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 2021 | $m | 501,065 | 1.8% | 1.1% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2019-20 | $m | 1,948,383 | -0.2% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods and Services - seasonally adjusted | May 2021 | $m | 9 681 | na | na |
| Total Goods and Services Credits - seasonally adjusted | May 2021 | $m | 42 233 | 6.1% | 6.7% |
| Total Goods and Services Debits - seasonally adjusted | May 2021 | $m | -32 552 | 2.9% | -5.6% |
| Balance on Current Account - seasonally adjusted | March 2021 | $m | 18,283 | na | na |
| Net International Investment Position (IIP) - original | March 2021 | $m | 874,641 | -7.93% | na |
| Net Foreign Debt - original | March 2021 | $m | 1,138,858 | -2.00% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | May 2021 | $m | 31158.3 | 0.4 | 7.7 |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Mar Qtr 2021 | $m | 31 494 | 6.3 | 0.8 |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Mar qtr 2021 | $m | 167,877 | 2.1% | -0.9% |
| 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 2021 | $m | 89,444 | 1.7% | -0.7% |
| Dwelling unit approvals - seasonally adjusted | May 2021 | no. | 20163 | -7.1% | 52.7% |
| Building approvals - seasonally adjusted | May 2021 | $m | 12945.4 | 4.5% | 47.7% |
| Total dwelling units commenced - seasonally adjusted | Mar 2021 | no. | 51,662 | 0.2 | 13.1 |
| Building work done - chain volume measures - seasonally adjusted | Mar 2021 | ($ Millions) | 51,975.9 | +2.4% | -1.1% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Mar 2021 Qtr | Index no. | 117.9 | 0.6% | 1.1% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | March 2021 Qtr | Index no. | 112.8 | 0.4 | 0.2 |
| Import price index (2011-12 = 100.0) - original | Mar Qtr 2021 | Index no. | 106.1 | 0.2% | -6.2% |
| Export price index (2011-12 = 100.0) - original | Mar Qtr 2021 | Index no. | 121.3 | 11.2% | 8.6% |
| Wage Price Index (2008-2009 = 100.0) - original | Mar Qtr 2021 | Index no. | 136.1 | 0.5% | 1.5% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | June 2021 | '000 | 13,154.2 | 29.1 | 777.9 |
| Participation rate - seasonally adjusted | June 2021 | % | 66.2 | 0.0 pts | 2.1 pts |
| Unemployment rate - seasonally adjusted | June 2021 | % | 4.9 | -0.2 pts | -2.4 pts |
| Employment to Population ratio - seasonally adjusted | June 2021 | % | 63.0 | 0.1 pts | 3.6 pts |
| Estimated resident population - (preliminary) | Dec qtr 2020 | '000 | 25,694.4 | 0.03 | 0.5 |
| Short-term overseas visitor arrivals (b) | May 2021 | '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 | Mar qtr 2021 | $m | 110,721 | -0.3% | 11.9% |
| Average weekly ordinary time earnings, full-time adults | November 2020 | $ | 1711.60 | np | 3.2% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New housing loan commitments - seasonally adjusted | May 2021 | $b | 32.56 | 4.9% | 95.4% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | May 2021 | $b | 23.44 | 1.9% | 88.4% |
| New housing loan commitments to Investors - seasonally adjusted | May 2021 | $b | 9.13 | 13.3% | 116.0% |
| New personal loan commitments for fixed term loans - seasonally adjusted | May 2021 | $b | 1.99 | 5.6% | 42.2% |
| New business loan commitments for construction - seasonally adjusted | May 2021 | $b | 2.36 | -0.5% | 16.5% |
| New business loan commitments for the purchase of property - seasonally adjusted | May 2021 | $b | 4.80 | -27.0% | 13.1% |
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.