Annual Macroeconomic Snapshot • 1960s
The Australian Economy in 1964
In 1964, Australia’s Estimated Resident Population stood at 11,280,429, real GDP growth averaged 6.1%, annual CPI inflation averaged 2.5% and the unemployment rate averaged 1.2%.
- • The 10-year Commonwealth Government bond yield averaged 5.15% in 1964 (prior to the modern RBA Cash Rate Target series).
- • The Australian Dollar averaged US$1.1200 against the US Dollar during 1964.
1964 Economic Indicators at a Glance
% p.a.
Rank #62 of 104 yrs
Inflation (CPI) in 1964
2.5% Long-run avg: 4.0%
+2.2 pp %
Rank #69 of 77 yrs
Unemployment Rate in 1964
1.2% Long-run avg: 4.8%
-0.7 pp % p.a.
Rank #9 of 77 yrs
Real GDP Growth in 1964
6.1% Long-run avg: 3.4%
-0.1 pp Persons
Rank #63 of 126 yrs
Population in 1964
11.28M Long-run avg: 12,689,752
+224,947 % p.a.
Rank #30 of 125 yrs
Population Growth in 1964
2.03% Long-run avg: 1.61%
+0.10 pp % p.a.
Rank #46 of 78 yrs
10-Year Bond Yield in 1964
5.15% Long-run avg: 6.63%
+0.57 pp % p.a.
RBA Cash Rate in 1964
N/A Series commenced later
US$ per A$1
Rank #10 of 67 yrs
AUD/USD Exchange Rate in 1964
US$1.1200 Long-run avg: US$0.8921
0.0000 % of disposable income
Rank #20 of 68 yrs
Household Saving Ratio in 1964
14.0% Long-run avg: 9.0%
-0.8 pp % of GDP
Rank #29 of 68 yrs
Trade Balance (% GDP) in 1964
-0.6% Long-run avg: -0.5%
-1.3 pp '000 dwellings / month
Dwelling Approvals in 1964
N/A Series commenced later
% p.a.
Wage Growth (WPI) in 1964
N/A Series commenced later
1964 in Context: Preceding & Following Years (1959–1969)
10-year window around 1964 showing how key indicators evolved before and after