Annual Macroeconomic Snapshot • 1990s
The Australian Economy in 1992
In 1992, Australia’s Estimated Resident Population stood at 17,557,133, real GDP growth averaged 2.6%, annual CPI inflation averaged 1.0% and the unemployment rate averaged 10.7%.
- • The RBA overnight/target cash rate ended 1992 at 5.75%, while 10-year Australian Government bond yields averaged 9.22%.
- • The Australian Dollar averaged US$0.7344 against the US Dollar during 1992.
1992 Economic Indicators at a Glance
% p.a.
Rank #89 of 104 yrs
Inflation (CPI) in 1992
1.0% Long-run avg: 4.0%
-2.2 pp %
Rank #2 of 77 yrs
Unemployment Rate in 1992
10.7% Long-run avg: 4.8%
+1.1 pp % p.a.
Rank #48 of 77 yrs
Real GDP Growth in 1992
2.6% Long-run avg: 3.4%
+3.6 pp Persons
Rank #35 of 126 yrs
Population in 1992
17.56M Long-run avg: 12,689,752
+178,152 % p.a.
Rank #103 of 125 yrs
Population Growth in 1992
1.03% Long-run avg: 1.61%
-0.19 pp % p.a.
Rank #17 of 78 yrs
10-Year Bond Yield in 1992
9.22% Long-run avg: 6.63%
-1.47 pp % p.a.
Rank #22 of 51 yrs
RBA Cash Rate in 1992
5.75% Long-run avg: 6.48%
-2.75 pp US$ per A$1
Rank #49 of 67 yrs
AUD/USD Exchange Rate in 1992
US$0.7344 Long-run avg: US$0.8921
-0.0446 % of disposable income
Rank #48 of 68 yrs
Household Saving Ratio in 1992
5.8% Long-run avg: 9.0%
-0.3 pp % of GDP
Rank #22 of 68 yrs
Trade Balance (% GDP) in 1992
-0.1% Long-run avg: -0.5%
-0.4 pp '000 dwellings / month
Rank #29 of 62 yrs
Dwelling Approvals in 1992
151.5k Long-run avg: 152.7
+24.6 % p.a.
Wage Growth (WPI) in 1992
N/A Series commenced later
1992 in Context: Preceding & Following Years (1987–1997)
10-year window around 1992 showing how key indicators evolved before and after