KEY AUSTRALIAN INDICATORS |
|
Latest |
Date |
12 months ago |
Economic growth |
2.7% |
Mar 10 |
0.4% |
Unemployment |
5.2% |
May 10 |
5.8% |
Participation rate |
65.1% |
May 10 |
65.3% |
Inflation (CPI) |
2.9% |
Mar 10 |
2.5% |
Underlying Inflation |
3.1% |
Mar 10 |
4.2% |
Wage price index |
+2.9% |
Mar 10 |
+4.2% |
Household savings |
+1.3% |
Mar 10 |
+1.3% |
RBA cash rate |
4.50% |
May 10 |
3.00% |
EXTERNAL ACCOUNTS |
|
Latest |
Date |
12 months ago |
Current account |
-$61.8bn |
Mar 10 |
-$40.5bn |
CAD (% of GDP) |
-4.9% |
Mar 10 |
-3.4% |
Balance on goods and services |
-$15.3bn |
Mar 10 |
+$3.1bn |
Exports |
$241.8bn |
Apr 10 |
$289.5bn |
Imports |
$256.5bn |
Apr 10 |
$284.8bn |
Net foreign debt |
$654.3bn |
Mar 10 |
$657.4bn |
Net foreign debt
(% of GDP) |
51.6% |
Mar 10 |
54.9% |
Net foreign equity |
$103.0bn |
Mar 10 |
$50.9bn |
Terms of trade
(2007-08=100) |
104.6 |
Mar 10 |
106.2 |
Trade weighted index |
67.3 |
Jun 10 |
64.7 |
Figures as at 4 July 2010
Source: Australia Bureau of Statistics, RBA |
|
2010-11 Budget figures |
| |
2010-11 |
% of GDP |
2011-12 |
% of GDP |
Fiscal balance |
-$39.6bn |
-2.8% |
-$12.1bn |
-0.8% |
Underlying cash balance |
-$40.8bn |
-2.9% |
-$13.0bn |
-0.9% |
Revenue† |
$321.8bn |
22.9% |
$356.4bn |
24.0% |
Expenditure† |
$354.6bn |
25.2% |
$364.6bn |
24.5% |
TREASURY FORECASTS |
|
2008-09
outcomes |
2009-10 forecasts |
2010-11 forecasts |
Economic growth |
1.3% |
2.0% |
3.25% |
Household consumption |
1.9% |
2.75% |
3.5% |
Business investment |
6.6% |
-2.0% |
7% |
Inflation (CPI) |
1.5% |
3.25% |
2.5% |
Wage price index |
3.8% |
2.75% |
3.75% |
Unemployment Rate |
5.7% |
5.25% |
5% |
Participation Rate |
65.4% |
65.25% |
65.5% |
Employment growth |
0.1% |
2.5% |
2.25% |
Current account
(% GDP) |
-3.0% |
-4.75% |
-3.75% |
Terms of trade |
9.6% |
-3.75% |
14.25% |
Exports |
0.1% |
1.5% |
5% |
Imports |
-2.8% |
5% |
9% |
Source: 2009-10 Mid-Year Economic and Fiscal Outlook, Part 2
†Because Treasury uses complex accounting
methods, revenue and expenditure do not add up precisely
to the fiscal balance of underlying cash balance.
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