Annual Macroeconomic Snapshot • 2000s
The Australian Economy in 2001
In 2001, Australia’s Estimated Resident Population stood at 19,386,461, real GDP growth averaged 2.6%, annual CPI inflation averaged 4.4% and the unemployment rate averaged 6.8%.
- • The RBA overnight/target cash rate ended 2001 at 4.28%, while 10-year Australian Government bond yields averaged 5.62%.
- • The Australian Dollar averaged US$0.5173 against the US Dollar during 2001.
2001 Economic Indicators at a Glance
% p.a.
Rank #31 of 104 yrs
Inflation (CPI) in 2001
4.4% Long-run avg: 4.0%
0.0 pp %
Rank #18 of 77 yrs
Unemployment Rate in 2001
6.8% Long-run avg: 4.8%
+0.5 pp % p.a.
Rank #48 of 77 yrs
Real GDP Growth in 2001
2.6% Long-run avg: 3.4%
-0.5 pp Persons
Rank #26 of 126 yrs
Population in 2001
19.39M Long-run avg: 12,689,752
+245,425 % p.a.
Rank #82 of 125 yrs
Population Growth in 2001
1.28% Long-run avg: 1.61%
+0.11 pp % p.a.
Rank #35 of 78 yrs
10-Year Bond Yield in 2001
5.62% Long-run avg: 6.63%
-0.69 pp % p.a.
Rank #38 of 51 yrs
RBA Cash Rate in 2001
4.28% Long-run avg: 6.48%
-1.97 pp US$ per A$1
Rank #67 of 67 yrs
AUD/USD Exchange Rate in 2001
US$0.5173 Long-run avg: US$0.8921
-0.0646 % of disposable income
Rank #58 of 68 yrs
Household Saving Ratio in 2001
2.8% Long-run avg: 9.0%
+1.8 pp % of GDP
Rank #13 of 68 yrs
Trade Balance (% GDP) in 2001
0.5% Long-run avg: -0.5%
+1.7 pp '000 dwellings / month
Rank #32 of 62 yrs
Dwelling Approvals in 2001
146.3k Long-run avg: 152.7
+6.7 % p.a.
Rank #8 of 29 yrs
Wage Growth (WPI) in 2001
3.6% Long-run avg: 3.1%
+0.5 pp 2001 in Context: Preceding & Following Years (1996–2006)
10-year window around 2001 showing how key indicators evolved before and after