Annual Macroeconomic Snapshot • 2010s
The Australian Economy in 2015
In 2015, Australia’s Estimated Resident Population stood at 23,984,581, real GDP growth averaged 2.3%, annual CPI inflation averaged 1.5% and the unemployment rate averaged 6.1%.
- • The RBA overnight/target cash rate ended 2015 at 2.00%, while 10-year Australian Government bond yields averaged 2.72%.
- • The Australian Dollar averaged US$0.7527 against the US Dollar during 2015.
2015 Economic Indicators at a Glance
% p.a.
Rank #84 of 104 yrs
Inflation (CPI) in 2015
1.5% Long-run avg: 4.0%
-1.0 pp %
Rank #24 of 77 yrs
Unemployment Rate in 2015
6.1% Long-run avg: 4.8%
0.0 pp % p.a.
Rank #55 of 77 yrs
Real GDP Growth in 2015
2.3% Long-run avg: 3.4%
-0.3 pp Persons
Rank #12 of 126 yrs
Population in 2015
23.98M Long-run avg: 12,689,752
+344,250 % p.a.
Rank #71 of 125 yrs
Population Growth in 2015
1.46% Long-run avg: 1.61%
-0.01 pp % p.a.
Rank #72 of 78 yrs
10-Year Bond Yield in 2015
2.72% Long-run avg: 6.63%
-0.94 pp % p.a.
Rank #45 of 51 yrs
RBA Cash Rate in 2015
2.00% Long-run avg: 6.48%
-0.50 pp US$ per A$1
Rank #42 of 67 yrs
AUD/USD Exchange Rate in 2015
US$0.7527 Long-run avg: US$0.8921
-0.1501 % of disposable income
Rank #38 of 68 yrs
Household Saving Ratio in 2015
6.7% Long-run avg: 9.0%
-0.8 pp % of GDP
Rank #56 of 68 yrs
Trade Balance (% GDP) in 2015
-2.3% Long-run avg: -0.5%
-1.7 pp '000 dwellings / month
Rank #1 of 62 yrs
Dwelling Approvals in 2015
235.9k Long-run avg: 152.7
+28.6 % p.a.
Rank #23 of 29 yrs
Wage Growth (WPI) in 2015
2.3% Long-run avg: 3.1%
-0.3 pp 2015 in Context: Preceding & Following Years (2010–2020)
10-year window around 2015 showing how key indicators evolved before and after