KEY AUSTRALIAN INDICATORS |
|
Latest |
Date |
12 months ago |
Economic growth |
0.3% |
Mar 09 |
3.1% |
Unemployment |
5.7% |
May 09 |
4.2% |
Participation rate |
65.5% |
May 09 |
65.4% |
Inflation (CPI) |
2.5% |
Mar 09 |
4.2% |
Underlying Inflation |
3.9% |
Mar 09 |
4.1% |
Wage price index |
+4.1% |
Mar 09 |
+4.1% |
Household savings |
+0.7% |
Dec 08 |
+1.7% |
RBA cash rate |
3.00% |
Apr 09 |
7.25% |
EXTERNAL ACCOUNTS |
|
Latest |
Date |
12 months ago |
Current account |
-$50.2bn |
2008 |
-$67.4bn |
CAD
(quarterly % of GDP) |
2.2% |
Dec 08 |
-6.2% |
Balance on goods and services |
-$3.8bn |
2008 |
-$19.2bn |
Exports |
$295bn |
Mar 09 |
$229bn |
Imports |
$283bn |
Mar 09 |
$250bn |
Net foreign debt |
$678.3bn |
Dec 08 |
$610.0bn |
Net foreign debt
(% of GDP) |
57.4% |
Dec 08 |
56.2% |
Net foreign equity |
$35.6bn |
Dec 08 |
$126.9bn |
Terms of trade |
118.4 |
2008 |
107.8 |
Trade weighted index |
63.3 |
May 09 |
73.8 |
Figures as at 1 June 2009
Source: Australia Bureau of Statistics, RBA |
|
2008-09 BUDGET FIGURES |
| |
2007-08 |
% of GDP |
2008-09 |
% of GDP |
Fiscal balance |
$20.4bn |
1.8% |
-$22.5bn |
-1.9% |
Underlying cash balance |
$16.8bn |
1.5% |
-$22.4bn |
-1.9% |
Revenue† |
$303.8bn |
26.9% |
$304.0bn |
25.7% |
Expenditure† |
$280.6bn |
24.9% |
$322.3bn |
27.2% |
TREASURY FORECASTS |
|
2006-07
outcomes |
2007-08
estimates |
2008-09
forecasts |
Economic growth |
3.2% |
3.25% |
1% |
Household consumption |
3.6% |
4.25% |
1.75% |
Business investment |
6.7% |
9.5% |
0.5% |
Inflation (CPI) |
2.1% |
4.0% |
2% |
Wage price index |
4.0% |
4.25% |
4% |
Unemployment Rate |
4.5% |
4.25% |
5.5% |
Participation Rate |
64.8% |
65.25% |
64.75% |
Employment growth |
2.7% |
2.5% |
1% |
Current account
(% GDP) |
-5.6% |
-6.25% |
-3.75% |
Terms of trade |
6.7% |
4.75% |
9% |
Exports |
3.8% |
3.0% |
0.5% |
Imports |
8.9% |
11.0% |
2.5% |
Source: 2008-09 Budget Paper No. 1
†Because Treasury uses complex accounting
methods, revenue and expenditure do not add up precisely
to the fiscal balance of underlying cash balance.
|
|
