Annual Macroeconomic Snapshot • 1950s
The Australian Economy in 1957
In 1957, Australia’s Estimated Resident Population stood at 9,744,087, real GDP growth averaged 2.0%, annual CPI inflation averaged 2.7% and the unemployment rate averaged 1.3%.
- • The 10-year Commonwealth Government bond yield averaged 4.85% in 1957 (prior to the modern RBA Cash Rate Target series).
1957 Economic Indicators at a Glance
% p.a.
Rank #57 of 104 yrs
Inflation (CPI) in 1957
2.7% Long-run avg: 4.0%
-3.2 pp %
Rank #68 of 77 yrs
Unemployment Rate in 1957
1.3% Long-run avg: 4.8%
+0.5 pp % p.a.
Rank #62 of 77 yrs
Real GDP Growth in 1957
2.0% Long-run avg: 3.4%
-2.8 pp Persons
Rank #70 of 126 yrs
Population in 1957
9.74M Long-run avg: 12,689,752
+213,216 % p.a.
Rank #17 of 125 yrs
Population Growth in 1957
2.24% Long-run avg: 1.61%
-0.11 pp % p.a.
Rank #55 of 78 yrs
10-Year Bond Yield in 1957
4.85% Long-run avg: 6.63%
-0.23 pp % p.a.
RBA Cash Rate in 1957
N/A Series commenced later
US$ per A$1
AUD/USD Exchange Rate in 1957
N/A Series commenced later
% of disposable income
Household Saving Ratio in 1957
N/A Series commenced later
% of GDP
Trade Balance (% GDP) in 1957
N/A Series commenced later
'000 dwellings / month
Dwelling Approvals in 1957
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1957
N/A Series commenced later
1957 in Context: Preceding & Following Years (1952–1962)
10-year window around 1957 showing how key indicators evolved before and after