KEY AUSTRALIAN INDICATORS |
|
Latest |
Date |
12 months ago |
Economic growth |
1.0% |
Sep 11 |
0.3% |
Unemployment |
5.2% |
Dec '11 |
4.9% |
Participation rate |
65.2% |
Dec '11 |
65.8% |
Inflation (CPI) |
3.5% |
Sep '11 |
2.8% |
Underlying inflation |
2.5% |
Sep '11 |
2.7% |
Wage price index |
+3.6% |
Sep '11 |
+3.5% |
Household
savings ratio |
+10.1% |
Sep '11 |
+9.3% |
RBA cash rate |
4.25% |
Jan '11 |
4.75% |
EXTERNAL ACCOUNTS |
|
Latest |
Date |
12 months ago |
Current account |
-$5.6bn |
Sep '11 |
-$7.2bn |
CAD (% of GDP) |
-1.5% |
Sep '11 |
-2.1% |
Balance on goods and services |
+$6.8bn |
Sep '11 |
+$6.0bn |
BOGS (% of GDP) |
+1.9% |
Sep '11 |
+1.7% |
Primary income
(% of GDP) |
-3.4% |
Sep '11 |
-3.8% |
Net foreign liabilities
(% of GDP) |
59.6% |
Sep '11 |
59.1% |
Net foreign debt
(% of GDP) |
52.1% |
Sep '11 |
51.0% |
Net foreign equity
(% of GDP) |
7.6% |
Sep '11 |
8.0% |
Terms of trade
(2008-09=100) |
131.5 |
Sep '11 |
116.2 |
Trade weighted index |
75.8 |
Dec '11 |
75.8 |
Figures as at 24 January 2012
Source: Australia Bureau of Statistics, RBA |
|
2011-12 Budget figures |
| |
2011-12 |
% of GDP |
2012-13 |
% of GDP |
Fiscal balance |
-$20.3bn |
-1.4% |
+$4.0bn |
+0.3% |
Underlying cash balance |
-$22.6bn |
-1.5% |
+$3.5bn |
+0.2% |
Revenue† |
$350.0bn |
23.7% |
$383.1bn |
24.6% |
Expenditure† |
$365.8bn |
24.8% |
$380.5bn |
24.4% |
TREASURY FORECASTS |
|
2010-11
forecasts |
2011-12 forecasts |
2012-13 forecasts |
Economic growth |
2.25% |
4.0% |
3.75% |
Household consumption |
3.0% |
3.5% |
3.5% |
Business investment |
4.5% |
16.0% |
14.5% |
Inflation (CPI) |
3.25% |
2.75% |
3.0% |
Wage price index |
4.0% |
4.0% |
4.0% |
Unemployment Rate |
5.0% |
4.75% |
4.5% |
Participation Rate |
66.0% |
66.0% |
66.0% |
Employment growth |
2.75% |
1.75% |
1.75% |
Current account
(% GDP) |
-2.0% |
-4.0% |
-5.25% |
Terms of trade |
19.25% |
-0.25% |
-3.0% |
Exports |
4.0% |
6.5% |
5.5% |
Imports |
9.0% |
10.5% |
8.5% |
Source: 2011-12 Commonwealth 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.
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