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 | Sep Qtr 2024 | $m | 654,912 | 0.3% | 0.8% |
| Gross domestic product GDP, Chain volume measures - annual (a) | 2023-24 | $m | 2,604,215 | 1.4% | na |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Balance on Goods - seasonally adjusted | October 2024 | $m | 5,953 | na | na |
| Total Goods Credits - seasonally adjusted | October 2024 | $m | 42,148 | 3.6% | -9.2% |
| Total Goods Debits - seasonally adjusted | October 2024 | $m | -36,195 | 0.1% | -3.1% |
| Balance on Current Account - seasonally adjusted | Sep Qtr 2024 | $m | -14,149 | na | na |
| Net International Investment Position (IIP) - original | Sep Qtr 2024 | $m | 716,547 | 3.0% | -10.3% |
| Net Foreign Debt - original | Sep Qtr 2024 | $m | 1,302,884 | 4.5% | 11.3% |
| Goods and Services credits, Chain volume measures - seasonally adjusted | Sep Qtr 2024 | $m | 178,803 | 0.2% | -1.1% |
| Goods and Services debits, Chain volume measures - seasonally adjusted | Sep Qtr 2024 | $m | -156,210 | -0.3% | -2.7% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Retail turnover at current prices - seasonally adjusted | October 2024 | $m | 36,702.7 | 0.6% | 3.4% |
| Actual New Capital Expenditure in volume terms - seasonally adjusted | Sep qtr 2024 | $m | $43,838 million | 1.1% | 1.0% |
| Inventories held by Private Businesses, in volume terms - seasonally adjusted | Sep qtr 2024 | $m | 228,025 | -0.9% | 0.1% |
| 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 | Sep qtr 2024 | $m | 109,193 | -0.8% | -0.4% |
| Dwelling unit approvals - seasonally adjusted | October 2024 | no. | 15,498 | 4.2% | 6.1% |
| Building approvals - seasonally adjusted | October 2024 | $m | 13,213.5 | -3.7% | -4.5% |
| Total dwelling units commenced - seasonally adjusted | Jun qtr 2024 | no. | 40,293 | -1.1% | -3.6% |
| Building work done - chain volume measures - seasonally adjusted | Sep qtr 2024 | $m | 38,638.0 | 0.7% | 0.8% |
| Engineering construction work done - chain volume measures - seasonally adjusted | Sep qtr 2024 | $m | 34,706.9 | 2.6% | 6.0% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Consumer price index (2011-12 = 100.0) - original | Sep 2024 Qtr | Index no. | 139.1 | 0.2% | 2.8% |
| Producer Price Indexes, Final Demand (2011-12 = 100.0) - original | Sept Qtr 2024 | Index no. | 132.0 | 1.0% | 3.9% |
| Import price index (2011-12 = 100.0) - original | Sep Qtr 2024 | Index no. | 131.2 | -1.4% | -1.1% |
| Export price index (2011-12 = 100.0) - original | Sep Qtr 2024 | Index no. | 152.7 | -4.3% | -6.8% |
| Wage Price Index (2008-2009 = 100.0) - original | Sep Qtr 2024 | Index no. | 153.1 | 1.3% | 3.5% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Employed persons - seasonally adjusted | November 2024 | '000 | 14,535.5 | 35.6 | 334.5 |
| Participation rate - seasonally adjusted | November 2024 | % | 67.0 | -0.1 pts | 0.0 pts |
| Unemployment rate - seasonally adjusted | November 2024 | % | 3.9 | -0.2 pts | 0.0 pts |
| Employment to Population ratio - seasonally adjusted | November 2024 | % | 64.4 | 0.0 pts | 0.0 pts |
| Job Vacancies - seasonally adjusted | August 2024 | '000 | 329.9 | -5.2% | -17.1% |
| Estimated resident population - (preliminary) | Jun qtr 2024 | '000 | 27,204.8 | 0.3 | 2.1 |
| Short-term overseas visitor arrivals - original (b) | October 2024 | '000 | 677.4 | 7.4% | 11.4% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| Company gross operating profits (in current price terms) - seasonally adjusted | Sep qtr 2024 | $m | 121,855 | -4.6 | -8.5 |
| Average weekly ordinary time earnings, full-time adults | May 2024 | $ | 1,923.40 | np | 4.6% |
| Indicator | Period | Unit | Value | Change previous period | Change same period last year |
|---|---|---|---|---|---|
| New housing loan commitments - seasonally adjusted | September 2024 | $b | 30.21 | -0.3% | 18.9% |
| New housing loan commitments to Owner Occupiers - seasonally adjusted | September 2024 | $b | 18.64 | 0.1% | 13.1% |
| New housing loan commitments to Investors - seasonally adjusted | September 2024 | $b | 11.57 | -1.0% | 29.5% |
| New personal loan commitments for fixed term loans - seasonally adjusted | September 2024 | $b | 2.81 | 2.1% | 16.1% |
| New business loan commitments for construction - seasonally adjusted | September 2024 | $b | 2.98 | -8.2% | 28.3% |
| New business loan commitments for the purchase of property - seasonally adjusted | September 2024 | $b | 7.08 | 2.9% | 20.8% |
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.