Australian Economy Snapshot

Released on 14 July 2017 (Data updated to 4 July 2017)

 

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Australian Economy Annual Economic Growth Rate currently at 1.7%

Australian economy annual inflation rate currently at 2.1 per cent

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

Australian dollar's value against the US dollar is 0.7608

Australia's Population is 24.4 million, 1.6% annual growth

Australia's unemployment rate is 5.5 per cent. Employment at 12 million

Average weekly earnings of $1,164 Household saving ratio is 4.7%

Average price of residential dwellings in Australia is $669,700

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%.