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 2020 | $m | 445,799 | ▼-7.0% | ▼-6.3% |
| Gross domestic product GDP, Chain volume measures - annual | 2019-20 | $m | 1,882,312 | ▼-0.2% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods and Services - seasonally adjusted | Jul Qtr 2020 | $m | 4,607 | ▼-43.5% | ▼-41.5% |
| Total Goods and Services Credits - seasonally adjusted | Jul Qtr 2020 | $m | 34,496 | ▼-4.4% | ▼-20.3% |
| Total Goods and Services Debits - seasonally adjusted | Jul Qtr 2020 | $m | -29,890 | ▲6.9% | ▼-15.6% |
| Balance on Current Account - seasonally adjusted | Jun Qtr 2020 | $m | 17,738 | ▲96.6% | ▲280.4% |
| Net International Investment Position (IIP) - original | Jun Qtr 2020 | $m | 910,590 | ▲7.0% | ▼-10.4% |
| Net Foreign Debt - original | Jun Qtr 2020 | $m | 1,093,451 | ▼-6.4% | ▼-5.4% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | July 2020 | $m | 30,705.3 | ▲3.2% | ▲12.0% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Jun Qtr 2020 | $m | 26,130 | ▼-5.9% | ▼-11.5% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Jun Qtr 2020 | $m | 157,921 | ▼-3.0% | ▼-4.7% |
| 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 2020 | $m | 79,037 | ▼-8.6% | ▼-5.5% |
| Dwelling unit approvals - seasonally adjusted | August 2020 | no. | 13691 | ▼-1.6 | ▲0.6 |
| Building approvals - seasonally adjusted | August 2020 | $m | 10354.4 | ▲18.1 | ▼-12.4 |
| Total dwelling units commenced - seasonally adjusted | Mar 2020 | no. | 44,434 | ▲3.8% | ▼1.6% |
| Building work done - chain volume measures - seasonally adjusted | Jun 2020 | $m | 28,416.7 | ▼-3.9% | ▼-5.3% |
| Engineering construction work done - chain volume measures - seasonally adjusted | Jun 2020 | $m | 21,712.1 | ▲3.8% | ▲2.2% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Jun 2020 Qtr | Index no. | 114.4 | ▼-1.9% | ▼-0.3% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | June 2020 Qtr | Index no. | 111.2 | ▼-1.2% | ▼-0.4% |
| Import price index (2011-12 = 100.0) - original | Jun Qtr 2020 | Index no. | 110.9 | ▼-1.9% | ▼-1.9% |
| Export price index (2011-12 = 100.0) - original | Jun Qtr 2020 | Index no. | 109.0 | ▼-2.4% | ▼-3.8% |
| Wage Price Index (2008-2009 = 100.0) - original | Jun Qtr 2020 | Index no. | 134.1 | 0.0% | ▲1.7% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | August 2020 | '000 | 12,583.4 | ▲111.0 | ▼-338.3 |
| Participation rate - seasonally adjusted | August 2020 | % | 64.8 | ▲0.1 pts | ▼-1.4 pts |
| Unemployment rate - seasonally adjusted | August 2020 | % | 6.8 | ▼-0.7 pts | ▲1.6 pts |
| Employment to Population ratio - seasonally adjusted | August 2020 | % | 60.3 | ▲0.5 pts | ▼-2.3 pts |
| Job Vacancies - seasonally adjusted | August 2020 | '000 | 206.0 | ▲59.4% | ▼-8.1% |
| Estimated resident population - (preliminary) | Mar Qtr 2020 | '000 | 25650.0 | ▲0.4 | ▲1.4 |
| Short-term overseas visitor arrivals (a)(b) | July 2020 | '000 | na | na | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits (in current price terms) - seasonally adjusted | Jun Qtr 2020 | $m | 109,606 | ▲15.0% | ▲11.3% |
| Average weekly ordinary time earnings, full-time adults | May 2020 | $ | 1713.90 | np | ▲4.8% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New housing loan commitments - seasonally adjusted | July 2020 | $m | 18.92 | ▲8.9% | ▲11.8% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | July 2020 | $b | 14.33 | ▲10.7% | ▲18.5% |
| New housing loan commitments to Investors - seasonally adjusted | July 2020 | $m | 4.58 | ▲3.5% | ▼-5.1% |
| New personal loan commitments for fixed term loans - seasonally adjusted | July 2020 | $m | 1.57 | ▲6.9% | ▼-3.9% |
| New business loan commitments for construction - seasonally adjusted | July 2020 | $m | 2.32 | ▼-25.1% | ▼-16.6% |
| New business loan commitments for the purchase of property - seasonally adjusted | July 2020 | $m | 3.10 | ▼-14.2% | ▼-25.4% |
NA - not available
NP - not published
. . not applicable or not available
(a) Data revised from July 2004 to December 2013. For information see Overseas arrivals and departures methodology
For unemployment and participation rates, the changes are given as percentage points.
(b) Seasonally adjusted series suspended as at April 2020 due to the impacts of COVID-19.