Key economic indicators
Measures of economic performance including national and international accounts, prices, labour force and lending indicators
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 2024 | $m | 658,495 | 0.6% | 1.3% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on goods - seasonally adjusted | January 2025 | $m | 5,620 | na | na |
| Total goods credits - seasonally adjusted | January 2025 | $m | 44,532 | 1.3% | -2.4% |
| Total goods debits - seasonally adjusted | January 2025 | $m | -38,912 | -0.3% | 7.4% |
| Balance on current account - seasonally adjusted | Dec Qtr 2024 | $m | -12,547 | na | na |
| Net International Investment Position (IIP) - original | Dec Qtr 2024 | $m | 653,166 | -8.6% | -20.2% |
| Net foreign debt - original | Dec Qtr 2024 | $m | 1,388,631 | 7.0% | 15.4% |
| Goods and services credits, Chain volume measures - seasonally adjusted | Dec Qtr 2024 | $m | 180,122 | 0.7% | 1.7% |
| Goods and services debits, Chain volume measures - seasonally adjusted | Dec Qtr 2024 | $m | -156,342 | 0.1% | 5.8% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover, at current prices - seasonally adjusted | January 2025 | $m | 37,076.4 | 0.3% | 3.8% |
| Actual new capital expenditure, in volume terms - seasonally adjusted | Dec qtr 2024 | $m | $43,961 million | -0.2% | 0.6% |
| Inventories held by private businesses, in volume terms - seasonally adjusted | Dec qtr 2024 | $m | 228,343 | 0.1% | 1.3% |
| 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 2024 | $m | 106,651 | -2.3% | -3.7% |
| Dwelling unit approvals - seasonally adjusted | January 2025 | no. | 16,579 | 6.3% | 21.7% |
| Building approvals - seasonally adjusted | January 2025 | $m | 14,730.0 | -6.9% | 11.6% |
| Total dwelling units commenced - seasonally adjusted | Sep qtr 2024 | no. | 43,247 | 4.6% | 13.9% |
| Building work done, Chain volume measures - seasonally adjusted | Dec qtr 2024 | $m | 38,297.9 | -0.7% | -0.7% |
| Engineering construction work done, Chain volume measures - seasonally adjusted | Dec qtr 2024 | $m | 35,639.0 | 1.8% | 4.6% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Dec 2024 Qtr | Index no. | 139.4 | 0.2% | 2.4% |
| Producer price indexes, Final demand (2011-12 = 100.0) - original | Dec Qtr 2024 | Index No. | 133.0 | 0.8% | 3.7% |
| Import price index (2011-12 = 100.0) - original | Dec Qtr 2024 | Index no. | 131.5 | 0.2% | -1.9% |
| Export price index (2011-12 = 100.0) - original | Dec Qtr 2024 | Index no. | 158.2 | 3.6% | -8.6% |
| Wage price index (2008-09 = 100.0) - original | Dec Qtr 2024 | Index no. | 154.1 | 0.7% | 3.2% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | January 2025 | '000 | 14,634.3 | 44.0 | 498.3 |
| Participation rate - seasonally adjusted | January 2025 | % | 67.3 | 0.2 pts | 0.8 pts |
| Unemployment rate - seasonally adjusted | January 2025 | % | 4.1 | 0.1 pts | 0.0 pts |
| Employment to population ratio - seasonally adjusted | January 2025 | % | 64.6 | 0.1 pts | 0.8 pts |
| Job vacancies - seasonally adjusted | November 2024 | '000 | 344.0 | 4.2% | -10.3% |
| Estimated resident population - (preliminary) | Jun qtr 2024 | '000 | 27,204.8 | 0.3 | 2.1 |
| Short-term overseas visitor arrivals - original (b) | December 2024 | '000 | 945.3 | 35.9% | 7.8% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits, at current prices - seasonally adjusted | Dec qtr 2024 | $m | 130,361 | 5.9% | -6.2% |
| Average weekly ordinary time earnings, full-time adults | Nov 2024 | $ | 1,975.80 | 2.7% | 4.6% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New dwelling loan commitments - seasonally adjusted | Dec Qtr 2024 | $b | 87.23 | 1.4% | 16.0% |
| New dwelling loan commitments to owner occupiers - seasonally adjusted | Dec Qtr 2024 | $b | 54.81 | 4.2% | 12.7% |
| New dwelling loan commitments to investors - seasonally adjusted | Dec Qtr 2024 | $b | 32.43 | -2.9% | 22.2% |
| New personal loan commitments for fixed term loans - seasonally adjusted | Dec Qtr 2024 | $b | 8.35 | 1.0% | 17.9% |
| New business loan commitments for construction - seasonally adjusted | Dec Qtr 2024 | $b | 10.71 | 11.4% | 48.4% |
| New business loan commitments for the purchase of property - seasonally adjusted | Dec Qtr 2024 | $b | 20.53 | 0.8% | 24.4% |
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.