Australian Economy Snapshot

Released on 2 November 2016 (Data updated to 1 November 2016)

 

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Australian Economy Annual Economic Growth Rate currently at 3.3%

Australian economy annual inflation rate currently at 1.3 per cent

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

Australian dollar's value against the US dollar is 0.7653

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

Australia's unemployment rate is 5.6 per cent. Employment at 12 million

Average weekly earnings of $1,161 Household saving ratio is 8.0%

Average price of residential dwellings in Australia is $623,000

The key sectors that contribute to economic output are Services 58%, Construction 9%, Mining 7%, Manufacturing 7%, Retail Trade 5%.

The key sectors that contribute to economic output are Services 58%, Construction 9%, Mining 7%, Manufacturing 7%, Retail Trade 5%.