KEY AUSTRALIAN INDICATORS |
|
Latest |
Date |
12 months ago |
Economic growth |
0.6% |
Sep 09 |
2.4% |
Unemployment |
5.3% |
Jan 10 |
5.0% |
Participation rate |
65.3% |
Jan 10 |
65.3% |
Inflation (CPI) |
2.1% |
Dec 09 |
3.7% |
Underlying Inflation |
3.4% |
Sep 09 |
4.4% |
Wage price index |
+3.6% |
Sep 09 |
+4.0% |
Household savings |
+3.4% |
Sep 09 |
-1.5% |
RBA cash rate |
3.75% |
Feb 10 |
3.25% |
EXTERNAL ACCOUNTS |
|
Latest |
Date |
12 months ago |
Current account |
-$43.2bn |
Sep 09 |
-$66.3bn |
CAD (% of GDP) |
-3.4% |
Sep 09 |
-5.5% |
Balance on goods and services |
+$0.2bn |
Sep 09 |
-$18.9bn |
Exports |
$269.9bn |
Sep 09 |
$252.5bn |
Imports |
$269.7bn |
Sep 09 |
$271.4bn |
Net foreign debt |
$637.5bn |
Sep 09 |
$657.9bn |
Net foreign debt
(% of GDP) |
50.9% |
Sep 09 |
54.2% |
Net foreign equity |
$114.7bn |
Sep 09 |
$36.1bn |
Terms of trade
(2007-08=100) |
97.7 |
Sep 09 |
116.1 |
Trade weighted index |
69.2 |
Jan 10 |
53.2 |
Figures as at 19 February 2010
Source: Australia Bureau of Statistics, RBA |
|
2009-10 BUDGET MYEFO FIGURES |
| |
2008-09 |
% of GDP |
2009-10 |
% of GDP |
Fiscal balance |
-$32.9bn |
-2.7% |
-$54.4bn |
-4.5% |
Underlying cash balance |
-$32.1bn |
-2.7% |
-$57.7bn |
-4.7% |
Revenue† |
$295.9bn |
24.7% |
$291.8bn |
24.0% |
Expenditure† |
$324.4bn |
27.1% |
$340.2bn |
28.0% |
TREASURY FORECASTS |
|
2008-09
outcomes |
2009-10 forecasts |
2010-11 forecasts |
Economic growth |
1.0% |
1.5% |
2.75% |
Household consumption |
1.4% |
0.75% |
2.75% |
Business investment |
6.7% |
-6.5% |
5.5% |
Inflation (CPI) |
1.5% |
2.25% |
2.25% |
Wage price index |
3.8% |
3.25% |
3.5% |
Unemployment Rate |
5.7% |
6.75% |
6.5% |
Participation Rate |
65.4% |
65% |
65% |
Employment growth |
0.1% |
0.25% |
1.5% |
Current account
(% GDP) |
-3.2% |
-5.75% |
-5.25% |
Terms of trade |
7.6% |
-9.25% |
3.5% |
Exports |
1.8% |
1.5% |
4.5% |
Imports |
-2.5% |
2.5% |
8% |
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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