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 2021$m505,1340.7%9.6%
Gross domestic product GDP, Chain volume measures - annual (a)2020-21$m1,975,8661.4%na

International Accounts

IndicatorPeriodUnitValueChange previous periodChange same period last year
Balance on Goods and Services - seasonally adjustedJuly 2021$m12,117nana
Total Goods and Services Credits - seasonally adjustedJuly 2021$m45,9514.8%-4.3%
Total Goods and Services Debits - seasonally adjustedJuly 2021$m33,8343.3%5.7%
Balance on Current Account - seasonally adjustedJune 2021$m20,461nana
Net International Investment Position (IIP) - originalJune 2021$m885,123-3.26%na
Net Foreign Debt - originalJune 2021$m1,186,3561.94%na

Consumption and investment

IndicatorPeriodUnitValueChange previous periodChange same period last year
Retail turnover at current prices - seasonally adjustedJuly 2021$m29778.6-2.7-3.1
Actual New Capital Expenditure in volume terms - seasonally adjustedJun Qtr 2021$m32,675 million4.4%11.5%
Inventories held by Private Businesses, in volume terms - seasonally adjustedJun qtr 2021$m168,5290.2%2.4%
Total new motor vehicle salesDec 2017no.99,7560.2%2.8%

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) - originalJun Qtr 2021Index no.136.50.3%1.8%

Labour force and demography

IndicatorPeriodUnitValueChange previous periodChange same period last year
Employed persons - seasonally adjustedAugust 2021'00013,022.6-146.3396.1
Participation rate - seasonally adjustedAugust 2021%65.2-0.8 pts0.2 pts
Unemployment rate - seasonally adjustedAugust 2021%4.5-0.1 pts-2.2 pts
Employment to Population ratio - seasonally adjustedAugust 2021%62.2-0.7 pts1.7 pts
Estimated resident population - (preliminary)Mar qtr 2021'00025,704.30.10.1
Short-term overseas visitor arrivals (b)July 2021'000nanana

Incomes

IndicatorPeriodUnitValueChange previous periodChange same period last year
Company gross operating profits (in current price terms) - seasonally adjustedJun qtr 2021$m118,2997.1%5.5%
Average weekly ordinary time earnings, full-time adultsMay 2021$1737.10np1.4%

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.