Annual Macroeconomic Snapshot • 2010s
The Australian Economy in 2012
In 2012, Australia’s Estimated Resident Population stood at 22,928,023, real GDP growth averaged 3.8%, annual CPI inflation averaged 1.7% and the unemployment rate averaged 5.2%.
- • The RBA overnight/target cash rate ended 2012 at 3.03%, while 10-year Australian Government bond yields averaged 3.38%.
- • The Australian Dollar averaged US$1.0359 against the US Dollar during 2012.
2012 Economic Indicators at a Glance
% p.a.
Rank #81 of 104 yrs
Inflation (CPI) in 2012
1.7% Long-run avg: 4.0%
-1.7 pp %
Rank #37 of 77 yrs
Unemployment Rate in 2012
5.2% Long-run avg: 4.8%
+0.1 pp % p.a.
Rank #36 of 77 yrs
Real GDP Growth in 2012
3.8% Long-run avg: 3.4%
+1.0 pp Persons
Rank #15 of 126 yrs
Population in 2012
22.93M Long-run avg: 12,689,752
+405,826 % p.a.
Rank #43 of 125 yrs
Population Growth in 2012
1.80% Long-run avg: 1.61%
+0.22 pp % p.a.
Rank #69 of 78 yrs
10-Year Bond Yield in 2012
3.38% Long-run avg: 6.63%
-1.50 pp % p.a.
Rank #42 of 51 yrs
RBA Cash Rate in 2012
3.03% Long-run avg: 6.48%
-1.27 pp US$ per A$1
Rank #23 of 67 yrs
AUD/USD Exchange Rate in 2012
US$1.0359 Long-run avg: US$0.8921
+0.0035 % of disposable income
Rank #43 of 68 yrs
Household Saving Ratio in 2012
6.4% Long-run avg: 9.0%
-1.7 pp % of GDP
Rank #49 of 68 yrs
Trade Balance (% GDP) in 2012
-1.5% Long-run avg: -0.5%
-2.4 pp '000 dwellings / month
Rank #24 of 62 yrs
Dwelling Approvals in 2012
155.3k Long-run avg: 152.7
+4.7 % p.a.
Rank #8 of 29 yrs
Wage Growth (WPI) in 2012
3.6% Long-run avg: 3.1%
-0.1 pp 2012 in Context: Preceding & Following Years (2007–2017)
10-year window around 2012 showing how key indicators evolved before and after