr 2024 | $m | -10,725 | na | na |
| Net International Investment Position (IIP) - original | Jun Qtr 2024 | $m | 719,994 | -2.9% | -15.4% |
| Net Foreign Debt - original | Jun Qtr 2024 | $m | 1,266,528 | 1.1% | 6.5% |
| Goods and Services credits, Chain volume measures - seasonally adjusted | Jun Qtr 2024 | $m | 164,522 | 0.5 | 0.1 |
| Goods and Services debits, Chain volume measures - seasonally adjusted | Jun Qtr 2024 | $m | -139,064 | -0.2 | 5.2 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | July 2024 | $m | 36,160.1 | 0.0% | 2.3% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Jun qtr 2024 | $m | $39,834 | -2.2% | 0.3% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Jun qtr 2024 | $m | 209,678 | 0.1% | 1.5% |
| Total new motor vehicle sales | Dec 2017 | no. | 99,756 | 0.2% | 2.8% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Income from sales of goods and services by Manufacturers in volume terms - seasonally adjusted | Jun qtr 2024 | $m | 101,338 | 0.3% | 0.7% |
| Dwelling unit approvals - seasonally adjusted | July 2024 | no. | 14,797 | 10.4% | 14.3% |
| Building approvals - seasonally adjusted | July 2024 | $m | 13,180 | 6.8% | -4.9% |
| Total dwelling units commenced - seasonally adjusted | Mar qtr 2024 | no. | 39,715 | 0.5% | -13.5% |
| Building work done - chain volume measures - seasonally adjusted | Jun qtr 2024 | $m | 33,815.0 | -0.3% | -1.8% |
| Engineering construction work done - chain volume measures - seasonally adjusted | Jun qtr 2024 | $m | 31,117.1 | 0.5% | 4.8% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Jun 2024 Qtr | Index no. | 138.8 | 1.0% | 3.8% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | Jun Qtr 2024 | Index. no. | 130.7 | 1.0 | 4.8 |
| Import price index (2011-12 = 100.0) - original | Jun Qtr 2024 | Index no. | 133.0 | 1.0% | 1.1% |
| Export price index (2011-12 = 100.0) - original | Jun Qtr 2024 | Index no. | 159.5 | -5.9% | -5.7% |
| Wage Price Index (2008-2009 = 100.0) - original | Jun Qtr 2024 | Index no. | 151.1 | 0.6% | 4.1% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | August 2024 | '000 | 14,458.6 | 47.5 | 374.2 |
| Participation rate - seasonally adjusted | August 2024 | % | 67.1 | 0.0 pts | 0.4 pts |
| Unemployment rate - seasonally adjusted | August 2024 | % | 4.2 | -0.1 pts | 0.5 pts |
| Employment to Population ratio - seasonally adjusted | August 2024 | % | 64.3 | 0.1 pts | 0.1 pts |
| Job Vacancies - seasonally adjusted | May 2024 | '000 | 352.6 | -2.7% | -17.7% |
| Estimated resident population - (preliminary) | Mar qtr 2024 | '000 | 27,122.4 | 0.61 | 2.3 |
| Short-term overseas visitor arrivals - original (b) | July 2024 | no. | 658,970 | 71,210 | 33,850 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits (in current price terms) - seasonally adjusted | Jun qtr 2024 | $m | 129,633 | -5.3% | -3.9% |
| Average weekly ordinary time earnings, full-time adults | May 2024 | $ | 1,923.40 | np | 4.6% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New housing loan commitments - seasonally adjusted | July 2024 | $b | 30.58 | 3.9% | 26.5% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | July 2024 | $b | 18.88 | 2.9% | 21.4% |
| New housing loan commitments to Investors - seasonally adjusted | July 2024 | $b | 11.71 | 5.4% | 35.4% |
| New personal loan commitments for fixed term loans - seasonally adjusted | July 2024 | $b | 2.68 | 2.2% | 20.2% |
| New business loan commitments for construction - seasonally adjusted | July 2024 | $b | 2.92 | 3.8% | 76.6% |
| New business loan commitments for the purchase of property - seasonally adjusted | July 2024 | $b | 6.55 | 5.3% | 36.2% |
NA - not available
NP - not published
. . not applicable or not available
(a) Annualised estimate from the latest available quarterly publication.
(b) Trend series estimates suspended as at February 2020 due to the impacts of COVID-19. Original series now provided.