Lifespan has provided these Economic Indicators to offer you a summary of key economic and market data.
This information provides you with an overview of how vital indicators have gone in the past and through graphical representations, how they have tracked over the longer term, in this way giving you an impression of longer term trends. The information shows you how things have performed up until now – they do not attempt to tell you what may transpire in the future. If you have any questions on the information provided please talk to your adviser or contact Lifespan direct.
Interest rates decisions are taken by the Reserve Bank of Australia’s Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries.
In Australia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.
AUD Exchange Rate
The AUD spot exchange rate specifies how much one Australian Dollar (AUD), is currently worth in terms of the other, the US Dollar (USD).
Gross Domestic Product
The gross domestic product (GDP) measures of national income and output for a given country’s economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
The unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Housing Price Index
House Price Index measures weighted average of price movements for residential properties for eight capital cities: Sydney, Melbourne, Brisbane, Adelaide, Canberra, Hobart, Darwin and Perth.
Bank Lending Rate
Bank Lending Rate in Australia increased to 8.65 percent in April from 8.60 percent in March of 2017. Bank Lending Rate in Australia averaged 11.30 percent from 1976 until 2017, reaching an all time high of 20.50 percent in September of 1989 and a record low of 8.10 percent in January of 2002.
Australian Household Savings Ratio
Household Saving Rate in Australia decreased to 5.20 percent in the fourth quarter of 2016 from 6.30 percent in the third quarter of 2016. Personal Savings in Australia averaged 9.98 percent from 1959 until 2016, reaching an all time high of 20.60 percent in the third quarter of 1973 and a record low of -0.70 percent in the fourth quarter of 2002.
All charting in our economic indicators pages are supplied by Trading Economics. Trading Economics provides its users with accurate information for 196 countries including historical data for more than 300.000 economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices. Their data is based on official sources, not third party data providers, and their facts are regularly checked for inconsistencies. Lifespan makes no representation as to the accuracy and timeliness of the data, all enquiries should be directed to Trading Economics.