Annual Macroeconomic Snapshot • 1950s
The Australian Economy in 1955
In 1955, Australia’s Estimated Resident Population stood at 9,311,825, real GDP growth averaged 5.9%, annual CPI inflation averaged 2.2% and the unemployment rate averaged 0.5%.
- • The 10-year Commonwealth Government bond yield averaged 5.35% in 1955 (prior to the modern RBA Cash Rate Target series).
1955 Economic Indicators at a Glance
% p.a.
Rank #70 of 104 yrs
Inflation (CPI) in 1955
2.2% Long-run avg: 4.0%
+1.4 pp %
Rank #75 of 77 yrs
Unemployment Rate in 1955
0.5% Long-run avg: 4.8%
-0.1 pp % p.a.
Rank #11 of 77 yrs
Real GDP Growth in 1955
5.9% Long-run avg: 3.4%
-0.4 pp Persons
Rank #72 of 126 yrs
Population in 1955
9.31M Long-run avg: 12,689,752
+221,889 % p.a.
Rank #10 of 125 yrs
Population Growth in 1955
2.44% Long-run avg: 1.61%
+0.34 pp % p.a.
Rank #42 of 78 yrs
10-Year Bond Yield in 1955
5.35% Long-run avg: 6.63%
+0.78 pp % p.a.
RBA Cash Rate in 1955
N/A Series commenced later
US$ per A$1
AUD/USD Exchange Rate in 1955
N/A Series commenced later
% of disposable income
Household Saving Ratio in 1955
N/A Series commenced later
% of GDP
Trade Balance (% GDP) in 1955
N/A Series commenced later
'000 dwellings / month
Dwelling Approvals in 1955
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1955
N/A Series commenced later
1955 in Context: Preceding & Following Years (1950–1960)
10-year window around 1955 showing how key indicators evolved before and after