Annual Macroeconomic Snapshot • 2000s
The Australian Economy in 2005
In 2005, Australia’s Estimated Resident Population stood at 20,311,543, real GDP growth averaged 3.0%, annual CPI inflation averaged 2.7% and the unemployment rate averaged 5.0%.
- • The RBA overnight/target cash rate ended 2005 at 5.50%, while 10-year Australian Government bond yields averaged 5.34%.
- • The Australian Dollar averaged US$0.7623 against the US Dollar during 2005.
2005 Economic Indicators at a Glance
% p.a.
Rank #57 of 104 yrs
Inflation (CPI) in 2005
2.7% Long-run avg: 4.0%
+0.3 pp %
Rank #42 of 77 yrs
Unemployment Rate in 2005
5.0% Long-run avg: 4.8%
-0.4 pp % p.a.
Rank #39 of 77 yrs
Real GDP Growth in 2005
3.0% Long-run avg: 3.4%
-1.1 pp Persons
Rank #22 of 126 yrs
Population in 2005
20.31M Long-run avg: 12,689,752
+265,540 % p.a.
Rank #79 of 125 yrs
Population Growth in 2005
1.32% Long-run avg: 1.61%
+0.22 pp % p.a.
Rank #44 of 78 yrs
10-Year Bond Yield in 2005
5.34% Long-run avg: 6.63%
-0.25 pp % p.a.
Rank #23 of 51 yrs
RBA Cash Rate in 2005
5.50% Long-run avg: 6.48%
+0.25 pp US$ per A$1
Rank #40 of 67 yrs
AUD/USD Exchange Rate in 2005
US$0.7623 Long-run avg: US$0.8921
+0.0258 % of disposable income
Rank #62 of 68 yrs
Household Saving Ratio in 2005
0.5% Long-run avg: 9.0%
+1.1 pp % of GDP
Rank #54 of 68 yrs
Trade Balance (% GDP) in 2005
-2.1% Long-run avg: -0.5%
+0.8 pp '000 dwellings / month
Rank #26 of 62 yrs
Dwelling Approvals in 2005
154.6k Long-run avg: 152.7
-12.6 % p.a.
Rank #4 of 29 yrs
Wage Growth (WPI) in 2005
4.0% Long-run avg: 3.1%
+0.4 pp 2005 in Context: Preceding & Following Years (2000–2010)
10-year window around 2005 showing how key indicators evolved before and after