Annual Macroeconomic Snapshot • 1970s
The Australian Economy in 1975
In 1975, Australia’s Estimated Resident Population stood at 13,968,881, real GDP growth averaged 2.0%, annual CPI inflation averaged 15.2% and the unemployment rate averaged 4.6%.
- • The 10-year Commonwealth Government bond yield averaged 9.74% in 1975 (prior to the modern RBA Cash Rate Target series).
- • The Australian Dollar averaged US$1.3091 against the US Dollar during 1975.
1975 Economic Indicators at a Glance
% p.a.
Rank #3 of 104 yrs
Inflation (CPI) in 1975
15.2% Long-run avg: 4.0%
0.0 pp %
Rank #45 of 77 yrs
Unemployment Rate in 1975
4.6% Long-run avg: 4.8%
+2.2 pp % p.a.
Rank #62 of 77 yrs
Real GDP Growth in 1975
2.0% Long-run avg: 3.4%
+0.4 pp Persons
Rank #52 of 126 yrs
Population in 1975
13.97M Long-run avg: 12,689,752
+136,903 % p.a.
Rank #106 of 125 yrs
Population Growth in 1975
0.99% Long-run avg: 1.61%
-0.61 pp % p.a.
Rank #16 of 78 yrs
10-Year Bond Yield in 1975
9.74% Long-run avg: 6.63%
+0.70 pp % p.a.
RBA Cash Rate in 1975
N/A Series commenced later
US$ per A$1
Rank #3 of 67 yrs
AUD/USD Exchange Rate in 1975
US$1.3091 Long-run avg: US$0.8921
-0.1263 % of disposable income
Rank #2 of 68 yrs
Household Saving Ratio in 1975
18.2% Long-run avg: 9.0%
+0.1 pp % of GDP
Rank #12 of 68 yrs
Trade Balance (% GDP) in 1975
0.6% Long-run avg: -0.5%
+2.2 pp '000 dwellings / month
Rank #54 of 62 yrs
Dwelling Approvals in 1975
117.2k Long-run avg: 152.7
-4.8 % p.a.
Wage Growth (WPI) in 1975
N/A Series commenced later
1975 in Context: Preceding & Following Years (1970–1980)
10-year window around 1975 showing how key indicators evolved before and after