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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 2021 SMP – May 2021
Household consumption growth moderated, at least partly as a result of travel restrictions over Chinese New Year in the north and east (Graph 1.11). ... This has contributed to growth in total social financing slightly outpacing growth in nominal GDP in
https://www.rba.gov.au/publications/smp/2021/may/the-international-environment.html

Economic Outlook

4 Feb 2021 SMP – February 2021
1. 1. (previous). (1). (1). (1). (1). (1). (n/a). Year-average. 2020. ... As these wage freezes unwind, this will provide modest support to private sector wages growth over the year ahead, as will the strengthening labour market.
https://www.rba.gov.au/publications/smp/2021/feb/economic-outlook.html

The International Environment

4 Feb 2021 SMP – February 2021
While global growth forecasts for the coming year have increased a little relative to the November. ... Australia's major trading partners' GDP is expected to grow by 7 per cent in 2021 and by 4 per cent in 2022 in year-average terms (Graph 1.32).
https://www.rba.gov.au/publications/smp/2021/feb/the-international-environment.html

Economic Outlook

5 Nov 2020 SMP – November 2020
Economic activity in Australia's major trading partners is forecast to contract by 3 per cent in 2020 (in year-average terms) and then grow by 6 per cent in 2021 ... 1). (1). Year-average. 2019/20. 2020. 2020/21. 2021. 2021/22. 2022. GDP growth.
https://www.rba.gov.au/publications/smp/2020/nov/economic-outlook.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

7 Aug 2020 SMP – August 2020
Assuming a widespread and synchronised global resurgence in infections is avoided, GDP of Australia's major trading partners is expected to contract by around 3 per cent (in year-average terms) ... Year-average. 2019/20. 2020. 2020/21. 2021. 2021/22.
https://www.rba.gov.au/publications/smp/2020/aug/economic-outlook.html

International Economic Conditions

7 Aug 2020 SMP – August 2020
In year-average terms, the GDP of Australia's major trading partners is expected to contract by around 3 per cent in 2020, with the trough in activity in the second ... However, the recovery in consumption has lagged the recovery in industrial
https://www.rba.gov.au/publications/smp/2020/aug/international-economic-conditions.html

Economic Outlook

8 May 2020 SMP – May 2020
2). (2). Year-average. 2019. 2019/20. 2020. 2020/21. 2021. 2021/22. GDP growth. ... Graph 6.5. Wages growth is expected to be lower over the next year.
https://www.rba.gov.au/publications/smp/2020/may/economic-outlook.html

International Economic Conditions

8 May 2020 SMP – May 2020
In year-average terms, the GDP of Australia's major trading partners is expected to contract by around 3 per cent in 2020 (Graph 1.4). ... In year-average terms, the GDP of Australia's major trading partners is expected to expand by 7 to 8 per cent
https://www.rba.gov.au/publications/smp/2020/may/international-economic-conditions.html

Economic Outlook

6 Feb 2020 SMP – February 2020
Table 5.1: Output Growth and Inflation Forecasts. (a). Per cent. Year-ended. Dec 2019. ... 1). (1). (1). (2). (n/a). Year-average. 2019. 2019/20. 2020. 2020/21. 2021.
https://www.rba.gov.au/publications/smp/2020/feb/economic-outlook.html