Annual Macroeconomic Snapshot • 1990s
The Australian Economy in 1999
In 1999, Australia’s Estimated Resident Population stood at 18,919,210, real GDP growth averaged 4.4%, annual CPI inflation averaged 1.4% and the unemployment rate averaged 6.9%.
- • The RBA overnight/target cash rate ended 1999 at 5.00%, while 10-year Australian Government bond yields averaged 6.01%.
- • The Australian Dollar averaged US$0.6454 against the US Dollar during 1999.
1999 Economic Indicators at a Glance
% p.a.
Rank #85 of 104 yrs
Inflation (CPI) in 1999
1.4% Long-run avg: 4.0%
+0.5 pp %
Rank #16 of 77 yrs
Unemployment Rate in 1999
6.9% Long-run avg: 4.8%
-0.8 pp % p.a.
Rank #24 of 77 yrs
Real GDP Growth in 1999
4.4% Long-run avg: 3.4%
-0.3 pp Persons
Rank #28 of 126 yrs
Population in 1999
18.92M Long-run avg: 12,689,752
+213,590 % p.a.
Rank #93 of 125 yrs
Population Growth in 1999
1.14% Long-run avg: 1.61%
+0.08 pp % p.a.
Rank #29 of 78 yrs
10-Year Bond Yield in 1999
6.01% Long-run avg: 6.63%
+0.52 pp % p.a.
Rank #26 of 51 yrs
RBA Cash Rate in 1999
5.00% Long-run avg: 6.48%
+0.24 pp US$ per A$1
Rank #62 of 67 yrs
AUD/USD Exchange Rate in 1999
US$0.6454 Long-run avg: US$0.8921
+0.0172 % of disposable income
Rank #62 of 68 yrs
Household Saving Ratio in 1999
0.5% Long-run avg: 9.0%
-0.8 pp % of GDP
Rank #62 of 68 yrs
Trade Balance (% GDP) in 1999
-2.6% Long-run avg: -0.5%
-0.7 pp '000 dwellings / month
Rank #21 of 62 yrs
Dwelling Approvals in 1999
165.1k Long-run avg: 152.7
+12.4 % p.a.
Rank #18 of 29 yrs
Wage Growth (WPI) in 1999
3.1% Long-run avg: 3.1%
-0.1 pp 1999 in Context: Preceding & Following Years (1994–2004)
10-year window around 1999 showing how key indicators evolved before and after