Australia Economic Dashboard — Rates, Inflation & Macro Data

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Australia Economic Dashboard — Rates, Inflation & Macro Data | MacroBrief

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Australia — Macro Snapshot

— — Insufficient data to classify AUS's current economic regime.

The Reserve Bank of Australia has set the policy rate at 3.60%. Headline inflation stands at 2.3%, with unemployment at 4.1%. GDP growth is running at 0.4%.

Data sources: ABS (via FRED), Reserve Bank of Australia, national statistics. Currency: AUD. Classification: MacroBrief Regime Framework v2.4.

Annual data typically lags. Latest available: 2024

Year	GDP	Debt/GDP	C/A	Savings	Budget	CPI
2024	A$2.7T	36%	+1.2%	3%	-1.9%	3.4%
2023	A$2.6T	35%	+1.3%	4%	-1.4%	5.6%
2022	A$2.4T	35%	+1.2%	8%	-3.7%	6.6%
2021	A$2.2T	40%	+2.8%	12%	-6.5%	2.9%
2020	A$2.0T	42%	+2.3%	18%	-8.1%	0.9%

How to read this table

GDP — Nominal GDP in US dollars. Measures total economic output.

Debt/GDP — Government debt as % of GDP. Above 100% indicates debt exceeds annual output.

C/A — Current account balance (% of GDP). Negative = importing more than exporting.

Savings — Gross national savings rate. Higher savings provide a buffer against external shocks.

Budget — Government budget balance (% of GDP). Negative = fiscal deficit.

CPI — Consumer price inflation (year over year). Central banks typically target ~2%.

Annual data typically lags 1–2 years. Rows marked Forecast are IMF projections. One year changes may not reflect the underlying trend — compare across 3–5 years.

Weekly Newsletter

Australia — Macro Snapshot

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Inflation

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Trade Balancei

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Why it matters for borrowers

Mortgage Rate Outlook (12–24 months)

Analysis

Rate Transmission

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Trade Balance