Annual Macroeconomic Snapshot • 2000s
The Australian Economy in 2006
In 2006, Australia’s Estimated Resident Population stood at 20,627,547, real GDP growth averaged 2.6%, annual CPI inflation averaged 3.5% and the unemployment rate averaged 4.8%.
- • The RBA overnight/target cash rate ended 2006 at 6.25%, while 10-year Australian Government bond yields averaged 5.59%.
- • The Australian Dollar averaged US$0.7534 against the US Dollar during 2006.
2006 Economic Indicators at a Glance
% p.a.
Rank #44 of 104 yrs
Inflation (CPI) in 2006
3.5% Long-run avg: 4.0%
+0.8 pp %
Rank #43 of 77 yrs
Unemployment Rate in 2006
4.8% Long-run avg: 4.8%
-0.2 pp % p.a.
Rank #48 of 77 yrs
Real GDP Growth in 2006
2.6% Long-run avg: 3.4%
-0.4 pp Persons
Rank #21 of 126 yrs
Population in 2006
20.63M Long-run avg: 12,689,752
+316,004 % p.a.
Rank #60 of 125 yrs
Population Growth in 2006
1.56% Long-run avg: 1.61%
+0.24 pp % p.a.
Rank #36 of 78 yrs
10-Year Bond Yield in 2006
5.59% Long-run avg: 6.63%
+0.25 pp % p.a.
Rank #19 of 51 yrs
RBA Cash Rate in 2006
6.25% Long-run avg: 6.48%
+0.75 pp US$ per A$1
Rank #41 of 67 yrs
AUD/USD Exchange Rate in 2006
US$0.7534 Long-run avg: US$0.8921
-0.0089 % of disposable income
Rank #67 of 68 yrs
Household Saving Ratio in 2006
-0.7% Long-run avg: 9.0%
-1.2 pp % of GDP
Rank #50 of 68 yrs
Trade Balance (% GDP) in 2006
-1.6% Long-run avg: -0.5%
+0.5 pp '000 dwellings / month
Rank #28 of 62 yrs
Dwelling Approvals in 2006
152.0k Long-run avg: 152.7
-2.6 % p.a.
Rank #2 of 29 yrs
Wage Growth (WPI) in 2006
4.1% Long-run avg: 3.1%
+0.1 pp 2006 in Context: Preceding & Following Years (2001–2011)
10-year window around 2006 showing how key indicators evolved before and after