Annual Macroeconomic Snapshot • 2010s
The Australian Economy in 2014
In 2014, Australia’s Estimated Resident Population stood at 23,640,331, real GDP growth averaged 2.6%, annual CPI inflation averaged 2.5% and the unemployment rate averaged 6.1%.
- • The RBA overnight/target cash rate ended 2014 at 2.50%, while 10-year Australian Government bond yields averaged 3.66%.
- • The Australian Dollar averaged US$0.9028 against the US Dollar during 2014.
2014 Economic Indicators at a Glance
% p.a.
Rank #62 of 104 yrs
Inflation (CPI) in 2014
2.5% Long-run avg: 4.0%
0.0 pp %
Rank #24 of 77 yrs
Unemployment Rate in 2014
6.1% Long-run avg: 4.8%
+0.4 pp % p.a.
Rank #48 of 77 yrs
Real GDP Growth in 2014
2.6% Long-run avg: 3.4%
+0.4 pp Persons
Rank #13 of 126 yrs
Population in 2014
23.64M Long-run avg: 12,689,752
+342,554 % p.a.
Rank #69 of 125 yrs
Population Growth in 2014
1.47% Long-run avg: 1.61%
-0.14 pp % p.a.
Rank #67 of 78 yrs
10-Year Bond Yield in 2014
3.66% Long-run avg: 6.63%
-0.06 pp % p.a.
Rank #43 of 51 yrs
RBA Cash Rate in 2014
2.50% Long-run avg: 6.48%
0.00 pp US$ per A$1
Rank #28 of 67 yrs
AUD/USD Exchange Rate in 2014
US$0.9028 Long-run avg: US$0.8921
-0.0653 % of disposable income
Rank #37 of 68 yrs
Household Saving Ratio in 2014
7.5% Long-run avg: 9.0%
+0.8 pp % of GDP
Rank #29 of 68 yrs
Trade Balance (% GDP) in 2014
-0.6% Long-run avg: -0.5%
+0.1 pp '000 dwellings / month
Rank #6 of 62 yrs
Dwelling Approvals in 2014
207.3k Long-run avg: 152.7
+27.6 % p.a.
Rank #22 of 29 yrs
Wage Growth (WPI) in 2014
2.6% Long-run avg: 3.1%
-0.2 pp 2014 in Context: Preceding & Following Years (2009–2019)
10-year window around 2014 showing how key indicators evolved before and after