Annual Macroeconomic Snapshot • 1960s
The Australian Economy in 1969
In 1969, Australia’s Estimated Resident Population stood at 12,407,217, real GDP growth averaged 6.8%, annual CPI inflation averaged 3.0% and the unemployment rate averaged 1.5%.
- • The 10-year Commonwealth Government bond yield averaged 5.84% in 1969 (prior to the modern RBA Cash Rate Target series).
- • The Australian Dollar averaged US$1.1200 against the US Dollar during 1969.
1969 Economic Indicators at a Glance
% p.a.
Rank #50 of 104 yrs
Inflation (CPI) in 1969
3.0% Long-run avg: 4.0%
+0.3 pp %
Rank #65 of 77 yrs
Unemployment Rate in 1969
1.5% Long-run avg: 4.8%
-0.1 pp % p.a.
Rank #4 of 77 yrs
Real GDP Growth in 1969
6.8% Long-run avg: 3.4%
+1.6 pp Persons
Rank #58 of 126 yrs
Population in 1969
12.41M Long-run avg: 12,689,752
+261,635 % p.a.
Rank #21 of 125 yrs
Population Growth in 1969
2.15% Long-run avg: 1.61%
+0.19 pp % p.a.
Rank #31 of 78 yrs
10-Year Bond Yield in 1969
5.84% Long-run avg: 6.63%
+0.49 pp % p.a.
RBA Cash Rate in 1969
N/A Series commenced later
US$ per A$1
Rank #10 of 67 yrs
AUD/USD Exchange Rate in 1969
US$1.1200 Long-run avg: US$0.8921
0.0000 % of disposable income
Rank #20 of 68 yrs
Household Saving Ratio in 1969
14.0% Long-run avg: 9.0%
+0.5 pp % of GDP
Rank #33 of 68 yrs
Trade Balance (% GDP) in 1969
-0.7% Long-run avg: -0.5%
+1.7 pp '000 dwellings / month
Rank #41 of 62 yrs
Dwelling Approvals in 1969
138.4k Long-run avg: 152.7
+11.0 % p.a.
Wage Growth (WPI) in 1969
N/A Series commenced later
1969 in Context: Preceding & Following Years (1964–1974)
10-year window around 1969 showing how key indicators evolved before and after