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RBA Glossary definition for year-average growth

year-average growth – The rate of change between the year and the previous year, where the year is typically a calendar year or a financial year. For example 'year-average growth 2011/12' means the percentage change between the financial year 2010/11 and the financial year 2011/12. It can also be referred to as 'growth in the year'.

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The International Environment

6 May 2022 SMP – May 2022
Year-average GDP growth is forecast to be about percentage point short of the ‘around 5.5 per cent’ GDP growth target announced by policymakers in March. ... Overall, growth in Australia's major trading partners in 2022 and 2023 is forecast to be
https://www.rba.gov.au/publications/smp/2022/may/the-international-environment.html

How Risky is Australian Household Debt?

25 Aug 2020 RDP 2020-05
Jonathan Kearns, Mike Major and David Norman
it may be related to the pace of growth in the DTI ratio, not its level). ... 0.960. 0.729. 0.838. Income growth expectations. 0.042. Unemployment rate. 0.005. 0.022.
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html
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Economic Outlook

9 Feb 2023 SMP - February 2023 PDF 620KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/05-economic-outlook.pdf

The International Environment

5 Nov 2021 SMP – November 2021
Year-average MTP growth is expected to be strong in 2021 and 2022 (6 per cent and 5 per cent, respectively) (Graph 1.15). ... The central assumption in the global outlook is that labour supply and production capacity lift over the coming year,
https://www.rba.gov.au/publications/smp/2021/nov/the-international-environment.html

Statement on Monetary Policy

10 Feb 2004 Bulletin – February 2004
Overall, the growth of the economy has been driven by well-above-average growth in domestic spending, while the main factors that were holding back growth, particularly in the period up ... Table 1: World GDP Growth. Year-average, per cent. 2002. 2003.
https://www.rba.gov.au/publications/bulletin/2004/feb/1.html

Domestic Economic Conditions

10 Aug 2018 SMP – August 2018
Over the year to the March quarter, income rose by 2.8 per cent, although it remains below its 20-year average of around 6 per cent (Graph 2.13). ... Graph 2.26. Overall, the range of labour demand indicators points to above-average growth in labour
https://www.rba.gov.au/publications/smp/2018/aug/domestic-economic-conditions.html

Box B: The Slowing in Wage Growth

8 Aug 2013 SMP – August 2013 PDF 739KB
https://www.rba.gov.au/publications/smp/2013/aug/pdf/box-b.pdf

Statement on Monetary Policy

6 Dec 2023 SMP - August 2023 PDF 9542KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/statement-on-monetary-policy-2023-08.pdf

Economic Outlook

5 Aug 2022 SMP – August 2022
Growth in Australia's major trading partners is expected to fall well below the pre-pandemic average this year, in part because measures to suppress China's COVID-19 outbreak have ... n/a). Year-average. 2021/22. 2022. 2022/23. 2023. 2023/24. 2024. GDP
https://www.rba.gov.au/publications/smp/2022/aug/economic-outlook.html

List of tables

10 Feb 2008 SMP – February 2008
Year-average percentage change. (a). 2006. 2007. 2008. estimates. IMF forecasts. (d). ... Employment growth. Unemployment rate. Year to December 2007. December 2006. December 2007.
https://www.rba.gov.au/publications/smp/2008/feb/tables.html