Annual Macroeconomic Snapshot • 1950s
The Australian Economy in 1958
In 1958, Australia’s Estimated Resident Population stood at 9,947,358, real GDP growth averaged 2.1%, annual CPI inflation averaged 1.1% and the unemployment rate averaged 1.7%.
- • The 10-year Commonwealth Government bond yield averaged 4.88% in 1958 (prior to the modern RBA Cash Rate Target series).
1958 Economic Indicators at a Glance
% p.a.
Rank #88 of 104 yrs
Inflation (CPI) in 1958
1.1% Long-run avg: 4.0%
-1.6 pp %
Rank #59 of 77 yrs
Unemployment Rate in 1958
1.7% Long-run avg: 4.8%
+0.4 pp % p.a.
Rank #59 of 77 yrs
Real GDP Growth in 1958
2.1% Long-run avg: 3.4%
+0.1 pp Persons
Rank #69 of 126 yrs
Population in 1958
9.95M Long-run avg: 12,689,752
+203,271 % p.a.
Rank #26 of 125 yrs
Population Growth in 1958
2.09% Long-run avg: 1.61%
-0.15 pp % p.a.
Rank #52 of 78 yrs
10-Year Bond Yield in 1958
4.88% Long-run avg: 6.63%
+0.03 pp % p.a.
RBA Cash Rate in 1958
N/A Series commenced later
US$ per A$1
AUD/USD Exchange Rate in 1958
N/A Series commenced later
% of disposable income
Household Saving Ratio in 1958
N/A Series commenced later
% of GDP
Trade Balance (% GDP) in 1958
N/A Series commenced later
'000 dwellings / month
Dwelling Approvals in 1958
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1958
N/A Series commenced later
1958 in Context: Preceding & Following Years (1953–1963)
10-year window around 1958 showing how key indicators evolved before and after