KEY AUSTRALIAN INDICATORS |
|
Latest |
Date |
12 months ago |
Economic growth |
4.4% |
Mar 08 |
2.7% |
Unemployment |
4.3% |
May 08 |
4.3% |
Participation rate |
65.2% |
May 08 |
65.0% |
Inflation (CPI) |
4.2% |
Mar 08 |
2.4% |
Underlying Inflation |
4.1% |
Mar 08 |
2.7% |
Wage price index |
+4.1% |
Mar 08 |
+4.0% |
Household savings |
+1.3% |
Mar 08 |
-0.2% |
RBA cash rate |
7.25% |
Jul 08 |
6.25% |
EXTERNAL ACCOUNTS |
|
Latest |
Date |
12 months ago |
Current account |
-$70.3bn |
Mar 08 |
-$57.1bn |
CAD (% of GDP) |
-6.4% |
Mar 08 |
-5.6% |
Balance on goods and services |
-$23.1bn |
Mar 08 |
-$11.5bn |
Exports |
$228.6bn |
May 08 |
$216.1bn |
Imports |
$250.3bn |
May 08 |
$227.2bn |
Net foreign debt |
$616.1bn |
Mar 08 |
$537.9bn |
Net foreign debt
(% of GDP) |
55.7% |
Mar 08 |
52.5% |
Net foreign equity |
$113.4bn |
Mar 08 |
$91.7bn |
Terms of trade |
109.2 |
Mar 08 |
108.0 |
Trade weighted index |
72.8 |
May 08 |
67.0 |
Figures as at 8 July 2008
Source: Australia Bureau of Statistics, RBA |
|
2008-09 BUDGET FIGURES |
| |
2007-08 |
% of GDP |
2008-09 |
% of GDP |
Fiscal balance |
$20.4bn |
1.8% |
$23.1bn |
1.9% |
Underlying cash balance |
$16.8bn |
1.5% |
$21.7bn |
1.8% |
Revenue† |
$303.8bn |
26.9% |
$319.5bn |
25.9% |
Expenditure† |
$280.6bn |
24.9% |
$292.5bn |
23.8% |
TREASURY FORECASTS |
|
2006-07
outcomes |
2007-08
estimates |
2008-09
forecasts |
Economic growth |
3.2% |
3.25% |
2.75% |
Household consumption |
3.6% |
4.25% |
2.75% |
Business investment |
6.7% |
9.5% |
8.5% |
Inflation (CPI) |
2.1% |
4.0% |
3.5% |
Wage price index |
4.0% |
4.25% |
4.25% |
Unemployment Rate |
4.5% |
4.25% |
4.5% |
Participation Rate |
64.8% |
65.25% |
65.25% |
Employment growth |
2.7% |
2.5% |
1.25% |
Current account
(% GDP) |
-5.6% |
-6.25% |
-5.0% |
Terms of trade |
6.7% |
4.75% |
16.0% |
Exports |
3.8% |
3.0% |
6.0% |
Imports |
8.9% |
11.0% |
9.0% |
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.
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