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 | Dec Qtr 2023 | $m | 609,750 | 0.2% | 1.5% |
Gross domestic product GDP, Chain volume measures - annual (a) | 2022-23 | $m | 2,406,521 | 3.1% | na |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Balance on Goods - seasonally adjusted | February 2024 | $m | 7,280 | na | na |
Total Goods Credits - seasonally adjusted | February 2024 | $m | 45,520 | -2.2% | -6.4% |
Total Goods Debits - seasonally adjusted | February 2024 | $m | -38,239 | 4.8% | 11.8% |
Balance on Current Account - seasonally adjusted | Dec Qtr 2023 | $m | 11,800 | na | na |
Net International Investment Position (IIP) - original | Dec Qtr 2023 | $m | 836,635 | 3.1% | -11.4% |
Net Foreign Debt - original | Dec Qtr 2023 | $m | 1,206,260 | 3.3% | 1.7% |
Goods and Services credits, Chain volume measures - seasonally adjusted | Dec Qtr 2023 | $m | 163,946 | -0.3% | 4.2% |
Goods and Services debits, Chain volume measures - seasonally adjusted | Dec Qtr 2023 | $m | -126,137 | -3.4% | 3.5% |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Retail turnover at current prices - seasonally adjusted | February 2024 | $m | 35,869.0 | 0.3% | 1.6% |
Actual New Capital Expenditure in volume terms - seasonally adjusted | Dec qtr | $m | $40,061 million | 0.8% | 7.9% |
Inventories held by Private Businesses, in volume terms - seasonally adjusted | Dec qtr 2023 | $m | 205,650 | -1.7% | -0.6% |
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 | Dec qtr 2023 | $m | 101,804 | 0.6% | 1.5% |
Dwelling unit approvals - seasonally adjusted | February 2024 | no. | 12,520 | -1.9% | -5.8% |
Building approvals - seasonally adjusted | February 2024 | $m | 10,883.7 | -16.5% | -19.0% |
Total dwelling units commenced - seasonally adjusted | Dec qtr 2023 | no. | 38,397 | 1.3% | -6.4% |
Building work done - chain volume measures - seasonally adjusted | Dec qtr 2023 | $m | 34,296.9 | -1.1% | 3.6% |
Engineering construction work done - chain volume measures - seasonally adjusted | Dec qtr 2023 | $m | 31,143.5 | 2.7% | 15.0% |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Consumer price index (2011-12 = 100.0) - original | Mar 2024 Qtr | Index no. | 137.4 | 1.0% | 3.6% |
Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | Dec Qtr 2023 | Index no. | 128.2 | 0.9 | 4.1 |
Import price index (2011-12 = 100.0) - original | Dec Qtr 2023 | Index no. | 134.1 | 1.1% | -3.1% |
Export price index (2011-12 = 100.0) - original | Dec Qtr 2023 | Index no. | 173.1 | 5.6% | -4.8% |
Wage Price Index (2008-2009 = 100.0) - original | Dec qtr 2023 | Index no. | 149.3 | 0.9 | 4.3 |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Employed persons - seasonally adjusted | March 2024 | % | 14,259.9 | -6.6 | 336.9 |
Participation rate - seasonally adjusted | March 2024 | % | 66.6 | -0.1 pts | -0.1 pts |
Unemployment rate - seasonally adjusted | March 2024 | % | 3.8 | 0.1 pts | 0.3 pts |
Employment to Population ratio - seasonally adjusted | March 2024 | % | 64.0 | -0.2 pts | -0.3 pts |
Job Vacancies - seasonally adjusted | February 2024 | '000 | 363.8 | -6.1% | -17.7% |
Estimated resident population - (preliminary) | Sep qtr 2023 | '000 | 26,821.6 | 0.65 | 2.5 |
Short-term overseas visitor arrivals - original (b) | February 2024 | no. | 857,950 | 254,170 | 257,240 |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Company gross operating profits (in current price terms) - seasonally adjusted | Dec qtr 2023 | $m | 140,963 | 7.4% | -5.4% |
Average weekly ordinary time earnings, full-time adults | November 2023 | $ | 1888.80 | np | 4.5% |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
New housing loan commitments - seasonally adjusted | February 2024 | $b | 26.40 | 1.5% | 13.3% |
New housing loan commitments to Owner Occupiers - seasonally adjusted | February 2024 | $b | 16.87 | 1.6% | 9.1% |
New housing loan commitments to Investors - seasonally adjusted | February 2024 | $b | 9.53 | 1.2% | 21.5% |
New personal loan commitments for fixed term loans - seasonally adjusted | February 2024 | $b | 2.44 | -0.9% | 11.9% |
New business loan commitments for construction - seasonally adjusted | February 2024 | $b | 3.27 | 31.4% | 21.7% |
New business loan commitments for the purchase of property - seasonally adjusted | February 2024 | $b | 6.04 | -4.7% | 23.3% |
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.