Annual Macroeconomic Snapshot • 1960s
The Australian Economy in 1963
In 1963, Australia’s Estimated Resident Population stood at 11,055,482, real GDP growth averaged 6.2%, annual CPI inflation averaged 0.3% and the unemployment rate averaged 1.9%.
- • The 10-year Commonwealth Government bond yield averaged 4.58% in 1963 (prior to the modern RBA Cash Rate Target series).
- • The Australian Dollar averaged US$1.1200 against the US Dollar during 1963.
1963 Economic Indicators at a Glance
% p.a.
Rank #94 of 104 yrs
Inflation (CPI) in 1963
0.3% Long-run avg: 4.0%
+0.5 pp %
Rank #57 of 77 yrs
Unemployment Rate in 1963
1.9% Long-run avg: 4.8%
-0.2 pp % p.a.
Rank #8 of 77 yrs
Real GDP Growth in 1963
6.2% Long-run avg: 3.4%
+0.8 pp Persons
Rank #64 of 126 yrs
Population in 1963
11.06M Long-run avg: 12,689,752
+209,423 % p.a.
Rank #37 of 125 yrs
Population Growth in 1963
1.93% Long-run avg: 1.61%
+0.02 pp % p.a.
Rank #58 of 78 yrs
10-Year Bond Yield in 1963
4.58% Long-run avg: 6.63%
+0.21 pp % p.a.
RBA Cash Rate in 1963
N/A Series commenced later
US$ per A$1
Rank #10 of 67 yrs
AUD/USD Exchange Rate in 1963
US$1.1200 Long-run avg: US$0.8921
0.0000 % of disposable income
Rank #11 of 68 yrs
Household Saving Ratio in 1963
14.8% Long-run avg: 9.0%
+0.7 pp % of GDP
Rank #11 of 68 yrs
Trade Balance (% GDP) in 1963
0.7% Long-run avg: -0.5%
+1.0 pp '000 dwellings / month
Dwelling Approvals in 1963
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1963
N/A Series commenced later
1963 in Context: Preceding & Following Years (1958–1968)
10-year window around 1963 showing how key indicators evolved before and after