Annual Macroeconomic Snapshot • 1950s
The Australian Economy in 1950
In 1950, Australia’s Estimated Resident Population stood at 8,307,481, real GDP growth averaged 7.9%, annual CPI inflation averaged 9.1% and the unemployment rate averaged 0.4%.
- • The 10-year Commonwealth Government bond yield averaged 3.53% in 1950 (prior to the modern RBA Cash Rate Target series).
1950 Economic Indicators at a Glance
% p.a.
Rank #12 of 104 yrs
Inflation (CPI) in 1950
9.1% Long-run avg: 4.0%
+0.1 pp %
Rank #76 of 77 yrs
Unemployment Rate in 1950
0.4% Long-run avg: 4.8%
% p.a.
Rank #1 of 77 yrs
Real GDP Growth in 1950
7.9% Long-run avg: 3.4%
Persons
Rank #77 of 126 yrs
Population in 1950
8.31M Long-run avg: 12,689,752
+261,911 % p.a.
Rank #5 of 125 yrs
Population Growth in 1950
3.26% Long-run avg: 1.61%
+0.01 pp % p.a.
Rank #68 of 78 yrs
10-Year Bond Yield in 1950
3.53% Long-run avg: 6.63%
+0.34 pp % p.a.
RBA Cash Rate in 1950
N/A Series commenced later
US$ per A$1
AUD/USD Exchange Rate in 1950
N/A Series commenced later
% of disposable income
Household Saving Ratio in 1950
N/A Series commenced later
% of GDP
Trade Balance (% GDP) in 1950
N/A Series commenced later
'000 dwellings / month
Dwelling Approvals in 1950
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1950
N/A Series commenced later
1950 in Context: Preceding & Following Years (1950–1955)
10-year window around 1950 showing how key indicators evolved before and after
Population →
Persons