Australia in a nutshell

The following information is derived from ABS data.

 
     
   

 

 

Main
Features
Period
Units
Value
Change
Previous
Period
Change
Corresponding
Period Last 
Year
National Accounts  
 
Gross domestic product GDP, Chain volume measures – Trend Dec Qtr 2016
$m
421 338
0.3%
1.9%
Gross domestic product GDP, Chain volume measures – Annual 2015-16
$m
1 659 783
2.6%
na
International Accounts  
 
 
 
 
Balance on Goods and Services – Trend Feb 2017
$m
3 320
19.6%
..
Total Goods and Services Credits – Trend Feb 2017
$m
32 957
2.0%
30.9%
Total Goods and Services Debits – Trend Feb 2017
$m
29 637
0.3%
5.0%
Balance on Current Account – Trend Dec Qtr 2016
$m
-5 437
43.8%
73.7%
Net International Investment Position (IIP) – Original Dec Qtr 2016
$m
1 021 612
-1.9%
6.3%
Net Foreign Debt – Original Dec Qtr 2016
$m
1 023 055
-2.4%
0.1%
Consumption and investment
Retail turnover at current prices – Trend February 2017
$m
25726.4
0.1%
2.9%
Actual New Capital Expenditure in volume terms – Trend Dec 2016
$m
27393
-3.1%
-14.4%
Inventories held by Private Businesses, in volume terms – Trend Dec 2016
$m
155 921
0.7%
1.8%
Total new motor vehicle sales – Trend March 2017
no.
96 023
-0.3%
-2.0%
Production
Income from sales of goods and services by Manufacturers in volume terms – Trend Dec 2016
$m
81 807
-0.7%
-3.2%
Dwelling unit approvals – Trend Feb 2017
no.
17 639
0.8%
-11.5%
Building approvals -Trend Feb 2017
$m
8 725.3
-0.1%
-5.2%
Total dwelling units commenced – trend Dec 2016
no.
56 357
-1.5%
-3.1%
Building work done – Chain Volume Measures – Trend Dec 2016
$m
26 619.7
-0.6%
1.9%
Engineering construction work done – Chain Volume Measures – trend Dec 2016
$m
19 269.7
-4.7%
-22.2%
Prices  
 
 
 
 
Consumer price index (2011-12 = 100.0) – Original Mar Qtr 2017
Index no.
110.5
0.5
2.1
Producer Price Indexes, Final Demand (2011-12 = 100.0) – Original Dec Qtr 2016
Index no.
106.8
+0.5%
+0.7%
Import price index (2011-12 = 100.0) – Original Dec Qtr 2016
Index no.
102.7
0.2%
–4.6%
Export price index (2011-12 = 100.0) – Original Dec Qtr 2016
Index no.
86.0
12.4%
12.4%
Wage Price Index (2008-2009 = 100.0) – Original Dec Qtr 2016
Index no.
125.1
0.4%
2.0%
Labour Force and Demography
Employed persons – Trend Mar 2017
'000
12 033.4
0.1%
0.8%
Participation rate – Trend Mar 2017
%
64.7
0.0 pts
-0.4 pts
Unemployment rate – Trend Mar 2017
%
5.9
0.0 pts
0.0 pts
Employment to Population ratio – Trend Mar 2017
%
60.9
0.0 pts
-0.3 pts
Job Vacancies – Trend Feb 2017
'000
186.4
2.6%
9.4%
Estimated resident population – (Preliminary) Sep Qtr 2016
'000
24,220.2
0.4%
1.5%
Short-term overseas visitor arrivals – Trend (a) February 2017
'000
713.5
0.3%
7.7%
For unemployment and participation rates, the changes are given as percentage points.
Incomes
Company gross operating profits (in current price terms) – Trend Dec 2016
$m
74 291
9.3%
20.0%
Average weekly earnings, full-time adults: ordinary time – Trend Nov 2016
$
1533.10
np
2.2%
Housing Finance
Housing finance for owner occupation, dwellings financed – Trend February 2017
no.
55070
0.3%
-1.5%

 

na not available
np not published
. . not applicable or not available
(a) Data revised from July 2004 to December 2013. For information see Explanatory Note 12 & 13.

More Articles

Why crypto treads an uncertain path through tax minefield

The taxation of digital assets used for lending and borrowing would benefit from clear-sighted...

Read full article

Wheat Production by Country

Check out the countries that produce the most...

Read full article

Labor tweaks stage 3 tax cuts to make room for ‘middle Australia’

Following years of mixed messaging, Labor has bowed to economic pressure and announced changes to its stage...

Read full article

Investment and economic outlook, January 2024

Region-by-region economic outlook and latest forecasts for investment returns. . What might shipping...

Read full article

Quarterly reporting regime means communication now paramount: expert

Communication between SMSF trustees, accountants and advisers is more crucial than ever with the quarterly...

Read full article

Four timeless principles for investing success

Investing success can mean different things to different people. Being clear on what success means for you is...

Read full article

Plan now to take advantage of 5-year carry forward rule: expert

This is the last year that the five-year catch-up contribution rules for concessional contributions can be...

Read full article

Super literacy low for cash-strapped

Financial literacy around superannuation is poor for many lower-income people, who still question why they...

Read full article

Sofie Korac is an Authorised Representative (No. 400164) of Prudentia Financial Planning Pty Ltd, AFSL 544118 and a member of the Association of Financial Advisers.

Financial Advice Sydney and the North Shore Office based in Gordon NSW

Financial Services Guide - Disclaimer & Privacy Policy

^