Australian Economy Snapshot

Released on 8 March 2017 (Data updated to 7 March 2017)

 

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Australian Economy Annual Economic Growth Rate currently at 2.4%

Australian economy annual inflation rate currently at 1.5 per cent

The Reserve Bank of Australia's official cash rate currently is 1.5%

Australian dollar's value against the US dollar is 0.7620

Australia's Population is 24.1 million, 1.4% annual growth

Australia's unemployment rate is 5.7 per cent. Employment at 12 million

Average weekly earnings of $1,164 Household saving ratio is 5.2%

Average price of residential dwellings in Australia is $631,000

The key sectors that contribute to economic output are Services 59%, Construction 9%, Mining 6%, Manufacturing 7%, Retail Trade 5%.

The key sectors that contribute to economic output are Services 59%, Construction 9%, Mining 6%, Manufacturing 7%, Retail Trade 5%.