Annual Macroeconomic Snapshot • 2010s
The Australian Economy in 2019
In 2019, Australia’s Estimated Resident Population stood at 25,520,468, real GDP growth averaged 2.0%, annual CPI inflation averaged 1.6% and the unemployment rate averaged 5.2%.
- • The RBA overnight/target cash rate ended 2019 at 0.75%, while 10-year Australian Government bond yields averaged 1.50%.
- • The Australian Dollar averaged US$0.6953 against the US Dollar during 2019.
2019 Economic Indicators at a Glance
% p.a.
Rank #82 of 104 yrs
Inflation (CPI) in 2019
1.6% Long-run avg: 4.0%
-0.3 pp %
Rank #37 of 77 yrs
Unemployment Rate in 2019
5.2% Long-run avg: 4.8%
-0.1 pp % p.a.
Rank #62 of 77 yrs
Real GDP Growth in 2019
2.0% Long-run avg: 3.4%
-0.8 pp Persons
Rank #8 of 126 yrs
Population in 2019
25.52M Long-run avg: 12,689,752
+374,328 % p.a.
Rank #67 of 125 yrs
Population Growth in 2019
1.49% Long-run avg: 1.61%
-0.07 pp % p.a.
Rank #76 of 78 yrs
10-Year Bond Yield in 2019
1.50% Long-run avg: 6.63%
-1.18 pp % p.a.
Rank #49 of 51 yrs
RBA Cash Rate in 2019
0.75% Long-run avg: 6.48%
-0.75 pp US$ per A$1
Rank #54 of 67 yrs
AUD/USD Exchange Rate in 2019
US$0.6953 Long-run avg: US$0.8921
-0.0528 % of disposable income
Rank #46 of 68 yrs
Household Saving Ratio in 2019
5.9% Long-run avg: 9.0%
+1.2 pp % of GDP
Rank #5 of 68 yrs
Trade Balance (% GDP) in 2019
3.0% Long-run avg: -0.5%
+2.2 pp '000 dwellings / month
Rank #15 of 62 yrs
Dwelling Approvals in 2019
175.0k Long-run avg: 152.7
-34.7 % p.a.
Rank #24 of 29 yrs
Wage Growth (WPI) in 2019
2.2% Long-run avg: 3.1%
0.0 pp 2019 in Context: Preceding & Following Years (2014–2024)
10-year window around 2019 showing how key indicators evolved before and after