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 adjustedDec Qtr 2021$m521,9313.4%4.2%
Gross domestic product GDP, Chain volume measures - annual (a)2020-21$m2,009,9391.5%na

International Accounts

IndicatorPeriodUnitValueChange previous periodChange same period last year
Balance on Goods and Services - seasonally adjustedMarch 2022$m9,31425.2%-19.4%
Total Goods and Services Credits - seasonally adjustedMarch 2022$m49,453-0.1%-1.4%
Total Goods and Services Debits - seasonally adjustedMarch 2022$m-40,139-4.6%3.6%
Balance on Current Account - seasonally adjustedDecember 2021$m12,677-42.3%n.a.
Net International Investment Position (IIP) - originalDecember 2021$m809,396-7.9%0.2%
Net Foreign Debt - originalDecember 2021$m1,204,855-0.2%0.0%

Consumption and investment

IndicatorPeriodUnitValueChange previous periodChange same period last year
Retail turnover at current prices - seasonally adjustedMarch 2022$m33,626.11.6%9.4%
Actual New Capital Expenditure in volume terms - seasonally adjustedDec Qtr 2021$m$33,339 million1.1%9.8%
Inventories held by Private Businesses, in volume terms - seasonally adjustedDec Qtr 2021$m171,0481.12.2
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 adjustedDec Qtr 2021$m91,4890.81.6
Dwelling unit approvals - seasonally adjustedMarch 2022no.15,183-18.5-35.6
Building approvals - seasonally adjustedMarch 2022$m1,2852.2-10.8-19.0
Total dwelling units commenced - seasonally adjustedDec 2021no.50,200-13.5%-2.0%
Building work done - chain volume measures - seasonally adjustedDec 2021($Millions)30,398.2-1.32.0
Engineering construction work done - chain volume measures - seasonally adjustedDec 2021($ Millions)23,065.30.74.2

Prices

IndicatorPeriodUnitValueChange previous periodChange same period last year
Consumer price index (2011-12 = 100.0) - originalMarch 2022 QtrIndex no.123.92.1%5.1%
Producer Price Indexes, Final Demand (2011-12 = 100.0) - originalMarch 2022 QtrIndex no.118.31.64.9
Import price index (2011-12 = 100.0) - originalMar qtr 2022Index no.126.65.1%19.3%
Export price index (2011-12 = 100.0) - originalMar qtr 2022Index no.178.018.0%46.7%
Wage Price Index (2008-2009 = 100.0) - originalMar qtr 2022Index no.139.30.6%2.4%

Labour force and demography

IndicatorPeriodUnitValueChange previous periodChange same period last year
Employed persons - seasonally adjustedApril 2022'00013,401.74.0381.5
Participation rate - seasonally adjustedApril 2022%66.3-0.1 pts0.4 pts
Unemployment rate - seasonally adjustedApril 2022%3.9-0.1 pts-1.6 pts
Employment to Population ratio - seasonally adjustedApril 2022%63.8-0.0 pts1.4 pts
Job Vacancies - seasonally adjustedFebruary 2022'000423.56.9%46.6%
Estimated resident population - (preliminary)Sep qtr 2021'00025,750.20.050.3
Short-term overseas visitor arrivals - original (b)March 2022no.161,72080,980153,410

Incomes

IndicatorPeriodUnitValueChange previous periodChange same period last year
Company gross operating profits (in current price terms) - seasonally adjustedDec Qtr 2021$m125,4962.013.0
Average weekly ordinary time earnings, full-time adultsNovember 2021$1748.40np2.1%

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. Original series now provided.