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.

National Accounts

IndicatorPeriodUnitValueChange previous periodChange same period last year
Gross domestic product GDP, Chain volume measures - seasonally adjustedJun Qtr 2022$m533,0920.9%3.6%
Gross domestic product GDP, Chain volume measures - annual (a)2021-22$m2,090,3473.9%na

International Accounts

IndicatorPeriodUnitValueChange previous periodChange same period last year
Balance on Goods and Services - seasonally adjustedJuly 2022$m$8,733m-49.0%na
Total Goods and Services Credits - seasonally adjustedJuly 2022$m$55,282m-9.9%18.2%
Total Goods and Services Debits - seasonally adjustedJuly 2022$m$46,549m5.2%40.8%
Balance on Current Account - seasonally adjustedJune 2022$m18,324560.6%-9.0%
Net International Investment Position (IIP) - originalJune 2022$m834,393-2.2%-1.2%
Net Foreign Debt - originalJune 2022$m1,157,7301.3%-3.1%

Consumption and investment

IndicatorPeriodUnitValueChange previous periodChange same period last year
Retail turnover at current prices - seasonally adjustedJuly 2022$m34,669.31.3%16.5%
Actual New Capital Expenditure in volume terms - seasonally adjustedJun qtr 2022$m$33,907 million-0.3%2.0%
Inventories held by Private Businesses, in volume terms - seasonally adjustedJun qtr 2022$m179,1660.3%4.2%
Total new motor vehicle salesDec 2017no.99,7560.2%2.8%

Production

IndicatorPeriodUnitValueChange previous periodChange same period last year
Income from sales of goods and services by Manufacturers in volume terms - seasonally adjustedJun qtr 2022$m91,1380.3%-0.7%
Dwelling unit approvals - seasonally adjustedJuly 2022no.13,595-17.2%-25.9%
Building approvals - seasonally adjustedJuly 2022Sm10,826.7-12.9%-7.7%
Total dwelling units commenced - seasonally adjustedMar qtr 2022no.49,017-6.5%-6.7%
Building work done - chain volume measures - seasonally adjustedJun Qtr 2022($ Millions)29,587.1-4.6%-4.4%
Engineering construction work done - chain volume measures - seasonally adjustedJun Qtr 2022($ Millions)22,486.5-2.7%-4.1%

Prices

IndicatorPeriodUnitValueChange previous periodChange same period last year
Consumer price index (2011-12 = 100.0) - originalJun 2022 QtrIndex no.126.11.8%6.1%
Producer Price Indexes, Final Demand (2011-12 = 100.0) - originalJun Qtr 2022Index no.120.01.45.6
Import price index (2011-12 = 100.0) - originalJun qtr 2022Index no.132.04.3%22.1%
Export price index (2011-12 = 100.0) - originalJun qtr 2022Index no.190.410.1%38.7%
Wage Price Index (2008-2009 = 100.0) - originalJun qtr 2022Index no.140.10.6%2.6%

Labour force and demography

IndicatorPeriodUnitValueChange previous periodChange same period last year
Employed persons - seasonally adjustedAugust 2022'00013,592.133.5570.3
Participation rate - seasonally adjustedAugust 2022%66.60.2 pts1.4 pts
Unemployment rate - seasonally adjustedAugust 2022%3.50.1 pts-1.1 pts
Employment to Population ratio - seasonally adjustedAugust 2022%64.30.1 pts2.0 pts
Job Vacancies - seasonally adjustedMay 2022'000480.113.8%29.7%
Estimated resident population - (preliminary)Mar qtr 2022'00025,890.80.480.9
Short-term overseas visitor arrivals - original (b)July 2022no.325,68050,380306,960

Incomes

IndicatorPeriodUnitValueChange previous periodChange same period last year
Company gross operating profits (in current price terms) - seasonally adjustedJun qtr 2022$m150,5887.6%28.5%
Average weekly ordinary time earnings, full-time adultsMay 2022$1769.80np1.9%

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.

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