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 (a) | 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 | September 2020 | $m | 5,630 | ⬤n/a | ⬤n/a |
| Total Goods and Services Credits - seasonally adjusted | September 2020 | $m | 33,737 | ▲3.9% | ▲0.3% |
| Total Goods and Services Debits - seasonally adjusted | September 2020 | $m | -28,108 | ▼-5.9% | ▲3.0% |
| 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 | September 2020 | $m | 29,157.5 | ▼-1.1% | ▲5.6% |
| 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 | September 2020 | no. | 15827 | ▲15.4 | ▲8.8 |
| Building approvals - seasonally adjusted | September 2020 | $m | 8602.7 | ▼-17.0 | ▼-10.3 |
| Total dwelling units commenced - seasonally adjusted | Jun 2020 | no. | 42448 | ▼-5.6% | ▼-8.0% |
| Building work done - chain volume measures - seasonally adjusted | Sep Qtr 2020 | $m | 28971.2 | ▼-2.0% | ▼-7.2% |
| Engineering construction work done - chain volume measures - seasonally adjusted | Sep Qtr 2020 | $m | 22208.2 | ▼-3.3% | ▲0.1% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Sep 2020 Qtr | Index no. | 116.2 | ▲1.6% | ▲0.7% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | September 2020 Qtr | Index no. | 111.7 | ▲0.4% | ▼-0.4% |
| Import price index (2011-12 = 100.0) - original | Sep Qtr 2020 | Index no. | 107.0 | ▼-3.5% | ▼-5.7% |
| Export price index (2011-12 = 100.0) - original | Sep Qtr 2020 | Index no. | 103.4 | ▼-5.1% | ▼-9.9% |
| Wage Price Index (2008-2009 = 100.0) - original | Sep Qtr 2020 | Index no. | 134.7 | ▲0.4% | ▲1.4% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | October 2020 | '000 | 12,773.9 | ▲178.8 | ▼-132.3 |
| Participation rate - seasonally adjusted | October 2020 | % | 65.8 | ▲0.9 pts | ▼-0.1 pts |
| Unemployment rate - seasonally adjusted | October 2020 | % | 7.0 | ▲0.1 pts | ▲1.7 pts |
| Employment to Population ratio - seasonally adjusted | October 2020 | % | 61.2 | ▲0.8 pts | ▼-1.3 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 (b) | September 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 | September 2020 | $b | 22.54 | ▲5.9% | ▲25.5% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | September 2020 | $b | 17.26 | ▲6.0% | ▲33.8% |
| New housing loan commitments to Investors - seasonally adjusted | September 2020 | $b | 5.28 | ▲5.2% | ▲4.2% |
| New personal loan commitments for fixed term loans - seasonally adjusted | September 2020 | $b | 1.49 | ▲8.5% | ▼-10.1% |
| New business loan commitments for construction - seasonally adjusted | September 2020 | $b | 2.06 | ▲57.2% | ▼-47.3% |
| New business loan commitments for the purchase of property - seasonally adjusted | September 2020 | $b | 3.96 | ▲10.1% | ▼-19.0% |
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.