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 2022 | $m | 555,690 | 0.5% | 2.7% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2021-22 | $m | 2,156,845 | 3.7% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods and Services - seasonally adjusted | March 2023 | $m | 15,269 | na | na |
| Total Goods and Services Credits - seasonally adjusted | March 2023 | $m | 59,299 | 3.8% | 16.5% |
| Total Goods and Services Debits - seasonally adjusted | March 2023 | $m | -44,029 | 2.5% | 6.3% |
| Balance on Current Account - seasonally adjusted | Dec Qtr 2022 | $m | 14,114 | na | na |
| Net International Investment Position (IIP) - original | Dec Qtr 2022 | $m | 856,794 | -0.4% | 10.5% |
| Net Foreign Debt - original | Dec Qtr 2022 | $m | 1,162,845 | 0.3% | -3.7% |
| Goods and Services credits, Chain volume measures - seasonally adjusted | Dec Qtr 2022 | $m | 122,367 | 1.1% | 7.7% |
| Goods and Services debits, Chain volume measures - seasonally adjusted | Dec Qtr 2022 | $m | -105,121 | -4.3% | 12.1% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | April 2023 | $m | 35,262.0 | 0.0% | 4.2% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Mar qtr 2023 | $m | $36,121 million | 2.4% | 6.3% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Mar qtr 2023 | $m | 186,878 | 1.2% | 4.1% |
| 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 | Mar qtr 2023 | $m | 93,155 | 3.6% | 1.9% |
| Dwelling unit approvals - seasonally adjusted | April 2023 | no. | 11,594 | -8.1% | -24.1% |
| Building approvals - seasonally adjusted | April 2023 | $m | 12,587.0 | 4.7% | 4.2% |
| Total dwelling units commenced - seasonally adjusted | Dec qtr 2022 | no. | 41,374 | -6.7% | -21.9 |
| Building work done - chain volume measures - seasonally adjusted | Mar qtr 2023 | $m | 30,620.7 | -1.1% | -2.2% |
| Engineering construction work done - chain volume measures - seasonally adjusted | Mar qtr 2023 | $m | 27,065.8 | 5.3% | 14.9% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Mar 2023 Qtr | Index no. | 132.6 | 1.4% | 7.0% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | Mar Qtr 2023 | Index no. | 124.4 | 1.0 | 5.2 |
| Import price index (2011-12 = 100.0) - original | Mar qtr 2023 | Index no. | 132.6 | -4.2% | 4.7% |
| Export price index (2011-12 = 100.0) - original | Mar qtr 2023 | Index no. | 184.9 | 1.6% | 6.9% |
| Wage Price Index (2008-2009 = 100.0) - original | Mar qtr 2023 | Index no. | 144.3 | 0.8% | 3.6% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | April 2023 | '000 | 13,882.1 | -4.3 | 390.3 |
| Participation rate - seasonally adjusted | April 2023 | % | 66.7 pts | -0.1 pts | 0.2 pts |
| Unemployment rate - seasonally adjusted | April 2023 | % | 3.7 pts | 0.1 pts | -0.2 pts |
| Employment to Population ratio - seasonally adjusted | April 2023 | % | 64.2 pts | -0.2 pts | 0.3 pts |
| Job Vacancies - seasonally adjusted | February 2023 | '000 | 438.5 | -1.5% | 3.6% |
| Estimated resident population - (preliminary) | Sep qtr 2022 | '000 | 26,124.8 | 0.49 | 1.6 |
| Short-term overseas visitor arrivals - original (b) | March 2023 | '000 | 613,340 | 12,630 | 443,080 |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits (in current price terms) - seasonally adjusted | Mar qtr 2023 | $m | 150,402 | 0.5% | 7.1% |
| Average weekly ordinary time earnings, full-time adults | November 2022 | $ | 1807.70 | np | 3.4% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New housing loan commitments - seasonally adjusted | April 2023 | $b | 23.26 | -2.9% | -25.8% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | April 2023 | $b | 15.40 | -3.8% | -24.3% |
| New housing loan commitments to Investors - seasonally adjusted | April 2023 | $b | 7.85 | -0.9% | -28.6% |
| New personal loan commitments for fixed term loans - seasonally adjusted | April 2023 | $b | 2.15 | 1.5% | -3.6% |
| New business loan commitments for construction - seasonally adjusted | April 2023 | $b | 3.33 | 44.0% | 56.5% |
| New business loan commitments for the purchase of property - seasonally adjusted | April 2023 | $b | 5.41 | 9.8% | -12.9% |
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.