Annual Macroeconomic Snapshot • 1960s
The Australian Economy in 1962
In 1962, Australia’s Estimated Resident Population stood at 10,846,059, real GDP growth averaged 5.4%, annual CPI inflation averaged -0.2% and the unemployment rate averaged 2.1%.
- • The 10-year Commonwealth Government bond yield averaged 4.37% in 1962 (prior to the modern RBA Cash Rate Target series).
- • The Australian Dollar averaged US$1.1200 against the US Dollar during 1962.
1962 Economic Indicators at a Glance
% p.a.
Rank #97 of 104 yrs
Inflation (CPI) in 1962
-0.2% Long-run avg: 4.0%
-2.7 pp %
Rank #56 of 77 yrs
Unemployment Rate in 1962
2.1% Long-run avg: 4.8%
-0.5 pp % p.a.
Rank #12 of 77 yrs
Real GDP Growth in 1962
5.4% Long-run avg: 3.4%
+5.4 pp Persons
Rank #65 of 126 yrs
Population in 1962
10.85M Long-run avg: 12,689,752
+203,405 % p.a.
Rank #38 of 125 yrs
Population Growth in 1962
1.91% Long-run avg: 1.61%
-0.50 pp % p.a.
Rank #62 of 78 yrs
10-Year Bond Yield in 1962
4.37% Long-run avg: 6.63%
-0.44 pp % p.a.
RBA Cash Rate in 1962
N/A Series commenced later
US$ per A$1
Rank #10 of 67 yrs
AUD/USD Exchange Rate in 1962
US$1.1200 Long-run avg: US$0.8921
0.0000 % of disposable income
Rank #18 of 68 yrs
Household Saving Ratio in 1962
14.1% Long-run avg: 9.0%
-0.3 pp % of GDP
Rank #26 of 68 yrs
Trade Balance (% GDP) in 1962
-0.3% Long-run avg: -0.5%
-0.8 pp '000 dwellings / month
Dwelling Approvals in 1962
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1962
N/A Series commenced later
1962 in Context: Preceding & Following Years (1957–1967)
10-year window around 1962 showing how key indicators evolved before and after