Annual Macroeconomic Snapshot • 2010s
The Australian Economy in 2010
In 2010, Australia’s Estimated Resident Population stood at 22,172,469, real GDP growth averaged 2.4%, annual CPI inflation averaged 2.9% and the unemployment rate averaged 5.2%.
- • The RBA overnight/target cash rate ended 2010 at 4.75%, while 10-year Australian Government bond yields averaged 5.37%.
- • The Australian Dollar averaged US$0.9200 against the US Dollar during 2010.
2010 Economic Indicators at a Glance
% p.a.
Rank #52 of 104 yrs
Inflation (CPI) in 2010
2.9% Long-run avg: 4.0%
+1.1 pp %
Rank #37 of 77 yrs
Unemployment Rate in 2010
5.2% Long-run avg: 4.8%
-0.4 pp % p.a.
Rank #53 of 77 yrs
Real GDP Growth in 2010
2.4% Long-run avg: 3.4%
+0.5 pp Persons
Rank #17 of 126 yrs
Population in 2010
22.17M Long-run avg: 12,689,752
+306,846 % p.a.
Rank #76 of 125 yrs
Population Growth in 2010
1.40% Long-run avg: 1.61%
-0.42 pp % p.a.
Rank #40 of 78 yrs
10-Year Bond Yield in 2010
5.37% Long-run avg: 6.63%
+0.33 pp % p.a.
Rank #30 of 51 yrs
RBA Cash Rate in 2010
4.75% Long-run avg: 6.48%
+1.01 pp US$ per A$1
Rank #27 of 67 yrs
AUD/USD Exchange Rate in 2010
US$0.9200 Long-run avg: US$0.8921
+0.1282 % of disposable income
Rank #45 of 68 yrs
Household Saving Ratio in 2010
6.0% Long-run avg: 9.0%
-0.6 pp % of GDP
Rank #15 of 68 yrs
Trade Balance (% GDP) in 2010
0.4% Long-run avg: -0.5%
+1.0 pp '000 dwellings / month
Rank #19 of 62 yrs
Dwelling Approvals in 2010
167.6k Long-run avg: 152.7
+26.6 % p.a.
Rank #12 of 29 yrs
Wage Growth (WPI) in 2010
3.4% Long-run avg: 3.1%
0.0 pp 2010 in Context: Preceding & Following Years (2005–2015)
10-year window around 2010 showing how key indicators evolved before and after