Industrial production growth rate -0.55% (2021 est.) Labor force 13.786 million (2021 est.) Unemployment rate 5.11% (2021 est.) 6.46% (2020 est.) 5.16% (2019 est.) Youth unemployment rate (ages 15-24) total:10.8% (2021 est.)
Gross Domestic Product of Australia grew 0.2% in the third quarter of 2023 compared to the previous quarter. This rate is the same than in the previous quarter.
The Video Downloads (EST) market) market in Australia is projected to generate a revenue of US$142.00m in 2024. It is anticipated that the revenue will experience an annual growth rate (CAGR 2024-2027) of 0.72%, resulting in a projected market volume of US$145.10m by 2027. ...
The statistic shows the inflation rate in Australia from 1987 to 2022, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout th...
The Australia stock market size reached USD 1.8 Trillion in2023. Looking forward, IMARC Group expects the market to reach USD 2.9 Trillion by2032, exhibiting a growth rate (CAGR) of 5.40% during2024-2032. The market is primarily driven by strong economic fundamentals, increasing commodity demand...
The Vietnamese e-commerce market is growing particularly fast and projected to show a growth rate (CAGR) of 9.36% during 2024-203225. This is being driven by the growing internet population, increasing smartphone penetration and a young, tech-savvy demographic. The rise in digital payment ava...
This CPI calculation methodology was proposed by the Reserve Bank of Australia. The RBA's governing council needs the most objective assessment of consumer inflation. In turn, it is consumer inflation that is considered one of the main factors in the RBA's interest rate change. ...
The December quarter National Accounts show an economy slowing in line with the Reserve Bank’s expectations – with annual GDP growth at 1.5 per cent. This release does not give us reason to fear a significant deterioration in economic activity, as the conditions are in place for a better en...
A normal yield curve, where long-term rates are higher than short-term, suggests economic growth, while an inverted curve, where short-term rates are higher, can indicate an upcoming recession.Australia Yield Curve Australia Government Bonds 17 December 2024 Residual Maturity2Y4Y6Y8Y10Y12Y14Y16Y...
At the start of this calendar year, Deloitte Access Economics noted that ‘by the end of 2024, the primary economic challenge for the country will not be lowering the rate of inflation, it will be lifting the rate of growth’, and that this will be the year that ‘Australia reverts back...