Annual Macroeconomic Snapshot • 1990s
The Australian Economy in 1995
In 1995, Australia’s Estimated Resident Population stood at 18,119,616, real GDP growth averaged 3.0%, annual CPI inflation averaged 4.6% and the unemployment rate averaged 8.5%.
- • The RBA overnight/target cash rate ended 1995 at 7.50%, while 10-year Australian Government bond yields averaged 9.21%.
- • The Australian Dollar averaged US$0.7413 against the US Dollar during 1995.
1995 Economic Indicators at a Glance
% p.a.
Rank #30 of 104 yrs
Inflation (CPI) in 1995
4.6% Long-run avg: 4.0%
+2.7 pp %
Rank #7 of 77 yrs
Unemployment Rate in 1995
8.5% Long-run avg: 4.8%
-1.2 pp % p.a.
Rank #39 of 77 yrs
Real GDP Growth in 1995
3.0% Long-run avg: 3.4%
-1.9 pp Persons
Rank #32 of 126 yrs
Population in 1995
18.12M Long-run avg: 12,689,752
+226,183 % p.a.
Rank #85 of 125 yrs
Population Growth in 1995
1.26% Long-run avg: 1.61%
+0.28 pp % p.a.
Rank #18 of 78 yrs
10-Year Bond Yield in 1995
9.21% Long-run avg: 6.63%
+0.17 pp % p.a.
Rank #15 of 51 yrs
RBA Cash Rate in 1995
7.50% Long-run avg: 6.48%
+0.45 pp US$ per A$1
Rank #47 of 67 yrs
AUD/USD Exchange Rate in 1995
US$0.7413 Long-run avg: US$0.8921
+0.0102 % of disposable income
Rank #55 of 68 yrs
Household Saving Ratio in 1995
4.3% Long-run avg: 9.0%
-1.6 pp % of GDP
Rank #47 of 68 yrs
Trade Balance (% GDP) in 1995
-1.4% Long-run avg: -0.5%
-0.2 pp '000 dwellings / month
Rank #44 of 62 yrs
Dwelling Approvals in 1995
131.7k Long-run avg: 152.7
-53.2 % p.a.
Wage Growth (WPI) in 1995
N/A Series commenced later
1995 in Context: Preceding & Following Years (1990–2000)
10-year window around 1995 showing how key indicators evolved before and after