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 adjustedMar Qtr 2021$m501,0651.8%1.1%
Gross domestic product GDP, Chain volume measures - annual (a)2019-20$m1,948,383-0.2%na

International Accounts

IndicatorPeriodUnitValueChange previous periodChange same period last year
Balance on Goods and Services - seasonally adjustedMay 2021$m9 681nana
Total Goods and Services Credits - seasonally adjustedMay 2021$m42 2336.1%6.7%
Total Goods and Services Debits - seasonally adjustedMay 2021$m-32 5522.9%-5.6%
Balance on Current Account - seasonally adjustedMarch 2021$m18,283nana
Net International Investment Position (IIP) - originalMarch 2021$m874,641-7.93%na
Net Foreign Debt - originalMarch 2021$m1,138,858-2.00%na

Consumption and investment

IndicatorPeriodUnitValueChange previous periodChange same period last year
Retail turnover at current prices - seasonally adjustedMay 2021$m31158.30.47.7
Actual New Capital Expenditure in volume terms - seasonally adjustedMar Qtr 2021$m31 4946.30.8
Inventories held by Private Businesses, in volume terms - seasonally adjustedMar qtr 2021$m167,8772.1%-0.9%
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 adjustedMar qtr 2021$m89,4441.7%-0.7%
Dwelling unit approvals - seasonally adjustedMay 2021no.20163-7.1%52.7%
Building approvals - seasonally adjustedMay 2021$m12945.44.5%47.7%
Total dwelling units commenced - seasonally adjustedMar 2021no.51,6620.213.1
Building work done - chain volume measures - seasonally adjustedMar 2021($ Millions)51,975.9+2.4%-1.1%

Prices

IndicatorPeriodUnitValueChange previous periodChange same period last year
Consumer price index (2011-12 = 100.0) - originalJun 2021 QtrIndex no.118.80.8%3.8%
Producer Price Indexes, Final Demand (2011-12 = 100.0) - originalJune 2021 QtrIndex no.113.60.72.2
Import price index (2011-12 = 100.0) - originalJun Qtr 2021Index no.108.11.9%-2.5%
Export price index (2011-12 = 100.0) - originalJun Qtr 2021Index no.137.313.2%26.0%
Wage Price Index (2008-2009 = 100.0) - originalMar Qtr 2021Index no.136.10.5%1.5%

Labour force and demography

IndicatorPeriodUnitValueChange previous periodChange same period last year
Employed persons - seasonally adjustedJune 2021'00013,154.229.1777.9
Participation rate - seasonally adjustedJune 2021%66.20.0 pts2.1 pts
Unemployment rate - seasonally adjustedJune 2021%4.9-0.2 pts-2.4 pts
Employment to Population ratio - seasonally adjustedJune 2021%63.00.1 pts3.6 pts
Estimated resident population - (preliminary)Dec qtr 2020'00025,694.40.030.5
Short-term overseas visitor arrivals (b)May 2021'000nanana

Incomes

IndicatorPeriodUnitValueChange previous periodChange same period last year
Company gross operating profits (in current price terms) - seasonally adjustedMar qtr 2021$m110,721-0.3%11.9%
Average weekly ordinary time earnings, full-time adultsNovember 2020$1711.60np3.2%

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.