Annual Macroeconomic Snapshot • 2000s
The Australian Economy in 2009
In 2009, Australia’s Estimated Resident Population stood at 21,865,623, real GDP growth averaged 1.9%, annual CPI inflation averaged 1.8% and the unemployment rate averaged 5.6%.
- • The RBA overnight/target cash rate ended 2009 at 3.74%, while 10-year Australian Government bond yields averaged 5.04%.
- • The Australian Dollar averaged US$0.7918 against the US Dollar during 2009.
2009 Economic Indicators at a Glance
% p.a.
Rank #77 of 104 yrs
Inflation (CPI) in 2009
1.8% Long-run avg: 4.0%
-2.6 pp %
Rank #33 of 77 yrs
Unemployment Rate in 2009
5.6% Long-run avg: 4.8%
+1.4 pp % p.a.
Rank #66 of 77 yrs
Real GDP Growth in 2009
1.9% Long-run avg: 3.4%
-0.7 pp Persons
Rank #18 of 126 yrs
Population in 2009
21.87M Long-run avg: 12,689,752
+389,998 % p.a.
Rank #42 of 125 yrs
Population Growth in 2009
1.82% Long-run avg: 1.61%
-0.37 pp % p.a.
Rank #49 of 78 yrs
10-Year Bond Yield in 2009
5.04% Long-run avg: 6.63%
-0.78 pp % p.a.
Rank #39 of 51 yrs
RBA Cash Rate in 2009
3.74% Long-run avg: 6.48%
-0.61 pp US$ per A$1
Rank #33 of 67 yrs
AUD/USD Exchange Rate in 2009
US$0.7918 Long-run avg: US$0.8921
-0.0610 % of disposable income
Rank #40 of 68 yrs
Household Saving Ratio in 2009
6.6% Long-run avg: 9.0%
+2.4 pp % of GDP
Rank #29 of 68 yrs
Trade Balance (% GDP) in 2009
-0.6% Long-run avg: -0.5%
+0.6 pp '000 dwellings / month
Rank #39 of 62 yrs
Dwelling Approvals in 2009
141.0k Long-run avg: 152.7
-4.5 % p.a.
Rank #12 of 29 yrs
Wage Growth (WPI) in 2009
3.4% Long-run avg: 3.1%
-0.8 pp 2009 in Context: Preceding & Following Years (2004–2014)
10-year window around 2009 showing how key indicators evolved before and after