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 2023 | $m | 560,335 | 0.4% | 2.1% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2022-23 | $m | 2,229,827 | 3.4% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods and Services - seasonally adjusted | July 2023 | $m | 8,039 | na | na |
| Total Goods and Services Credits - seasonally adjusted | July 2023 | $m | 53,923 | -2.0% | -2.8% |
| Total Goods and Services Debits - seasonally adjusted | July 2023 | $m | -45,885 | 2.5% | -0.8% |
| Balance on Current Account - seasonally adjusted | Jun Qtr 2023 | $m | 7,721 | na | na |
| Net International Investment Position (IIP) - original | Jun Qtr 2023 | $m | 822,241 | -10.3% | -9.1% |
| Net Foreign Debt - original | Jun Qtr 2023 | $m | 1,169,505 | -2.5% | 0.2% |
| Goods and Services credits, Chain volume measures - seasonally adjusted | Jun Qtr 2023 | $m | 130,036 | 4.3% | 9.8% |
| Goods and Services debits, Chain volume measures - seasonally adjusted | Jun Qtr 2023 | $m | -110,488 | 0.7% | 4.4% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | August 2023 | $m | 35,432.7 | 0.2% | 1.5% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Jun qtr 2023 | $m | $37,581 million | 2.8% | 10.8% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Jun qtr 2023 | $m | 183,314 | -1.9% | 2.0% |
| 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 2023 | $m | 91,103 | -2.0% | -0.9% |
| Dwelling unit approvals - seasonally adjusted | July 2023 | no. | 12,668 | -8.1% | -10.6% |
| Building approvals - seasonally adjusted | July 2023 | $m | 12,857.9 | -16.9% | 14.4% |
| Total dwelling units commenced - seasonally adjusted | Mar qtr 2023 | no. | 46,546 | 14.0% | -6.6% |
| Building work done - chain volume measures - seasonally adjusted | Jun qtr 2023 | $m | 31,459.8 | 0.2% | 4.3% |
| Engineering construction work done - chain volume measures - seasonally adjusted | Jun qtr 2023 | $m | 27,550.8 | 0.7% | 15.5% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Jun 2023 Qtr | Index no. | 133.7 | 0.8% | 6.0% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | Jun Qtr 2023 | Index no. | 124.7 | 0.5 | 3.9 |
| Import price index (2011-12 = 100.0) - original | Jun qtr 2023 | Index no. | 131.6 | -0.8% | -0.3% |
| Export price index (2011-12 = 100.0) - original | Jun qtr 2023 | Index no. | 169.1 | -8.5% | -11.2% |
| Wage Price Index (2008-2009 = 100.0) - original | Jun qtr 2023 | Index no. | 145.2 | 0.6% | 3.6% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | August 2023 | '000 | 14,107.9 | 64.9 | 410.7 |
| Participation rate - seasonally adjusted | August 2023 | % | 67.0 | 0.1 pts | 0.3 pts |
| Unemployment rate - seasonally adjusted | August 2023 | % | 3.7 | 0.0 pts | 0.2 pts |
| Employment to Population ratio - seasonally adjusted | August 2023 | % | 64.5 | 0.1 pts | 0.1 pts |
| Job Vacancies - seasonally adjusted | August 2023 | '000 | 390.4 | -8.9% | -15.2% |
| Estimated resident population - (preliminary) | Mar qtr 2023 | '000 | 26,473.1 | 0.69 | 2.2 |
| Short-term overseas visitor arrivals - original (b) | July 2023 | no. | 625,120 | 83,040 | 299,440 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits (in current price terms) - seasonally adjusted | Jun qtr 2023 | $m | 131,517 | -13.1% | -11.8% |
| Average weekly ordinary time earnings, full-time adults | May 2023 | $ | 1,838.10 | np | 3.9% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New housing loan commitments - seasonally adjusted | July 2023 | $b | 24.19 | -1.2% | -14.1% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | July 2023 | $b | 15.57 | -1.9% | -17.5% |
| New housing loan commitments to Investors - seasonally adjusted | July 2023 | $b | 8.62 | -0.1% | -7.2% |
| New personal loan commitments for fixed term loans - seasonally adjusted | July 2023 | $b | 2.30 | 4.7% | 9.2% |
| New business loan commitments for construction - seasonally adjusted | July 2023 | $b | 1.80 | -21.5% | 7.3% |
| New business loan commitments for the purchase of property - seasonally adjusted | July 2023 | $b | 4.87 | -5.1% | -33.7% |
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.