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 2021 | $m | 521,931 | 3.4% | 4.2% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2020-21 | $m | 2,009,939 | 1.5% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods and Services - seasonally adjusted | March 2022 | $m | 9,314 | 25.2% | -19.4% |
| Total Goods and Services Credits - seasonally adjusted | March 2022 | $m | 49,453 | -0.1% | -1.4% |
| Total Goods and Services Debits - seasonally adjusted | March 2022 | $m | -40,139 | -4.6% | 3.6% |
| Balance on Current Account - seasonally adjusted | December 2021 | $m | 12,677 | -42.3% | n.a. |
| Net International Investment Position (IIP) - original | December 2021 | $m | 809,396 | -7.9% | 0.2% |
| Net Foreign Debt - original | December 2021 | $m | 1,204,855 | -0.2% | 0.0% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | March 2022 | $m | 33,626.1 | 1.6% | 9.4% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Dec Qtr 2021 | $m | $33,339 million | 1.1% | 9.8% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Dec Qtr 2021 | $m | 171,048 | 1.1 | 2.2 |
| 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 2021 | $m | 91,489 | 0.8 | 1.6 |
| Dwelling unit approvals - seasonally adjusted | March 2022 | no. | 15,183 | -18.5 | -35.6 |
| Building approvals - seasonally adjusted | March 2022 | $m | 1,2852.2 | -10.8 | -19.0 |
| Total dwelling units commenced - seasonally adjusted | Dec 2021 | no. | 50,200 | -13.5% | -2.0% |
| Building work done - chain volume measures - seasonally adjusted | Dec 2021 | ($Millions) | 30,398.2 | -1.3 | 2.0 |
| Engineering construction work done - chain volume measures - seasonally adjusted | Dec 2021 | ($ Millions) | 23,065.3 | 0.7 | 4.2 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | March 2022 Qtr | Index no. | 123.9 | 2.1% | 5.1% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | March 2022 Qtr | Index no. | 118.3 | 1.6 | 4.9 |
| Import price index (2011-12 = 100.0) - original | Mar qtr 2022 | Index no. | 126.6 | 5.1% | 19.3% |
| Export price index (2011-12 = 100.0) - original | Mar qtr 2022 | Index no. | 178.0 | 18.0% | 46.7% |
| Wage Price Index (2008-2009 = 100.0) - original | Mar qtr 2022 | Index no. | 139.3 | 0.6% | 2.4% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | April 2022 | '000 | 13,401.7 | 4.0 | 381.5 |
| Participation rate - seasonally adjusted | April 2022 | % | 66.3 | -0.1 pts | 0.4 pts |
| Unemployment rate - seasonally adjusted | April 2022 | % | 3.9 | -0.1 pts | -1.6 pts |
| Employment to Population ratio - seasonally adjusted | April 2022 | % | 63.8 | -0.0 pts | 1.4 pts |
| Job Vacancies - seasonally adjusted | February 2022 | '000 | 423.5 | 6.9% | 46.6% |
| Estimated resident population - (preliminary) | Sep qtr 2021 | '000 | 25,750.2 | 0.05 | 0.3 |
| Short-term overseas visitor arrivals - original (b) | March 2022 | no. | 161,720 | 80,980 | 153,410 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits (in current price terms) - seasonally adjusted | Dec Qtr 2021 | $m | 125,496 | 2.0 | 13.0 |
| Average weekly ordinary time earnings, full-time adults | November 2021 | $ | 1748.40 | np | 2.1% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New housing loan commitments - seasonally adjusted | March 2022 | $b | 33.28 | 1.6% | 11.1% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | March 2022 | $b | 21.57 | 0.9% | -2.2% |
| New housing loan commitments to Investors - seasonally adjusted | March 2022 | $b | 11.71 | 2.9% | 48.4% |
| New personal loan commitments for fixed term loans - seasonally adjusted | March 2022 | $b | 2.29 | -0.4% | 27.4% |
| New business loan commitments for construction - seasonally adjusted | March 2022 | $b | 2.84 | 23.6% | 7.1% |
| New business loan commitments for the purchase of property - seasonally adjusted | March 2022 | $b | 6.29 | -16.8% | 22.4% |
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. Original series now provided.