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 | Mar Qtr 2024 | $m | 610,298 | 0.1% | 1.1% |
Gross domestic product GDP, Chain volume measures - annual (a) | 2022-23 | $m | 2,405,056 | 3.1% | na |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Balance on Goods - seasonally adjusted | May 2024 | $m | 5,773 | na | na |
Total Goods Credits - seasonally adjusted | May 2024 | $m | 43,979 | 2.8% | -7.8% |
Total Goods Debits - seasonally adjusted | May 2024 | $m | -38,206 | 3.9% | 3.5% |
Balance on Current Account - seasonally adjusted | Mar Qtr 2024 | $m | -4,896 | na | na |
Net International Investment Position (IIP) - original | Mar Qtr 2024 | $m | 730,268 | -12.5% | -21.2% |
Net Foreign Debt - original | Mar Qtr 2024 | $m | 1,235,729 | 2.3% | 2.8% |
Goods and Services credits, Chain volume measures - seasonally adjusted | Mar Qtr 2024 | $m | 163,464 | 0.7% | 3.2% |
Goods and Services debits, Chain volume measures - seasonally adjusted | Mar Qtr 2024 | $m | -138,454 | 5.1% | 7.4% |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Retail turnover at current prices - seasonally adjusted | May 2024 | $m | 35,940.6 | 0.6% | 1.7% |
Actual New Capital Expenditure in volume terms - seasonally adjusted | Mar qtr 2024 | $m | $40,487million | 1.0% | 5.5% |
Inventories held by Private Businesses, in volume terms - seasonally adjusted | Mar qtr 2024 | $m | 208,399 | 1.3% | -0.6% |
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 | Mar qtr 2024 | $m | 100.789 | -1.0% | -2.5% |
Dwelling unit approvals - seasonally adjusted | May 2024 | no. | 14,175 | 5.5% | -8.5% |
Building approvals - seasonally adjusted | May 2024 | $m | 13,047.3 | 0.6% | -11.1% |
Total dwelling units commenced - seasonally adjusted | Mar qtr 2024 | no. | 39,715 | 0.5% | -13.5% |
Building work done - chain volume measures - seasonally adjusted | Mar qtr 2024 | $m | 33,315.1 | -3.7% | -2.0% |
Engineering construction work done - chain volume measures - seasonally adjusted | Mar qtr 2024 | $m | 30,717.4 | -2.1% | 6.2% |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Consumer price index (2011-12 = 100.0) - original | Mar 2024 Qtr | Index no. | 137.4 | 1.0% | 3.6% |
Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | Mar Qtr 2024 | Index no. | 129.4 | 0.9 | 4.3 |
Import price index (2011-12 = 100.0) - original | Mar Qtr 2024 | Index no. | 131.7 | -1.8% | -0.7% |
Export price index (2011-12 = 100.0) - original | Mar Qtr 2024 | Index no. | 169.5 | -2.1% | -8.3% |
Wage Price Index (2008-2009 = 100.0) - original | Mar Qtr 2024 | Index no. | 150.2 | 0.6% | 4.1% |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Employed persons - seasonally adjusted | June 2024 | '000 | 14,406.1 | 50.2 | 388.4 |
Participation rate - seasonally adjusted | June 2024 | % | 66.9 | 0.1 pts | 0.3 pts |
Unemployment rate - seasonally adjusted | June 2024 | % | 4.1 | 0.0 pts | 0.5 pts |
Employment to Population ratio - seasonally adjusted | June 2024 | % | 64.2 | 0.1 pts | -0.1 pts |
Job Vacancies - seasonally adjusted | May 2024 | '000 | 352.6 | -2.7% | -17.7% |
Estimated resident population - (preliminary) | Dec qtr 2023 | '000 | 26,966.8 | 0.48 | 2.5 |
Short-term overseas visitor arrivals - original (b) | May 2024 | no. | 600,780 | 7,690 | 88,450 |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
Company gross operating profits (in current price terms) - seasonally adjusted | Mar qtr 2024 | $m | 137,393 | -2.5% | -8.6% |
Average weekly ordinary time earnings, full-time adults | November 2023 | $ | 1888.80 | np | 4.5% |
Indicator | Period | Unit | Value | Change previous period | Change same period last year |
---|---|---|---|---|---|
New housing loan commitments - seasonally adjusted | May 2024 | $b | 28.80 | -1.7% | 18.0% |
New housing loan commitments to Owner Occupiers - seasonally adjusted | May 2024 | $b | 18.13 | -2.0% | 12.2% |
New housing loan commitments to Investors - seasonally adjusted | May 2024 | $b | 10.67 | -1.3% | 29.5% |
New personal loan commitments for fixed term loans - seasonally adjusted | May 2024 | $b | 2.56 | -0.7% | 12.7% |
New business loan commitments for construction - seasonally adjusted | May 2024 | $b | 2.64 | 38.6% | 4.1% |
New business loan commitments for the purchase of property - seasonally adjusted | May 2024 | $b | 5.90 | -1.8% | 2.9% |
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.