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 | Mar Qtr 2024 | $m | 610,298 | 0.1% | 1.1% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2022-23 | $m | 2,405,056 | 3.1% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods - seasonally adjusted | April 2024 | $m | $6,548 | na | na |
| Total Goods Credits - seasonally adjusted | April 2024 | $m | $43,320 | -2.5% | -5.9% |
| Total Goods Debits - seasonally adjusted | April | $m | -$36,772 | -7.2% | 2.0% |
| Balance on Current Account - seasonally adjusted | Mar Qtr 2024 | $m | -4,896 | na | na |
| Net International Investment Position (IIP) - original | Mar Qtr 2024 | $m | 730,268 | -12.5% | -21.2% |
| Net Foreign Debt - original | Mar Qtr 2024 | $m | 1,235,729 | 2.3% | 2.8% |
| Goods and Services credits, Chain volume measures - seasonally adjusted | Mar Qtr 2024 | $m | 163,464 | 0.7% | 3.2% |
| Goods and Services debits, Chain volume measures - seasonally adjusted | Mar Qtr 2024 | $m | -138,454 | 5.1% | 7.4% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | April 2024 | $m | 35,713.9 | 0.1% | 1.3% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Mar qtr 2024 | $m | $40,487million | 1.0% | 5.5% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Mar qtr 2024 | $m | 208,399 | 1.3% | -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 | Mar qtr 2024 | $m | 100.789 | -1.0% | -2.5% |
| Dwelling unit approvals - seasonally adjusted | April 2024 | no. | 13,078 | -0.3% | 3.5% |
| Building approvals - seasonally adjusted | April 2024 | $m | 12,401.3 | -3.8% | -7.0% |
| Total dwelling units commenced - seasonally adjusted | Dec qtr 2023 | no. | 38,397 | 1.3% | -6.4% |
| Building work done - chain volume measures - seasonally adjusted | Mar qtr 2024 | $m | 33,315.1 | -3.7% | -2.0% |
| Engineering construction work done - chain volume measures - seasonally adjusted | Mar qtr 2024 | $m | 30,717.4 | -2.1% | 6.2% |
| 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 | Mar Qtr 2024 | Index no. | 129.4 | 0.9 | 4.3 |
| Import price index (2011-12 = 100.0) - original | Mar Qtr 2024 | Index no. | 131.7 | -1.8% | -0.7% |
| Export price index (2011-12 = 100.0) - original | Mar Qtr 2024 | Index no. | 169.5 | -2.1% | -8.3% |
| Wage Price Index (2008-2009 = 100.0) - original | Mar Qtr 2024 | Index no. | 150.2 | 0.6% | 4.1% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | May 2024 | '000 | 14,355.6 | 39.7 | 354.9 |
| Participation rate - seasonally adjusted | May 2024 | % | 66.8 | 0.0 pts | 0.1 pts |
| Unemployment rate - seasonally adjusted | May 2024 | % | 4.0 | -0.1 pts | 0.4 pts |
| Employment to Population ratio - seasonally adjusted | May 2024 | % | 64.1 | 0.0 pts | -0.2 pts |
| Job Vacancies - seasonally adjusted | February 2024 | '000 | 363.8 | -6.1% | -17.7% |
| Estimated resident population - (preliminary) | Dec qtr 2023 | '000 | 26,966.8 | 0.48 | 2.5 |
| Short-term overseas visitor arrivals - original (b) | April 2024 | no. | 593,090 | -167,960 | 48,170 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits (in current price terms) - seasonally adjusted | Mar qtr 2024 | $m | 137,393 | -2.5% | -8.6% |
| 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 | April 2024 | $b | 29.35 | 4.8% | 24.6% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | April 2024 | $b | 18.49 | 4.3% | 18.7% |
| New housing loan commitments to Investors - seasonally adjusted | April 2024 | $b | 10.86 | 5.6% | 36.1% |
| New personal loan commitments for fixed term loans - seasonally adjusted | April 2024 | $b | 2.58 | 0.8% | 18.1% |
| New business loan commitments for construction - seasonally adjusted | April 2024 | $b | 1.90 | -1.4% | -46.1% |
| New business loan commitments for the purchase of property - seasonally adjusted | April 2024 | $b | 6.00 | 2.6% | 8.4% |
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.