Annual Macroeconomic Snapshot • 1950s
The Australian Economy in 1953
In 1953, Australia’s Estimated Resident Population stood at 8,902,686, real GDP growth averaged -0.9%, annual CPI inflation averaged 4.4% and the unemployment rate averaged 1.5%.
- • The 10-year Commonwealth Government bond yield averaged 4.46% in 1953 (prior to the modern RBA Cash Rate Target series).
1953 Economic Indicators at a Glance
% p.a.
Rank #31 of 104 yrs
Inflation (CPI) in 1953
4.4% Long-run avg: 4.0%
-13.3 pp %
Rank #65 of 77 yrs
Unemployment Rate in 1953
1.5% Long-run avg: 4.8%
+0.4 pp % p.a.
Rank #75 of 77 yrs
Real GDP Growth in 1953
-0.9% Long-run avg: 3.4%
-3.6 pp Persons
Rank #74 of 126 yrs
Population in 1953
8.90M Long-run avg: 12,689,752
+163,117 % p.a.
Rank #40 of 125 yrs
Population Growth in 1953
1.87% Long-run avg: 1.61%
-0.61 pp % p.a.
Rank #61 of 78 yrs
10-Year Bond Yield in 1953
4.46% Long-run avg: 6.63%
-0.04 pp % p.a.
RBA Cash Rate in 1953
N/A Series commenced later
US$ per A$1
AUD/USD Exchange Rate in 1953
N/A Series commenced later
% of disposable income
Household Saving Ratio in 1953
N/A Series commenced later
% of GDP
Trade Balance (% GDP) in 1953
N/A Series commenced later
'000 dwellings / month
Dwelling Approvals in 1953
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1953
N/A Series commenced later
1953 in Context: Preceding & Following Years (1950–1958)
10-year window around 1953 showing how key indicators evolved before and after