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

Tokenisation to change SMSF landscape

The tokenisation with regard to the ownership structure of conventional assets will have a profound impact on...

Read full article

Super viewed as mortgage solution

A high number of people plan to use super to extinguish their mortgage as more people expect to retire still...

Read full article

How to turn your annual SMSF investment strategy review into a genuine analytical exercise

Many SMSF trustees see the annual investment strategy review as a compliance obligation.   Many SMS...

Read full article

SMSF pension shortfall – when can trustees self-assess?

Few SMSF compliance issues create as much anxiety as discovering a minimum pension hasn’t been...

Read full article

CSLR levy on SMSFs unfair

The Institute of Public Accountants has criticised the government’s intention to impose a levy on SMS...

Read full article

Financial literacy in Australia: Where we’re improving (and falling behind)

How well do we understand our money?   How well do we understand our money? Most of us make...

Read full article

Five steps towards a more confident retirement

Small steps today could make a big difference to how you feel about retirement.   Small steps today...

Read full article

Check out the largest castles by country

Check out the largest fortresses by country. Only existing fortresses that stand today are...

Read full article

Heathmont Financial Services Pty Ltd (ABN 68 106 250 104) trading as Heathmont Financial Services is a Corporate Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd (ABN 74 630 256 227), Australian Financial Services Licence Number (AFSL) 513763.

Julian McGoldrick is an Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd AFSL 513763.

Financial Services Guide - Disclaimer & Privacy Policy

^