Australian Economy Snapshot

Released on 3 August 2016 (Data updated to 2 August 2016)

 

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Australian Economy Annual Economic Growth Rate currently at 3.1%

Australian economy annual inflation rate currently at 1.0 per cent

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

Australian dollar's value against the US dollar is 0.7547

Australia's Population is 23.9 million, 1.4% annual growth

Australia's unemployment rate is 5.8 per cent. Employment at 11.9 million

Average weekly earnings of $1,146 Household saving ratio is 8.1 %

Average price of residential dwellings in Australia is $614,000

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%.