Annual Macroeconomic Snapshot • 1950s
The Australian Economy in 1954
In 1954, Australia’s Estimated Resident Population stood at 9,089,936, real GDP growth averaged 6.3%, annual CPI inflation averaged 0.8% and the unemployment rate averaged 0.6%.
- • The 10-year Commonwealth Government bond yield averaged 4.57% in 1954 (prior to the modern RBA Cash Rate Target series).
1954 Economic Indicators at a Glance
% p.a.
Rank #91 of 104 yrs
Inflation (CPI) in 1954
0.8% Long-run avg: 4.0%
-3.6 pp %
Rank #74 of 77 yrs
Unemployment Rate in 1954
0.6% Long-run avg: 4.8%
-0.9 pp % p.a.
Rank #7 of 77 yrs
Real GDP Growth in 1954
6.3% Long-run avg: 3.4%
+7.2 pp Persons
Rank #73 of 126 yrs
Population in 1954
9.09M Long-run avg: 12,689,752
+187,250 % p.a.
Rank #25 of 125 yrs
Population Growth in 1954
2.10% Long-run avg: 1.61%
+0.23 pp % p.a.
Rank #59 of 78 yrs
10-Year Bond Yield in 1954
4.57% Long-run avg: 6.63%
+0.11 pp % p.a.
RBA Cash Rate in 1954
N/A Series commenced later
US$ per A$1
AUD/USD Exchange Rate in 1954
N/A Series commenced later
% of disposable income
Household Saving Ratio in 1954
N/A Series commenced later
% of GDP
Trade Balance (% GDP) in 1954
N/A Series commenced later
'000 dwellings / month
Dwelling Approvals in 1954
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1954
N/A Series commenced later
1954 in Context: Preceding & Following Years (1950–1959)
10-year window around 1954 showing how key indicators evolved before and after