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 | Dec Qtr 2020 | $m | 491,525 | ▲3.1% | ▼-1.1% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2019-20 | $m | 1,948,283 | ▼-0.2% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods and Services - seasonally adjusted | February 2021 | $m | 7529 | na | na |
| Total Goods and Services Credits - seasonally adjusted | February 2021 | $m | 38, 926 | ▼-1.3% | ▼-8.1% |
| Total Goods and Services Debits - seasonally adjusted | February 2021 | $m | 31,398 | ▲5.2% | ▼-4.1% |
| Balance on Current Account - seasonally adjusted | December 2020 | $m | 14,523 | na | na |
| Net International Investment Position (IIP) - original | December 2020 | $m | 947,218 | ▼0.26% | na |
| Net Foreign Debt - original | December 2020 | $m | 1,165,347 | ▲0.23% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | February 2021 | $m | 30,300.6 | ▼0.8% | ▲9.1% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Dec qtr 2020 | $m | 29 385 | ▲3.0% | ▼-7.5% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Dec Qtr 2020 | $m | 164,294 | ⬤0.0 | ▼4.6 |
| 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 | Dec Qtr 2020 | $m | 87,865 | ▲2.2 | ▼0.8 |
| Dwelling unit approvals - seasonally adjusted | February 2021 | no. | 19422 | ▲21.6% | ▲20.1% |
| Building approvals - seasonally adjusted | February 2021 | $m | 11251.0 | ▲23.3% | ▲8.9% |
| Total dwelling units commenced - seasonally adjusted | Dec 2020 | no. | 51055 | ▲18.6 | ▲19.4 |
| Building work done - chain volume measures - seasonally adjusted | Dec 2020 | $m | 29,373.9 | ▲0.6 | ▼-2.2 |
| Engineering construction work done - chain volume measures - seasonally adjusted | Dec 2020 | $m | 21,796.6 | ▼-2.8 | ▼-0.3 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Dec 2020 Qtr | Index no. | 117.2 | ▲0.9% | ▲0.9% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | December 2020 Qtr | Index no. | 112.3 | ▲0.5% | ▼-0.1% |
| Import price index (2011-12 = 100.0) - original | Dec Qtr 20 | Index no. | 105.9 | ▼-1.0% | ▼-7.3% |
| Export price index (2011-12 = 100.0) - original | Dec Qtr 20 | Index no. | 109.1 | ▲5.5% | ▲0.3% |
| Wage Price Index (2008-2009 = 100.0) - original | Dec Qtr 2020 | Index no. | 135.4 | ▲0.5 | ▲1.4 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | March 2021 | '000 | 13,077.6 | ▲70.7 | ▲74.3 |
| Participation rate - seasonally adjusted | March 2021 | % | 66.3 | ▲0.2 pts | ▲0.4 pts |
| Unemployment rate - seasonally adjusted | March 2021 | % | 5.6 | ▼-0.2 pts | ▲0.4 pts |
| Employment to Population ratio - seasonally adjusted | March 2021 | % | 62.6 | ▲0.3 pts | ▲0.1 pts |
| Job Vacancies - seasonally adjusted | February 2021 | '000 | 288.7 | ▲13.7% | ▲26.8% |
| Estimated resident population - (preliminary) | Sep Qtr 2020 | '000 | 25693.1 | ▼0.02% | ▲0.9% |
| Short-term overseas visitor arrivals (b) | February 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 | Dec Qtr 2020 | $m | 109,698 | ▼6.6 | ▲15.1 |
| 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 | February 2021 | $b | 28.64 | ▼-0.4% | ▲48.8% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | February 2021 | $b | 21.70 | ▼-1.8 | ▲55.2% |
| New housing loan commitments to Investors - seasonally adjusted | February 2021 | $b | 6.94 | ▲4.5% | ▲31.6% |
| New personal loan commitments for fixed term loans - seasonally adjusted | February 2021 | $b | 1.80 | ▲1.1% | ▲1.6% |
| New business loan commitments for construction - seasonally adjusted | February 2021 | $b | 2.61 | ▲82.3% | ▲12.1% |
| New business loan commitments for the purchase of property - seasonally adjusted | February 2021 | $b | 4.62 | ▲15.4% | ▼-9.5% |
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.