Annual Macroeconomic Snapshot • 1960s
The Australian Economy in 1965
In 1965, Australia’s Estimated Resident Population stood at 11,505,408, real GDP growth averaged 5.1%, annual CPI inflation averaged 3.8% and the unemployment rate averaged 1.2%.
- • The 10-year Commonwealth Government bond yield averaged 5.17% in 1965 (prior to the modern RBA Cash Rate Target series).
- • The Australian Dollar averaged US$1.1200 against the US Dollar during 1965.
1965 Economic Indicators at a Glance
% p.a.
Rank #38 of 104 yrs
Inflation (CPI) in 1965
3.8% Long-run avg: 4.0%
+1.3 pp %
Rank #69 of 77 yrs
Unemployment Rate in 1965
1.2% Long-run avg: 4.8%
0.0 pp % p.a.
Rank #15 of 77 yrs
Real GDP Growth in 1965
5.1% Long-run avg: 3.4%
-1.0 pp Persons
Rank #62 of 126 yrs
Population in 1965
11.51M Long-run avg: 12,689,752
+224,979 % p.a.
Rank #34 of 125 yrs
Population Growth in 1965
1.99% Long-run avg: 1.61%
-0.04 pp % p.a.
Rank #45 of 78 yrs
10-Year Bond Yield in 1965
5.17% Long-run avg: 6.63%
+0.02 pp % p.a.
RBA Cash Rate in 1965
N/A Series commenced later
US$ per A$1
Rank #10 of 67 yrs
AUD/USD Exchange Rate in 1965
US$1.1200 Long-run avg: US$0.8921
0.0000 % of disposable income
Rank #27 of 68 yrs
Household Saving Ratio in 1965
12.7% Long-run avg: 9.0%
-1.3 pp % of GDP
Rank #65 of 68 yrs
Trade Balance (% GDP) in 1965
-2.7% Long-run avg: -0.5%
-2.1 pp '000 dwellings / month
Rank #62 of 62 yrs
Dwelling Approvals in 1965
99.0k Long-run avg: 152.7
% p.a.
Wage Growth (WPI) in 1965
N/A Series commenced later
1965 in Context: Preceding & Following Years (1960–1970)
10-year window around 1965 showing how key indicators evolved before and after