Annual Macroeconomic Snapshot • 2010s
The Australian Economy in 2013
In 2013, Australia’s Estimated Resident Population stood at 23,297,777, real GDP growth averaged 2.2%, annual CPI inflation averaged 2.5% and the unemployment rate averaged 5.7%.
- • The RBA overnight/target cash rate ended 2013 at 2.50%, while 10-year Australian Government bond yields averaged 3.72%.
- • The Australian Dollar averaged US$0.9681 against the US Dollar during 2013.
2013 Economic Indicators at a Glance
% p.a.
Rank #62 of 104 yrs
Inflation (CPI) in 2013
2.5% Long-run avg: 4.0%
+0.8 pp %
Rank #30 of 77 yrs
Unemployment Rate in 2013
5.7% Long-run avg: 4.8%
+0.5 pp % p.a.
Rank #57 of 77 yrs
Real GDP Growth in 2013
2.2% Long-run avg: 3.4%
-1.6 pp Persons
Rank #14 of 126 yrs
Population in 2013
23.30M Long-run avg: 12,689,752
+369,754 % p.a.
Rank #52 of 125 yrs
Population Growth in 2013
1.61% Long-run avg: 1.61%
-0.19 pp % p.a.
Rank #66 of 78 yrs
10-Year Bond Yield in 2013
3.72% Long-run avg: 6.63%
+0.34 pp % p.a.
Rank #43 of 51 yrs
RBA Cash Rate in 2013
2.50% Long-run avg: 6.48%
-0.53 pp US$ per A$1
Rank #26 of 67 yrs
AUD/USD Exchange Rate in 2013
US$0.9681 Long-run avg: US$0.8921
-0.0678 % of disposable income
Rank #38 of 68 yrs
Household Saving Ratio in 2013
6.7% Long-run avg: 9.0%
+0.3 pp % of GDP
Rank #33 of 68 yrs
Trade Balance (% GDP) in 2013
-0.7% Long-run avg: -0.5%
+0.8 pp '000 dwellings / month
Rank #12 of 62 yrs
Dwelling Approvals in 2013
179.7k Long-run avg: 152.7
+24.4 % p.a.
Rank #20 of 29 yrs
Wage Growth (WPI) in 2013
2.8% Long-run avg: 3.1%
-0.8 pp 2013 in Context: Preceding & Following Years (2008–2018)
10-year window around 2013 showing how key indicators evolved before and after